Student Debt Essay

of paying off student loan is an intermediate term goal, it is specific, measurable, attainable, realistic and timely considering her current financial stand without increasing her monthly expenditure. Though she has other plans in her to do list from short term to long term. Using S.M.A.R.T planning method we look at it one after the other. Specific: Knowing what you want to do, considering the pros and cons, itemizing it in your to do list means its specific, paying off her student loan of…

College tuition is causing significant problems to the students and the country in different ways. College should be free because of three major reasons such as, skilled labors educated people are decreasing, students are giving up, and the rate of graduation is increasing. If community college were free America would have many educated people, profound innovations and, highest economy growth. Firstly, students are giving up because they have to pay college tuition. Many people…

Federal Reserve has increased the interest rates to a range of 0.75% to 1.00%. This has an impact on many of the companies and consumers within the United States. The rise of interest rates impacts mortgage loans, credit card rates, student loans, even the U.S. national debt. To narrow which industry to focus on, my KPMG audit team will focus on the impact this has on our client, VISA, within the credit card industry. Although our client does not extend credit to its consumers, many…

Understanding the evolution of consumer credit is important because it shows how America’s perception of credit and debt changed over time, from a necessity to convenience, to oversaturation. Consumer credit was born in an old general store, circa 1920 when the store owner extended credit to the farmer, knowing that when the crops came in, the debt would be…

The American dream is a set of ideas of a perfect life every American citizen dream of. Having a perfect life means living comfortably with abundant amount of money, one parent staying home with their kids, equal rights and opportunity for every men and women. This idea of a perfect life is believed to be achievable through hard work and dedication. Of course, not everyone has the same idea of American dream but in general, most people believe that with money, they can do anything and everything…

thing that we can consistently and confidently count on is the rising prices of college tuition. It has come to my attention that people have been complaining about this ongoing problem for years.Apparently,“if prices keep rising at the current rate, students who don't receive any grants will most likely pay more than $115,000 to reach graduation day” . This issue has been spreading throughout the united states , as the cost of college for a 4- year public school went from 5,000 a year to a…

Throughout the country, a majority of students go into financial debt everyday just to secure their future. The issue causing this massive debt is colleges. College tuition has increased to an unpayable amount for most lower and middle class citizens. This is an very unreasonable, because it hurts our economy, discourages higher education, and creates a disincentive for a more benefiting future. Many solutions have been presented to combat this problem. Some examples are: free college,…

In this day and age, some of our smartest students can’t even go to a school that they deserve to go to. Katie Hutchins, a talented high school senior from Georgia wants to be a doctor. Her dream college is the University of California in Los Angeles. This school has everything for her, the pre-med program grants access to a great hospital, and famous doctors on teaching staff that would help her lead her to way to medical school. She got in. "I stayed up late at night, made As to get in. What…

Please read, and advice. Back in '87 I got a $2,904.00 student loan. Truck driving school in Waco. Ended up a scam, and the school closed. I never graduated. Being pig-headed I refused to pay the loan when it became due, and instead decided they could take the money out of my tax refunds. That happened for years. Finally, in the year 2000, after three years of being successful in the mortgage business, I made so much money that my student loan was paid off, and I started getting a refund…

down to affordable levels? These have been big questions for students and parents over the past years. A new report has the answers to the questions. There are two main things that affect the price of tuition, one is that the college spends more. That could mean paying faculty more, or building more sports arenas, or conducting more research, they then raise tuition to help cover the costs. The second is that the college needs to ask students to pay more to fund current spending. If the…