Student Loans
On the topic of students loans, I feel like there are only two side that could be talked. One being that students are a terrible thing for student to invest in and the other being that student loans are the most effective way of ensuring your tuition is paid. When doing research on this topic, I discovered information that covered both of these side. Personally, since I am a student that has already used student loans I am all for the use of student loans. On the other hand, I have a reasonable understanding on why student loans can be looked upon as a bad thing.
Discover, a credit card company, is known for financial aid in the form of loans. They released an article, “A Guide To Evaluating Student Loans” which outlines the necessary steps it takes when the thought of a loan surfacing. This article is informational, but tends to leave out the what positive or negative things can come out of a loan. Their article seems to direct the attention to the borrower and that individual being able to know where they stand financially.
Branching off that idea, an article published in the New York Times brings out the lending companies that are gaining are not worried about their borrowers only because the government is stepping in to pay for defaulted loans. There has just been a lack of companies informing these borrowers about …show more content…
Many stories of student who are far behind in their payment is the main topic. I feel as though this tactic is used to scare student away from loan companies. Unsubsidized loans are more reasonable for most students only because payments along with interest are not implemented until weeks after graduation. Most of these student who are in debt desperately pull out loans that are subsidized which makes it unreasonable for struggling students to
On the topic of students loans, I feel like there are only two side that could be talked. One being that students are a terrible thing for student to invest in and the other being that student loans are the most effective way of ensuring your tuition is paid. When doing research on this topic, I discovered information that covered both of these side. Personally, since I am a student that has already used student loans I am all for the use of student loans. On the other hand, I have a reasonable understanding on why student loans can be looked upon as a bad thing.
Discover, a credit card company, is known for financial aid in the form of loans. They released an article, “A Guide To Evaluating Student Loans” which outlines the necessary steps it takes when the thought of a loan surfacing. This article is informational, but tends to leave out the what positive or negative things can come out of a loan. Their article seems to direct the attention to the borrower and that individual being able to know where they stand financially.
Branching off that idea, an article published in the New York Times brings out the lending companies that are gaining are not worried about their borrowers only because the government is stepping in to pay for defaulted loans. There has just been a lack of companies informing these borrowers about …show more content…
Many stories of student who are far behind in their payment is the main topic. I feel as though this tactic is used to scare student away from loan companies. Unsubsidized loans are more reasonable for most students only because payments along with interest are not implemented until weeks after graduation. Most of these student who are in debt desperately pull out loans that are subsidized which makes it unreasonable for struggling students to