Each year I get either an early experience teacher, a student teacher, or both. They are always from our local Franciscan University. Most of these students are attending this private institution from out of state, and I’m always amazed at how many of them do not have at least part-time jobs. I know the job market is tough, but these kids choose not to work. They take out the full amount in loans after their tuition is adjusted for family income, etc. I’m just amazed at how quickly they sign the dotted line for all of those loans. My student teach from last year graduated with over $80,000 of debt for a teaching degree with a minor in drama! I think that this might be part of the problem. Students are getting easy money access without ever knowing what it’s like to carry that burden, and now that they’re experiencing the debt it is not fun. Just my 2¢.
I know this form experience, I studied Electrical Engineering and stopped working for a semester, my life was so much better and my grades went from B's to A's. Alas I could only afford that for 1 semester.