Student Debt Essay

only 20.6 million attended. Of the 20.6 million college students, 17.7 million are undergraduates.…

you the assurance of a job and an endless college loan debt? Well, there’s a good chance it might not be you but throughout United States majority of college graduates are dealing with this issue at this moment. People are contemplating whether or not “Is the student loan crisis a myth?” within these articles in the book of 13th edition: Patterns College Writing by Laurie G.Kriszner and Stephen R.Mandell. However, I disagree that this student loan crisis is a myth because of certain economic…

Today, most students will grumble and whine about the costliness of college, but their complaints are completely justifiable. Over the past decade, tuition fees have risen over 80 percent, and that isn’t all. College textbooks have also become more expensive, increasing over 79 percent in a matter of a decade (Kurtzleben, 2013). With the cost of college slowly increasing, how is the average student expected to pay for college without using more loans than needed? The solution is to lower tuition…

“her debt-to-income ratio was too high”. My friend was frustrated and asked me why this happened and what her “debt-to-income ratio” meant. My friend asked me whether taking utility bills out of her name would help. I said “no”. My friend asked me if cancelling credit cards that she no longer used (with a zero balance) would help. I said “no”. My friend could not understand why or what her debt-to-income ratio had to do with refinancing her home. Here is what I wanted her to know. Your…

Majority students are asked “What do you want to do after high school?” Most do not know, some are on the fence, but majority students know what their plans are and that’s to go to college. Students dream of going to big prestige colleges or colleges right in town. When students apply and get the golden acceptance letter, their dreams and hopes have come to reality and the world stop. Excitement runs through and everything seems amazing until, the price to attend is shown. Students start to…

Last spring, my sister turned to student loans to help cover the costs of going to UC Irvine, because without them, my family wouldn’t have had enough money to pay for her college. She’s one of the many high school seniors who have decided to fall upon external resources like scholarships, grants, and federal aid to reduce the burden of paying for university. Among these students, there are quite a few who struggle to pay those loans off since college expenses can often be very high. In fact,…

I loathe my student loan debt, but then again, no one likes their student loan debt! Some news broke this week that added a bit more understanding to some of the heartache I’ve experienced with my student loan provider. A major student loan company, Navient, is being sued by the Consumer Financial Protection Bureau. I am particularly interested in this (ok part of me is really excited to see them get theirs!) because Navient happens to be the only company I owe any debt to. Navient is…

For students to understand the investment of an education shows a maturity that they developed by taking out loans. It is required for students to undergo a seminar about loans and how it should be monitored. This helps students understand the real life aspect of adult hood and money management ("Huffington Post" ). If college were to be free, yes students would not have to take out any loans whatsoever but many would not develop the maturity needed for life after college. It is understandable…

can influence how fast a student can pay the debt such as, the salary after getting the first job, the financial situation, and the martial situation. There are many solutions to pay for college such as, working part time in the university, applying for scholarships, making payment plans with no interest fees, private or alternative loans. Asking an extended family member for money and rethink getting a loan (Americanhonors.org 2). Most student would look at the student loans as the first…

“Student loan debt hit the $1 trillion mark last year…” (Meisenhelder NP). What does that simple statement mean to people who may need to pay for their own college education? Will such a statement make people wonder if education is worth accumulating a large debt by the time they graduate from college? Should a college education be free? The cost of a college education is one of the most important things that we face as high school students. There are many pros and cons as to whether or…