Lessen College Debt Why is college debt so much? This is a question most teenagers and even adults examine to see what kind of debt they will be getting into. It’s 2018, and one of the biggest financial problems right now is student loan debt. One example of why it is a burden is because the average student loan debt in the U.S. is $39,400 (Kantrowitz). This is a massive amount of money teenagers have to pay toward FAFSA. Even though it is possible to get a degree, it doesn't lead to a guaranteed…
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Drowning in Debt Getting into college is a huge accomplishment in anyone’s life, but no one seems to prepare one for the stresses of student debt that come with it. A student loan is designed to help students pay for university tuition, books, and living expenses. It may differ from types of loans in that the interest rate may be substantially lower and the repayment schedule may be deferred while the student is still in school. In the past decade, student debt has surpassed $1 trillion, an increase…
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along with your degree. This is the scenario many students face after graduating from college/university. Even though this may not happen exactly like this, the student debt is certainly real though. Many students are faced with little choice, other than to finance your future and go further into debt to strive for greater. The average student loan debt was more than $27,000 in 2012 which has more than doubled since 2007. In this time defaults on loans has also doubled over this same time frame (Ross…
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go to college. However, it is up to the college’s decision to decide if whatever they might accept you or not. They might help you get a college degree if you do well in the classes. But not doing well in college negatively impacts your future, which generates a lot of stress. Paying the college tuition cost is the issue that you must apply for financial aid, scholarships, and/or student loans to cover it. When you think about going to college, it might be the deciding factor for your future. If college…
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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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Should the United States Congress pass the S.2432 Bank on Students Emergency Loan Refinancing Act because of the constantly rising student loan debt that is affecting millions of college students trying to find and create jobs for the future and stimulate the economy, or should the United States Congress not pass the Bank on Student Emergency Loan Refinancing Act because the federal government should not be as involved in private student affairs, instead letting the private sector take over, and…
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compete/survive in the working world it is important to get a good job. To get a good job it is important to get a good college degree. But here is the problem, college is way too expensive. Even when college students become employed most of their pay goes to pay off their student debt. Students cannot get a good college degree because they don’t have the money to get into college in the first place. They lost before they even begun. The price however can be reduced through scholarships and grants…
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Breanna Carter Eng 102 10am College – Is it worth it? The cost of college is becoming an issue all across America. One of the major pieces to becoming successful business men/women is receiving a college education. Right now in our society a college education is no longer an option or privilege, but rather a necessity. We are practically raised to believe that one needs higher education in order to succeed in life. With increasing tuition prices and job loss, the college dream is slowly and surely…
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Lenders of student loans, grants, and scholarships have several different qualifications. An enrollment process requires information to help make the decision of one’s acceptance in addition how much aid available is based off of many things. One being the students yearly income or guardian’s income. Not all parents are able to provide financial support. Government Funding for student loans should not be based on parents income. Having parent income play a role in the acceptance of a loan or grant…
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Mr. Raspa Composition 1 14 November 2014 Hope in Courageous Adjustments In “Strapped,” Tamara Draut contends that sacrificing values in order to make a profit, a lack of opportunity, high student loans and easy to attain credit has programmed this generation to acquire debt early. This leads them to accept debt as a way of life as they are catapulted into a vicious cycle of repayment and survival; all while being criticized by the generation before them. Throughout the excerpt, Draut has proved…
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