United States of America has shown in a dream to every single person who lived in U.S, that dream is known as an American dream. American dream provides happiness and a healthy lifestyle for general people living in U.S. A happy and healthy way of living includes reasonable house, income and education. People start their dream with good education, but with the passing time education has gotten really expensive, students cannot afford to go to college on their own so they look for ways such as grants, scholarships and loans. In scholarships and grants, students have to fulfill certain academic requirements and they do not have to return that money. On the other hand, a loan is a contract and students have to pay back the money according to
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Students clearly know what they are doing and they are not forced to take any actions. Many students like getting money with less effort. A loan seems the best choice for students because it does not require much of an effort. All that students have to do is sign a contract and they will get their money in the blink of an eye. Students think that they will graduate on time with the help of this money and later on get they will get a good job. Reality is much because our economy is still in recession; as college students graduate they do not get good jobs. Other times students do not get jobs after graduation at all. Tuition fee gets higher, so students are getting more loan. Loan 's interest rates get higher and in no time these students end up in the quick send of the …show more content…
The public will pay the consequences of relieving the loan because someone has to pay it off. Those students will feel relieved that they have no more loan to return, but the general public has to go through the punishment and that punishment will be there in the form of taxes. Our government cannot afford $ 1 trillion because they are already in recession and they are already borrowing money. The idea of getting better and higher education is creating problem itself. Prices of tuition fees are getting higher and so are the amount of loan. This question always comes to my mind whether higher education is beneficial for us or is it becoming a threat to our
Students clearly know what they are doing and they are not forced to take any actions. Many students like getting money with less effort. A loan seems the best choice for students because it does not require much of an effort. All that students have to do is sign a contract and they will get their money in the blink of an eye. Students think that they will graduate on time with the help of this money and later on get they will get a good job. Reality is much because our economy is still in recession; as college students graduate they do not get good jobs. Other times students do not get jobs after graduation at all. Tuition fee gets higher, so students are getting more loan. Loan 's interest rates get higher and in no time these students end up in the quick send of the …show more content…
The public will pay the consequences of relieving the loan because someone has to pay it off. Those students will feel relieved that they have no more loan to return, but the general public has to go through the punishment and that punishment will be there in the form of taxes. Our government cannot afford $ 1 trillion because they are already in recession and they are already borrowing money. The idea of getting better and higher education is creating problem itself. Prices of tuition fees are getting higher and so are the amount of loan. This question always comes to my mind whether higher education is beneficial for us or is it becoming a threat to our