Student Debt Essay

If the increases in tuition continues to rise, it will exacerbate the long term effect of student access and affordability to a college education. Especially students from low-income status. Mulhern et al. noted “The rising costs and increasing pressures on public colleges and universities across the nation threaten to lower the overall educational attainment levels and magnify gaps in income inequality and socioeconomic status.” It is critical that federal and state government provide…

You should always cite a source when you are quoting, using an idea, stating an opinion or fact. “Megan McArdle explains in this article that more than half of the students that graduate can’t find a job. “More than half of all recent graduates are unemployed or in jobs that do not require a degree, and the amount of student-loan debt carried by households has more than quintupled since 1999.” She explains that you’re not going to be more hirable just because you have a college degree.” I used…

are in debt, and who isn't, you may find that at some point in time you would benefit from the services of one of the many credit counseling agencies that abound in every city and state. The fact of the matter is that we are a nation of debtors for the most part and many of us find that we are slaves to interest rates. The beauty of working with a legitimate credit counseling service is that they will contact your creditors on your behalf and negotiate a lower interest rate for your debts. It…

savings. This change is important to me because it will lower my student loans and saving me money in the long run by lowering interest along with the overall balance. Increasing my financial stability will affect every area of my life thus allowing me to utilize all of Cohen…

1. What is the difference between a need and a want? The difference between want and need is a fine line and sometimes it’s hard to distinguish. Needs are different from wants in that when you want something it’s usually for personal entertainment i.e. and new game or phone. When you need something it’s more along the lines of groceries or textbooks. For example, I might want an Audi R8 but what I really need is an easy way to commute to school or work. 2. What is revenue/income? The term…

Are students victims of higher education? In the article, “The harsh truth: US colleges are businesses, and student loans pay the bills,” the author, Jana Kasperkevic, claims that institutions of higher learning have become flourishing economic enterprises. Over the last two decades, the price to obtain a college education has become more burdensome. Though it comes at a price, a college education and adequate qualifications are required to get a good job. Since the average cost of a four-…

out of your parents’ place for the first time, and you’re on your own, not knowing how to create a budget nor understand what a 2% interest on a student loan means. While there is no course in personal finance that can teach Americans to spend money properly, it is clear that most of us need help. Many schools believe that it is best for their students to understand the use of money by taking this course called financial literacy. These past years, several academics have pushed this course into…

My credit score is 583, it need some work. Being a college student, I don't have much time to get a credit card. My credit score is not as bad as I thought I would, but it is not great either. To get my credit score to become better, I first need to get a credit card from Bank of America. I will schedule an appointment with my banker and we will discuss my credit card and getting a credit score. Once I get my credit card, one way to make my credit score better is to setup a payment reminders…

understanding a thing about math or other subjects. This is because a plethora of jobs do not require college degrees. A number of people have started out in debt after college is over. In the article “ Is College Education Worth It?”, by Henry Penonion, William Bennett agrees that the student loan crisis is not accessable. Primarily, many of students who have gone to college normally do not come back for the second semester because of money problems. Going to college for 4 full years takes…

has a new college plan with three simple components. The first one is to ensure that no student has to borrow money to pay for tuition, book, or fees to attend a four-year public college in their state.(“Issues-College”) She also says that the student will have to contribute their earnings from working 10 hours a week. Families will also have to make an affordable and reasonable contribution to the students education. That is not much to ask especially when she is going to cut interest rates…