A Lot Of Students Find Themselves For Financial Trouble Essay

The student loan crisis is worse than ever and more people are leaving college thousands of dollars in debt before they even have a job or any type of income. With the rising cost of college and living expenses, people are taking out more student loans for higher amounts, leaving more people in an undesirable amount of debt and essentially trapping them. “There's currently no way to get rid of federal student debt other than paying off the loans.” (Quinton, Sophie, why you might be paying student loans till you retire). Because student loans are not like other loans they will not disappear if you declare bankruptcy, so the borrower is forced to pay them back even if it means you cannot afford to do so. There is not just one thing that is causing the student loan crisis this is a combination of many things that are being overlooked or ignored. We need to look into the reasoning to determine why this is happening, what problems it is causing and then come up with a solution that can stop the problem. Student loans are a great tool to use if you need financial help for college, but one must be careful and consider the consequences and understand what a student loan is and how to deal with them to make a responsible decision about their financial future.

v. Jessie has no spouse and can't be claimed as a dependent by someone else.

2. A student with poor budget awareness may run out of money necessary to buy books, pay tuition, or for other important expenses of living.

College debt can stunt most students from pursuing their college dream and going to their school of choice. Students get scared of the word debt and the numbers that they would be dealing with outside of college. Students are putting aside going to their dream schools because of the fear of how much debt they will get into after college. There are many reasons why people don’t pursue college, or just from not being able to afford it. Students go back and look at not going to their dream college or college at all and regret not taking the challenge and going with what they always wanted to do. Some students experience not being in debt after college and why they think college tuition is right where it needs to be, but others will make shocking choices to not be in debt. College students are choosing not to pursue their dream college or college at all because of finances they would be dealing with after college, debt.

College debt is becoming more of a drastic problem in the United States with the rising costs of college tuition. In “Why the Student Loan Crisis Is Even Worse Than People Think” Mark Kantrowitz expresses how the issue of student debt in America is to be blamed by the government’s lack of action. In “Is College Doomed?” Graeme Wood expresses the benefits of the new and innovative univeristy Minerva. A perk about this university is that it includes the cheaper tuition than other ivy league schools because of its lack of all the componenets of an average university. The government needs to be more involved in preventing future college students from graduating with overwhelming debt.

The presidential race is now consuming America. It is mentioned every morning in the news and in every “scroll” through social media. While important topics such a national security, national debt, and international affairs are brought up constantly in the debate spotlight, higher education is a topic less discussed. However, each presidential candidate has a specific, strategic plan to tackle current issues in higher education. The main issue that candidates believe should be addressed includes college costs and how they impact student debt. Each candidate has a different stance on the issue, and each have a plan to move toward solving the issue. This review will cover the current issue of student debt and how that is impacting America, each presidential candidates strategic plan to tackle this issue, a critique of each presidential candidate’s plan, and a reflection of solutions presented. Each candidate running for the 2016 presidency deserves full recognition, this review will focus on the two leading presidential candidates: Hillary Clinton and Donald Trump.

Go to College; Live Your Dream...If Your Dream is to Spend Your Life in Debt

Student debt is become a huge problem in today’s world. It has been popping up more and more in presidential debates, protests, and the news and media. Currently the amount of student debt is over 1.2 trillion dollars. According to financial experts, the student debt loan bubble will eventually burst, causing more trouble then the housing bubble in 2008. It is evident that student debt loans are a big problem, but then comes the problem of who should pay? Recently, people think they know how should pay, the government. This does not sound like a bad idea at first, the government pays for our college debt and we get to start our careers. Thou, this sounds like a

Students High in Debts Crisis "The only good thing about student loans is that the day I die my children will not have to pay for them” (Block). The problem with everyone not being able to go to college is the cost of it. Many High school graduates don’t even think about going to college because of how crazy expensive it is. Many students drop outs later on due to not being able to keep paying and the ones who do graduates struggle in paying off their student loans for years.

Crippling student debt is stifling the growth of the United States economy because it inhibits graduates from being able to spend money on consumer goods and home purchases. One of the biggest decisions every high school graduate has to face comes at the time of applying to college. Deciding to go, and where to, is going to have a big impact on the student life, and in most cases a big factor for this is money. As an effect of that concern student loans were developed. For many students going to college in the U.S. comes with a very important economic decision.

In 2016, college grads graduated with an average of $37,172 in student loan debt. This is a 6% increase from the previous year, and the rates increase as colleges become more expensive. Going to a University or College is looked upon as a luxury or a privilege nowadays. Good paying jobs that supply good living standards are requiring at least a bachelor’s degree to be considered for hiring. Any persons, including college students, should not be forced to live with, be pressured by, or be under the control of student loan debt. Student loan debt has been proven to have an impact on a person’s mental health. It keeps the less fortunate from having a chance to prosper in a competitive workforce, and the system that provides financial aid (FAFSA) doesn’t always meet a person’s needs completely. College should be an earned right for those who have stuck through the education process as an adolescent.

College is where students continue their education in order to get their dream jobs and better future. College tuition fee is increasing each year, and some students cannot afford to pay for it which most of the students put themselves in debt as a result. Many college students are living on their own and they have no other choices but to taking out loans to pay for their tuition. Student debt has its negative effect on the U.S economy. Because of the rising cost of tuition, some of college grads cannot even find a job and more college graduates have to move back to their parents’ house.

Money is the biggest thing you have to worry about when going to college. Mainly because tuition has gone up within the last five years. Therefore money is the biggest challenge because you have to worry about if you have enough money to pay for the semester. And on the other hand you have to have enough money for common necessities like snacks, cleaning supplies, and personal hygiene supplies. Then you try to get a job but most local places do not fit into your school schedule so you end up asking your parents for cash but the lecture you about how money does not grow on tree's. So it's best to save up before going into

Budgeting can be very difficult, nevertheless for college students, so I will be explaining how to budget in college by making smart decisions. A college education is probably one of the most expensive purchases a young adult will most likely ever purchase in their lifetime. College can be very expensive as a consequence tuition can range anywhere from 10,000 to 70,000 a year. Nearly all college students pay for college by a college fund, scholarship/grants, out of their own or parent's pocket or borrowed money. Despite the fact some of those payments aren’t directly coming from the student it is more than likely that they still don’t have a stable income to provide themselves with basic necessities. Most colleges don’t provide students with basic necessities which means they acquire to go out and obtain everything needed as far as food, supplies, books, also toiletries. The average college student spends anywhere from $200-$700 a month on just the articles they need. While on articles they want they spend anywhere from $20-$200. More than likely that most college students don’t work, notwithstanding first-year students and athletes, which is a large population of the school anyway. Today most students aren’t obtaining a stable cash flow and even the ones who are from allowances or a job tend to still most likely struggle with budgeting. Budgeting can be a very difficult task even for adults or people making a substantial amount of money, but it’s not impossible if

The present day economy is completely unstable—it fluctuates up and down, with no reliable way to know for sure what it will look like the next day. Navigating our economy is extremely difficult for all individuals, but especially for students. This is because students are young adults, learning how to be independent, self-reliant, and manage their finances at the same time as being a full-time student. In order for students in college to navigate the economy in a successful manner, I would recommend three methods—limit excessive spending, take out less loans, and start working at an earlier age. In following these three steps, students can better manage their finances, become financially independent at a young age, and can better navigate the unpredictable economy.