Pros And Cons Of Student Debt

The important information that all college students and families should know is how much will the education cost and will they be able to repay the loans after graduation. “Perhaps the most important mathematic exercise your child will ever have to do—and the most widely neglected—is figure out how much it will cost to pay back her student loans” (Bodnar, 288). Knowing the total amount of your education and how much the monthly loan payment will be after graduation will before entering college is very important and should be considered before entering your chosen university. This topic is important because many college graduates have a hard time finding jobs where they can earn enough money to pay back their loans and still have enough money to pay their monthly bills. Many student go into default on their loans and have their wages and income taxes garnished and this will affect them for years to come when they are looking to start a family or buy a

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. Overall, this issue affects most people living in our world today and must be fixed for our generation and generations to come.

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.

In this day and age, it is assumed that the majority of high school graduates will be attending college, whether a two year community college or a four year college or university. The problem with this expectation of young people is that college is expensive, which is why numerous people are pushing towards free college for all, not just for the academically talented. While overall publicly funded college is unrealistic, this country could slowly overcome this issue of college debt by providing more two year community colleges across the nation with the tuition of these community colleges drastically reduced.

College is one of the most important and life changing times in the life of an American. Leaving high school behind and venturing out to the adult world is an amazing experience that every individual should experience. However, young adults from every corner of the country leave college with crippling debt or do not go to their preferred college of choice. College education should be cheaper as it will help families and students financially and give them the satisfaction with having the opportunity to go to their first choice for college.

The current event that I feel affects today 's American Dream is high priced homes on the Market. I think that this is affecting the American Dream because infiltration of the house prices skyrocketing. The price of homes is so high because of the law of supply and demand, and the economy in San Diego. Houses being this high in price is forcing people to downgrade and live in a different neighborhoods. I think we can all agree part of the American Dream is to own your own home. With today 's market, it is hard to get a good and fair price on a home.

Currently, the U.S. has accumulated roughly one trillion dollars worth of debt from student loans. (cite) But, what if student debt was forgiven overnight? Now if student debt was eliminated all at once it would be an enormous expense for private lenders and the federal government. Yet, people continually suggest the dissolution of student loans with a one-time payment plan from the government. This notion seems politically appealing for those on the left wing side of the argument, but overall no one wants to accumulate debt. Many of the young progressive college students and graduates would love for their student debt to dissipate. Student debt has become a crushing and often unavoidable generational crisis. But why not just forgive all that

So many successful adults till this day are paying back their college debts. Over the years, some are able to pay back their debts in college and others are not able to and are still struggling, due to having to pay other debts that they may have. In some cases, some people drop out of college just so they will not have to owe so much money, but to drop out for that reason is not good. There are several of ways to stay away from college debt and that is getting scholarships, saving money before going into college, and also attending a community college instead of jumping to a university.

Student loans can be helpful, but when it's time to pay back, it can lead to future mental struggles and be stressful and hold you back from living the life you want to live in the long run. The student loan debt crisis in now only taking a huge toll on the personal lives of many Americans, but on the economy as well. Whether or not students graduate or not, if they pulled out student loans worth $200,000 they remain in debt for a remainder of years. As the problem continues to grow it becomes more and more critical to find a solution to help the well being of everyone in the nation, student or

Ana Lucia Urizar, author of the article titled We’re Being Punished by Crippling Student Debt presents the argument of Student debt and the importance of remedying this topic otherwise face future detrimental effects. Urizar provided statistics suck as the average amount of loans in dollars the class of 2015 had taken out. Ultimately, Urizar’s main argument is that something needs to be done about the exorbitant cost of attending college because it is impeding graduates’ careers, standard of living and ability to fully engage the economy. This argument does well providing strong statistics found through credible sources such as The Wall Street Journal, however, the article failed to provide a counter-argument or different viewpoint regarding

Is a college education worth the student loan debt that accompanies it? Some argue this point but the salaries that come with a college education, with a degree, can pay this debt. The salaries for a person with a degree and college education is higher than those who have not attended college or have a degree (Bielagus).

Student loans is the second highest source of debt of $2.1 trillion dollars in the U.S. economy right now. This student loan debt is not only affecting the entire economy as a whole. In America, people believe that earning at Bachelor’s degree is the key to success in order to be financially secure be set in life. However at the same time, the cost of tuition has skyrocketed, and the borrowing of loans rise with it. The rising of student loan and debt will reduce consumption, lower investing, lower the rate of home ownership, and overall make it difficult to sustain financial stability.

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. Student Loan Consolidation Makes Sense If you are experiencing difficulty making your monthly student loan payments you may want to consider

The introduction, the thesis, the body, and the conclusion are necessary for an essay to be effective. Some authors are able to produce such an essay, but others are unable or choose to make an essay without the necessary parts. Two authors debated on the subject of student loans and both had different views. The first author is Robert Applebaum who is a graduate of Fordham University School of Law and his essay is titled “Debate on Student Loan Debt Doesn’t Go Far Enough” republished in 2012 talks about forgiving student loan debt and why there is a problem he states, “Adopt legislation that forgives excessive student loan debt after a reasonable repayment period”. The second author is Justin Wolfers an economist who graduated from Wharton

Rising college tuition costs is an issue that hits close to home for many of us. Being a student, will always coincide with money struggles. During ones college search, numbers are all we are told to focus on. These numbers include ACT scores, GPAs, AP tests scores, and the biggest number of all, the cost of college itself. The rising cost of college has three main effects; debt through student loans, less people attending college, and an increasing number of college graduates moving back home. Raising tuition year after year will cause a drop in applicants and affect current students’ retention rates. That is because tuition is already at an all-time high, making it harder for underfunded students to even think about entering higher education.