A student loan is considered a contractual agreement between the student and the governmental lender but‚ the question presented is what if the student themselves lacks the ability to understand and comprehend the document in which they are signing and the consequences‚ present or future‚ associated to the student aid agreement? The federal law defines incompetency as: “When a party does not understand the nature and consequences of an agreement that he or she has entered into‚ the law treats
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Forgiveness For Student Loan Debt Danielle McArthur Moore Lorain County Community College 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
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Manageable Student Loans After creating an educational financial plan using steps 1‚ 2‚ and 3 on the U.O.P Tuition and Fees Calculator web page‚ I leaned that I could reduce my tuition by applying for additional grants and/or scholarships. I could also apply and work for a company that offers help with paying for Tuition. If I had been in the military or if I joined the military I could get my tuition lowered. I could receive a monetary gift to use for tuition also. I felt compelled to borrow
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Portfolio Paper: Student Loan Debt and Forgiveness Justin Puckett 5/17/2012 Public Administration: PMG300 Colorado State University Global Campus When it comes to achieving success in the work force and finding a fulfilling and lucrative career there are few things more important that higher education. Going to college and getting a degree is essential in finding success in the work force. The problem is when the cost of gaining that degree outweighs the financial compensation the career that
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government job. I plan on applying for the PSLF some time in my life. Having the knowledge gives the capital to repay my loans in the fastest way and then be able to use my money elsewhere for my future needs. Our topic fits into the overall theme of the class because some people or classes might not have the knowledge to reach these resources to better their capital. The topic about student loans doesn’t apply to everyone. Some classmates might not even have student loans because they have the resources
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fact that they cannot afford it. Thanks to student loans these people now get the opportunity to expand their education and pursue their dream careers. A student loan is a great resource to cover up the costs of obtaining a degree. After investing the time and money into a college education it can actually pay off‚ but you need to be
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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
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Responsibility or Liability? Student Loan Debt and Time Use in College The article included in Social Forces combats the idea that student loans affect college students motivation and even completion. At first look this is a very generic idea‚ but this specific article delves even deeper. It explores the effects of debt on a student in their daily life and how the amalgamation of those days with debt can affect the shaping of the student’s entire life. In order to properly study debt in a college
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The Student Loan Crisis In “College Tuition: The Growing Inefficiency of the Market for Higher Education”‚ Zach Branson elaborates on the dire economic inefficiencies that resulted from the unprecedented increase in university tuition fees. Although Branson proposed several insightful solutions to combat the root causes‚ this response argues that a deeper analysis of the solutions must be considered. Branson posits the idea of reverting to a subsidy-based system instead of the existing loan-based
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of opportunity and it is true. Parents reinforce how significant education is‚ and for many students‚ their goal after college is to live out the "American dream". On the other hand‚ many college graduates are deferring their dreams in place of something else‚ paying off their college debt. Many families across the USA are being bombarded with the difficult decision of pursuing a life full of student loan debt by allowing their children to attend a post-secondary institution. Education is an unescapable
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