I am writing you to address the issue of Student loans. While I am a student who uses student loans, because I am not able to afford college, I do not believe that student loans are beneficial. This issue directly impacts the way we as students will be able to afford school.
I am first concerned with how the availability of student loans increases the price of tuition. To get student loans you are not required to show your proof of income or your credit history, it bases it off how much the tuition of your school is. This allows colleges to raise their prices because the government guarantees the student loans. According to The Washington Post, a theory known as the “Bennett hypothesis” stated that “increases in financial aid in recent years
I am first concerned with how the availability of student loans increases the price of tuition. To get student loans you are not required to show your proof of income or your credit history, it bases it off how much the tuition of your school is. This allows colleges to raise their prices because the government guarantees the student loans. According to The Washington Post, a theory known as the “Bennett hypothesis” stated that “increases in financial aid in recent years