Benefits Of A Student Loan Debt - 991 Words

When a student finally graduates from college there is this excitement that comes to you. You finally graduated and now can apply the things you have learned in the job or career you plan on. Unfortunately, it’s not that simple, many graduating student finds themselves in hug student loan debt. The numbers are staggering: more than $1.2 trillion in outstanding student loan debt, 40 million borrowers, an average balance of $29,000. Men and women laboring under student debt are postponing marriage, childbearing and home purchases, and... pretty evidently limiting the percentage of young people who start a business or try to do something entrepreneurial,. (Daniels) There are many factors that contribute to student loan debt some of which are, increase in tuition, out of state fees and private colleges. In fact, the cost of education always rises faster than inflation. The cost of operating a college is getting higher and at the same time, governments are contributing less money. State support for public colleges and universities has fallen by about 26 percent per full-time student in the last 20 years. (Luzer) For the 2011-12 academic year, average tuition and fees range from $2,963 per year at public two-year colleges and $6,604 at public bachelor’s colleges, to $35,195 at private doctoral universities. In 2015-16 the cost of a four-year private school was $32,405, and $43,921 if you add on fee, room and board. (Tuition and Fee) The cost of tuition will inevitably raise dueShow MoreRelatedStudent Loan Debt On College Students887 Words   |  4 PagesStudent Loan Debt on College Students Student loans are becoming more and more of a problem for college students all across the United States. As college tuition has significantly increased over the past years, it has become extremely common for most college students to finance their education through student loans. Tuition has become so expensive that it is almost unheard of for a student to pay for their tuition out of pocket or by working for their education part time. As the result ofRead MoreCSR Program Proposal for Columbia Bank1238 Words   |  5 PagesColumbia Bank with a focus on student loan debt in our community. This CSR program could be implemented in addition to the community and customer events currently arranged on the branch level. Columbia Bank, and the local communities we serve, would greatly benefit from offering a CSR program that focuses on educating high school students, college students, parents and any potential borrower on the long-term implications of excessive student loan debt. Student Loan Debt and Our Community The firstRead MoreEducation Is Crucial If One Were To Be Successful In Life.1309 Words   |  6 Pagesstruggling to pay their student loans. Students who try to further their education have had this issue for ongoing years. Not only does a student try to acquire as much knowledge as one can, but it is not a guarantee that once a student graduates from college, that he or she will have an occupation. This all factors into how it has become strenuous for students to pay their student loans when tuition fees are excessive instead of being affordable for each student. Therefore, student loans should be forgivenRead MoreStudent Loan Debt And Its Effect On Our Economy1431 Words   |  6 Pagesyears student loans has increasingly began to affect our economy and is a large and growing issue. Mounting student loan debt is ricocheting through the United States, now affecting institutions and economic patterns that have been at the core of America s very might (Holland 2015). General economic principles are affected by the constantly growing student loan debt in the economy. Macroeconomic indices are identified and defined with their roles in student debt growth and affect in students’ livesRead MoreStudent Debt Crisis And Its Effects On The Economy1586 Words   |  7 Pagesstudent debt crisis has reached an all time high with debt reaching a total of 1.3 trillion dollars across the United States.With tuition cost increasing,lack of scholarships and unpaid back loans,student debt will continue to increase even higher.The enormous amount of debt put upon each student creates the inability of those students to help the economy grow.Our economy as we know it is a loop and decreasing the student debt significantly will help the economy grow.Instead of putting that moneyRead MoreIs College Education A Tax Policy Program? Essay1635 Words   |  7 Pagesaftermath are not that bright. Because almost all students can’t afford to attend college, the consumption of student loans comes back to haunt them in the end. Since the government is not doing anything to fix this problem to help relieve people of student loan debt, every employment companies should establish a tax policy program for their employees to reduce their debt. Every year, the consumption of student loans keeps on increasing. Students are put into helpless positions to afford a collegeRead MoreStudents Should Start Planning For College At The Beginning Of High School1443 Words   |  6 Pagesresult of, the amount the government puts in (Student Loan Quotes, 2015). The average student leaves college with an average of $35,000 of debt. With this debt, students have to put off major life decisions such as starting a family or buying a house, for the reason that their debt has accumulated from their college years (Protective). Parent’s advocacy and smart money planning in earlier years, students could overcome the amount of college debt. Students should start planning for college at the beginningRead MoreStudent Loan Debt Is Not Worth Going Into1335 Words   |  6 Pagesdecade student loan debt has risen substantially and is now one of the largest form of personal debt in America, totaling about one trillion dollars, with 71 percent of students who earn a bachelors degree graduating with debt, with the average amount of debt being $29,400. This topic has become a very important issue, with some people saying that student loans could be the next bubble and could do what the real estate bubble did to the U.S economy in 2007 and 2009. If student loans are becomingRead MoreGraduation Speech : High School Seniors944 Words   |  4 Pagesmay be scarce, many people resort to the only choice they have left and take out student loans. Which in essence is what is crippling our economy. According to the Wall Street Journal an astonishing 34% of college graduates move back in with their parents. As the years have gone on, the cost of tuition has also gone up, and for the first time in history the debt accumulated from higher education has surpassed the debt from credit cards. Some schools across the country have raised the cost of tuitionRead MoreA lifetime of student debt889 Words   |  4 PagesA Lifetime of Student Debt? Not Likely. Robin Wilson had quite a compelling article, showing the potential contrast with the debt vs. the quality of life and stability a degree can provide. Wilson overall points show that the American dream we are all striving for has changed. She is able to demonstrate this through the use of several anecdotes. Wilson interviews with various professionals to see how they use these degrees to better themselves. In doing so she highlights various pros and cons