Argumentative Essay On Student Loans

Going to college is a great opportunity to broaden your horizons and add to your resume. However, it is often a heavy investment. Many people who are in their twenties end up wishing that they hadn't borrowed as much in student loans for college and managed their money better in general. If they did, it wouldn't be so difficult to make ends meet to meet their obligations once they graduate. Depending on how much they borrowed, some are completely financially unstable and are worse off than when they were in college. So, what can students do to steer clear of the expensive web of student loans? Before you borrow any money for student loans, you should realize that it's not the amount you will be repaying. Student loan interest can add approximately
I am drowning in student loan debit and I am still working on my bachelor's degree. I got my associates of applied science in Medical Administration and I am working on my bachelor's degree in Health Care Management. Since my associate's degree cost so much money, pretty much $39,000, I have to take double classes just to avoid capping off on my student loans. Since I get federal student loans and Pell grants for single mothers, I have to be very careful about everything I do. I was not told that there was a cap off for my loans; I made the mistake of opting to get the excess funds from my student loans send directly to me instead of the lender. I am not certain of the amount of money that was sent back to me personally, but I know it was not a small amount. Looking back at the spending practices for my associates, I was not very wise at all about the way I budgeted my student loan money. There are some things I could have been wiser about, and I wish I would have learned more about student loans in general before I opted for them. So far, my associate's degree has not provided any money toward paying back my student loans. Finding a job with my associate's degree was not the cup of tea I thought it would be. I figured that I would get a job right out of school, just because I had a degree. This was not so at all. Of course I have not been out of college for to long, only a few months, but the immediate reward I was
Student loans are now harder to get and a lot of people are being turned down due to the credit problem that our nation is facing. Most students try to get a federal grant or loan because of the fixed rate in which they can get with this type of loan but even these loans are harder to get and may even get an interest rate hike also. The students that can't get federal loans are then turned to private loans where they will have variable rates. These loans take years longer to payoff and are part of the credit crunch being felt by students and alumni. My personal student loan has a variable rate and trust me, its no where close to being paid off. I know a man that is in his mid thirties and is an IT tech at a very well known and very good company where I live and he makes good money for where we live and he is still paying on his student loans. The guy did go to Auburn though and thats not cheap. Some of the problems that have caused the student loan crisis are people defaulting on loans and either haven't paid them back or just can't pay them. Even a small student loan with a variable rate can end up being a big burden on anyone with everyday bills even if you have a degree and make good money. A lot of lenders have also stopped giving out student loans to a lot of people and have narrowed down people with more