Student Loan Debt

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When people think about college the first thing they think of is not student loan debt. They think of getting an education that will help them provide for the lifestyle they want to have in the future. Most college students will end up using student loans to help pay for college; but is using student loans going to effect those students in the future? Student loan debt can prevent students from going to college, can hurt adults financially, and they will never go away. As time passes college continues to become more expensive many low-income families cannot afford to send their children to universities without the help of student loans or scholarships. Applying for students do not just stop after freshman year, this process goes on for the whole college process. Many loans increase as the student progresses through college. After college is when the students have to start paying back the money they borrowed during school. When paying for this they not only have to pay the $5,500, they also have to pay the interest rate. “The fixed interest rate is 5%, and loans to undergraduates go up to $5,500 a year.” (“What you should know about student loans”). The increasing rate of interest is what scares most people away from applying to student loans. With the …show more content…
“According to an Associated Press analysis, 53 percent of recent college graduates are either unemployed or not putting their degree to use.” (Lewis and Zaidane, 587). Most graduates are also having a hard time finding jobs due to the weak job market. This is making it harder for them to make their payments on time. This can also prevent most adults from purchasing a house or starting a family. Most adults call off any future plans due to their debt. Making a payment late or having one overdue can affect an adults credit rate and make it harder in the purchasing of a new car or anything involving a good credit

Student Loan Debt

average students end up paying in student loans in North Carolina for their first year. 61% of students that come out of a four-year university in North Carolina end up paying almost six times that much when they get out of school depending on how long they stay in school(Friedman). Now some students end up paying more or less depending on their specific situation. The government now is very much running out of money to supply students with for their education. The national student debt is $1.31…

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Student Loan Debt

Why does student in college try tried to borrow money for the loan and what good it would would it be if you have to pay the loan back later? Student loans debt is a major problem in this society. It has escalated over the years as more people attend to college. Americans postulate that going to college give them great opportunity of success in life and earn better salary. For example, people who live in low income level are more likely want to improve their life and security. However, going to…

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The Importance Of Student Loan Debt

fear of enormous amounts unpayable student loan debt. Currently in the United States, more than 40 million Americans hold student debt adding roughly to about 1.2 Trillion dollars. The average student loan debt grew 56% over the past 10 years.The population with student loans is actually greater than the entire population of Canada, Poland, North Korea, Australia and more than 200 other countries. Matter of fact, senior citizens have $36 billion in student loans.…

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The Pros And Cons Of Student Loan Debt

practicality becoming the new student loan debt relief option? A college education is part of the American dream in finding the 'perfect' job to support growing families. Earning potential plays a big role in choosing a major. Employment opportunities and salaries are key factors in choosing not only a major but also which school to attend. It is hard to avoid the idea of how money plays an even greater role now in selecting a college to attend. With the recent federal student loan interest rate increase…

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The Effects Of Paying On Student Loan Debt

Nobody wants to invest their hard earned cash into debts from weeks, months, and even years ago. Student loans comes backs to haunt you even after you’ve received your degree. Two-thirds of all students are graduating with debt, and the average amount owed is over $26,000. Paying on student loan debts is just like paying for a mistake you made long ago, it burdens you long after. According to National Center for Education Statistics college education costs can range anywhere from $23,410 to $46,272…

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How To Reduce Student Loan Debt

analysis, 53 percent of recent college graduates are either unemployed or not putting their degree to use” (Lewis internet). However, attending college can guarantee a near insurmountable mountain of student loan debt that one has to pay for out of pocket for the rest of his or her life. Student loans can cause a variety of problems for individuals. They are not only a financial burden, but they also stop many people from even going to school. The cost to attend a public university has doubled since…

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The Negative Effects Of Student Loan Debt

There are 44.2 million people with student loan debts. America is 1.26 trillion dollars in student loan debt. With these statistics many people do not even bother trying to attend college. As you see when people do try to attend college many drop out or when they are finished they are left with this devastating amount of debt. The cost of college is too high for many reasons like tuition, fees, books and overall it is too expensive because it is difficult to make a living off of minimum wage. Most…

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Student Loan Debt Affecting My Life

Student loan debt can hinder certain things in your life “Debt costs you time in savings ,pushes back when and whether you can buy a home,start a family ,often a small business or access capital”(Denhart 2). It's even harder on minorities and student loans are their only option. According to “The Disproportionate Burden Student- Loan Debt On Minorities “ In 2013 42 percent of African American families had student loans compared to 28 percent of white families. Some people may think student loans…

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Argumentative Essay On Student Debt

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…

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Persuasive Essay On Student Debt

Student Loan Debt There is not a day that goes by a student or graduate thinks about their student loan debt. Everyday when you check the mail you may dread going to the mailbox because you're afraid of the bills that lies ahead. People enter and attend college to have a career to be able to support their family, and to be great at what they do. Gaining a career is simply to better yourself and not to be in debt. Students work hard to pass and graduate so that their dreams can come true. In 2017…

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