Student loans have been helping students since 1958 in the United States of America thanks to President Dwight Eisenhower. Financial support, especially temporary support, which consists of student loans provided to students, has played a huge role in the number of people attending college. When an individual obtains a loan, he is responsible to pay the amount owed to the lender and more due to the high interest rate demand. Student debt has become an epidemic in the United States of America. There are many types of student loans, some of which do not have to be paid until the student graduates from college and others that must be paid during their college career. Although students are aware that they are borrowing money for college in order to eventually pay it off, student debt takes over all other priorities in the student's life. Students become discouraged and unmotivated to pursue their life's next journey after they graduate from college once they see the horrible student debt they find themselves in. A 2002 study found that 17 percent of student loan borrowers said their loans had a significant impact on their career plans (Baum). Additionally, 52 percent of respondents said they strongly or somewhat agreed with the statement that their "need to pay off student debt is hindering my ability to pursue my career" (Lanza). When someone borrows money, it immediately pushes back the life of the individual and becomes a priority above many things to continue their life path. A recent survey by American Student Assistance (ASA) found that students with debt are delaying decisions to buy a home, get married, have children, save for retirement... middle of paper......The Boston Globe." Boston, MA news, breaking news, sports, video | Boston.com. The Boston Globe, September 25, 2008. Web. March 19, 2014. "The ball and chain of millennials: student debt." USA TODAY: Latest news from around the world and the United States – USATODAY.com, nd Web, February 9, 2014. Pardo, Rafael I. and Michelle R. Lacey. "The real student loan scandal : Undue Hardship Discharge Litigation.” American Bankruptcy Law Journal 83.1 (2009): 179-235. ProQuest Web, March 4, 2014. “Proverbs 22:7 NIV – The rich rule over the poor.” Zondervan Corporation, September 9, 2010. Web. April 3, 2014. Rotherham, Andrew J. “Student Loan Debt: Is There Really a Crisis?” TIME.com, May 17, 2012. Web, February 9, 2014. United States Department of Education. Debt: Fact sheets on student debt and financial aid. " Student Debt Project: Home. January 2010. Web. February 9. 2014.