Charles Griffith: Investing In Financial Success

For many, student loans are the only way to finance one’s education. Paying out of pocket simply isn’t a reality for most, so they rely on state and national government to provide them the funds to attend school, buy textbooks, and even pay for room and board. Sign on the dotted line, and suddenly a subsidized or unsubsidized loan shows up as a credit on your student account. Any overage is paid to you by check to cover

The main problems with student debt are the high monthly payments, high interest, short grace period, and repayment programs that does not apply to everyone. Majority of students can’t pay back loans they have borrowed because they aren’t given enough time to pay them off. Students have at least six months to pay off their debt before they get an increase in interest. Over 75% percent of students have to get loans to pay for their first year of college and more (Quadlin). Debt is something we all have to deal with even parents suffer from them as well.

College tuition prices are rising and so is the amount of student loan debt. To many students getting a good education to start off their future is very important. With the rising prices of college tuition, often many students have to get a student loan in order to pay their way through college. Student loans are there to help one out, but can become a huge burden to one. Although student loans come with a lot of responsibility, if one plans a way to pay it off the loan can be very helpful and stress free.

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 pieces 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.

A great deal of students turn to college loans to help pay for their many college expenses. A study conducted by CNBC displayed that 59 percent of student’s graduation from a public four-year institution had student loans. After graduation many students found themselves under “student loan pressure”- meaning it will take years of them working in order to pay the debt. Students will invest thousands of dollars towards tuition, housing and textbooks and may be paying the school back for years following their graduation.

What you don’t know about student loans can hurt you.” As Americans pursue more education, they also accumulate more student debt. Student loans have become a big problem for college students across many American campuses’ because of increasing tuition cost, decreasing the amount of grants and scholarships, and the high interest rates of student loans.

Just how bad are college students in debt in the Unites States? In the United States student debt is completely out of control but more serious for vulnerable groups. A student loan is arranged to help students pay for colleges tuition, books, and living expenses. If you apply for financial aid, you may be offered loans as part of your school’s financial aid offer. A loan is money you borrow and must pay back.

Student loan debt is widely accepted as normal, and many even call it “good debt”, but I completely disagree. Student loans may sound like an award, but it’s really just an opportunity for you to be swallowed up by debt. Taking a student loan will not only take years to pay back, but you will also have to pay interest on it, which will make you waste an incredible amount of your hard earned money. Also, it will make you base all your decisions on tackling your student loan debt that is constantly growing, effectively wiping out several opportunities you could have taken if you didn’t have all that debt holding you back and controlling all of your decisions.

Often times people hear many negative things about student loans but there are a few positive things about them. A student loan allows someone to attend college and further their education which gives them benefits that they will be able to use later in life. The main benefit and reason individuals go to college is to reach the goal of a higher education, greater employment opportunities and solid earnings and student loans make that possible (Venable 2). It could also be a positive thing depending on the amount a person borrows and terms they agree to pay it back. Having student loans that are possible to make regular payments on is an opportunity to increase a person’s credit score allowing better financial opportunities, for example, being able to acquire a car loan, business loan, or mortgage (Venable 2). Debt that is manageable is good debt and as long as the

The growing cost of college tuition is a major problem in today’s world. It is causing students to have to take out student loans to pay for it. The problem with student loans is that they have a high interest rate, can take years to pay off, and are a deterrent for going to college.

Many college students face this same struggle of deciding the rest of their future right out of high school. Unfortunately, freshman college students are under educated about their finances and tend to over borrow when they come to college. Student loan debt is a major problem in America that could easily be fixed by educating students before they are allowed to borrow large sums of money.

Student loans will always be with us, unfortunately, borrowing to achieve a higher education is the only way the majority of Americans will reach their goal of earning a college degree. Because we know that borrowing to attend college is not going away, steps to offset the bite of borrowing to attend college should be taken as far in advance as possible to

A lot of loans that are made-for-students are now available. Some loans may even be acquired through the government, or what is likely called as Federal loans. There are private loans as well provided by your local banks,and student loan firms that, while some schools offer them to the students as well. Thus, a lot of students end up taking several combinations of loans to cover their college education. For a student to take loans is not easy at all. And paying back every one of them by the time they graduate is more than just hard.

Nothing about college screams “cheap”, nor will it ever, but having a greater knowledge base will help me substantially in the long run. I believe that a higher education is crucial to the prosperous lifestyle that I hope to one day achieve. Private schools and public schools each have their own set of strengths and weaknesses and many do have to deal with the frightened topic of money. Because I will be my parent’s first child to be sent off to college, we are all learning a lot throughout this process and I hope that as they prepare for my siblings future, they can go about it with ease. With choosing Kansas State, I am determined to apply for every scholarship possible and try my best to graduate in 2021 debt

The cost of higher education is a real problem, and it may not seem of dire importance in the short run to the country as a whole. However, students and parents borrowing increasingly larger sums of money in order to afford the high costs that college life presents; impacts the country negatively as a whole (in the long run). Not being able to afford college after the loans have already been taken out leads to some rough waters for students who have already attained their degree; especially if they can’t find a job. In the article Loan Against Your Life by Charles Scaliger this is best stated,