Student Loan Debt Is A New Graduates Biggest Fear

Student loan debt is a new graduates biggest fear and something many students that want to go to college do not think about until they edge closer and closer to graduation or completion of their degree. Asking Good Questions:Case Studies In Ethics And Critical Thinking (2015) discusses the problem with student loan debt and why the Student Loan Forgiveness Act of 2012, submitted to congress by Hansen Clarke, would be beneficial to students who have student loans (p. 86). Students are taken advantage of with student loans. Most students cannot afford to go to college and turn to student loans. Usually this is a combination of the students, parents, and financial aids ideas and problem solving in order to afford the schooling at the university or college of choice. The student is the one who signs the agreement that they will pay off the loan. Most students do not read the booklet that you have to read before signing, and most also do not read the small print. Both of these pie ces of literature include the interest rates that constitute the bill that the student will have to pay in the future. Students do not read these because they are just so excited to be able to go to college and not have to worry about paying all of it during their schooling. Most students that receive student loans come from a place of disadvantage. In a documentary called Default:The Student Loan Documentary (2013) that we watched in class most of these students could not afford schoolShow MoreRelatedThe For Loan Debt Crisis1308 Words   |  6 PagesMany economist view this current student loan issue in the same realm as the home mortgage crisis. In 2008 The mortgage crisis put the American economy into the biggest recession it had seen since the â€Å"Great Depression†. An economist by the name of John T. Harvey is highly regarded for his work in economics. Harvey attended the University of Tennessee, where he received a doctorates degree in economics and political scie nce, and has now taken on the role as a Professor of Economics at Texas ChristianRead MoreCollege Is An Adult, And Receiving An Education936 Words   |  4 Pagesone think of? When â€Å"college’’ is said the first thought that comes to mind is four more long stressful years of school. College is not only about the sleepless nights filled with homework and studying for one of the many exams. College exposes you to new people, learning to be an adult, and receiving an education. Education sets up young adults up for a successful future, providing the skill set needed to be successful at their job or career. All the hard work of going to school is well worth it inRead MoreCollege Is A Time For Young Men And Women991 Words   |  4 Pagesendeavor, pressures in all forms, shapes, and sizes attack us nearly every day. As a college student the fear and lack of money show their ugly head all the time. Learning to budget money, deciding what is important to spend limited f unds on, and the ever present repayment of college loans puts stress on students. But the pressure that weighs the most on my mind is the health of my family members. Letting these fear, distract your attention and focus can lead to a place of depression and anxiety - I wouldRead MoreStudent Debt1826 Words   |  8 Pagesthe increasing trends in the amount of debt students are graduating with. The purpose of this report is to prove why these trends need to be stopped, and how they can be stopped. After viewing the statistics from 1993 to the present it will be obvious that student debt is not rising at a steady pace, but that its growth is leading to large financial burdens by many students. 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So, if you are interested it is better to find out the details from the concernedRead MoreThe American Education System Is Important For National Prosperity And Individual Success1424 Words   |  6 Pagessuccess. Huge achievement gaps and opportunities must shrink to non-existence, and every student must receive a well education that prepares them for college and careers in the world as it is today. Comparing the United States edu cation system to other countries shows that the United States scored lower than nineteen other counties and education systems in reading in the 2012 Program for International Student Assessment. Germany and Poland in particular are two countries that have now surpassed theRead MoreLittle Change And Big Outcome2301 Words   |  10 Pagesabout increase in student debt and its interest rate. High percentage of freshman drop out of college without receiving an official degree that could help them to pay their student loans back. It causes unpaid balance to increases in its value over the time. Analytics expect recession that could be caused by such students. The student debt exceeded credit card debt, auto loans, mortgages, and passed the $1 trillion mark. Also, due to threshold balance, for a regular person student debt slows down theRead MoreFactors Affecting The Foreclosure Crisis1793 Words   |  8 Pagesover 69 percent in 2004, according to a new report  released on Wednesday b y Harvard University’s Joint Center for Housing Studies.† This decline in homeownership can be attributed to a few factors and why there is a strong future for landlords. Since the housing bubble many families find it difficult to qualify or afford mortgages. Second indicator is the young adults emerging to be new homeowners are the generation with the highest amount of student loans. Third indicator is the decrease in building