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Student Debt Pros And Cons

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Is getting in debt for going to college interfering with pursuing life long dreams? Many people have student loan debts, and are struggling to pay them off by working more than one job. People decide to go to college to follow their dream job and having a degree behind them, they get paid more. However, in some cases, students don't know what they're getting themselves into if they can't afford to get into college or universities. They sign up for student loans and eventually get into debt because they don't know how much they’ll owe before. On the other hand, there are a variety of ways to pay off or not get into student loan debts, such as: scholarships, jobs or saving and community college. As one can see, in the article,” A Generation Hobbled by the Soaring Cost of College”, it states that people have to give up some things in order to pay off college debts. Because of people not knowing …show more content…

To illustrate, people can apply for scholarships and don't have to have a 4.0 average GPA, because there are a variety of them based on different criterias (10 tips, 9). Also, Free Application for Federal Student Aid (FAFSA) is given either by colleges, state agencies and scholarships. Also, there are different types of loans to which help students and parents specifically on what they need. Such as, Federal Perkins Loans which are fixed interest rate loans, Federal Stafford Loans which are low interest rate for whomever are attending college halftime, and Federal PLUS Loans that allow parents to borrow for each dependent undergraduate student who is enrolled in college at least halftime. Students should apply and complete the FAFSA in January because the sooner to apply the better chances on receiving maximum amount of financial aid. Taking SAT and/or ACT tests are required by some college admissions and can be taken during spring semester. Scholarships are a great help to not get into

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