Student Debt Problems

998 Words4 Pages
The moment a person enters college, they find themselves stranded in a financial vacuum called student debt. The typical American making an average salary struggles to keep up with their student debt. Getting a job straight out of college is not a common opportunity anymore. Meanwhile whether a person is employed or not, loans start to become due shortly after they receive their degree. With loans underway and no job to pay the bills, this causes great stress on the individual and their family. In order to decrease this panic on our students, college should be affordable for the American people by raising the amount financial aid gives out, providing government paid for bachelor degrees, and by lowering interest rates on government loans.…show more content…
Another major problem for college students is money. A study has been done in “Ohio University states that seven out of ten college students in the United States, are worried about their Financial” (Sonawane). According to the International Business Time they did a study that the “National Student Financial Wellness showed that about 60% of college students were stressed out because they don 't have enough money to pay for studies another forty percent were worried about having not enough money to pay for expense and students abandon their studies because of debt”(Sonawane). Another problem for college students is getting a job. People that are just getting out of college usually have to get jobs most of them already have jobs but they might need more money so they would have to get two or three jobs. Students that are still in college have jobs that are taking up most of their time. According to USA Today, Job expectations have been slim for a long time. Janet Yellen is part of the Federal Reserve and she said the job market has been unforgiving in 2015. Another problem for college student is…show more content…
Tennessee had tried funding directly to specify indicators with promising effects, State and federal government should embrace the changes, the should also consider supporting alternative funding sources that could help students afford their college debt and education. Students are spending $1,150 on college books. Scholarships can only help so much and they don 't pay for all of it most of the time. College students, on average, needed $35,074 in 2012-2013 according to the National Center for Education Statistics. Adult in their 40s are still trying to pay off their college debt. Free University According to Bernie Sanders he wants us to pass a new bill that would get rid of student tuition. “It’s called “College for All Act” that means the bill would eliminate the $70 billion dollar tuition cost of all 4 year public colleges and universities” (Schramm,Stoetzer).“Under the plan, the federal government would cover 67% each year and the state would be required to pay 33% of the costs”(Schramm,Stoetzer). To qualify for a federal grant for the universities or college, the state would have to increase more on funding for the students, hire new faculty. Help people get higher education to improve their lives, and more likely people won 't drop out of college because of financial issues or grades but they will have more help
Open Document