“With more than $1 trillion in student loans outstanding in this country , crippling debt is no longer confined to dropouts from for-profit colleges or graduate students who owe on many years of education”. Students or future college students are struggling to figure out solutions to pay off college debt. With rates increasing every year , it is becoming extremely difficult to receive an education and overcome tremendous debt at the same time. However , there are several possible solutions that can help solve the issue of high tuition fees. The first solution is to attend a group called the Scholarship Sharing. It is an organization that discusses strategies on how to receive multiple scholarships and grants to reduce college debt and funds. Another solution is to get a part time job as a high school student to get a head start on future college debt and funds. The third solution would be to receive student loans from the government to pay off tuition and fees that quickly arise. Attending Scholarship Sharing would be an excellent solution …show more content…
The best solution is to join the Scholarship Sharing organization created by Lorraine Santalucia. Her solution will benefit any student dramatically because it can help any student graduate debt free. Her strategy is extremely efficient in time while attending college , meaning that no time is wasted for saving money for future college education. In the article it says , “ I would apply for 10 to 20 scholarships at a time “ (Gormus 11). The amount of scholarships that is acquired is added up to a great amount of money that a student can use towards their college education. Santalucia says ,” Its worth it to apply for every opportunity , even the ones that are small and may not be a lot to you. If you get a $500 scholarship , that $500 you didn 't have before “ (Gormus 12). This is the best solution because it has absolutely no negative , but the opportunity cost is using your free time to fund for college fees and
In the short story A Lifetime of Student Debt? Not likely. Written by Robin Wilson, he goes into detail of the crises of college debt in the United States. The first point being made is on how students over barrow student loans. Some of the students come from low income families, and they are the first generation to ever attend college.
I agree with the goals of the affirmative side. But, we need to provide relief for new college graduates. But this bill doesn't get us there so please negate. If we want make a cushion for the students, then we need to make a bigger one. The national student loan default rate, 11.8 percent a year ago, stands at 11.3 percent.
According to the last recording of student loan debt, the total amount of the United States student loan debt is roughly one and a half trillion dollars (A look at…). Statistics like these present the urgent need to resolve the major financial issue of student loan debt. Solutions have been given by many people to solve this issue but most solutions fail. The main reason behind student loan debt is falling to far into debt to the point where it is almost impossible to come back. The origin behind all of this is a lack of a student loan amount cap.
While education can open doors to your life, having the initiative to be successful is what really counts. I am determined and I have the desire to study Business but am lacking the financial support needed to achieve my goal. The Plant City Lions Club Scholarship would help me by giving me an opportunity to pursue my dream career. My desire is to be able to study in order to work and give back to my parents who have helped me accomplish graduating from Plant City High School with honors and with a weighted GPA of 4.7321.Receiving financial support will allow me to make a difference in the challenging world of Business. My parents have always supported me in everything, but unfortunately they cannot afford my college tuition.
These included with some saved up money can help Americans graduate debt free. As Americans we have been taught by society that student loan debt is “good debt”. This is extremely untrue considering the statistics showing that millions of Americans can’t even afford their monthly student loan payment. America alone has over one
In an effort to reduce this crises, financial experts believe that students should be permitted to use pre-tax income to pay off student loans. Parallel to the transit assistance and 401 k pre-tax incentives, many Americans believe that authorizing scholars to use their pre-tax dollars to pay off their student loan debt would have two massive benefits. First, it would help recent graduates with repaying their school loans while expanding their economic activity. Secondly, it would benefit local, state and federal governments through improved economic growth, cost-reductions, and employment opportunities. Even more, lawmakers are discussing the possible implementation of an act called the Employer Participator in Student Loans Act that could significantly decrease the student loan debt in the United States.
In 2014, just a bit over 70% of college students graduate with $33,000 in student loans. This number is staggering and why student loan debt has become such a hot topic of debate in the United States. In the meantime I think we, as students need to be a little more involved in our future and the college process rather than placing the burden and stress solely on our parents. There are various things I can do to reduce my student loan debt and avoid the stresses after I graduate college.
To begin with, I want to speak out about how influential tuition debt can be when deciding between continuing graduate school versus dropping out entirely. Prior to entering the Air Force, I was attending graduate school at a private research university at Case Western Reserve University in Cleveland, Ohio. Before I enrolled at Case, I was already in substantial debt to begin with. I had lost all my financial aid in my sophomore year due to an error from FAFSA, which forced my hand to pay tuition with credit cards for the remaining semesters until I sorted it through with FAFSA. I ultimately had to take private loans and borrow more money from credit cards until FAFSA reinstated my loans which came too little, too late.
The total U.S. student loan debt now surpasses $1.2 trillion and there is more than 40 million recipients owing on federal and private student loans (Malone). Most of the college students in the United States can’t afford their education by themselves and, as a result, students end up drowning in student loans in order to earn a degree. Student debt is a major problem in the US, and it is a major influence on the gap between rich and poor. A more accessible college education would help reduce the gap between rich and poor in the United States.
The financial burdens that college leaves with the families and students needs to be addressed as student loans keep racking up over time. The cost of tuition for colleges has risen drastically over the years and has bounded students to only one or two college choices to choose from and at some points tearing away the opportunity to go to their dream college. However, one reason college has driven up in price is because the value it brings with it’s degrees, but it should not limit those who can not afford the worthy degree. College should be cheaper as it will ease financial burdens and broaden the choices of those wanting to attend
Every student's circumstance is different; therefore, they should all have different solutions. Some students do not enjoy of a good economy, which provokes them to borrow more money than other students. Also, there are some students that will study careers that do not have a great income, or are very rare in jobs. Their solution would be to maintain the cost of student loans at a reachable price. In this case, every student would be able to pay off their loans without any
Have you ever owed someone $20? Well, imagine owing someone $100,000+ . Many students every year are left in crippling debt that can affect them for the next few decades of their life. Because of the cost of college, many students fresh out of high school can’t go to college. In order to make it easier for the lower-class to go to college, you should do at least one of the following things.
Society often believes college is a necessary experience for a better future, but I argue that the future will not be any better when student debt becomes a part of life for those who follow that mainstream belief. Most parents often dream of the great colleges and universities that their children will get accepted into; however, they fail to think of the cost to attend those institutions. Financial aids! Financial aids! Yes there are financial aids that students can apply to lessen the student debt.
My parents always stressed how we should do our best and have to work for the things we want. Growing up I learned this doesn’t come easy. As everything college is upon us I have reflected on these principles and pondered how I will come up with the money for my college education. The clear cut answer is scholarships. You will see in this essay that I am a worthy candidate for this scholarship.
A part-time job will not amount to the cost of school and living. Although costs are universally high, some of the cost may rely upon the location of the student in relation to the location of the school. Although there are no solutions to the financial challenges of a college student, there are ways to cope with the issue. The best ways to limit financial stress are buying used textbooks, eating at home, applying for scholarships, applying for financial aid, and making a weekly budget plan. Scholarships and financial aid are given to people who qualify; however, these aids do not pose solutions to the problem.