Supplemental Questions 1) Coming from a low-income, Mexican-American family and being a first generation college student, I have struggled to pay for tuition and fees in the past. In high school, I was never told what kinds of financial aid options were available, yet alone how to apply for loans and how they operated. This prompted me to research the vast amount of financial aid offered here at Diablo Valley College. Not only do I know about general financial aid information, but I can provide the necessary assistance to students who either need information or be navigated through the FAFSA.…
Hello Dan, The Departments stance is if the lender is conducting residential lending, and complying with the all Federal loan fee mortgage disclosure requirements. The Lender is in compliance with North Dakota Code 13-05-01-02 Contracts to be in Writing. In such cases the mortgage broker fee disclosure is not required, because the federal disclosures take it’s place.…
During the presidential campaign, Democratic candidate Bernie Sanders purposes a plan for college tuition free. He suggests that public colleges and universities in the United States should be charge free. The federal government has made over $110 billion dollars through student loan, so Senator Sander suggests that the government should cut the interest rate of student loan from 4.29% to just 2.37%. In current economy, the interest rate of auto-loan is 2.5% on average, so students should not pay more interest rate for their education that lasts for decades. In order to execute the plan, the federal government needs to pay $75 billion dollars a year to cover all the costs.…
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.…
As more students around the world enroll in colleges, the struggle to begin paying for college tuition begins. Over the years, attending college has become a bigger expense for students and their families due to the increase in the price of college tuition and fees. Financial aid and scholarships don’t do enough to economically assist students. Additionally, loans merely ensure that students are in debt for hundreds of thousands of dollars after they graduate. During this year’s presidential campaign, certain candidates have come up with a plan to create a better college experience for students.…
In the article “Is College Worth it” the writer provides surprising data stating that people who decided to attend college and graduate are more likely to help reduce the financial strain on society. Hrabowski author of “College Prepare People for Life” emphasize that by enrolling in college, students can learn and develop vital skills, which can later be used to help contribute to their communities (260). While college not only helps individual develop new skills, it provides excellent rates of return. Owen and Sawhill author of “Should Everyone Go to College” mentions that the rates of return by attending college is significantly better than those with only a high school diploma, therefore, the benefit of attending college and earning a…
It’s hard to believe that once upon time, Americans did not have the dreadful worries of finding a way to prepare for the financial necessities for college. Now, college is becoming more of a dream rather than a reality as high tuition rates becomes the number one reason why Americans are not advancing themselves into higher education. In some cases, there are college students who receive full-ride scholarships to the college they desire; however, the majority of those who do go to college do not obtain the same luck. Those students who do continue their education and go off to college find themselves short of financial aid, out-of-pocket cash, and even scholarships. This causes students to resort to taking out a student loan.…
Student Loans On the topic of students loans, I feel like there are only two side that could be talked. One being that students are a terrible thing for student to invest in and the other being that student loans are the most effective way of ensuring your tuition is paid. When doing research on this topic, I discovered information that covered both of these side. Personally, since I am a student that has already used student loans I am all for the use of student loans.…
The New York Post reports that rising tuition in the wake of decreased state funding for higher education has left many students scrambling to pay for college. Beyond the $1.19 trillion in student loan debt reported by the Federal Reserve Bank lies an additional problem: an unmeasured mountain of related credit card and home-equity debt, plus money diverted from retirement accounts. Thank you for taking the time out of your busy schedule to read my letter and I hope you consider my area of interest. I believe it is an important issue, and would like to see the legislation passed to ensure the student loan deduction. In order for this bill to be fully effective, there should be federal funding for the…
In May of 2015 one of the biggest for profit college companies, Corinthian Colleges filed for bankruptcy. Corinthian Colleges have left their students with a meaningless degree and unpractical real life, hands on training in their field of study. These facts alone have made it hard for these students to find a job, resulting in an inability to pay their student loans to Corinthian colleges. Although these unfortunate events are happening to unknowingly students, Secretary of Education, Arne Duncan, has recently announced that the department of education is in the process of developing a plan that will forgive student loans of those students defrauded by Corinthian colleges. This process has never been done before, and it will most likely…
As college looms closer, student debt rears its ugly, giant, one-eyed self; while it has been docile for the past three years as a mere sheep herder, suddenly it has sensed I have landed on its shores and has launched itself at me full-speed. You hear stories of this monster and you hear of those who have overcome it heroically; unlike them, you then may think you’re not strong enough, or smart enough, or agile enough, but we are all going to have to face the monster anyway so us students might as well give it our best shot. As the first of many weapons against outstanding student debt, the $1500 I may receive from the Teaneck High Class of 1981 Scholarship Fund will benefit me tremendously during my college journey. The $1500 I may save…
Going to school in America is not cheap. Everyday students struggle not only to pay for their collegiate educations, but also to offset these costs as much as they can. One issue many have raised is the fact that colleges and universities are simply too expensive, most families can not afford to pay out of pocket the tens of thousands of dollars a year for an education. The government does attempt to help through FAFSA, giving subsidized and unsubsidized loans geared towards assisting students through their studies and deferring payments until 6 months after graduation. My family and I are extremely thankful that we qualify for these loans and have chosen only to take out what we need and nothing more, this way when the time comes to pay them…
Student Loan Debt Crisis Specific Purpose: By the end of my speech, the audience should be persuaded to support student debt forgiveness programs. Thesis: Student Loan Debt is harming student’s financial stability and undermining their long-term life goals. Introduction: In fall 2014, I transferred to Harold Washington College after being out of school for two years. That same year student loan debt within the United States surpassed $1.1 trillion (Frizell) and some of that debt is my own.…
The U.S. student loan debt is a surging issue for young Americans. Striving for a post-secondary education will offer better job opportunities, although the financial responsibility of paying for the degree can weigh heavily on individuals with little to no income. Aid is provided to benefit students who need financial support via grants, scholarships, and loans. Focusing on loans, a student is offered government institutional loans based off of Expected Family Contribution (EFC). Every year students’ file a Free Application for Federal Student Aid (FAFSA) to determine what level of subsidy will be needed to assist them for that academic year.…
The company’s total assets are 190,554,000,000. Ford’s debt to equity ratio is 10.95 which is due to the capital intensive nature of the automotive industry. For 2012, Ford’s net income was 5,665,000,000 which indicates the company is currently 75% less than the over $20 billion profit in 2011. Additionally, the cash flow from investing activities has decreased from $6.9 billion in 2010 to -$14 billion in 2012. Short-term debt has increased in the last couple of years, it is still nearly 50% of the over $60 billion in 2009.…