Democratic Senator Elizabeth Warren expressed her concerns about Navient's acquisition of Earnest and further involvement in the private student loan market according to an interview with The International Business Times. She even mentioned that Navient should not be allowed to service federal student loans.…
This website contains statistics about student loans such as how much money the average students owes or how much all the students in America all together owe and how much the percentage has risen since a certain year.…
The student debt in the United States alone is in the trillions. According to Forbes and the Federal Reserve Bank of New York, the student loan debt is between 902 billion and 1.2 trillion (How). Since the economy took a plunge in 2008, a big issue is that not enough graduates are able to find job opportunities that can help pay off their debt, and on top of that support themselves independently. “Americans who received bachelor’s degrees in 2008 were roughly twice as likely to be unemployed after a year than were their peers who graduated in 1993 and 2000…(Inside).” The supply and demand of employment is slim and fiercely competitive. Of those that had the opportunity to get a job, 27 percent of them reported that it was unrelated to the degree…
As a first generation college student I did not know what to expect from college. Sure I had heard plenty of stories from my peers and high school teachers, however, hearing a story and actually experiencing is very different. I had heard all too many times things such as- you will be more independent, be sure to ask a lot of questions, and most importantly college is very expensive. Whenever someone would talk about the tuition issue among different universities a certain question ways lingered in my head. I asked myself, “Is college worth it?”.…
Student debt is a huge concern amongst college students, especially those that attend Rutgers University.…
The Younger family is in this financial situation not completely from irresponsibility but also from their incapability to easily excel in the world they live in. their options are minimal being a black family in a world control by white families.…
The main idea of this essay is to present the purpose of Student loans and their effects on college expenses. “Is student loan a lifetime situation”? “Are students frustrated with college loans”? Is making a decision to borrow money in order to attend college often amounts to a “financial disaster”? “People not paying attention to their debt”? “Is this generation only thinking about the next month’s payment”? “Are students graduating with an enormous amount of debt equal to a mortgage on a nice home”? Main perspectives will be impending from the author Robin Wilson.…
Student loans become something that students have to worry about for the rest of their lives. Debt will affect a lot of things in their life that college students don’t think about. A lot of students do not realize that they must back the loan plus interest, the interest on some loans can end up being more expensive than the loan itself. After school, they must find a job, pay for living expenses, and pay off their loans. People take on massive amounts of debt and they don’t think of the consequences. They end up with so much debt that it takes them their entire lives to pay off the loans and money they borrowed. Dwyer, et al. writes that taking out loans makes it more likely that a student will complete college, to a point. Students who keep…
Reed Curtis is a graduate student in the Higher Education and Student Affairs program at the University of South Carolina. He is also employed at the National Resource Center for The First-Year Experience and Students in Transition. He can be reached at curtisrt@gmail.com or…
Kayla Webley touched on a topic that will soon hit very close to home for me. Student loans have been a necessary evil during my schooling and, as the end of school approaches, I too will be faced with the daunting task of repayment. While there are many good points made in her article, I am by no means on board with the idea. Simply giving a “bailout” for college graduates who owe loans is an extremely easy way out for many successful graduates. Yes, there are people who struggle with repayment, but what about the graduates who choose to make other leisure-related financial commitments a priority, rather than paying what is owed for their education?…
One of the progressions impacts the installment of understudy loan consolidations, both for government and for private understudy loans. The installments will now be founded on the understudy's salary. In the event that an understudy can demonstrate that he or she experiences 'incomplete money related hardships' then the installments made month to month on an understudy loan consolidation will be constrained at around 15 percent taken from an understudy's present salary, rather than a set cost for each understudy. This is a piece of their School Cost Diminishment Act alongside their Entrance Demonstration. Those progressions will produce results the year 2009 starting July first. For those understudies that put in no less than ten years in…
The Gallop poll studies the link between student debt and long term challenges a college graduate faces. The poll shows that those with more student debt tend to have more difficulties in four out of five categories of well-being. The four categories of well-being include community, physical, purpose and financial. This topic is important to society today because it is now becoming harder to afford a full college education so students are turning to student loans which can be a burden for a lifetime. Student loans are great for those who are interested in pursuing their education with little to no money to afford school. On the competitive real world side of things, the career market is demanding that potential workers have some sort of degree, preferably a bachelors. Because of this new demand, people have the desire and the need to further their education in order to make a decent income in today’s economy.…
Student debt has been a huge problem of college students. Most college students is stressed out thinking of repaying of their debt while in school and even after graduate. Without knowing, college student health is being affected because of their debt.…
Research suggests that increased student loan debt is creating a negative, ripple effect on local economies, because graduates are starting families later, buying homes later, and are repaying loan debt with their professional earnings rather than spending back into their local economy.…
Student loans are something that haunts us all. It even scares some people from wanting to go to college just because they don't want to face the student loans afterwards. 70% of graduates are leaving school with some extra financial baggage. So, they made a thing called “Student Loan Forgiveness” this is a program that helps out working people manage their student loan debt after 10 years. The question is, is this really a good program like it may seem? They say that having student loan forgiveness will help boost the economy by allowing the people who just got out of college to be able to afford nice things like houses and cars, allowing the economy to boost. Although that may potentially be true, there are many other…