The College Debt Trap is written by Janet Bondar. It is a entry on the yes' and no's of college tuition and payment, as well as a couple tips and tricks . This entry by Janet B. is somewhat diverse and will be divided into three different parts. An over all interpretation and opinion of the writer of this analysis will be understood by the reader at the end of this entry. The author of The College Debt Trap is giving very helpful advice to teens and their parents about considering college.…
I have opened a separate savings account strictly for college that I contribute to each week. It is better to set some money aside to cover repayment of my student loan than to feel the full financial burden when it is due.…
“Seven in 10 seniors (69%) who graduated from public and nonprofit colleges in 2014 had student loan debt, with an average of $28,950 per borrower. (Student Debt and the Class of 2014).” Presidential hopeful Bernie Sanders has a very audacious idea that could possibly fix this growing problem. Sander’s unique charisma, reminiscent of the sixties, is reinvigorating young voters who are very fond of his plan to pay collage tuition. His idea deals with economic concepts such as, the government’s fiscal policy and Keynesian economics ideology that plays a big role in the policies of democrats. Sanders idea sounds almost too good to be true; that is because it is. Bob Davis, senior editor at the Wall Street Journal, and Josh Mitchell, staff reporter…
Everyone who wants to go to college is often faced with the same fact, how will I pay? Students often go with the options of taking loans, after much consideration and research, research sometimes based on essays written by authors. Even though Carey and Wilson both address the debt college could put someone in. Wilson provides a more convincing argument due to the fact that he gives more information on statistics of student loans, more information about loans, and an unbiased opinion.…
The core of the article is surrounding student-loan victim interviews. No doubt the famous journalist was able to find five subjects who have been tragically victimized by student loans. The point is; there is absolutely no data in the article offering an alternative perspective. The author identifies very important issues: the loan shark-like collection practices of Sallie Mae’s collection agents, the political scandals of Barrack Obama, the naïveté of teenagers, and the exorbitant inflation of tuition costs; he does little more than fan the flames on the inferno that is the student loan controversy.…
Wilson begins with stating a possible “…national crisis: Student loan borrowing that is threatening the financial future of today’s college students” (256). In other words, Wilson’s statement issues that student loans are beginning to get out of control. On the other hand, many other people borrow an acceptable amount of money, are able to repay it, and become a better person by getting a college education. According to Wilson, “More often, the problem among students who go heavily into debt is that they are determined to attend their dream college, no matter the cost” (257). Wilson’s point is that it may be the college itself that is In Robin Wilson’s article A Lifetime of Student Debt? Not Likely, Wilson compares on how even though student loans can get out of control; they do not have to affect the rest of a person’s life. Wilson begins with stating a possible “…national crisis: Student loan borrowing that is threatening the financial future of today’s college students” (256). In other words, Wilson’s statement issues that student loans are beginning to get out of…
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…
While I agree that student loan debt is always in the back of a medical student’s mind, I disagree with the idea that it is a significant driving force for specialty choice or that it prevents people from entering primary care. Just as the data in this article suggests, I believe most medical students choose their specialty based upon personality fit and how well a specialty complements their interests, goals, and values. In my personal experience, enjoying a clerkship and feeling a connection with individuals within a given specialty increases the likelihood of considering said specialty, regardless of potential for monetary gain. Monetary gain may be a secondary factor for some students, depending upon their goals, however I do not believe…
Student debt is a huge concern amongst college students, especially those that attend Rutgers University.…
“In Debt We Trust America” was an incredibly eye-opening video for me. Family and friends constantly warn me of the dangers of debt, but I was unaware of just how much of a problem it is. For me, one of the most informational, or perhaps motivational parts of the video, was the portion on students in college. Constant increases in college tuition are putting a more drastic burden on college students and their families. In the video, it mentioned that the…
Student loans are a savior and a demon put together into one by the government. On one side student loans have numerous amounts of pros that shine a golden light on the loans making them look as if they are a savior to humanity. Some of these prospects include the hassle free process it takes to actually get a student loan, the boost of your credit score if you can pay it off in the allotted time, and they open up the opportunity for anyone to go to college. On the other side of the spectrum student loans are horrible plagues on society. The student loans can be bad in the cases of putting the person in extreme debt, ruining their credit if the person cannot pay, and even ruining the person’s mental health.…
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…
There is no American dream that can be achieved because people aren’t able to get jobs today because of illegal people are taking the real American jobs and that we can’t do anything to stop them. “No person can maximize the American dream on minimum wage” by, Benjamin Todd Jealous. All the houses that people want to own are getting way too overpriced because of the society. You can’t find a good job when you get out of college because they are already taken and there are no other companies that could help get you a job. The last reason is that student debt is getting bad in the last couple of years because it is starting to get more expensive and people getting out of college have nothing to do since they don’t have any money to go anywhere or live anywhere.…
Not everyone agrees that this is the way to solve these problems, however. Some say to get a bankrupt father and to be free for any federal student-loan program. But this part it does not true because the students need to pay back the loan plus interest rates. Others point out that people blame the government, anybody force the students to ask for a federal student-loan, and the government is still there to help you with the school tuition and books. If your choice to have a loan you will be responsible to pay back.…
Student debt in on the rise. It arises from the increasing college tuition costs. It makes college attendance prohibitive to many people. Additionally, it translates to a higher student loan debts. College is expensive, to a point that many people consider it a dream come true to attend college. The current developments in the world mean that there are an ever-increasing number of new courses. Moreover, the costs are on the rise to remain current with educational developments. Individuals who are disproportionately affected include people of color and the poor.…