Student debt

to me to come into literature and studies regarding student loan debt literacy. The terms used were money managing and financial education and literacy. Although not much is presented with regards to previous literature review, the authors acknowledge the fact that there has been an increasing debate about the burden of acquiring school loan debt. The purpose of the study was to examine the effect of generation status on student loan debt literacy. For clarity purposes, the researchers…

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…

college looms closer, student debt rears its ugly, giant, one-eyed self; while it has been docile for the past three years as a mere sheep herder, suddenly it has sensed I have landed on its shores and has launched itself at me full-speed. You hear stories of this monster and you hear of those who have overcome it heroically; unlike them, you then may think you’re not strong enough, or smart enough, or agile enough, but we are all going to have to face the monster anyway so us students might as…

As I was thinking about college student problems for my Proposing a Solution Essay, I realized that student loan debt has become a major problem. In order to afford their education, students consume overwhelmingly large amounts of loans. At the end, loan debt becomes a burden on them as they compelled to make payments after graduating and suffer from a lifelong marriage to loan debt and potential financial hardship. Due to this setback, it is hard not to wonder if college is even worth it. At…

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…

understand on the student debt crisis. I learned that loans once helped…

comes to accumulating debt, college students take the cake. We borrow money from the government so we can pay for pretty much everything. As soon as we sign the promissory note we are set with loose instructions; all loans must be used for school expenses. Realistically, as soon as you go to college most everything becomes a school expense. The basics such as tuition and books are covered in our loans and then we are left with the rest. If there is any left over money, many students go hog wild…

In this article, A lifetime of student Debt? Not Likely, Robin Wilson argues that student- loan borrowing is threatening the financial future of today’s college students. According, to Michael S. McPherson, an economist and president of the Spencer foundation, students “more often, the problem among students who go heavily into debt is that they are determined to attend their dream college, no matter the cost.” His argument is that students who attend the best colleges will enroll no matter how…

The Growing Problem of Student Debt A question that always seems to come up at the dinner table when a senior is finishing their last year of high school is that of, “what college are you going to choose and how are you going to pay for it?” Although both questions are kind of hard to answer on the spot, one is more difficult than the other. Most high school students struggle to come up with the finances to pay for college. The sad part is that everyone needs an education to have any sort of…

The issue on student debt has caused many discussions to let the student have more money go in their pockets to handle the debt at the end of their college career. Even the president and many others had a story to tell about their experience with debt after college. The president spoke to the students of UNC about debt and how it can be solved. He provided a backstory of when he had worries about if he could get a good job, get married or be able to handle the mortgage and bills for a house. It…