Student Loans Research Paper

In the competitive job market world of today, a higher education is an essential to landing a job in most career fields. Even so, many students are turned away from the goal of a higher education by it’s cost and wallet emptying loans. The cost for college is rising and for many student loans are the gateway to higher education. Since 1993 the number of students taken out loans to attend college has risen to 65.5 percent (Stone 1). Higher education, despite its costs, isn’t obtainable. Through student loans any student has access to a higher education, without a large debt through smart choices.
Student loans to many are seen as an evil and hard to obtain debt. “There are numerous horror stories about students who have unmanageable debts do to student loans;...” (Stone 1). Loans alone aren’t the only obstacle that may turn students away from a higher education as stated by Adrian Ziderman, “... the advent of …show more content…
The access to student loans is only broadening, “Many countries around the world have long-term policies aimed at increasing the percentage of the relevant age cohort (say 18-24 years old) that enrolls in higher education” (Ziderman 1). The key to success in higher education through loans is borrowing within your means. Many who go off to college live off campus or eat at restaurants, when the reality is you're only there to obtain a higher education. "The first thing that any student needs to do is really, truly understand what the cost of their education is going to be" (Hopkins p5). Student loans aren't free (Hopkins p8). A student needs to make sure that all loan money is accounted for and going towards their education, and only their education (Stone 2). It must consider what you are signing up for with a loan, and if you don't have to borrow, don't. With a smart and productive lifestyle any student can handle the full cost of their college education and graduate with a manageable