Today, several college students face a large amount of debt after and even before graduating. About two-thirds of bachelor’s degree recipients borrow money to attend college, either from the government or private lenders, according to a Department of Education survey of 2007-8 graduates. After graduating high school, numerous people make a decision not to attend college due to the amount of debt that will cumulate during college and decide it is not worth being in debt. At the age of 18, you don’t realize how much college is going to cost, you just want to go to the same college as all of your friends. Also, when you go tour a college, they tend to show all of the amenities, for example, the sports complex, swimming pool, and the recreation
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I believe to limit the amount of debt Texas College students are accumulating while they work toward their degrees, colleges need to decrease the tuition amount, lower student loan interest on financial aid loans, and making sure each person understands financial aid …show more content…
Being fresh out of high school, students do not think of the financial burden they are going to have taking loans during college. One college student Alicia Aiello found herself taking out an $18,000 bank loan she couldn’t afford, with terms she didn’t entirely understand, on which she’d owe $6,000 worth of interest before she paid back even a penny of it. Alicia Aiello is one in many students that have a lack of understanding of how student loans work. Before graduating high school, high schools should hold several seminars explaining student loans for college so students are not blinded and taken advantage of. Colleges should teach about student loans during the freshman orientation so students have some understanding how it works and will be better off in the future. Almost two-thirds of U.S. student-loan borrowers misunderstood or were surprised by aspects of their loans or the student-loan process, a study shows. Having extra seminars will improve the knowledge of loan and having the knowledge will benefit students and lower the percent of students misunderstanding
I believe to limit the amount of debt Texas College students are accumulating while they work toward their degrees, colleges need to decrease the tuition amount, lower student loan interest on financial aid loans, and making sure each person understands financial aid …show more content…
Being fresh out of high school, students do not think of the financial burden they are going to have taking loans during college. One college student Alicia Aiello found herself taking out an $18,000 bank loan she couldn’t afford, with terms she didn’t entirely understand, on which she’d owe $6,000 worth of interest before she paid back even a penny of it. Alicia Aiello is one in many students that have a lack of understanding of how student loans work. Before graduating high school, high schools should hold several seminars explaining student loans for college so students are not blinded and taken advantage of. Colleges should teach about student loans during the freshman orientation so students have some understanding how it works and will be better off in the future. Almost two-thirds of U.S. student-loan borrowers misunderstood or were surprised by aspects of their loans or the student-loan process, a study shows. Having extra seminars will improve the knowledge of loan and having the knowledge will benefit students and lower the percent of students misunderstanding