Crisis on How Students Pay for College." International Higher Education 54 (2015). Students’ debt is a crisis that will affect most of the sectors of the US economy and might have a global impact too, especially on the higher education, many people also considered it as the worst financial situation in the United States since 1930s (22). Although most believe that the impact of this crisis is drying up of students’ loans, in fact the real problem is that the capability to pay for college will extend
census Bureau, Texans with a college degree earn about twice as much money as citizens with only high school diplomas(Javine). Getting a college degree is a basic necessity to find a good job in today’s society, which is why it is a problem that getting a college degree is becoming so expensive. The cost of college in Texas is increasing along with student debt among Texans.Student loan debt is approximately $1.2 trillion in the U.S. right now. Student debt is a form of debt that is owed by an attending
Why Spend Money on College? It's amazing how you can spend money and time into trying to go to college but after all that hard work there's so many challenges to even survive or get a job with the degrees you went to college for. Imagine spending four years learning about a job and after graduating college and looking for a job it becomes difficult because you got zero hands on training during your years of college. why go to college just to be in the position to think that your future job will pay
College cost involves many key factors such as general loans and aid programs such as Stafford loans. Most students try to imitate how their parents went through college with the details of amounts it cost and general ideas of college but for the students that didn’t have any immediate family attend college it becomes much more trickier. So when my parents were going to college they both needed student loans tremendously so they needed low interest but didn’t get that so they had a lot of debt for
For many students, student loans, both government and privately issued, are a necessary part of the schooling experience. Without them, many students feels as though they wouldn't be able to attend anything other than a local junior college. For some students, these concerns are relevant, but for the most part, students are selling their chances of attending college without incurring debt short. The Staggering Student Loan Debt Numbers While the modern college student seems unwilling to work their
to seek funds in order to obtain their needs and desires. Attending college has become a major necessity on the current workforce of today’s society. Based on how much knowledge and additional education one receives, employment can fluctuate. Students tend to graduate from high school and decide to apply for college, but there are those who are unable to completely compensate for the school’s tuition. In such situations, the student and parents ask the government for financial assistance. The U.S.
With college around the corner for millions of high school students nationwide, a growing concern for many is the looming issue of its extensive cost. When scholarships don’t cover enough of the expense, many students dread having to take out student loans. Although it would mean higher taxes for the wealthy, student loan interest rates should be lowered and those with existing student loan debt should have some of that debt forgiven to ensure the success of American students in a competitive job
Student loans are a form of financial aid that must be repaid, opposed to other forms of financial aid, such as scholarships and grants. Student loans have played a very large role in our nation’s higher education as well as our previous economic recession because the debt burden is not only affecting a grand majority of Americans, but those who are in debt owe more than ever before and cannot compensate for the money they “borrowed.” The U.S. Census shows that 20 million Americans attend college
College may be the stepping stone to real life but there are too many financial challenges against the students. Most families having to take out student loans and they are so far in debt that even over a lifetime they might not be able to pay because they do not make enough money. There are so many different costs in college that you may think you can afford it but it ends up being too much. Many college students end up in financial trouble due to being unprepared and with the prices of colleges
avoid excess student loan debt Students Loan Company is a non-profiting company that is owned in most governments to provide loans and grants to students to cater for their financial needs such as tuition fees, and living cost. Most loans bodies accord students loans based on first come basis. However, students’ loans tend to differ with other types of loans in that mostly, the interest rates are substantially lower. Additionally, the repayment schedule also may be altered while students are still in