Student Debt Essay

One of the most formidable American myths that affect many college students today is the American Dream. This myth is so powerful that it created years of debt within families. Debt that can or cannot be repaid. Some may ask themselves on the principles in which one would deprive themselves of a long, healthy economic status just to spend on two to four years of extended education. The answer is the myth that was created as the foundation of American values and promises. For Asian families, this…

The goal of the GSL is to offer an access to higher education to students who can’t afford the tuition with their current financial situation. Since one’s future ability to pay is speculative without much credit history to consult with, the risks are more difficult to measure. Private lenders might demand a higher interest rate to compensate for the uncertainty since they can’t objectively see the social benefit of this program. The optimal level of the amount of loans provided and a reasonably…

the actual college education itself or is it the housing that is causing students to have endless amounts of debt? Students come out of universities with a piece of paper that says that they passed college and a bank account that tells them that they spent too much time in college. The answer is simple, housing is what causes students to graduate college with outrageous amounts of debt. While many new freshman college students spend their first year paying thousands of dollars for a dorm,…

budget sheet I realized that I wouldn't have to worry about home insurance or furniture because I will be living on a ship or in the barracks due to my job. Also since I will join the Navy before going to college I don't really have to worry about student loans. So when I removed those expenses my annual expenses dropped by $15,000. I also realized that i had to cut down on the purchase of video games because it was adding up to be a lot of money per year. The decision of not eating out…

Jon Marcus wrote an article called “The Reasons College Costs More Than You Think,” to prove to people that most students won’t get their Bachelor’s degree in their first four years in college. College costs more than we think because we don’t realize that there are so many expenses that students need to pay for in just one year. Everyone thinks they will get it was done by the four years but many don’t take enough classes for them to succeed that goal. The author says “The average added cost of…

STUDY ON AWARENESS LEVEL OF CREDIT CARD BENEFITS There is a close relationship between awareness levels of credit card usage and the benefits of credit cards. The purpose of this empirical study is to investigate the awareness levels of credit cards and its benefits among different types of individuals across different demographics. In particular, knowledge structures, beliefs, likes and dislikes as well as attitudes of credit card owners in the possession and use of credit cards are…

Economic is going unwise with the high costs of our daily uses and needs. Now, college tuition is going even higher more expensive for the students to afford. Over the last decade, the wages of college have gone up drastically. Even with the aid of financial support, grants, and loans, the students are struggling to collect the tuition for courses and supplies. The students, professors, education board, and the government should work together to find a solution that will benefit everyone…

equitable value to meet a college students’ expenses. In the article, The Reality of Free Community College Tuition, by Fran Cubberley, she presents both pro and con arguments in why it would be beneficial for our current and ongoing high school graduates to receive a free two-year education. The arguments made are: As a pro, students could avoid such costs as well as reduce the likelihood of requesting a loan. As for a con, “the cost of educating and serving students, and senior management and…

deciding between Federal and Private Loans because both have pros and cons. I am glad to be made aware of this information pertaining to student loans since I was uninformed prior to this class. Based on Mike Sullivan’s moto, “Your total student loan debt at graduation should be less than your annual starting salary,” I am unsure if I will be able to pay off my student loans in ten years or less. I believe I will be able to pay them off in that time frame though since salaries increase with more…

degree programs cause some problems that will affect the process of this program. Associate degree students have three methods to get into the university. They can choose UGC-funded degrees, self-finance degree/top-up degree and study overseas. Around 30% of associate degree students may enter UGC-funded program but some students need to start from Year 1. It will spend lots of time and money. Students who study in self-finance degree and top-up degree will spend $60,000-$120,000 per year.…