Student Loan Debt Essay

Caralee Adams author of “Students Alerted to Loan Debt,” Kim Clark author of “Learning the Hard Way,” and Hollis Phelps author of “A Degree in Debt: The High Price of Higher Education,” explain the consequences of student loan debt, specifically how students are forced to take out large amount of loans because of the “struggling” economy. The three articles stress the need for a higher education to be successful in life. The three articles also showcase a students’ fight for a quality,…

Major Life Decisions Student loan debt, like all forms of debt, can influence various decisions such as starting a family, buying a house, and retiring. Since children are one of the largest expenses one can have, many people wait to start a family until they are financially stable. This is one of the reasons why the average age of first time mothers has increased from 21.4 years in 1970 to 25.6 years in 2011, according to the National Vital Statistics Report released by the Centers for Disease…

it is, so why are so many Americans in debt over it? In 2011, the student loan debt in America hit $1 trillion, and continues to rise by $3,000 every minute (Lancial). Many people believe that they can afford college. Students become entranced by the false words of colleges and ignore what is right in front of them. The most indebted individuals are the graduating class of 2014; 70% of the new undergrad degree holders carry an average…

Student loan debt is becoming an ever prevailing topic in today’s society. In the current world, most jobs are requiring a college degree for all their employees. With this change in jobs, more and more young adults have decided to attend college. As the price of colleges continues to rise, many students are forced to take out multiple loans. As stated in the article, there is currently about 1.2 trillion dollars in student loan debt currently in the country; about eight million of all students…

order to get a good job and be successful in the future. Along with going to college comes the ridiculous amount of money that all students face in debt after they graduate. The short essay, “Is Forgiving Student Loan Debt a Good Idea?,” written by Kayla Webley, gives many examples of why she thinks that Robert Applebaum’s proposal of bailing out anyone with student loan debt is a bad idea. The author discusses how unfeasible this proposal is and the negative side effects that this would have on…

increase debt for the 50 to 64 age group. Correspondingly, scholars also determined that individuals in good health have two-and-a-half times more financial assets than those in poor health (Lahey et al., 2004). Repaying debt is difficult at any age, but repaying debt later in life due to health problems creates additional financial hurdles. Moreover, older adults face the challenges of reduced income, limited employment options, and fewer remaining years in the workforce. Thus, medical debt is…

position to hand over monthly stipends to their parents, especially if you're facing debt and the responsibility of taking care of young kids. As much as you'd probably love to help out with cash gifts, you also have to be thinking of your current financial…

Is Student Loan Debt Harder on Women? A recent report by Pew Research confirms that the pay gap between men and women is not only real, but it is still very much alive and well to this day. The gap is even wider for black and Latino women, the study found. The result is that those making less money are not able to repay their student loans as quickly and are saddled with greater debt loads. A study by the American Association of University Women found that Asian women paid down their student…

National Student loan debt is a huge issue for many Americans today. If I’ve learned anything in the past four years, it’s to start early. Starting early can mean many things and in many ways can help you be ready for the cost of a college degree. First and foremost, when I say start early I mean in terms of education; setting yourself up to receive grants and scholarships because over time it all adds up. It wasn’t until my senior year of High that I truly understood how important it was to…

that the average student loan debt today is reaching $30,000? As of 2013, about seventy percent of graduates left college with a debt of at least $28,400(ticas.org). This means that out of every ten seniors, seven of them are leaving college with this amount of debt and it also projects that anyone can end up with this amount of college loan debt . The average student debt for the class of 1993 used to be $9,400, compared to the debt today, that is more than double of what the debt used to be.…