Student loans have played an integral role in ensuring that student attends and complete university education. Historically, student loans began with the opportunity for students to…
This website contains statistics about student loans such as how much money the average students owes or how much all the students in America all together owe and how much the percentage has risen since a certain year.…
In October of 2013, 65.9 percent of high school graduates enrolled in college compared to the previous year of 66.2 percent (Bureau of Labor Statistics). However, in recent years many high school graduates are finding themselves hesitant on deciding whether or not to pursue higher education. 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…
Interest on qualified student loan can deduct the interest as a deduction for AGI. This deduction is permitted if the money borrowed was used to finance qualified education expense. In order to deduct the interest on Qualified Student Loan the money must have been paid qualified education expense. The maximum deduction is $2,500 and is phased out for taxpayers with modified AGI in excess 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…
The summaries of your two articles revolving around student loans states the facts and the outrageous things students have to go through to conquer their dreams of attending college or a university which is to basically to debt themselves into attaining multiple students loans from companies that only trick them into then paying more and more of what the first started of with. You also expressed that private loans rely on liquidity from investors which is a controversy in itself because it can be damaging to loaners.…
Your desire to have enough money with which you will be able to finish your studies is always your aim as a student and it is best that you make use of great banks that will help you get the lowest interest loans on your loan as a student. This can be achieved through the simple act that requires that you refinance student loans. Student loans can be refinanced and consolidated by you if your desire is to have some money saved. Refinancing will enable you to have the loans repaid in lower rates while consolidation will help you collapse all your student loans into one interest rate, amount, and repayment.…
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.…
The main idea of this essay is to present the purpose of Student loans and their effects on college expenses. “Is student loan a lifetime situation”? “Are students frustrated with college loans”? Is making a decision to borrow money in order to attend college often amounts to a “financial disaster”? “People not paying attention to their debt”? “Is this generation only thinking about the next month’s payment”? “Are students graduating with an enormous amount of debt equal to a mortgage on a nice home”? Main perspectives will be impending from the author Robin Wilson.…
Federal Student Loans is a secured step in paying for college. “The undergraduate Stafford loans have an interest rates as low as 4.66%, no application fee, and no payments until six months after you graduate.”(Source…
With student loan debt, often incurring interest during the time the graduate is still in school, the debt can be so overwhelming that it interferes with being able to afford daily…
College is a daunting subject for students everywhere. From the moment middle schoolers move on into high school, graduating is the sole widespread focus, and the question of “what will you do afterwards?” begins to be asked. Though many may take a gap year, others will begin to work or continue to work their high school jobs, almost all students will have the same debate: whether they will go to college or not. This has been an ongoing topic for generations, and the variance of opinions regarding college attendance are incredibly diverse, spanning from some people thinking that it’s useless and causes needless debt, to others who think it’s an absolute necessity and good jobs cannot be acquired without it. However, due to the complex and varied debate subject, one must first understand the basis it has stemmed from.…
This article summarizes that college debt keeps increasing every year because college tuition is getting more and more expensive. They also say that each university tries to see what money they can bring in to help students pay for tuition. When students get out of college they have to pay the debt back after a six month period grace. To cut some of the costs they are trying to combine some of the colleges together so the tuition rates are not as high, as if they were separate universities. Now that technology keeps getting more advance each year, people are starting to take their degrees online, because they can get there degree quicker.…
This year the average college student will graduate with at least $20,000 in student loan debt (College access and success). For years higher education has been worshiped with God like influence as a way to escape poverty and attain a career and live the American life. With the rising college tuitions it has become increasingly harder for the middle class to afford college and reap the benefits. Seven out of ten students, will have a burden over their shoulders for years to come as to how to repay the debt. Debt is no respecter of persons: business owners, single parents, teachers and seniors to this day are still constantly bombarded with debt.…