Loans do not help as much as they hurt the students. The New Jersey State University does offer subsidized and unsubsidized loans. Subsidized and unsubsidized loans are federal student loans for eligible students to help cover the cost of higher education at a four-year college or university.(https://studentaid.ed.gov/sa/types/loans/subsidized-unsubsidized). The federal government also have loans offered at Rutgers such as the Perkins, Federal Direct and Plus, and Private Loans, but this requires tremendous amount of steps. One must have certain information available to determine the eligibility for the Federal Direct and Plus Loans and Perkins loan’s terms and conditions. “Private student loans are not required to provide the fixed rates,
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Still, when students choose to go this route, this leaves students with a heavty debt to carry after getting his or her bachelor’s degree. To be more specific, loans have become an existential burden after graduation as some students are in great deals of debt. The Consumer Financial Protection Bureau acknowledges that student debt has become a $1.2 trillion dollar problem in the United States(Greenblatt). Research indicates that students in debt are prone to acquire bankruptcy later on in life although they maintain a stable income, which is mostly common in household where at least 1 students did not earn their bachelors degree(Despard, Perantie, Taylor, Grinstein-Weiss, Friedline& Raghavan, 2016). As I mentioned earlier, high school students factor in how much each university is offering him or her. Students compare and contrast the grants, scholarships, and loans they are offered to see what school would be most convenient for them. This is troublesome because the amount that students will have to pay their first year of college is set for them, but what about the three remaining years? Who is to say that the price of their tuition will not rise a tremendous
Still, when students choose to go this route, this leaves students with a heavty debt to carry after getting his or her bachelor’s degree. To be more specific, loans have become an existential burden after graduation as some students are in great deals of debt. The Consumer Financial Protection Bureau acknowledges that student debt has become a $1.2 trillion dollar problem in the United States(Greenblatt). Research indicates that students in debt are prone to acquire bankruptcy later on in life although they maintain a stable income, which is mostly common in household where at least 1 students did not earn their bachelors degree(Despard, Perantie, Taylor, Grinstein-Weiss, Friedline& Raghavan, 2016). As I mentioned earlier, high school students factor in how much each university is offering him or her. Students compare and contrast the grants, scholarships, and loans they are offered to see what school would be most convenient for them. This is troublesome because the amount that students will have to pay their first year of college is set for them, but what about the three remaining years? Who is to say that the price of their tuition will not rise a tremendous