Why Is Not Student Loan Forgiveness - 1161 Words

Student loan forgiveness remains such a vital topic to many individuals because the exorbitant costs of post-secondary education require a majority of students to take on debt in order to simply improve themselves and advance intellectually. Thousands of students are graduating college every year, each with several thousands of dollars in debt. This area is important to research because it will provide insight into the futures of all college students immersed in the deep debt that appears to consistently accompany a quality education. Finances are important to many college students, especially when it is hard to receive scholarships to cover schooling expenses. When going through college, students stress about the amount of debt that they acquire throughout their post-secondary schooling and learning about the potential to have these debts forgiven is monumental. In order to be able to afford the future, it is important to understand the amount of loan debt and the possibility for debt forgiveness to be able to proceed through life. This essay seeks to address the question of whether or not student loan forgiveness is currently adequate for assisting graduates in need of financial assistance. The subject of student loan forgiveness tends to warrant strong opinions from many about whether or not they should occur. In many circumstances, student loans should be forgiven, or at least partially forgiven, and the process to do so should be heavily revised in order to make thisShow MoreRelatedStudent Debt Is Tough And Federal Loan865 Words   |  4 PagesThe qualifications for the program are tough and federal loan forgiveness only applies to federal Direct Loans, not private student loans. If the graduate is lucky enough to land a public service job the graduate must realize that there is no guarantee that the employment will still be around in t en years since no one truly knows how the program will work or if it will work at all. Val Meyers, associate director for the Office of Financial Aid at Michigan State University comments are recorded inRead MoreIs Forgiving Student Loan Debt A Good Idea?972 Words   |  4 PagesAnalysis of Is Forgiving Student Loan Debt a Good Idea Many people would love to have their student loans debt forgive but do not believe it will happen. So Kayla Webley decided to write an article about student loan forgiveness, at the time Webley wrote the article she was the education correspondent for Time magazine. Now she is currently a staff writer for the same magazine. In her article, she claims that the student loan dilemma that is facing a lot of Americans is a problem for your countryRead MoreForgiving Student Loan Debt Essay examples822 Words   |  4 Pagesamount of student loan debt have an effect on the economy? If so would forgiving student loan debt help lower the national debt or would it just increase it? According to Mary Claire Fischer, a writer for Kiplinger’s Personal Finance magazine, â€Å"two-thirds of students who receive bachelor’s degrees leave college with debt in tow† (Fischer). Among these students, the average amount owed is twenty-six thousand dollars (Fischer). There is a six month grace period after graduation to allow the student timeRead MoreEssay on Student Loan Debt Should be Forgiven1256 Words   |  6 PagesDoes the amount of student loan debt have an effect on the economy? If so would forgiving student loan debt help lower the national debt or would it just increase it? According to Mary Claire Fischer, a writer for Kiplinger’s Personal Finance magazine, â€Å"two-thirds of students who receive bachelor’s degrees leave college with an average debt of twenty-six thousand dollars† (Fischer). This means that the average student debt has doubled since 2007 (Ross 24). The total student loan debt is $1.2 trillionRead MoreTypes Of Financial Aid : Grants, Loans, And Work Study Jobs Essay986 Words   |  4 PagesThree types of financial aid are grants, loans, and work-study jobs. Grants are often called â€Å"gift aid† because they are free money—financial aid that doesn’t have to be repaid. Grants are often ne ed-based, while scholarships are usually merit-based.Grants and scholarships can come from the federal government, your state government, your college or career school, or a private or nonprofit organization. Do your research, apply for any grants or scholarships you might be eligible for, and be sure toRead MoreEssay On Student Loans768 Words   |  4 PagesEducation in recent times has embraced a new system regarding student loans, bringing on board a customer-friendly policy. According to this new scheme, students will now have access to loans with easier and less complex repayment terms. This development will help them fast-track the repayment of their debts without hassles. The Department of Education also integrated an income-based repayment plan: a flexible approach geared at facilitating student finance in their most dire hour of need. Sadly, despiteRead MoreStudent Loan Loans Should Not Be Forgiven938 Words   |  4 Pages Should student loan borrowers be forgiven for their debt? The cumulative total of student loan borrowing has already reached $1 trillion dollars already make up more than half of what Barack Obama is pushing to cap the amount any borrower must pay back and forgive outstanding debt after 20 years, even so calling to forgive some or all of the debt that is escalating. Robert Applebaum, the Author behind the Student Loan Forgiveness Act, believes that student loan should be forgiven to highlight anRead MoreStudent Loan Is The Most Powerful Weapon1302 Words   |  6 Pagespowerful, conventional weapons break down, fail, and can be taken while knowledge cannot be. Sadly student loan debts are increasing at an alarming rate. The days of working all summer or part-time throughout the school year in order to pay tuition are long gone and private student loans are the only viable answer for many students aspiring for a professional career. I believe that student loan forgiveness is an issue of the utmost importance in regards to making education more accessible and affordableRead MoreStudent Loans : The Good, The Bad, And The Ugly899 Words   |  4 Pages Running Head: STUDENT LOANS: THE GOOD, THE BAD, AND THE UGLY. Brown-Gorham 1 Student Loans: The Good, The Bad, and the Ugly Da-Mosi Brown-Gorham English 101-23 Western Carolina University Running Head: STUDENT LOANS: THE GOOD, THE BAD, AND THE UGLY. Brown-Gorham 2 Most people are aware that federal student loans are a type of financial aid that must be repaid to the federal government, unlike grants or scholarships. Federal student loans are administered by the United States Government by way ofRead MoreStudent Loan Is A Terrible Idea1308 Words   |  6 PagesStudent 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