Student Loan Debt Essay

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…

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 on loans.…

catering, clothing, and decorations. Finances can cause a major strain on relationships because there are many things that can effect livelihood and financial stability. Credit scores, debt, and savings (only to name a few) can hinder financial gain because if my partner has a low credit score, huge amount of debt, and little to no savings. Joint accounts have two or more owners and they require a signature card. This comes with authorizations for those able to write checks on the account. In…

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…

The price of college tuition has increased 439% in the last thirty years. Like many other Americans I won’t be able to simply write a check and have my entire education paid for. I will have to work my way through college in order to pay tuition and cost of living. In order to offset some of the cost of college I am applying to as many scholarships as possible, this one included. Receiving scholarships will help me tremendously. I am applying for this scholarship because I have plenty of…

as dropping out of school but it would keep students in school to get an education instead of dropping out. What’s the dilemma with Congress not lowering college tuition costs? According to Sara Goldrick-Rab (2016) college should be more affordable for all students. Thousands of students go through high school wanting to further their…

In the TED Talk “How College Loans Exploit Students For Profit” Sajay Samuel establishes the need for caution when planning for college. The TED Talk emphasized and analyzed statistics used to blindside people looking to continue their schooling. Samuel narrates the story of his friend’s family and their college experience to convey the new found greediness of higher education. The diction Samuel uses also conveys the monster that higher education has become to students’ wallets. The first…

having a high credit score is very usefully, especially for a young adult. Whether it be paying for a college education, trying to purchase car, or even just paying for a lunch on the plastic, a company is giving credit to you. A typical college student may be thrilled with the thought of a credit card and becoming a part of the ‘real world’. But as a wise man named Uncle Ben said, “with great power comes great responsibility.” Credit is very important to a person; it could even…

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…

Seventy thousand dollars to one hundred thousand dollars! This the student debt estimate for the majority of college students coming out of school. This amount is a staggering about of money to pay just so you could go to a classroom for most of your youthful years to learn way more that you need for a job just because your diploma requires it. Even after all those classes are taken and passed and you get that long awaited diploma, you may not be hired for that job due to competition in your job…