Abstract or Introduction
Karl Marx's concepts revolve around bridging the rift between the well-to-do in society and the have-nots, thus offering a comprehensive analysis of the difference in social classes. Education empowerment in society can bridge this gap although gradually. Education is a basic necessity, but its cost is skyrocketing towards a level when it becomes a luxury. University education is increasingly becoming too expensive for the average American student. As a result, one can only wonder about the worth of a society where its youth have sunk deep into debts with extraordinary interest rates. Karl Marx's theories aid in comprehending the effects of student loans on social debt and find a way of bridging a gap between the various social classes.
- Quote paper
- Oliver Tumbo (Author), 2020, Student Loan Debt Analysis using Karl Marx’s Concepts, Munich, GRIN Verlag, https://www.grin.com/document/966976