Debt

According to the Association of American Medical Colleges (AAMC), about 81% of medical school grads are walking away with an average medical school debt of $183,000. Because of the high incomes physicians make, many people (new medical school graduates included) think that their loan repayment is something they can easily handle. However with ever increasing costs and significant declines in physician reimbursements from Medicare and Medicaid, some doctors are finding trouble paying off loans…

The problem with this is that starting a family could be difficult while being in college, so most of the young adults delay it. Having debts after college is another huge setback. Just in New York, a debt of a student who attended a public 4-year institution and private non-profit 4-year institution is $27,822 . The next three articles will summarize what we call the American Dream now in comparison to our past times…

worth taking or even worth the consideration? A student loan has many benefits that will help students choose the right college for them, it will open up opportunities that no one would have ever considered possible. Previous students have fallen into debt with student loans because they did not have a good worth ethic and they do not take into account that their actions will have consequences whether the consequences be good or bad. Even though there are a lot of positive sides of a student…

School is a necessary system worldwide to invest in a society 's future. The primary argument as to why educational institutions should be free in the U.S. is not to give everyone the equal opportunity to education as stated by Lawrence (a professor of History emeritus at SUNY Albany) although it is one of the reasons, the primary reason is to increase the number of educated workers to hopefully improve our economy. It is stated that an “educated work force has become an essential component of…

Marriage Apocalypse?” Carol Costello explaines that culturals attitudes toward traditional marriage are drifting away as many Americans millennial questions whether marriage is for them. As many young Americans were raised in environments of credit debt, student loans and marriage separation. In that fact the millennial generation prioritizes in their careers and travel. Many of them strongly belief staying single becomes more socially acceptable. As myself who also fall in the category of the…

$1.2 trillion is the student debt of Americans as of 2014 according to the New York Daily News. How can college be worth it, if collectively Americans owe this much money in debt. Part of the problem is increased tuition, another problem is people who do not have the funds for college are spending irresponsibly. Is college worth it; it most certainly is. College provides opportunities that would be otherwise impossible. College provides you with the opportunity to form new relationships,…

College The average student loan debt in America is around $30000 according to America's Debt Help Organization, while the average student in Denmark gets a monthly payment from the government ranging from $150-$900 depending on different factors. Looking at these countries as examples, the cost of attending college in the United States is much more expensive compared to a Scandinavian country like Denmark. If we look throughout the history of the American student debt we see just how much it…

Peter wants to buy a house but needs some assistance with the extensive research that has to take place when purchasing a home. First and foremost the basic information needs to be addressed. Peter has seen through an ad that he can obtain a loan through several options; a subprime rate, ARM, extended loan, and many other options. A subprime mortgage is a type of loan appropriate for individuals with poor credit scores usually below 600, who as a result of their deficient credit ratings wouldn’t…

necessities. From the first day a student begins college, they are overwhelmed by debt. So begins the struggle of working both day and night to further their education while trying not to drown under the financial strain of the price of this education. If there were free college tuition, we could finally help the people of the nation. Free college tuition should be available to all because it would eliminate the burden of student debt, it would create a more educated workforce, and it…

is either a student loan or financial aid. Financial aid can be very selective, so that leaves student loans. Will those loans pay off with a degree to have a career that will financially pay off those loans, or is that student going to be left in debt that is unable to be paid? I believe that if a student is careful when borrowing money, and is prepared to live frugally, that it is worth it to invest in college. Ultimately though, it is up to that individual if paying back loans…