Community Debt: Case Study

Dear Editor, College Student Loan Debt I think college student loan debt raises serious concerns for students and makes them worried about their future. College student loan debt in USA is at an all-time high and it has increased over time. The number of students requiring financial aid and student loans has increased as well. Majority of college students get loans to pay for their higher education, and the demand is increasing because college tuition cost is increasing. Most of the U.S. college four-year undergraduate students graduate with some level of debt. Most of those students may not know the problem they will face after graduation to pay back college loan. Some students may know that they will be in deep debt by the time they graduate,

Living in debt has become the norm for most U.S citizens, with nearly 80% of the population in some kind of financial dilemma. Even the national government is trillions of dollars in debt, and the main cause is spending money we don't have. If everyone would stop using credit cards,

Is getting a college education worth going into debt? That is a good question and one that I say yes to. There are many reasons to go to college, such as getting that high quality education to go further in the job you currently have, or to get an new job all together. Another reason could be to become a good role model for your kids, or just so you can proudly say you were the first in your family to go and graduate to college. Another reason could be that you simply go because everyone else in your family has been. Whatever the reason, there are definitely benefits to going into debt in order to go to college, because it has almost become necessary to have a college degree to have a good job.

I believe the debt facing America is one of America's largest problems to this day. America is over 18 trillion dollars in debt. Politicians always speak of reducing the debt, however it has not been done. The debt of America has not even been paused for an extremely long time. According to, taxpolicycenter.org only 55% of Americas spending is mandatory. This means that America may be able to reduce spending by 45%. The main priorities America spends it’s money on is social security, unemployment, food and agriculture, transportation, medical and health care, and veterans benefit. These things are very important, but it makes one wonder, where is the other 45% going? Citizens of America has always said that America, indeed the best country

The first article “Community Health Systems to Sell Assets to Pay down Hefty Debt” is about local community health systems such as hospitals and facilities throughout the U.S. that has suffered a lack of earnings, patient admissions, profits, and share. Due to this disappointing news, community health systems will have

In the case of student loan debt crisis, radical change/action would be the act of rejecting what is usually sanctioned by society as a means of acquiring funds to pay for college and rejecting terms in which many currently default student loans were made. According to text, the Occupy movement first became educated on how the banking and collection systems deals with loans, the shelf life of loans held by banking systems, the banking and collection systems view of the debtor, the overall life cycle distressed debt and the true value of the transactions that occur between the banks and collection companies. Secondly, the movement delivered a public message concerning the debt crisis problem, which also included a realistic action plan on how

The Consumer Financial Protection Bureau made a report about education fee, indicates that credit card debt amount has been surpassed by the $1 trillion mark and growing college debt. $150 billion of the total contributed by private student loans. This figure doesn’t include capitalized interest(How bad is).The average amount of debt was $26.682, while the median was $13.410, meaning the majority of household owed less than $14.000 .However ,about 10 percent of households owed more than $62,000.Total national student loan debt grows by roughly $2,853.88 per second, based on calculations(Project on Student Debt). These data are shown that the investment in college is beyond affordable.Many students are still in dilemma of education .These condition will bring a gap between the rich and the poor. Because there will be only the rich people that can afford the college. the inequality will grow into an enormous mountain.People have

Court Tells Debtor It's Not How Much You Make It's How Hard You Try What does Rolling Stone Magazine call a “government-sponsored predatory-lending program that makes even the most ruthless private credit-card company seem like a "Save the Panda" charity?”

In my research I was shocked to learn how much debt the country I call home is in. It is really quite scary to think about. I learned about how there are so many factors that can contribute to why and how a country gets in debt and what is best to fix it. However I quickly learned that there is not one simple answer to this question, and people’s opinions can vary drastatically. Even with years and years of research and so much knowledge, people still debate what is best to do when trying to strengthen our country by lessening our debt.

This study examines the "Debt Poor" defined by Pressman and Scott (2009) as individuals and families who have more consumer debts than those categorized as poor, but also do not qualify for government subsidies, such as Medicaid. The scholars argued that interest payments on consumer debt should be subtracted from household income to measure poverty, yet an estimated additional 4 million Americans from 2007, likely middle class once having access to considerable consumer credit following a loss of income put their living standard below the poverty threshold. In contrast, extensive evidence determines that the debt poor are slightly similar to the poor (they are unlikely to own a home or hold private health insurance), somewhat like middle-class

The first of Ladson- Billings’ reasons for addressing the education debt is its impact on our present education progress. The possibility of the US losing its position as a top world leader in the near future exists solely because of the poor educational system. Unfortunately, no matter how much is done to repair the damages within schooling, nothing will change until the education debt is managed. She argues that although “relational trust” is a “…key component of school reform” (Ladson-Billings, 2006, p.9), the greatness of the debt wears away at that very trust and signifies how much teachers pay yearly as opposed to investing in helping their students.

College is quite expensive and with the looming certainty of debt, there are two choices to turn to. One is applying for scholarships and the other is working longer hours. By being granted a scholarship, I am able to study more and have more success in college. Even though I will still be working to lessen my debt, I would not have to take on extended hours. I would have more study time and be healthier as I would be less stressed about my work load of classes and a job. By receiving scholarships I will get more out of college by better understanding the material being taught and by doing well in class. In turn, I will be more prepared for the workforce ahead, therefore giving more to the community as a research scientist. Overall, the investments

More and more individuals these days are scurrying to find effective ways to ease their financial burdens caused by piled up student loan debts. If you are one of these people seeking financial relief, read on to find out how you can save on your college debt payments.

Aim to scrap university tuition fees and cancel pre-existing student debt, this would hugely impact the society as more student may feel happier about going into higher education as they would have the debt there is now and will have more motivation this in turn will help with the lack of qualified nurses etc (the guardian,2017). Collective responsibilities means the government will bail businesses out increasing job for people they believe in full employment at 97%.

Debt Relief initiative Many governmental and non-governmental organizations argued that external constraint like high inherited levels of foreign debt have crippled in the capacity of low income countries to overcome poverty and that concessional lending’s are not enough. This lead to the ‘Enhanced Heavily Indebted Poor Country (HIPC)’ initiative in 1996 in collaboration with world bank to eliminate unsustainable debt in the world’s poorest and most heavily indebted countries.