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Student Debt Pros And Cons

940 Words4 Pages

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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Pros And Cons Of Student Loan Debt

103 Words | 1 Pages

Hello, Professor Gray, The lost loan repayment plan would have a positive impact on the taxpayers by working with your loan servicer to choose a federal student loan repayment plan to make loan payments more fordable giving the loaner more time to repay their loans based on their income. Student loan debt is referred to as installment debt, which means you have fixed payments for a specific period of time. The interest you pay on your student loans is tax deductible that would put additional funds that could be used to purchase items that would increase spending with will help build the

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Summary Of A Lifetime Of Student Debt Not Likely

863 Words | 4 Pages

As we read “A Lifetime of Student Debt? Not Likely” we learn that the title is correct if student loans are used wisely. Many don’t pay attention to the debt they are building. Whether it is important for them to go to a certain school, or to always be partying, students will quickly use all the money they have. For some reason, when they find out how much they owe, they are shocked.

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Annotated Bibliography On Student Debt Crisis

1056 Words | 5 Pages

Evaluating this article, it is very informative and helpful in helping one who is in debt to individually find a solution. This article, although not focused on the entirety of this social problem, demonstrates a perspective of solution for an individual. Comparing this article with the others, it relates to the article shown above, however; focuses more on how the individual can help their debt rather than how to solve the student debt crisis all throughout

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Summary Of A Lifetime Of Student Debt

246 Words | 1 Pages

In the short story A Lifetime of Student Debt? Not likely. Written by Robin Wilson, he goes into detail of the crises of college debt in the United States. The first point being made is on how students over barrow student loans. Some of the students come from low income families, and they are the first generation to ever attend college.

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The Pros And Cons Of Student Loan Debt

1075 Words | 5 Pages

In the U.S, there is a huge problem facing the government: student debt. College students are graduating from school with huge amounts of debt and loans borrowed from the government. Many students have a hard time finding a job upon graduation and have no way to pay back their loans. This hurts the students as well as the government and the economy. The student loan crisis keeps getting worse and worse.

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Pros And Cons Of Student Debt

311 Words | 2 Pages

So you're thinking about going into debt for college. Personally I think this is a horrible idea. What if you don’t get a job in that field? What if that job doesn’t pay enough? Student loans don’t easily go away.

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Student Loan Forgiveness

1994 Words | 8 Pages

Loans allow receiving a college education seem like a smoother process considering that such a hefty amount to pay is divided so that it can be paid for in moderation. Despite the fact that it’s split into many payments, it’s still a large quantity all in all so unless indebted students aim for high income jobs, there would many years of difficulty to come after college. For this reason, undergraduates make it their goal to go after jobs which would prevent them from being constantly pressured to pay off debt. Thus, student debt is both a crisis and a reason to encourage persistence towards greater ambitions (Hillman, 41). It is a tremendous thing when a student seeks to be financially comfortable or even rich in the future but not when it is for the wrong reasons.

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Reduce Student Debt Essay

2065 Words | 9 Pages

Over the last few decade, the amount of change and rise of student loans increased significantly and with it increasing is a critical issue and it also increase the tension and stress it comes with because it affects the person mental health and wellbeing, it also puts tension on trying to manage to pay off the debt as soon as possible, and how it has become more of a critical issue to people through the decades but there also can be ways to minimize your student debt . Throughout the years the total number total of student has rised in the United States from 364 billion to 996 billion through 10 years (Andrew H.,2015), a big reason of why people decide that they need to get a student loan is to have enough funds to be able itself-deal with

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Argumentative Essay On Student Debt

1437 Words | 6 Pages

Society often believes college is a necessary experience for a better future, but I argue that the future will not be any better when student debt becomes a part of life for those who follow that mainstream belief. Most parents often dream of the great colleges and universities that their children will get accepted into; however, they fail to think of the cost to attend those institutions. Financial aids! Financial aids! Yes there are financial aids that students can apply to lessen the student debt.

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Argumentative Essay: The Cost Of College

771 Words | 4 Pages

The tuition and cost of college is detrimental to thousands of families across the country and brings student debt to future graduates. Some students have seen their debt climb over $30,000. Friedman writes, “The average student in the Class of 2016 has $37,172 in student loan debt…” (Friedman). With the debts being over the average income for single people households, college has transformed from a benefit to a burden. Young adults not only have to worry about their education but also paying for the next semester or years of college ahead of them.

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Argumentative Essay: The Rising Cost Of College

1265 Words | 6 Pages

Have you ever owed someone $20? Well, imagine owing someone $100,000+ . Many students every year are left in crippling debt that can affect them for the next few decades of their life. Because of the cost of college, many students fresh out of high school can’t go to college. In order to make it easier for the lower-class to go to college, you should do at least one of the following things.

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Real Life Sucks: College Admissions

2080 Words | 9 Pages

College is expensive in today's world, and most people cannot pay for college directly out of their pocket. Many students rely on academic or athletic scholarships, instate tuitions, student loans, or financial aid to get them

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The Pros And Cons Of Student Loans

585 Words | 3 Pages

Every student's circumstance is different; therefore, they should all have different solutions. Some students do not enjoy of a good economy, which provokes them to borrow more money than other students. Also, there are some students that will study careers that do not have a great income, or are very rare in jobs. Their solution would be to maintain the cost of student loans at a reachable price. In this case, every student would be able to pay off their loans without any

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Argumentative Essay On Student Loans

378 Words | 2 Pages

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 Importance Of Student Loans

1867 Words | 8 Pages

In his argument, “Forgive Student Loans? Worst Idea Ever” mentioned how the importance of college student loans should be paid off. Due to the amount of irresponsibility that may happen. Believing if students were not to pay student loans, they would waste an amount of money per year, an amount that will increase. Together, the two debates profound sufficient information, to catch their audience attention, but only one debate had the enough statistics to prove it’s point.

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