Student Loan Debt: Is it worth it? Many high school students are beginning their senior year and have already started to stress about how they will pay for their higher education. Although many students will have scholarships and financial aid‚ a lot more will struggle to pay for schooling and will have to take out multiple student loans. Many people wonder if higher education is worth the debt the country and the students are in and it is‚ however‚ there are alternatives.
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The story of student loan debt isn’t too often talked about‚ students don’t take it too serious like they should. College students that barely have time to work spend four years thinking about the student loan; how it will affect their life after college; how they will manage to pay it later. Seven in a total of 10 seniors that graduated back in 2015 had a student loan debt average of $30‚000. It had increased 4% comparing to 2014 graduates. Within the years‚ student loan debt has grown at twice;
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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 and privileges to have school completely
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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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how a student consolidation loan works. When a student first applied for several loans from several different agencies and student loan providers‚ they each gave a different interest rate and term for paying back the loans. The idea of student loan consolidation‚ is to take all the different student loans and put them into one easy convenient loan. You them only have to make one monthly loan payment every month‚ instead of several loan payments every month over time. This saves the student both time
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Student loans become something that students have to worry about for the rest of their lives. Debt will affect a lot of things in their life that college students don’t think about. A lot of students do not realize that they must back the loan plus interest‚ the interest on some loans can end up being more expensive than the loan itself. After school‚ they must find a job‚ pay for living expenses‚ and pay off their loans. People take on massive amounts of debt and they don’t think of the consequences
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Nowadays‚ accumulating debt for college students has become a requirement instead of an option. As students we have to borrow money that will enable us to pay for tuition as well as other expenses that might incurred while in college. However‚ we are set with loose clauses as soon as we sign the promissory note; all loans must be used for school expenses. In reality‚ while we are in college everything becomes a school expense. Our loans covered the basics‚ such as tuition and books and we have to
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DIRECT STAFFORD LOAN POLICY FALL/WINTER 2012-13 To minimize student debt‚ Federal Direct Stafford Loans can only be used to pay for direct educational expenses such as tuition‚ fees‚ books and transportation. Loan funds cannot be used to pay credit card bills for personal purchases‚ child support payments‚ car payments or other non-educational costs. There are‚ however‚ alternative loans available from private lenders to assist with living expenses. If you are awarded a Direct Stafford Loan‚ you must
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MOST IMPORTANT TERMS AND CONDITIONS 1. Purpose for which the loan can be availed: The loan will be sanctioned for extending financial assistance to deserving / meritorious students for pursuing higher education in India and abroad. 2. Courses Eligible: a. Studies in India: Graduation‚ Post-graduation including regular technical and professional Degree/Diploma courses conducted by colleges/universities approved by UGC/ AICTE/IMC/Govt. etc Regular Degree/ Diploma Courses conducted by
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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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