Community Debt: Case Study

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, taking out huge loans, and buying houses that they really can't afford, the economy might slowly regenerate. Many people don't understand how fast debt can build up and how much interest rates can increase that debt. Yes, life would be a lot more difficult for many people if they could only use money they actually have instead of paying it back later and adding on debt, but sometimes change is needed. No matter how difficult this change may be to implement, it may

Whenever the topic of the American Economy is mentioned the first thing that pops in our heads is,”debt”. The debt of the U.S. has been a controversial topic for years now, especially in our politics. The U.S. debt as if now is 18 trillion dollars, but we didn’t always have this debt.

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 to sell their assets in order to raise money to pay off their debt. By each quarter the losses were getting worst, community health systems continued to lose earnings and admissions. The company sold its biggest assets which were different hospitals, in hopes to pay off debt and improve financial operations. These divestitures also lead and contributed to several losses and improvements.

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

Some of the hardest decisions people contemplate are determining how to handle their finances, especially when funds are plentiful. More to the point, few people seek counsel from professionals who are trained to assist them. Consequently, they are likely to become entangled in debt and ill prepared for times when funds are low. While there are a number of reasons why individuals fail to seek professional assistance as it relates to managing money, there is evidence that this is not supported biblically. Proverbs 13:10, states that, "Through pride and presumption comes nothing but strife, but [skillful and godly] wisdom is those who welcome [well-advised] counsel (Amplified Bible).

Despite the year 1835 when Andrew Jackson eliminated all national debt, America has always remained under some level of debt. Recently there has been a large amount of fear surrounding Americans debt. In 2014, a Gallup poll found that 58% of respondents worry about the federal deficit a great deal. Following Congress raising the debt limit at the end of October, the government experienced the largest single day increase in debt on November 3 (Korte 1). This large increase follows the recent trend of exponential growth of the debt. As the debt continues to grow without the government reducing spending or increasing taxes many citizens and economist are concerned over the debt. In June, the congressional budget office described in a report

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

Even if he is struggling with major debt, it shouldn’t be a problem for you. As long as you can be next to him, encourage him and help him, he will be able to make a clear future for you. You always need to have a crystal clear idea about his situation by talking to him regarding this matter, so you can adjust your mind for a new life with a new experience.

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?”

The amount of students graduating with and intimidating amount of debt are rising exponentially year after year. According to the gainful employment regulations student loans payments are to much for intro level jobs students are receiving following their graduation. On the same note another study shows that student loan payments require on average thirty percent of the students discretionary income, which then lessens their standard of living. According to Education Secretary John B. King Jr “When a student makes a personal and financial decision to attend college, the student must feel confident that it is a sound investment in his or her future, not a liability that will further defer his or her dreams.” (1) If a student cannot afford college then it might not be the best option available to them.

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.

Early in my career, I learned that sometimes one must get uncomfortable to get comfortable, and sometimes very uncomfortable to get a little comfortable. This is one of those times. I was promoted to be the accounting manager for the Houston division in late 2009. I was responsible for maintaining accurate accounting records as well as improving the financial indicators for the region. The previous accounting manager had left the organization a couple of years back, and the branch manager held that position as the interim while still performing his other duties. There was also a managing director who held double duties as the branch manager and managing director too. My new team consisted of seventeen people with an average of ten to fifteen