How To Avoid College Loans

In order for me to pay for my post-secondary education I filed for FAFSA which is the free application for federal student aid. I will also find a job while I am in school and try to apply for as many scholarships as possible. If I can’t get money from any of this resources then I will have to take student loans, but it will be my last option which I hope I don’t have to turn to. Since two of my sisters are also in college this year I will

Throughout my college years, neither of my parents were very supportive financially. Therefore, I typically work full time each summer and save a large portion of my income and then depend on that money during the school year. I work

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.

An estimated 20 million Americans attend college each year, and 60% of those students borrow annually to pay for it (qtd. in asa.org, “Student Loan Debt Statistics”). Moreover, citizens continuing to pay off debt after schooling brings the overall number of student-loan-borrowers to about 40 million- with a collective 1 trillion dollars in debt (McCarthy, “10 Fun Facts About the Student Debt Crisis); a fourth of these borrowers owe over $28,000, a tenth owe over $54,000, 3.1% owe more than $100,000, “and 0.45 percent of borrowers, or 167,000 people, owe more than $200,000” (Haughwout, “Grading Student Loans”). While some view this predicament as the result of laziness or carelessness, the bulk of this substantial group are not at fault.

Financial support has played an important role for college students, especially for university students, whose family could not support their education after they have graduated from high school. Due to this situation, students have to go through a lot of problems with their tuition fees to be able to continue with their education. They always need a large amount of money besides paying for the tuition but also for living, and students have to go through a lot of problems with their tuition fees in order to be able to finish their career on time and earn a better living in the future. Some students will choose to go to work part time while at school, so they can pay for their fees and their own expense, such as gas, foods, and clothing. On the other hand, most of students will choose to take out loans from somewhere else, such as the bank or federal loans. This way, students who choose to take out a loan could focus on their education without worrying about how to pay for their fees. It is very important for students to acknowledges and be aware of the different types of student loans, and all the requirements before students decide to obtain a loan. Because of the raise in tuition leads to the existence of the student loan debt is a burden that is a financial impact on lifestyle changes, such as postpone couples to get married, to have children, to buy a house and to save for retirement.

Now that I'm a senior I guess college is right around the corner, along with the dreaded expenses. Paying for college can be a stressful experience or a walk through the park. For most it's a mightmare, because of the debt they are or will be in. I've always been concerned about how my family and I were going to pay for college. Fortunately there are many options I can take advantage of to avoid a horrible financial fate.

Research has revealed that Student loans make up 54 percent of aid for college tuition, making them the largest form of loans awarded to students. With the increase in student loans, the rate of defaults are on the rise, this could be the attributed to the high-unemployment rate or other financial factors. Student loans continue to be an albatross around the neck of many students, every year there is a marked increase in student borrowers. The rise in the increase of students loans coupled with the overall expenses for college has grown faster than inflation. Why is this? Experts contend that more and more students are increasingly taking out a series of student loans, thus compounding the debt ratio. Taking on new student loans only increases your debt, thereby, sinking you further and further into financial crisis. It is straightforward, the more debt you incur, the deeper the debt spiral.

According to Business Insider, there is roughly 1.3 trillion dollars in total student loan debt. Of that 1.3 trillion dollars, 863 billion dollars was issued from the federal government. This is problematic because there are 40 million people each year that are paying off student loan debt. In my eyes, the purpose of higher education is to be able to take your education to contribute to the economy as well as improve your own quality of life. Continually having to pay off student loan debt almost takes the purpose away from being institutionally educated. Having to pay off student loan debt post-graduation is simply life taking. Recipients of higher education do not deserve student loan debt. Imagine if the average American had their debt wiped

As a second year college student I have a very difficult time paying for college even with the help of my parents. Working every summer full-time at near minimum wage barely pays for my portion of college. In fact, a few summers I have worked two jobs, one full-time the other near full-time, and I still have a hard time paying for college. Many students that do not receive help to pay for their college by their parents often work while they are at school. This does not

Financial support has played an important role for college students, especially for university students, whose family could not support their education after they have graduated from high school. Due to this situation, students have to go through a lot of problems with their tuition fees to be able to continue with their education. They always need a large amount of money besides paying for the tuition but also for living, and students have to go through a lot of problems with their tuition fees in order to be able to finish their career on time and earn a better living in the future. Some students will choose to go to work part time while at school, so they can pay for their fees and their own expense, such as gas, foods, and clothing. On the other hand, most of students will choose to take out loans from somewhere else, such as the bank or federal loans. This way, students who choose to take out a loan could focus on their education without worrying about how to pay for their fees. It is very important for students to acknowledges and be aware of the different types of student loans, and all the requirements before students decide to obtain a loan. Because of the raise in tuition leads to the existence of the student loan debt is a burden that is a financial impact on lifestyle changes, such as postpone couples to get married, to have children, to buy a house and to save for retirement.

I didn't know about student loans at all until i took this salt module. I didn't have to take out an loans because i worked over the summer and also I have my parents to help me if i needed it. I never filled for financial aid or anything cause i wouldn't qualify in it. I don't think I will ever take out student loans cause i will have my parents help me.

The federal government has the power to cutback the funding of student loans. There are several different ways the government can go about doing this. One way is to keep the amount of each loan the same and reduce the number of loans granted. Another option the government has is to reduce the amount of each loan and issue the same number as in the past. Either way, students that belong to a low-income family will be greatly affected. Cutbacks in the funding of student loans have several effects.

My parents are paying for my classes because I am not eligible for FAFSA.This means I can not get the government to pay my tuition. Since I am not receiving any scholarships, my only option is to pay out of pocket. Time management will also be another challenge because in a year I will be a college student athlete. It will be pretty hard for me to keep up with my studying although my mind will be focused on getting better in football practice. The amount of homework I will get will be hard for me to finish on time. Also

I live in a community where most of my friends come from China and chose to study aboard in America. And, for this decision, their families would choose to give up the generous welfare system in their hometown, indicating that they will most likely not fall into financial crisis when affording college. Therefore, most of my nearby friends and I will probably consider only college scholarship, but not loans. Unless there happens some emergency in my family, I will not be interested in any college loans.

My financial situation is extremely bad that I cannot afford clothes or books along with transport back and forth from campus to home. It is extremely painful to wake up with nothing in your bank account. I feel stuck sometimes as I know I am a hard worker and if I got a job right now I would work extremely hard and on the other hand, I am poor. My biggest fear is someday all my dreams will come to an end because of my financial difficulties.