National Student Debt
RESOLUTION ANALYSIS
Background of Controversy: As the cost of education is on the rise students and their parents are trying to come up with the money to go to college. The usual steps are to seek grants from the government, private organizations, and from organizations setup through the colleges themselves. There are also loans that are made through the private sector and those from government based organizations. Some students go as far as trying to pay for college using credit cards. In the end students seeking higher education graduate with enormous debt, creating a larger burden on the economy and those struggling to pay off these bills. If the situation concerning the national student debt is not handled correctly then this country will find itself with a much larger problem in the near future.
Proposition of Policy: The Federal and State government should institute policies to significantly reduce the national student debt.
Definitions:
The definition of default is provided by Business Dictionary.Com “Borrowing: Failure to meet the terms of a loan agreement. Its two types are (1) Fiscal: Failure to make repayment on the due date. Generally, if a payment is 30 days overdue, the loan is in default. (2) Covenantal: Failure to live up to one or more covenants of the loan agreement such as exceeding the prescribed total borrowings.”
Business Dictionary.Com provides a definition for endowment as “Gift of money or income producing property to a public organization (such as a hospital or university) for a specific purpose (such as research or scholarships). Generally, the endowed asset is kept intact and only the income generated by it is consumed.”
Claim 1: The national student debt is a large problem.
Sub Claim A: The national student debt is a large problem because the cost of tuition is becoming more expensive.
Grounds A1: The research gathered by Matthew Reed in his paper, “Student Debt and the Class of 2007,” published in October 2008 by
Background of Controversy: As the cost of education is on the rise students and their parents are trying to come up with the money to go to college. The usual steps are to seek grants from the government, private organizations, and from organizations setup through the colleges themselves. There are also loans that are made through the private sector and those from government based organizations. Some students go as far as trying to pay for college using credit cards. In the end students seeking higher education graduate with enormous debt, creating a larger burden on the economy and those struggling to pay off these bills. If the situation concerning the national student debt is not handled correctly then this country will find itself with a much larger problem in the near future.
Proposition of Policy: The Federal and State government should institute policies to significantly reduce the national student debt.
Definitions:
The definition of default is provided by Business Dictionary.Com “Borrowing: Failure to meet the terms of a loan agreement. Its two types are (1) Fiscal: Failure to make repayment on the due date. Generally, if a payment is 30 days overdue, the loan is in default. (2) Covenantal: Failure to live up to one or more covenants of the loan agreement such as exceeding the prescribed total borrowings.”
Business Dictionary.Com provides a definition for endowment as “Gift of money or income producing property to a public organization (such as a hospital or university) for a specific purpose (such as research or scholarships). Generally, the endowed asset is kept intact and only the income generated by it is consumed.”
Claim 1: The national student debt is a large problem.
Sub Claim A: The national student debt is a large problem because the cost of tuition is becoming more expensive.
Grounds A1: The research gathered by Matthew Reed in his paper, “Student Debt and the Class of 2007,” published in October 2008 by
Cited: * Clemmitt, M. (2008, January 25). Student aid. CQ Researcher, 18, 73-96. Retrieved May 17, 2009, from CQ Researcher Online, http://library.cqpress.com/cqresearcher/cqresrre2008012500 * Hass, Christopher * “Model Legislation: A Federal Tax Credit for Student Loan Interest” The Project on Student Debt, 2007 http://projectonstudentdebt.org/initiative_view.php?initiative_idx=5 * Reed, Matthew * Rhee, Foon. “Obama says he’s ready to battle on student loan reform.” The Boston Globe, April, 24, 2009 http://www.boston.com/news/politics/politicalintelligence/2009/04/obama_says_hes_2.html