Student Loans

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Student Loans The federal government has the power to cutback the funding of student loans. There are several different ways the government can go about doing this. One way is to keep the amount of each loan the same and reduce the number of loans granted. Another option the government has is to reduce the amount of each loan and issue the same number as in the past. Either way, students that belong to a low-income family will be greatly affected. Cutbacks in the funding of student loans have several effects. One effect is less fortunate individuals will miss the opportunity of attending college. However, it is not that the poor are unintelligent, but can not afford to attend college without a loan. There is no such rule,…show more content…
In a case such as this, young adults will be forced to drop out of school and into the work field. Student loans help low-income families to achieve their highest potential. Another effect is that many colleges will become financially burdened. The amount of money a school receives depends on the number of students enrolled. This money is divided among the schools fixed costs that include teacher salaries, programs, new equipment, and campus beautification. With a decrease in students several sacrifices will have to be made. For example, there might not be enough money to pay all the teachers that are currently staffed. As a result many of them will be laid off. There will also be a cutback in the number of classes, which are being offered due to the limited staff. Equipment such as microscopes, computers, and lab supplies will not be updated and replaced as quickly as well. College sports programs maybe one of the first to be cancelled because given such tight budget educators will want to put their funds toward academics. Finally, the economy as a whole will suffer. In toadays work field businesses usually search for well-educated individuals to add to their successful team. As student enrollment drops there are less educated students that graduate. This makes it difficult for businesses to find individuals with the right knowledge, training, and skills for open positions. When a business is understaffed, they have a difficult time in keeping

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