Category: Student Loan Debt

The growing problem of the Student Loan Crisis in the United States is driving incoming college freshman away from pursuing further education. Student loan debts cause young adults to question their future, wondering if a college education is worth carrying a huge student debt burden. Coming from a personal experience, I know when applying for…

Many students today are faced with an unending monthly payment of school debt. 44,200,00 Borrowers owe $1,520,000,000,000 in student loan debt and the question is how did we end up here? How did we let this happen to our society where so many people owe money for seeking an education? Fact is, is that our…

Student Loan Debt the fear of many young adults that are going to proceed their education and attend college/university. As you begin high school you are introduced to the world of being a young adult that comes along with many responsibilities and a glance of what your future might await academically meaning your college or…

Looking into the student loan debt crisis I found that the total student loan debt in the U.S. is $1.52 trillion. The average student loan debt for borrowers is $31,172 and the time it takes these borrowers to pay off their debt can be from around 10 to 30 years. We can see from this…

My main goal in this essay is to present to you three major problems (in my opinion and based from the research I have done) that student loan debt is having on an immense amount of people that we live amongst. To achieve this goal, I organized my essay into four main sections. Two of…

Student loan debt is one of the biggest problems in the United States at the moment. There are 1.6 trillion dollars of debt in the country and 44 million are in debt. That’s an average of $36,364 per person. College debt only started in the 80s and it grew very rapidly when President Ronald Reagan…

Within the next year, a majority of the people in this room will already owe roughly $20,300 in debt, a debt that will take roughly 9 years to pay off. How in the world can an eighteen-year-old accumulate this much in debt, you may ask? Well, the answer is – university fees. This debt, along…

Many high school graduates and young adults often feel pressured to pursue a college degree or attend college for the experience itself. However college tuition is at an all time high and student loan debt is at its peak so much so its drawing the countrys attention. People like Josh Kirdy a college graduate, are…

In modern-day society, a post-secondary degree is needed to compete for a well-paying job in the labour market. Higher education is viewed as a necessary long term financial investment to better oneself in their career, however, in reality, it is often a financial risk for students. Student loan debt is an unfortunate norm for many…

Loans taken for the right reason and used efficiently are beneficial to students. Most loan debt crisis among students arises when the borrowed funds are taken for the wrong reasons and also because of poor financial planning. There are various reasons why students take loans, one being to cater for their living expenses. The cost…