aflcio.org — As a low-income and first-generation college student in my family, the subject of student loans has been a matter of acute concern to me. High school counselors constantly told me that student loans are “good debt.” This type of information made it justifiable for peers in similar socioeconomic situations to borrow federal and private loans. But lenders take advantage of first-time borrowers by failing to explain in full detail future payment plans, which may cause individuals to be fiscally unprepared for post-graduate life. Current student debt trends must be fixed in order to stop setting up graduates for a lifetime of financial struggles. While the nation engages in debate about the country’s financial future, the topic of student debt must be recognized as an important issue and for its potentially crippling impact on the lives of young college graduates and as an effect of the strength of our economic recovery.