Student Loan System For College Students - 1212 Words

Student Loan System Throughout the ages, society has evolved to overcome the challenges it faces from one generation to the next, by learning and advancing further than the previous ones. It has undergone a vast number of changes; however, mankind has never undermined the importance and necessity of a complex and well-educated society. Moreover, it is the duty of each one of us to make sure that the next generation takes a step further than the previous one. With this in mind, society has understood the importance of higher education for the future. Yet, the hesitation we witness today to pursue a degree is due to the high cost of student loans. Truly this is a terrifying thing which cannot be ignored, as it has a direct impact on the future. This indicates how unfair the student loan system is for college students today. A college education has become a necessity in this day and age; however, its costs have become a cause of discouragement for anyone willing to pursue it. Student loans have become one of the highly debated topics of the modern century, so much so that it has begun questioning the need for a college education. Student loans aid students with their expenses, in order for students to focus on their careers and futures. Unlike in the past, when student loans had a considerably low-interest rate and the repayment schedule could be deferred while the student was still in school, student loans of today with their huge interest rates have gotten completely out ofShow MoreRelatedStudent Loan System For College Students1212 Words   |  5 PagesStudent Loan System Throughout the ages, society has evolved to overcome the challenges it faces from one generation to the next, by learning and advancing further than the previous ones. It has undergone a vast number of changes; however, mankind has never undermined the importance and necessity of a complex and well-educated society. Moreover, it is the duty of each one of us to make sure that the next generation takes a step further than the previous one. With this in mind, society has understoodRead MoreThe Average Cost Of Tuition1684 Words   |  7 Pageshow new college graduates will pay their substantial student loans. While seventy percent of college students are forced to take out student loans there’s no question the majority of graduates will be paying for their education over a long period of their life. Student loan debt is also at an all time high in the United States, with a staggering $1.4 trillion dollars of debt solely for student loans. Current presidential candidates are cam paigning to lower college tuition and student loan debt, whileRead MoreThe Ethics Of College Debt1299 Words   |  6 PagesStephanie Jones Period 7 1081 words. College is where you go to get higher sources of education. Many high school students dream of attending college in order to attain more knowledge, yet so many people fail to realize the cost of college. Attending college, currently, is nearly impossible to do without being in some sort of financial debt or seeking out government help. According to the American Association of University Professors, â€Å"two-thirds of American college students graduate with substantial debtRead MoreLoan Speech : Student Loan1424 Words   |  6 PagesStudent Loan Forgiveness Student have debts one way or the other by continuing their education after high school and the student are pressure by their parents or at the counselor’s office in high school to get a degree. The only way is by college they say, but some student can’t afford it up front and need financial aid to help out. Here is when the student get in trouble by signing the application before they read the terms and conduction what they just sign. Some student think they will findRead MoreThe Benefits Of College And The Costs Of Attendance1674 Words   |  7 PagesStudent Loan Crisis Nearly thirty-nine million people residing in the United States hold student debt, coming to approximately $1 billion. Naturally, other forms of consumer credit declined in the recent years, most notable during the recession, and non-surprisingly, student debt continued to rise. Due to this, student loans are now, next to mortgages, the largest source of debt, outstripping credit cards and auto loans. I say that there exists a debt crisis, and a repayment crisis. Student’s areRead MoreFederal Student Aid s Primary Goal932 Words   |  4 Pagesstrategy to make colleges more affordable for low income students. Federal student aid’s primary goal is to help as many students attend college as possible. Financial aid and Pell Grants help low income students who meet certain academic criteria cover the costs of tuition. Low income students are getting a chance to attend college and increase graduation rates from four-year institutions to help close the poverty gap. Colleges and universities should make low income high school students aware of programsRead MoreEducation Reform Needs For A Higher Education System1142 Words   |  5 PagesEducation reform needs to be one of the top priorities among our country. Our current educational system requires people to pay thousands of dollars for a higher education. Students are forced to take out loans that put them into severe deb t for the duration of their live. Low-income students, especially, do not have many options nor are they able to afford higher education and the price is steadily increasing. It is the government’s duty to make this at the forefront of their problems because educationRead MoreThe Old European Derived Model Of The American University1528 Words   |  7 Pagesbut rather a religious haven for students of wealthy families who attended in order to become clergymen. Though the religious presence at these institutions has largely diminished, the overwhelming presence of students of primarily wealthy backgrounds remains. Only recently have colleges, with little avail, attempted to reverse this trend. Non-profit colleges, including two year, four year public, and private colleges are still, on average three fourths students of middle income and above. The currentRead MorePursuing A Career As A Speech Language Pathologist1628 Words   |  7 Pagesexperience could get you far. Nowada ys, a Bachelor’s degree is the new high school diploma. A college degree of a bachelor’s and/or above is needed to even become competitive in the job market, which means young people have to attend college whether or not they have the finances to go. For those that don’t have the finances to attend college will have to take out some form of student loan. Student loan debt has become one of the worst financial nightmares for many young people, and at the same timeRead MorePopping The Bubble : The True Cost Of Student Loans1699 Words   |  7 PagesPopping the Bubble: The True Cost of Student Loans Kyle Laffin is seen as an typical mid 20’s American. He attended college to pursue a degree in accounting and financial freedom, but this came at a cost which he didn’t imagine. He took out a loan with his father as an cosigner for a little over $100,000. Even though he got an accounting job directly out of college, he is now stuck paying back a monthly loan payment of $1,200, when he only makes $3,333 a month before taxes. This has forced his father