Drowning in Debt: What are the Consequences of Student Loan Debt in the U.S.? Student loan debt has a big impact on students decisions, student debt influences a lot on how they spend their money. American Student Assistance (ASA) recently made a survey, with this survey they found out that the Students with loan debt are postponing important decisions in their lives. Many of the students that participated in the survey are waiting to buy a home, get married, have children, save for retirement, and some of them haven’t been able to enter the career field that they wanted all because of their debt. Student loans were created to help out students who want to go to college by giving them money that has to be paid back.
To find this information, I will look for university financial records from credible online sources. I can even specifically search for the University of Oklahoma to discover how this issue would impact our own university. Secondly, how would the payment of student athletes affect the athletes themselves? Finding stories and articles from credible news outlets on their mindset, performance, and values when pay becomes involved will be crucial in finding the influence of money, especially on young adults. Looking at the other side of this issue, if student athletes were to get paid, whose job would it be to pay these student athletes?
Avila 3This sprouts from a system that glorifies attending college rather than learning skills that will aidyou in the workforce. Students re taught to follow rules rather than to analyze and question themin order to develop thoughts that could bring revolutionary advances in the future, thus deprivingstudents from achieving success (Issues and controversies).Another aspect of college costs is whether or not it is worth it for students to burrythemselves in debt in order to end up with an average job and earn an average salary with whichit will take you years to pay of your loans. Today there are too many students in college thatshouldn’t be there, many are just there to earn a piece of paper that will make them employable(Bennett 129). Students
It would be really helpful for some students to get some extra money. An associated press article, “Paying college athletes fits modern reality”, explained that some students come from poor families. Why not let them earn some extra bucks? It states, “They might be sufficient for students with academic scholarships, who can supplement their income by working after class. Athletes often can’t.” This shows that students who come from poor families can’t work after classes even if they wanted to because of practice.
Thousands of people who graduate high school consider the option of going straight into the work force or going to college to further your education. However some don’t consider college because of the cost of tuition. College is worth the expense of tuition because even though student loan debt and tuition can be a problem there are ways out of that situation. The first reason college is worth the expense of tuition is that Scholarships help pay for school. If your heart is set on a certain career and you want or require a degree, you can use those scholarships to pave the way to your dreams of having a lifelong career that you furthered your education for.
In fact, one of the central purposes of this essay is to encourage individuals to get a college education. For pupils wanting to attend college, there is FAFSA a government assistance to assist with low-income undergraduates attending college. A numerous of low-income undergraduates often become in debt attempting to acquire a degree from a four-year college. Meanwhile, I coincide with the Should Everyone Go to College? piece.
The money they must spend for supplies, they could be buying food and things it takes to survive. When you get a student loan -- a way to go to college and slowly pay on the student debt--and some people are unable to pay theirs and the only thing that you can’t file bankruptcy for is student loans. In order to go to college unless you live in a small town you must have a way to travel. This means that you have to have a car or other means of transportation. The student loan is 1.27 trillion dollars
Check out details from your college authorities today. Scholarship based on financial need of the student- There are times when some students would need to be supported with financial aid to complete his or her studies and in this case, needs based scholarship will be provided for him or her so that the financial need of the student will met. The likely factor that may qualify you for this type of scholarship is your poor family background. If you are finding it difficult to continue your college education because factors beyond your control, you are likely to get this type of
Should college athletes be paid? I think they should. I found three main reason why other people and myself think that college athletes deserve pay. One, you can just pay the sports that produce the most revenue. Two, these student athletes put in lots of work and even sometimes have to miss class to go to the sports event.
A problem today that the world is facing are college loan debts. As of June 8th, 2015, there is more than $1.2 trillion in outstanding student loan debt. Students go to highschool to get a diploma, and then to be eventually accepted into a college. College is supposed to provide education for students so they can prosper and ultimately start a career in the topic of their study. When they go to start the path of finding a career, they find instead piles of debt from 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.