Student Debt Research Paper

Finally, the most difficult challenge students face in college is a financial hardship. Many students come from various walks of life and sometimes determining one’s financial capability to offset college costs during the early stages of can be problematic. Some students come from well to do families who have a tremendous capacity to pay full tuition without external assistance. These particular students do not require financial aid or scholarships, as they can meet the institution’s financial requirement regardless of what level in college they may fall under as the source of wealth is derived from the family or families. Other students, however, come from impoverished families whom solely depend on financial aid and work full time or part time

Student loan forgiveness remains such a vital topic to many individuals because the exorbitant costs of post-secondary education require a majority of students to take on debt in order to simply improve themselves and advance intellectually. Thousands of students are graduating college every year, each with several thousands of dollars in debt. This area is important to research because it will provide insight into the futures of all college students immersed in the deep debt that appears to consistently accompany a quality education. Finances are important to many college students, especially when it is hard to receive scholarships to cover schooling expenses. When going through college, students stress about the amount of debt that they acquire throughout their post-secondary schooling and learning about the potential to have these debts forgiven is monumental.

Although many people are considering student loan debt to be a national crisis, we must understand the reality behind it. Unfortunately not everyone is fortunate enough to make it through college without accumulating debt. In Robin Wilson’s essay, “A Lifetime of Student Debt? Not Likely”, she makes a compelling argument that shows how students get involved with really high debt. She claims, “…the problem among students who go heavily into debt is that they are determined to attend their dream college, no matter what the cost (257).” It is a true statement because students want to turn their dream into a reality. All students can reach their goal of attending a dream college by first choosing a community college in order to decrease the amount of student loans.

Student loan debt is the second leading component of American consumer debt. Student loans can be seen as a challenge that has to be overcome, on top of college itself. This is an opportunity for college students or former college students to show their responsibility. It is the responsibility of the student to find some way to pay this debt. This situation should not be the taxpayers’ problem. Student loan debt is a problem that does not always have an easy solution for the debtor.

Student debt is becoming a big issue that is affecting many individuals in the United States, some having to decide between going to school or being in debt for years after they have finished their education. Most people want to have a great paying career and need to go to school for many years but do not have the financial means to pay for college or qualify for financial aid, seeking other options to get their education such as applying for student loans or credit cards. College students should not be worried about how much debt is being accumulated and how it can affect them in their future. This paper will examine the possible solutions to student debt such as student forgiveness, allowing bankruptcy, or eliminating private lending agencies. Having these options will help students with a good paying career from living paycheck to paycheck and become more financially stable.

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.

A decade ago, student loans barely existed. Today, however, American students borrow up to couple million dollars a year to attend college. An entire generation is burdened with debt, and affected by the modern phenomena known as the “student debt crisis.” In recent years, student loan borrowing rates have risen notably, leading to concern about the public financial risks associated with the financial challenges faced by many students. Of late, the United States government has given out about $170 billion in financial aid annually in an effort to encourage students to attend postsecondary education. Such funding are usually supported by research that consistently finds positive and growing average economic benefits of

Go to College; Live Your Dream...If Your Dream is to Spend Your Life in Debt

As Young teenagers become adults and start College, one issue that doesn’t seem as a big deal at the moment for many students are student loans. Young college students who don’t have the money, don’t have enough scholarship money, or family who doesn’t have the money to pay, will apply for student loans each year. They amount the student receives can vary depending on the college and what the student has achieved academically. Though interest rates are low with subsidized being 4.29% and unsubsidized being 5.84% ("Federal Student Aid" Interest rates and Fees), student loans still have a huge effect on college students once they graduate. One college graduate’s story helps explain the struggles for most students:

Student debt has become harder and harder for borrowers to pay back. According to Ivanchev, student debt has increased from seven-percent in 2003 to about fifteen-percent in 2012 (2014). If you go into default on your loans you could lose your professional license in some states, or even have your driver’s license suspended. Congress needs to fix student aid so that it’ll lower interest rates, and in some cases forgive debt; according to federal agencies, student debt is creating a major effect on the economy and its borrowers.

Just how bad are college students in debt in the Unites States? In the United States student debt is completely out of control but more serious for vulnerable groups. A student loan is arranged to help students pay for colleges tuition, books, and living expenses. If you apply for financial aid, you may be offered loans as part of your school’s financial aid offer. A loan is money you borrow and must pay back.

According to the U.S census,there are 16 million college students and 71% end up in student loan debt;and that number has been increasing since 2012 and has combined to a total of 1.3 million dollars in student loan debt.Student loan debt has become a recurring issue over the years with students,presidential candidates,governments fighting for ways or not fighting for ways to implement new programs to make college cheaper but it has not been efficient in making college affordable for the poor or middle class. This is such an important topic for me and those 16 million students more than half of whom are struggling to pay off that student debt.This is why I believe that researching the overwhelming concern that there is not much support for both college athletes and academically excelled students,who struggle to pay for college because of how expensive it is and how little scholarships they receive despite their excellence is important to helping spread the need for change to help decrease student debt.High School athletes who decide to play sports at the collegiate level get the chance to go to college and play their sport while having their expenses covered entirely;despite this, it is an opportunity only given to very few students.Just like athletes struggle most colleges will not offer a full-time scholarship to students with higher academic success unless that student has higher than a 34 on the act or a grade point average higher than a 4.0,which is statistically

According to the Institute for College Access and Success, about seventy-one percent of students from a four-year university, graduates with student debt. Student debt alter from graduation from a public college or private non-profit college estimating around 25,000 to 39,000 dollars. With the Student Loan Forgiveness Program, it allows students the option to choice a firm career path, join the military branch, and better their life knowing the student debt will be reduced or forgiving. (“Average student loan debt, 1993-2012.”)

As the cost of education increases, many students search for assistance to help cover that cost. That form of assistance could come from burdensome financial aid or a scholarship that provides the student with an education free from debt. That’s why I am writing you today Mr. Alan Hall on behalf of the Student Scholarship Committee, bellow we have outlined the (1) the benefits to the student, (2) the benefits to you, and (3) how you can take action to help.

In 2016, an accumulation of almost 1.4 trillion dollars of student loan debt was outstanding in America (Kess). Students from all over the nation, and the world for that matter, are going to higher education without the financial ability to do so. One of the few options for financial aid available to these prospective college students is to take out student loans to pay for the high tuition of most universities and colleges. While these loans are a modality for attending higher education, they often come with strings. Along with being several thousand dollars in debt, interest also accumulates into the total amount of the owed financial total. Until these loans are repaid the interest keep accumulating and the debt grows. With debt still affecting students negatively well after they finish their higher education, the price of college tuition should be abated.