Argumentative Essay On Student Debt

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Student loan debt has been a controversy for several decades, but it is now at one of its most critical point of discussion. With the presidential election happening recently, student loan debt is a major debatable issue. Student loan debt is a term that seems financially unstable and it is as we know it. Debt accumulates on many different loans and credit card payment, so what is the different when dealing with student loan debt? There is not a different. Student loan debt increases the same way other loans do, but it sometimes even has a higher interest rate. The question here is the amount of student loan debt too much for an average citizen and family to handle. I believe that student loan debt has its own way of increasing and statistics …show more content…
There seems to be a chain reaction leading to an increase in the delay of post-college life. That is what we can think; however, many other factors combine with the original student loan can cause the price of debt to become much higher. As a result, student loan debt is becoming higher due to interest, inflation in loans, and postponement for the repayment of debt. With all these factors, the loan can double the amount it started with. Student loan debt is like a Venus fly trap that doesn’t release once it gets a hold of …show more content…
Mitchell D Weiss, a co-founder of the university’s Center for Personal Financial Responsibility, cited released reports from the Federal Reserve Bank of New York, stating student loan “make up only 10% of all consumer debt”, but the “past due student loan payments total nearly one-third of all seriously past-due debt payments” which is shocking (Weiss). The late repayment causes the student loan debt to be much more than it originally is. Even a student loan under $10,000 can become too much to repay at the rate past due payment

Argumentative Essay On Student Debt

painful reminder of my piling student debt. Though my parents reassure that I am not alone on this, my epiphany regarding this issue motivates me to finish my last lecture of the day. As countless students are victimized by their student loan debt, scholarships should be revised to fit their needs and a feasible job should be secured for each graduate. (and Federal Work Study should be mandatory...solution). Scholarships should be improved to be more applicable to students. In some ways, the way scholarships…

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Student Debt Argumentative Essay

college debt. The truth is, college is an excellent benefit overall, and student debt doesn’t cause lasting harm. While college debt can be a problem for some, college is still a crucial part of a thorough and well-rounded education because it supports financial success, a sufficient and well-paying career, as well as excellent critical thinking skills. While…

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Decrease Of Jobs In The United States

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Zine Persuasive Speech

make college debt free.” The first step is create a tuition free college plan at public and private universities. The next step would be to prevent the government from profiting off of student debt, and the third would be to “substantially cut student loan interest rates.” The fourth and fifth steps are to allow students to use today’s interest rates that are lower than the normal 5-7% and to provide work-study programs and financial aid to all of the lowest-income students. Student debt is not as high…

Words 2684 - Pages 11