Case Study: The Trap Of Student Loans

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

Children cost money to take care of, but so does their education. College graduates with children who are planning to attend college have to not only pay back their debts but their children’s schooling too. Once those children graduate then it starts the cycle over again. Moral of the story is that college is a ripple affect when it comes to money all because of the timing of debts being

Some colleges are charging the tuition price of a big name college when they are not as well known and the degree may not go very far. Recently students are (taking on more debt) than they can pay and end up not being able to pay them off (Hacker and Schlesinger). When students graduate college most of them will have debt that they have to pay and many of them can’t pay it off. In highschool people and teachers stress that students need to go to college and it can (cause a sense of panic) in the highschool students (crawford). By putting pressure on high school students they often don 't think about the tuition they have to pay to get in, so they take what they can get to get into college.

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

For a student from a high-income family, the amount of aid will be significantly lower, and the overall cost will be higher. Some say that this would spark controversy because most students would be paying off the costs after their undergraduate years instead of their parents doing it for them. There should be no reason why colleges should raise or lower their prices based on the income of every single future student. I can recall the time when I was applying to colleges. Out of all the seven I applied, I knew I had to pay my share for five of them.

It is unbelievable on how high the college tuition has increased, the rates in percentages have gone up fairly quickly, it is also unbelievable on how the increase in college tuition can impact high school students career by just simply saying that the are not going to college because it is way to expensive for their budget. No matter what college tuition is going to continue to raise if the Federal Government and Congressional leaders do not take more action into helping out students and families who need help with paying off college tuition and college debts and cost. Although the government does help families that are in need of financial aid to send their kids to college, there are many solutions into helping the college tuition decrease or at least expensive like having the Federal Government and Congressional Leaders have action and impact the decrease in the tuition, Students can also get scholarships and lastly there are many different groups that can help out with paying off college tuitions. The college tuition has raised drastically from the years of 1974 to 2015 the tuition has gone up by 1%, it is just 1% but one percent is a very large number when it comes to paying off college tuition

But in recent years the subsidies haven’t been catching up with the cost of living in America which forces the colleges back to having the students pay most everything they do on campus (Rampell, Catherine.). Moreover for the poor of America who can’t afford to go half ends up still poorly. Giving the stone cold truth college is not a choice anymore. That if people want to move up the ladder to a decent paying job where they can support themselves and their family college is the only true means of doing

And in between, students are driven to take low paying and high paying jobs against their own consent, their interests are altered, personal decisions must be taken according to financial situations, and people dare to reject education (Choi, 32). Student loan debt weighs on billions of shoulders in the world and it is nearly impossible to be oblivious to all the harm that it has done and all the factors it takes part in affecting that it shouldn’t. If awareness could be raised and colleges would only consider to at least reduce tuition rather than eliminate it, that would still help do the nation well and commence improvement. An education must serve to inspire imagination and to motivate creativity in as many fields as possible. A society that is excellent is a society that presents opportunities for each and every member.

According to David Leonhardt in his article titled “The Assault on Colleges - and the American Dreams,” the average college student isn’t fresh out of college “The typical college student is also not fresh out of high school. A quarter of undergraduates are older than 25, and about the same number are single parents. These students work

Juggling school and finding a source of income is a prominent issue amongst undergraduates, and it is one of the main reasons that excessive amounts of undergraduates are dropping out of community college. Of course, anything adding to the dropout rate is a serious issue and should be solved appropriately and quickly. Politicians and other important leaders in the United States of America are implementing laws and bills that will benefit undergraduates who are striving to pay for their education. Tugend writes, “Bills are pending in congressional committees to carry out President Obama’s America’s College Promise proposal to make community colleges free to responsible high school graduates.” These bills will drastically help college students who cannot afford to pay for their education.

Without these numerous factors that vary vastly among different colleges and universities one simply may not assume every student that finances a loan goes into long term debt. College admission may be a hard decision when it comes down to price. Many other students fail to attend their dream school due to the financial struggle. Ultimately there are students that pay the full price for admission no matter what the cost just to attend their dream school. To many students college is worth the price for admission.

So many student borrowers are falling further and further behind in their payments, postponing purchases of cars and places to live, or putting their social lives on a shelve. Jason Delisle, who wrote the New America paper, “blames skyrocketing graduate school debt on changes to federal loan programs that essentially allow grad students unlimited borrowing. The more students can borrow, the more schools can charge.” Americans almost universally believe that a college degree is the key to success and getting ahead—and the data shows that, generally speaking, college graduates still fare far better financially than those with just a high school diploma.

Totally wrong and unfair. As an example: Yale 's endowment is now $23.9 billion as of June 30, 2014, net of spending. The University benefited from investment gains of approximately $4.0 billion. Yet how many students will be able to EVER pay back their loans that go there. For those reading this, google any college 's endowment value to see what I mean.

In America there is a very real financial divide among the people. Financial stability starts with education, although a large portion of the American population cannot afford it. Depending on your parents economic standing you may or may not be able to afford college, among other things. College opens the door for many opportunities, including having the capacity to provide for your family. Various authors today are still writing about the ongoing issue of poverty and the ways to climb out of it.

It may be necessary for you to consider student loan consolidation. When you were busy in college with your studies you probably did not give much thought to the pros and cons of having multiple student loans. Chances are you took out different student loans with different variables. Some of your loans may have a fixed rate while others may have a veritable rate not only that, you probably have different repayment terms for each student loan you have. Have multiple student loans and having to make multiple payments throughout the month can wreck havoc and cost you hundreds of unnecessary dollars each month.