Student Loan Debt: Should We Forgive? EN1123 Most Americans would agree that higher education is important. Compared to years ago‚ when a high school education was acceptable in most jobs‚ a college degree is now required in the majority of positions. But what if you can’t afford to get a degree? What then? For many‚ student loans are the only way to finance one’s education. Paying out of pocket simply isn’t a reality for most‚ so they rely on state and national government to provide them the
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Opportunity of a lifetime The metaphor‚ “When one door closes‚ another opens” is a famous quote by Alexander Graham Bell. When one door closes‚ this finishes the chapter of one aspect of their life. When another door opens‚ becomes an opportunity to start something new. An alternative metaphor that I’ve chosen is “If an opportunity doesn’t knock‚ build a door” presents as an opportunity waiting to happen. But one must work hard for the opportunity and should not expect the reward to happen easily
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Higher Education: Students vs. Debt Tuition rates in America are becoming more and more expensive and unaffordable for the average student. Universities keep raising rates every year‚ leaving students without a choice but to pay for the education they have already started. Financial aid offices give students a number when they are accepted to school‚ and this number indicates how much of your tuition tab the state will pick up. However‚ this number is subject to change every year‚ erasing all stability
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Moments Of A Lifetime A year ago‚ I was waiting for that particular letter everyday. That letter that I knew would either help me live my American dream or the other way round. I was already half way across the world‚ leaving behind all those stuff that matters to me at that moment before I even fully prepared myself for it. I landed myself at a place where nine months ago‚ I had no idea that it existed in the map of America‚ it was “The Show-Me State”‚ Missouri. I walked as slow as I can to
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Student Loan Debt Relief Student loan debt relief is a controversial issue in America today. Student loan debt affects twelve million college students‚ roughly 60% of all college attendees‚ per year (Student Loan Debt Statistics). Student loan debt relief rose to the forefront of economic news during the financial market crash of 2008. The U.S. Government has developed a debt relief plan that extends payments over a 25-year period‚ with a full forgiveness of all remaining debt at the end of
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Student debt consolidation loan usually will have a lower interest rates compared to credit cards. Student loan consolidation can be beneficial in improving student’s credit rating as such loans on sanction are immediately reported to all the credit agencies by the lenders. Student debt consolidation loan‚ is a facility granted to students enabling them to pursue higher studies.The recovery of such loans are spread over a longer period of time that too at lower interest rates and can save you a
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College expenses and debt has become one of the biggest fears for students alike. Myself‚ for an example‚ I think college debt is one of the biggest fears for going for a degree further that a high school diploma. High schoolers have jobs‚ not to learn about work ethic (although their parents appreciate that aspect)‚ but to save money for the future‚ or college. There are many changes that could be made to help correct the ever-growing college debt problem in America. Students must learn to be wary
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money to pay off bills. Unfortunately‚ in order to pay for higher education students are becoming more reliable on financial aid in order to help pay for just one semester of college‚ which can cost up to $20‚000. Many people may say that it is crucial to pay all of this money in order to attend college‚ but most students are being put into debt‚ they are being required to take out loans‚ and most of the money that students pay towards their college tuition does not benefit them directly. The cost
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Although this can be due to a variety of reasons‚ I set out to discover one in particular‚ the alarming cost of student loan debt. Each year the rise of student loan debt has become an increasing concern for prospective students because of the growing pace of college costs and reliance on loans to finance these costs. As a result‚ the rate of defaults is also increasing among students due to many loans going unpaid. Although there are various types and
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way of getting through college without student debt is duel enrolment‚ a program that allows students to be enrolled in two separate‚ academically related institutions. Most of the time it refers to high school students who have decided to take college classes. All states except for Alaska‚ New Hampshire‚ and New York have a statewide policy in place allowing high school students to enroll in state or community colleges. It allows qualified high school students to receive a scholarship for a specific
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