Answer:
Yes. The cost of college is so high that going into debt has become the only way over half of the American students have to get a college degree.
Step-by-step explanation:
Supporting evidence of these claims is provided by the Federal Reserve Bank of New York. Over half of American students have to get into debt to be able to get through college. This year, 2020, the average student loan debt has grown to an overwhelming $37,500. Furthermore, student loan debt has become the second-highest consumer debt category, and loan forgiveness is not available enough.