Arguments Against Student Loans

In the year 2007, 18.2 million students enrolled into college. About thirty-nine percent of those students were between the ages of eighteen to twenty-four (Marcus). College is seen as something one must do to be able to have a successful life or career. Student debt is almost guaranteed for anyone that goes into college. Seventy percent of bachelor's degree recipients graduate with student debt. Student loans in just the U.S. alone are up to 1.2 trillion dollars, this is the second highest level of consumer debt, just trailing behind mortgages (Snyder). Student debt has been an issue for anyone thinking about going into, that is attending, and graduating or leaving college. How to solve this issue is very simple, which is to save money, lower

Student loan forgiveness is a terrible idea. Sure, in an idealistic world it would be great if the country could forgive all student loan debt and thus bring relief to all students across the nation. Realistic? Not necessarily! Instead of the fairytale notion of student loan forgiveness being the answer to all the problems, America would fair better in taking the initiative in making reforms to the educational loan system that are a bit more realistic. Student loans are a massive predicament in the U.S. that can no longer be ignored. The Atlantic 311.2 article “The myth of the student-loan crisis(CHARTIST)(Statistical data)” by Allan, Nicole, and Derek Thompson states that to date student loan debt surpasses all other forms of debt with over a one trillion dollars sum (2013). The United States should stop being complacent on an issue that has affected and ruined so many lives and begin finding ways to relieve the proverbial and ever-present menacing “Student Loan” pitfall.

You probably already knew that higher education leads to debt. If you don’t do something about it, you will have to deal with having to pay money for years. Chances are that you are not thinking about your future yet. I understand if you haven’t thought about your future yet. Here’s how I know you probably haven’t thought about it because many of my colleagues have told me that all they thought about in high school is about their girlfriends or boyfriends and not about their college education. Therefore, I’m giving you advice because many past and current college students have been in the same place you are right now. The future may seem far away, but time passes by in a blink of an eye. In no time, you’ll be applying for the college of your dreams. As I researched, I found that most college graduates are left with at least

Do you have money laying around? Would you like to have extra cash to make your dreams come true? Use student loans to pay for college and a college education will pay for its self, with knowledge. A college degree is worth gaining student debt because it will increase one’s potential income, make one successful in life, and make one happier by allowing one to chase one’s dream.

Some people might say that it's too expensive to go to college and it might be impossible to payback the loans. You have good point but you could get scholarship, grant so you could pay for college. Also, you could find a way to raise money to pay for college so you don't have to use student loans. If you do end up using student loans, you could try save enough money to pay back the loans. Also, people with college degree can get enough money to pay back their student

Paying Down Your Student Loan Debt Tens of millions of Americans owe upwards of a combined $1 trillion in student loan debt. Black families are disproportionately trapped in the student debt mire. Black Enterprise reports that upwards of 40 percent of black families struggle with student loans. Not only do more black families have student loan debt, but they have more of it.

Three different articles discuss student debt in different ways. The articles Burke and Huffington Post focus on the problems of student debt whereas Greenblatt focuses on the solutions to student debt.

Student debt is become a huge problem in today’s world. It has been popping up more and more in presidential debates, protests, and the news and media. Currently the amount of student debt is over 1.2 trillion dollars. According to financial experts, the student debt loan bubble will eventually burst, causing more trouble then the housing bubble in 2008. It is evident that student debt loans are a big problem, but then comes the problem of who should pay? Recently, people think they know how should pay, the government. This does not sound like a bad idea at first, the government pays for our college debt and we get to start our careers. Thou, this sounds like a

Should the government do more to alleviate the student loan burden or should they be involved at all? This is a question that has been asked by many people who have realized that the student loan debt was around $1.2 trillion in 2015. Being a college freshman, I believe the government should provide a way for students to get a better understanding of what student loans are and the effect of student loans on their future, provide better oversight of the lenders that work with borrowers and process loan payments, and ensure that struggling borrowers can get help to modify their loans.

“The United States has created a new generation of people that have more student loan debt than at any other time in our history” (Murphey). A vast majority of students are graduating with debt. On average, students are carrying loan amounts big enough to buy a nice car or cover the down payment on a house, but instead of making those investments, or starting a family or a business, they’re struggling to keep up with student loan payments (O’Malley). Student loan debt is a major problem. Student loan debt exceeded credit card debt in 2010, auto loans in 2011, and it passed the $1 trillion mark in 2012.

As most students do, I had to take out student loans for my college degree. Now the question is that when I graduate, do I refinance my loans? Many other students have had the same question, as some students have to pay as high as 7.9 percent interest on their loans. Now, there are a number of politicians that are discussing the student loan crisis, but there are also financial institutions that are joining the discuss.

College students graduate with an average student loan debt of approximately $37000. Of course, that's not the whole story. Millions of college graduates have student loan debts ranging from $50,000 to over $200,000.

According to an article in the Fordham Law Review (2013-2014), more Americans are utilizing student loans to finance higher education (Negri, p. 1908). Negri states that "as of June 30, 2013, student loan balances in the United States reached a historical high of $994 billion" (p. 1908). People are willing to take on a seemingly insurmountable amount of debt and, hope that acquiring an education will increase their income so that they will be able to pay-off these loans. While this is typical behavior for many Americans, there is an ongoing debate as to whether borrowing and lending money is prohibited for Christians and if Christians should assist others in acquiring a loan.

The bank loves this, because the longer you have the loan out, the more money they will make from interest. There are many opportunities for you to go to college for reduced, little, or even no money. As you are going through high school, you should look for ways to get scholarships, or other wise, known as a grants. Scholarships can be achieved on the work that you put into your grades, athletic, or other achievements. FAFSA, or otherwise known as, ¨Free application for federal student aid.¨ A form that is completed annually by current and prospective college students to determine their eligibility for financial aid. Finally, a work study program is a program that allows students to work part time while continuing their studies. One can say that getting loans is the only way to progress in studies without the help of family, however, I strongly believe you can go to college with reduced or no cost if you set yourself up to be successful. Researching information, talking to your counselor, and finding resources about college aid in high school. Finding out what you have to do to achieve these goals, and applying yourself is the best thing you can

My $15,000 debt has been around quite a long time and will probably take me about 10 more years to pay off. There have been periods where I have paid regularly but more periods where I have requested deferments. The government makes it very easy to defer and they give you quite a bit of latitude when it comes to making payments on the debt. I have never been in default and never will be barring a catastrophic life occurrence. I do not resent my debt and it will one day be a memory. Without student loans, I would not have been able to get the wonderful education I received from UCLA. My college years were wonderful - some of the best years of my life. The collegial environment, the rigorous academic requirements, the diverse group of people I came across and forged friendships with all contributed to an enriching educational experience. Therefore, yes the student loans were definitely worth it and they contributed to making me the person I am today. When I lost everything, I still had my education. I was the first person in my immediate family to go to college and received a write up in the local paper when I graduated. My loans were spent strictly on my college education. I was responsible for the cost of my education and used the loans for that purpose along with working two to three part time jobs during the school year and lining up a job for the summer. I have benefited greatly from my education. Not