Student loan forgiveness has been one of the hottest topics for the 2016 presidential primary candidates. Student loans are extremely important because of one huge reason, the ability to repossess knowledge. When someone defaults on their car loan there is a physical asset you can get back. For example, if the car is worth $30,000 and you repossess it to sell it for $20,000. There is $20,000 worth of the loan debt the lender can get back.…
FICO credit scores ultimately determine the applicant's ability, or assumed ability, to pay back the borrowed amount. However, while this strategy benefits women and minorities, college students become the recipients of the adverse system effects. Carlos mentions a piece of legislation that would work “to secure proof of adequate income for college age customers before approving credit card applications…(275). Meaning that the lines of credit offered to students accurately reflect their measure of income as to prevent them from…
This amount is the total credit used compared to the limits. You should only use 30% of your available credit and pay it off in-full each month. Credit History = 15%. The length of time that you have a line of credit, credit card, or mortgage, is important because it shows a strong payment history. Credit Lines = 10%.…
Argument Analyzes In the article Student Loans Pack Surprising Benefits written Katy Hopkins, Hopkins says college debt may not be necessarily a bad thing if students borrow an amount that they can afford to finish a four-year college degree. Hopkins thinks students should take advantages of student loans because there are many benefits that students should experience while they’re still in school. In Hopkins’ article, she explains four benefits of taking out loans to get a higher education and uses rhetoric appeals to support her points, but the article still lacks of logical appeal even though she successfully shows good ethos and pathos to the reader.…
Student Loan Debt Debate America is in a financial crisis which many economists believe stems from the outrageous tuition costs that continue to rise here in America. Currently, we have a one trillion dollar outstanding student loan debt on the shoulders of those seeking a higher education and fulfilling careers. This is a situation that requires immediate attention and a lasting solution as the economy suffers and is need of relief that will stimulate the economy.…
The For Profit College didn’t care about the future of the students. The For Profit College used recruiter to convince students that a college education would change their lives. Tammy Baker said, they recruiters were instructed to “dig deep, get to their pain, get to what’s bother them.” The colleges used people’s emotions to convince them to take out high loads and promised job placement, which didn’t happen.…
Across the country, college dreams are being dashed by rising yearly tuition prices. The increase of annual college tuition prices has become such a substantial problem that the percent of students attending college after high school has dropped from 70.1% in 2009 to 65.9% in 2014 (Is College Tuition Really Too High?). (2) Of course, college is a business, and needs money for upkeep, supplies, upgrades, and salaries for the professors. (6) However, the argument pales in comparison to the facts that are present within the declining number of students going on to college yearly, and the consequences of these declining numbers.…
This loan is a last resort type of loan, after someone gets there other options in, such as loans discussed beforehand and after all their scholarships have come in. Its there to guarantee that you will have the financial means to get into the institution that you are have the opportunity to enroll into. It's a loan that makes sure that there is a really good chance that they will get their money back. Which means that this loan is not the loan that people use to commit student tax fraud because they don't give money to people who can't pay them back and if they don`t, you are putting the burden on someone else who will more than likely approach you about the payments.…
A study from 2015 states about 49% of high school students feel a great deal of stress on a daily basis (Ossola, 2015). For seniors, the stress may feel higher, because they may feel overwhelmed by the thought of college around the corner (Nelson, 2014). If students start preparing for college their freshman year, this could reduce the stress. There are many benefits to prepare for college early on in high school (5 Benefits of Early College Programs in High School, 2017). College-bound is a term used to describe students going or intending college.…
The Benefits of Going to a Community College Today in our society a huge amount of people thinks that community college is a bad college. They also thinks that community college is waste of time. And the students student that attend community college are not a good student. But have those people ever thought about how community college is actually beneficial?. And why do some student attend to community college?.…
Liberal arts studies is a variation of literature, philosophy, mathematics, and social and physical sciences. Thus with gaining a liberal arts education, the students acquire the values, goals, skills, and knowledge setting the building blocks for lifelong learning. With obtaining a liberal arts education the student can understand the complexity of their major. The liberal arts education can help someone be better rounded in the work force by developing useful skills such as communication and problem solving. With obtaining these skills the individual can become more useful not just in the workforce but worldly, because they have a broader knowledge of the things around them.…
Community college relies on two types of academic faculty, one of them is adjunct professors who do not have a full-time around 67% of full time [Mark 02/2015], another is full-time professors who has a full course load of instruction around 15 classrooms per week [Mark 02/2015]. Community colleges employed adjunct professors to save money, it costs less than to hire a single full-time professor. Adjunct professors do not have benefits; however, full-time professors usually have health insurance and many benefits such as higher salaries. In spite of, more than half student taught by part time professors, adjunct professors do not have benefits ,as well as, full time professors have.…
The borrower agreed to pay the money back in a timely manner usually for the agreed interest rate. The lender is entrusting the consumer to fulfill their obligation. For example, before the lender exchanges a loan amount or provide credit to the borrower, a promissory agreement is usually signed by the borrower. This is a binding document stating you agree to the terms and conditions; therefore, it is the…
Cost of College Nelson Mandela, a civil rights leader, once stated, “ Education is the most powerful weapon which you can use to change the world.” (Lancial). Education is the foundation of American society. Every aspect of American culture stems from the knowledge a person gains after high school. Without college, life would be different for everyone.…
College has become essential in today’s society. Students all over the U.S. are trying their best to focus and perform well on their academics. However, in the last 45 years, college tuition has gone up and because the U.S. economy took a major tumble in 2008, it caused college tuition costs to raise higher. This has caused many people to consider free college tuition. College tuition should be free because we’d have a more educated society, the U.S. economy could improve and it can significantly help families and students financially.…