Student Loan
Siva Kumar Billa
Erika V Martinez, Ph.D.
ECP 4510
11/19/2017
Student college loan
Over the decade student loan debt have increased rapidly over time due to lump sum borrowing by the student, this was evidently shown by federal student loan debt between 2009 and 2010 when the loan debt amounted to $97 billion. Undergraduate taking a share of $ 66.8 billion and graduate student taking 31 billion, financial expenditure on education has greatly increased resulting to many questions on the level of borrowing among the student and their expenditure on education. The high level of debt owed has made the student in a position of choosing the high paying careers to overcome the financial debt they owe by the time they are graduating at the college. Student end up finishing undergraduate degree programs with over $100000 debt that they owe (Leiber, 2010)
Currently, increase in college premiums have led to drastic increases undergraduates’ enrollment in the colleges from 10.5million in 1980 to 17.5million in 2009 on the other side increasing the yearly amount of federal loans owed by the students. Loan improves …show more content…
The student should focus on the degree completion, the earning associated with the degree and the career field. Student borrowing is a crisis in the economy it has remained a worry on students decisions on college attainment and borrowings.
Reference
1. Avery, Christopher, and Sarah Turner. "Student loans: Do college students borrow too much—or not enough?." The Journal of Economic Perspectives 26.1 (2012): 165-192.
2. Brock, Thomas. "Young adults and higher education: Barriers and breakthroughs to success." The Future of Children 20.1 (2010): 109-132.
3. Chen, Stacey H. "Is Investing in College Education Risky?." State University of New York at Albany, Department of Education Discussion Papers 01-09
Erika V Martinez, Ph.D.
ECP 4510
11/19/2017
Student college loan
Over the decade student loan debt have increased rapidly over time due to lump sum borrowing by the student, this was evidently shown by federal student loan debt between 2009 and 2010 when the loan debt amounted to $97 billion. Undergraduate taking a share of $ 66.8 billion and graduate student taking 31 billion, financial expenditure on education has greatly increased resulting to many questions on the level of borrowing among the student and their expenditure on education. The high level of debt owed has made the student in a position of choosing the high paying careers to overcome the financial debt they owe by the time they are graduating at the college. Student end up finishing undergraduate degree programs with over $100000 debt that they owe (Leiber, 2010)
Currently, increase in college premiums have led to drastic increases undergraduates’ enrollment in the colleges from 10.5million in 1980 to 17.5million in 2009 on the other side increasing the yearly amount of federal loans owed by the students. Loan improves …show more content…
The student should focus on the degree completion, the earning associated with the degree and the career field. Student borrowing is a crisis in the economy it has remained a worry on students decisions on college attainment and borrowings.
Reference
1. Avery, Christopher, and Sarah Turner. "Student loans: Do college students borrow too much—or not enough?." The Journal of Economic Perspectives 26.1 (2012): 165-192.
2. Brock, Thomas. "Young adults and higher education: Barriers and breakthroughs to success." The Future of Children 20.1 (2010): 109-132.
3. Chen, Stacey H. "Is Investing in College Education Risky?." State University of New York at Albany, Department of Education Discussion Papers 01-09