Hall 1. All Over America, Undergraduate And Postgraduate

1760 WordsMar 24, 20178 Pages
Hall 1 All over America, undergraduate and postgraduate students are feeling the pressure of student loans and their debts. A student loan is a type of loan designed to help students pay for post-secondary education and the associated fees, such as tuition, books and supplies, and living expenses (Mitchell 15). While it may sound like an inviting way to pay for college, it comes with its downfalls. Rapidly rising college tuition costs have made student debt the only option to pay for college for many students (Kristof). Student loans are increasing $3,055 every second (Kristof). The average student in America graduates with $35,000 in student loans (Akers 18). In fact, student loans have become so popular, all together students have…show more content…
It would be like letting someone buy a house, but not giving them the key to get in. The students may have the GPA to get in and the extracurriculars, but the thing stopping them is money. Private colleges are twenty seven percent more likely to take part in gapping than public colleges. Private colleges are a lot more expensive and so they need to bait their aspiring students by allowing them to be accepted, but not allowing them to actually go because they cannot afford it. At the end of the day, colleges need to face the problem head on instead of creating new way to go around the issue of tuition and those who cannot afford it. Today, there are many grants and extra loans one can either win or apply for, including the Pell Grant. A Pell Grant is a subsidy the United States Federal Government provides for students who need it to pay for college. They are limited to students with financial need, who have not earned their first bachelor’s degree. The Pell Grant program gives out around $34.3 billion per year. These grants help many of those who are struggling with gapping or just with financial aid alone get pay for their education. These loans increase everybody else’s tuition by fifty cents on the dollar. In some cases loans are not only putting those who use them in financial distress, but also those people who pay tuition. The Upper Class of the United States is still included in receiving loans, even though many of
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