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Essay On Student Loan

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Research Topic: I have considered the idea of researching why trade jobs are not being filled in recent years. The number of college graduates with above average student loan debt is on the rise. I am worried that with this ongoing rate, that it will possibly cause another recession when the majority of the loans get defaulted. And by then, we would have companies laying off worker by the masses. I know folks at home who are employers of skill trade companies. I was wondering if the unemployment correlates to the lack of people interested in skill trade. Because some employers are struggling to get new people in the correlated job in the company that does trades. Those same folks are interested on what I have to say. I got some students interested as well. I want to know why some think that a college degree is the only way to success. I know that my future involves getting my degree from Southwestern Michigan College. But I know too many who have high student loan debts. I once made a mistake going to the higher priced school, Western Michigan University for two years. I have …show more content…

I have begun searching on the internet databases such as Michigan e-library and Southwestern Michigan college library databases. As listed in the works cited I have founded two sources that I will be using in the research paper. There is going to a lot of writing and documenting the sources while I look for sources in the libraries and on the internet. I will find more sources to work with my research over the coming weeks. I have considered going to the local library in my home town. For some books there that the college at southwestern Michigan college might not have available. I will be using this computer I am typing on now to do the majority of the work. I will make sure the data is backed up of course. The other tool I will be using is time itself. I began the raw thesis statement about five days

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Upon writing the essay, I decided the do it on the second prompt. I felt that my strengths lied on the my previous knowledge from past classes about learning about various debts and the Great Depression, which I formulated my future effects in the essay. I however, had a hard time deciding whether student debt alone may be significant enough to cause an entire turmoil of the economy, but I later thought that It possibly could in a more insidious way. The causes in the essay provided me the most difficulty.

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Lehman, first established that student loans and debts cause people to have no freedom and be prevented from achieving in the workforce. Both of these authors have persuasive writing pieces, Lehman’s article was more compelling since, he provides an abundance of evidence, a strong anecdote, and a formal analysis. These two authors had strong, reliable research to support their thesis, in the article “Why Are Student Loans Considered As Good Debt” there are plenty of statistics that validate Johnson’s thesis. One major statistic is “for example, according to the Federal Reserve, the average credit card interest rate was 22.75% in Q3 of 2023, compared to 5.50% for direct subsidized loans and direct unsubsidized loans” (Johnson). While this statistic is significant, there are only a few more statistics that she provides that are reliable.

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Many students out of high school take the next step in extending their education by attending college. At the same time, how they choose the right school is one of the most burdening decisions in the secondary education process. Before going to college, the student must start the process to figure out their interests and where it can take them. Once this has been determined, they can start the application process to colleges that will assure success. Unfortunately, many parents of young adults impose limitations to their choices.

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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.

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Colleen Rookerson College Financial Debt Linda Shepard 22nd, April 2023 College Financial Debt Student debt is on the rise, what are we going to do about it? Students face an increasing amount of debt and struggle to pay it back due to low finances and high interest rates. Some students struggle financially to pay back student loans and eventually need to drop out of school due to the high costs. What options do they have?

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Loans can quickly turn into a substantial amount of debt by the time a student completes their standard 4 year degree. As a result, this debt can carry on throughout their adult life and make starting that life more difficult. “A record share of students are leaving college with a

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Purpose: The recession of 2008 had a financial impact in many ways, one of the significant impacts that affected us is student debt. The government was giving less support to education, so to recoup tuition and fees increased. The fact of providing less support made student loans more popular; The tuition was already expensive in the U.S., and not many people could afford it, but many people need to get higher education to get good jobs. This circumstance made a lot of students use student loans.

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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.

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Student Loan Debt Problem Many people worry and stress each day about one problem. You may not be surprised it on money but you may be surprised that its student loans. Students worry about this all the time.

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Student debt is one of the biggest issues that people are struggling with. Especially for those graduates whose major does not guarantee a stable job due to the limited amount of job positions, such as art history and music majors, many of them end up being a freelancer because job unavailability. Governments often encourage the citizens to spend more and help improve the economy, but how could the citizens help when they don’t have the spending power due to the heavy student debt that they are carrying. A good way to improve the economy is by solving the issue of student debt. With the help of the “Organ for Ed” program, both the job seeking and economic problems would dissolve at once.

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The phrase “education being worth it no matter the cost” has been drilled into students as well as their families. This has led to student loans eclipsing a total of $1 billion every year, and in total reaches more than $1 trillion. While most loans don’t have to be paid off until after graduation, many students aren’t able to find jobs to subsidize the loan payments once they have

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The total U.S. student loan debt now surpasses $1.2 trillion and there is more than 40 million recipients owing on federal and private student loans (Malone). Most of the college students in the United States can’t afford their education by themselves and, as a result, students end up drowning in student loans in order to earn a degree. Student debt is a major problem in the US, and it is a major influence on the gap between rich and poor. A more accessible college education would help reduce the gap between rich and poor in the United States.

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Student loans have always seem to be a controversial topic. Many people are in agreement and disagreement over the opportunity to student loans. Student loans can be a great advantage to many students, but it can also drown them in an immense debt, that will follow them for many years. The more we analyze this perspective, we are able to distinguish the advantages and disadvantages of student loans. There is a variety of perspectives on student loans, some involving annual salaries, interest rates, and commodity.

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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

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The education system produces skills that are not valued by employers, while raising the expectations of those who acquire them. Consequently, the unemployed do not take up existing job vacancies, and employers are unwilling to hire available candidates (Njonjo, 2010). The mismatch is more marked for school leavers and graduates who have just finished school, partly providing an explanation for the high unemployment rate among youth and new entrants into the job market. The suggested remedy is to reform the education system and increase focus on technical education and vocational training, matching them to the needs of the job market (Coenjaerts et al. 2009).

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