Essay On Student Debt

Growing up I was always told that I needed to attend college and there would be no exceptions as to why I would not; I had never really understood why it was so important to my parents but as years past I began to realize why college was a must in my family.

Student loan debt relief is a controversial issue in America today. Student loan debt affects twelve million college students, roughly 60% of all college attendees, per year (Student Loan Debt Statistics). Student loan debt relief rose to the forefront of economic news during the financial market crash of 2008. The U.S. Government has developed a debt relief plan that extends payments over a 25-year period, with a full forgiveness of all remaining debt at the end of that 25-year term (Ensuring That Student Loans Are Affordable). During this repayment period, payments can be suspended during times of unemployment, giving hardship students a break from their student loan payments. Many people feel that student

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.

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.

No institution is perfect, not even Normandale, though it is better than most other community colleges, it still has its problems. Some are minor and short term like a shortage of parking spaces, but others are long term or even crippling to students financial future. The most prominent example of this is student debt. Normandale is far from the only college with this problem, almost every college in America faces this issue. Student debt is hard to avoid with 71% of students that have graduated from a four year program have an average of $29,400 in student debt in 2012 ("Average Student Loan Debt, 1993-2012." Pg.1). Student debt is a major problem that affects most young Americans, but it could be fixed with government funding of community colleges and increased regulation of for profit schools.

The student debt crisis has reached an all time high with debt reaching a total of 1.3 trillion dollars across the United States.With tuition cost increasing,lack of scholarships and an increase of government loans,student debt will continue to increase.The enormous amount of debt put upon each student creates the inability of those students to help the economy grow.Our economy as we know it is in shambles and decreasing the student debt significantly will help the economy grow.Instead of debt owers putting that money towards the government where it won 't be used to help decrease the student debt as we can see by the total debt, it should go to the community. Money going to places such as purchasing homes,cars,consumer goods will help improve the economy.To help alleviate the immense amount of student debt lenders should be required to forgive student loans in cases where students are unable to repay their debts,decrease cost of attendance,and increase scholarship opportunities from universities and implement more merit based sholarships.Doing so would benefit the growth of the economy by increasing the job market,housing market and would help businesses grow.

For student debtors, debt-to-income ratios have increased even though the ratio has declined for young households since 2005. The debt that is acquired by the majority of underprivileged students who seek out higher education has now become equivalent to two years of income from a starting job out of college. Student debt however does not stand alone in the damaging of student lives during and after college. Most households with college debt struggle to pay back other major types of debt like credit card debt if acquired, car loans, and some even pay mortgages. With all of these debts to pay off some students have stated that their college education was not worth it, and has not paid

College Debt, two of the most scariest words for high schoolers planning to go to college. In fact a survey was taken by high schoolers and studies show "that 80 percent of the survey's participants said that obtaining a college degree is important to having a career. At the same time, 67 percent of the respondents said they are worried they won’t be able to afford college and, on the whole, they’re opposed to acquiring student debt." (New) Now even though there's a chance to incur significant debt it'll be worth it in the long run. It's an investment for the future, you can get a job faster, and there's many positive benefits when it comes to having a college education.

Another option that students with debt may take would be joining the military. The military has its own loan forgiveness program. Another thing that the military has is strict rules about who can be in the military. People in the military rather it is the Army or the National Guard have to be healthy. It is not someone’s fault if they are not in perfect condition because for the most part our health is out of our hands. Basic things like not smoking

65.7% of college students have to get student loans to pay for college, and the average student loan debt is $19,237 for a graduating senior in the United States according to the National Post Secondary Student Aid Study. This is no surprise considering that the rate of tuition increases 7% per year, and in some of the more prestigious colleges, students will have to pay well into six figures just to get their education. Even in-state rates for South Dakota, which is comparatively very cheap to practically everything else, students are still paying $40,000 for their education when one factors in dorm living and a meal plan. Most students will need to borrow some money on a student loan to get through school, but how does one know if they're

Being in debt is a stressful condition whereby you struggle to pay your monthly bills. So, how to avoid this situation altogether? In this article, we will be sharing 5 useful tips to help you stay out of debt.

College, to me, is not only a place to learn, but it is a place to prove my self-worth. My mother and father had to sacrifice their education in order to provide for their unexpected child at the age of 18. They both, just as I do, had visions of themselves in the future that involved a higher level of education. My goal is to prove that their mistake as young adults can now be repaired through my life and seen as a blessing. Deciding to step up to the plate and do everything possible to get into college is something I consider as one of the most important decisions in my life so far. If I had not applied for college, I would have felt as if everything my parents gave up for me to have opportunities such as this in life had no purpose.

 Gary Gutting Wrote, “What is College For?”  Gutting explains that college is for students who want to gain knowledge for the rest of their life, that it’s not the teacher’s job just to teach but the student’s to engage and make it interesting, and then they become interesting as well. Too most students they may have answered this question differently, some would have said they wanted to live better, make friends, and others might say that his or her family’s been planning college since they were tiny. My parents have tried to finish college, but were never able to finish it, but I’m not here because they want me to go. My family has lived paycheck to paycheck with four children, five cats and three dogs. There’s my answer I am here because I want to have four children, five cats and 3 dogs and not live paycheck to paycheck. I want to be able to financially secured future. Not having to worry about the fact that I have to buy food over paying overdue rent or asking my parent’s for money that they don’t have.  Gutting

College can be a roller coaster of fun, in which can be experienced through the paychecks of Americans. College is where some would go to take advantage of their ability to increase their knowledge. Participating in this action results in a higher chance of having a brighter future and some say leading to possibly a healthier life. College is a community of its own, with some including dorms and stores on campus. College around the country are not cheap however. On average, four years of college for in state students is nine thousand, four hundred and ten dollars, and for out-of-state students, the price jumps drastically up to twenty three thousand, eight hundred and ninety dollars. Attending a college that is not public for four years, the cost per year would be thirty two thousand, four hundred and ten dollars. With that being said, that is not incorporating the cost for books and other supplies. While attending college, the thought must be kept in mind that there are indeed pro’s and con’s. Debt, is obviously a con, but attending college can open a realm of vast opportunities in a job field. College can help pave the way to an extremely successful life, but is it really worth it?

Graduation day is approaching faster than we can blink. Once that day hits, it’s time to decide how we will spend our future. Many of us will ponder the thought of college, but what chokes most of us up is the outrageous amounts of money that colleges want to strip away from us. Time progresses and the cost just soars higher. Is college really worth it if we have to pour thousands of dollars out towards it?