Life and Debt

The Impact of Student Loan Debt When growing up I learn to manage my own money. I do not shop unless I need something important. I work hard to pay for something like college expenses. Student loans have advantage and disadvantage that can create the future of a student. Student loan defaults are the result of bad decisions (Sullum). Students who borrowed student loans can be a lifetime servant paying for their loans. The government can extend college costs if they borrow money from them…

very flourished in life; with a net worth of $11 million. This goes on to show that college isn’t for everyone and does not need to be.…

Cupping Student Debt In this cartoon, Joe Heller illustrates the feelings that every student has in relation to students loans. Heller’s purpose in this cartoon is to draw attention to the enormity and un-manageable amount of debt they acquire over the course of their college career. He uses a combination of wording, design and symbolism in order to effectively empathize with the struggle that every college student experiences, drawing the conclusion that college is too expensive, forcing…

Mastering debt management is a necessary aspect of making your money work for you. A good place to start on your road to Financial Freedom is learning debt management and to begin you have to know the difference between good debt and bad debt. First let me give you some definitions: Good Debt: Any debt where the cost of the debt will be surpassed by the profits that are made by whatever it is that you took on the debt to buy is good debt. Bad Debt: Any debt where the cost of the debt will…

Lowering Student Debt Student debt has become an ongoing problem in society and it continues to get worse. To solve this issue, universities should lower tuition to enable more people to get an education. It would allow students to pay off their debt much easier and if college tuition continues to rise, many students will become overwhelmed with their increasing debt. Lowering tuition would offer so many benefits to not only students, but it would help out families to help students pay for…

Putting off important life events, because the money (after paying all of those student loan bills) just isn't there? Take heart, you are not alone. According to Michael T. Snyder, author of the blog appropriately titled The Economic Collapse, two-thirds of all college graduates carry student loans. The average amount of student loan debt is $25,000, and for many students who had to rely on financial aid the numbers are significantly…

with over $25,000 in student debt, a 25% increase in the past ten years. The amount of student debt has risen at an alarming rate in the past decade. To put things in perspective, Americans owe more money in student debt than credit card debt. It’s important to closely evaluate the causes and effects of rising student debt in regards to its influence on America’s youth and economy. The student debt crisis is more apparent today than ever before. With student loan debt in excess of 1.3 trillion…

Step 1 of 7 Steps to Financial Freedom: Set Goals People fail in life because they don't know exactly what they want to do, have or be with their life. They might say that they want to make a lot of money or would like to live in a big fancy house etc, but the truth is they don't really know what they want. These are just day dreams they're not definite goals. The first thing you need to do is grab a pen and paper and write down what you truly desire. Dream Big - What would you have or do if…

Opening a new business is one of the most exciting times of anyone’s life. The initial stages are full of questions you’re excited to answer and decisions you can’t wait to make. For some, this excitement continues as the business grows and the opportunity to succeed becomes more solid with every new day. For others, the questions get more difficult and those decisions they used to wake up in the morning so excited to make start to get postponed and pushed off because the choices all seem…

start making payment within months after their graduation. There was an initial displacement as people who graduated from high school thought that they could all benefit from students loans to get a degree then they would find a job to pay their debts. Students’ loans created opportunities for students who wanted to attend college, but could not afford the cost of attending it. As the first generation of students who attended college started graduating and making money, it became a…