Student Debt Of High School Students

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The other, increasing in popularity, investment of consumer debt is student loans. Since 2008, student debt has been rising in increments of nearly $100 billion (Schrager). As alarming as it seems, this is not the result of student decisions alone. High school students are being pressured by society to further their education. Students seem to be raised believing a college degree is the ticket to success. However, it is not; anyone can become successful, regardless of background or education. Some students strive for attending college while others have been forced to prevent them from being lethargic. In either scenario, the students are accountable for the inflated tuition as parental contribution begins to decline. Thus, students acquire loans to mask the overall cost. But, the occurring interest throughout their time in school leaves a heavy financial footprint. Three types of students tend to be affected most, graduate, for-profit, and dropouts. Graduate students are permitted to borrow unlimited amounts of money not exceeding their cost of attendance. These students account for 65 percent of graduates who borrowed $50K or more in 2012. The for-profit students are independent of their parents or pursuing a degree greater than four years. For-profit students only constitute nine percent of degree recipients. Dropouts include 59 percent of the students with minimal debt. Because dropouts have a laborious experience job-hunting, they are less likely to repay their loans
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