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.…
The majority of United States citizens want to attend college, but some simply feel they cannot afford it. College is expensive but there are ways to make it more affordable such as grants, scholarships, and student loans. Plenty of opportunities are given to college students to help pay for their tuition, but many don’t take advantage of these great opportunities. As a result, it has created an endless debate on whether student loans are affordable or if they are a crisis within the country. Allan and Thompson offer a great argument for the affordability of student loans, while Lewis and Zaidane take the other side of the debate and argue that student loans are a crisis for many college students.…
Majority of the people in the United States today have debts from their college education. The ridiculous amount of college tuition has put many Americans into a tough situation. Politicians and public figures have urged the youth of America to pursue a college education. However, private and public universities continue to inflate their college tuitions giving students no choice but to pay up for a “brighter” future. This continuous trend has buried newly grads with an uncontrollable debt.…
To be eligible for these loans, students must be registered as a full time or part time student in an institution that is a part of the Direct Loan Program. Another requirement is that student must be in a program that will eventually lead to a certificate or degree. Subsidized Loans are offered to students’ based on individual needs, and this is decided based on the information given when completing FAFSA. Paul Basken states, “The federal government offers subsidized loans to college students both directly from the Education Department and indirectly through banks and other private lenders.” These loans are offered without a credit check or cosigner.…
There are two things that make every college students smile go up side down, tuition and student loans. It is something that makes everyone worry and sad. Right now in America there is a student debt crisis, colleges keep raising tuition every year while people aren’t making more money. The average undergraduate who borrows leaves school with about $30,000 in debt, which is manageable with a regular job.…
Student Loan Debt and the Economy Ever since the idea of going to college was created students have always worried about how they were going to pay for it. In 1958 the government thought of a solution and the first federal loans for college were introduced (New America Foundation). shortly after former students started to struggle with paying them back, 57 years later students are still fighting the same battle. with interest rates and the costs of tuition rising students are still encountering the same hassle if not even worse.…
There is many problems with student loans. College is a choice that everyone has but, A Lot of people have trouble paying for college. Americans owe over 1.4 trillion dollars in student loan debt. People are not making enough money to pay it back. The interest rates are going up as we speak.…
The student debt crisis is more apparent today than ever before. With student loan debt in excess of 1.3 trillion dollars, and rising at a rate of 3,000 dollars per second, it is easy to see why so many consider this a crisis. This is affecting 43.3 million Americans who split the debt in a negative manner. In April, the Education…
The United States of America is facing an immense problem that could potentially devastate the economy. Around forty million people in the United States have it because they wanted to have a higher chance at having a better standard of living; they decided the only way to do so was to go to university (Dickinson). However, with the extremely high prices of tuition the only way they could pay for university was by getting into lots of debt. They graduate, only to realize they do not have the money or the job to repay the student loan that they got when entering university. Since the year 2003, student debt has increased by an astonishing 300% (“Sad for Grads”).…
It always such a difficult subject to try to put a price on education; a diploma that we will hold but could never show the hard work and dedication put in to earn that degree. The minute we receive that degree is the minute we are welcomed into the “real world”. We must begin our careers with the unfortunate baggage of our student loans to carry with us. This topic in particular is a very controversial topic, but as I currently attend college, it becomes far more easy to pick an outlook I agree on. Certain individuals pour out thousands of dollars for an education, why should they have to continuously worry about it years after they graduate?…
Student debt seems to be a growing problem. Not only for the students, but for the parents and schools. In a survey, 95 percent of parents said that college education is very important, 25 percent do not plan to help their child pay for their college, and 46 percent said their children should fund at least some of the cost of college. Students will see more of their debts forgiven than previously thought. More than $108 billion in student loans will be forgiven over the next 10 to 20 years.…
Free College Tuition in the US is Achievable and Necessary. Topic: Why College Should be Free in the USA. INTRODUCTION Attention Getter: Growing up, one thing was for certain in my life; I knew my family couldn’t afford to send me to college.…
In today’s modern world, student loans have become an anchor just too heavy to drag. And so, this introduces the issue of student debt, and if it is really fair to all American citizens. The total student loan debt in the U.S is 1.48 trillion dollars, 620 billion more than the national credit card debt (Source A). If that doesn’t say something about how outrageously expensive student loans are, then I don’t know what does.…
Though student loan debt is very real the risk and debt that comes along with pursuing a degree is ultimately the better option because “Those with professional degrees had a median income of $87,356, more than three times that for high school grads” (Matthews “Part II”). This realization forces students to take out loans despite its consequences because racking up debt is the only way to have any chance at a good paying job. The fact is, “because of the poor job market, young people may have less of a chance than ever to actually get a good job commensurate with their education” (Taibbi). For those who choose to pursue a 4 year degree and deal with the debt, still struggle afterwards for many years trying the manage the debt they accumulated, diminishing their purchasing power long after starting their career causing them to postpone all investment…
Each year the cost of higher education goes up, schools find a way to charge more for something new. Most 18 year olds in America go to college to get a good job. That is why this country’s’ students have racked up 1.1 trillion dollars in debt. People say you cannot put a price or value on education, but a four year degree at a United States college racks up to at least 60,000 dollars. The price of college has risen more than four times faster than inflation since 1978, but most of this money hasn’t gone toward the betterment of education.…