Life and Debt

The main debt solutions available to residents of Scotland are as follows; Protected Trust Deed. A Protected Trust Deed is an agreement between you and the people you owe money to (also known as your creditors). It works by you agreeing to REPAY A PERCENTAGE of your debt in one affordable monthly payment over a given time (usually around four years). Once you’ve made your final payment, the remainder of your debt is written off. You’ll still have enough money left over to live your life after…

The rich rule over the poor, and the borrower is the servant to the lender. (Proverbs 22:7). The less debt you carry, the fewer people there are who can force you to do things with your money you may not want to do. Your house, your car, and any other asset you have pledged to a debt are not really yours to control while someone else has a financial interest in it. Everything is fine until you stop making the agreed payments and the item is…

The U.S. student loan debt is a surging issue for young Americans. Striving for a post-secondary education will offer better job opportunities, although the financial responsibility of paying for the degree can weigh heavily on individuals with little to no income. Aid is provided to benefit students who need financial support via grants, scholarships, and loans. Focusing on loans, a student is offered government institutional loans based off of Expected Family Contribution (EFC). Every year…

The Different View of University tuition It is often said that students need a lot of money to graduate the university. Both the articles, “Are Colleges Worth the Price of Admission?” by Andrew Hacker and Claudia Dreifus and “A lifetime of Student Debt? Not likely” by Robin Wilson, argue that students need not go to an expensive university to avoid over borrowing. According to Hacker and Dreifus, we can get a high-quality education; nevertheless, tuition is cheap. As the authors themselves put…

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,…

than private or community colleges. They offer more social clubs where students can feel connected and part of something bigger. Many majors and minors are available at public typical 4 year- institutions. Many public universities have a fun Greek life and have many attractive facilities that draw students’ attention. Tuition is high in many public universities no matter where they are located. At Murray State, the undergraduate full time Kentucky resident student would pay $3,804.00 per…

education institution. Generally, with a college degree it opens many more doors and opportunities for a better life. Over the years tuition cost throughout the country is dramatically rising. In America, college is expensive, and leaves a very large number of students leaving college with a lot of debt. Student debt is something that often times are being paid off for most of their life. After the recent 2016 presidential election, some candidates and former president Obama, think that there…

Student debt is an epidemic that has taken over the nation, and students are unaware of its ramifications. Schools know that students are willing to pay the high costs for a quality education, however, students do not always know how to pay for their schools. A part of this problem is that students are unaware that there are options other than student loans, there is a way to minimize their impact, and students believe many myths about scholarships that discourage them from seeking them out.…

Banks and other financial institutions that prey on college students by giving loans for colleges are relying on the fact that you might not know what the loan might entail for you in the future. If not explained properly, your small little debt might grow to become a huge one with the interest accumulated. Without the proper financial knowledge, loan will become an obstacle in obtaining a quality education. In past eras, money was utilized for all intents and purposes for every purchase. Today,…

Student Loan Debt and the Economy Ever since the idea of going to college was created students have always worried about how they were going to pay for it. In 1958 the government thought of a solution and the first federal loans for college were introduced (New America Foundation). shortly after former students started to struggle with paying them back, 57 years later students are still fighting the same battle. with interest rates and the costs of tuition rising students are still encountering…