...College is Bad Going to college is a bad decision. in a 2009 survey more than half the students stated that stress interferes with their school work. The average graduate in 2014 had a debt of $28,950. Starting from 1999, student debt has been increasing and is over 500% from then. Even though the average salaries for young people have not. In fact, since 2000, the average salary for young people has decreased to 10% over the years. College is a bad decision because it increases stress, increases debt, and a number of students are unemployed or underemployed. Surveys show that college students are stressed over their academic responsibilities. The Spring 2013 edition of the National College Health Assessment, where the average age of those...
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...nation has been dealing with student loan debt crisis for the longest time. As students graduate from college they have to spend almost more than 50% of their paychecks paying off their debt from buying books to completing a full semester. As students use their savings and hard earned money for paying off their debt they don't have much left to spend on themselves and provide a living without support of families and friends.With the nation's economy already in a bad shape and holding over trillions of dollars in debt it's become difficult for students to find multiple jobs and attain help form the government.As years progress student loan debt has become a bigger issue than credit card debt and is affecting a much bigger population. Student debt crisis is an evolving issue and actions need to be taken in order to support the live sof many people. Student loan...
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...and Benefits Associated with Bad Credit Loans Bad credit loans are a blessing in disguise for those suffering from bad credit history. People unable to pay their bills or loans on time suffer from a bad credit score that affects negatively on their credit history. There are a number of reasons behind a bad credit history including financial crises, bankruptcy, inability to pay bills on time and many others. Recession is one of the major factors behind bad credit history of the people as they suffer from financial crises due to poor economic conditions and by loosing their jobs. Inflation is another solid reason that leads to poor credit scores. Bad credit loans help you enjoying the privilege of enjoying loans even if you suffer with poor credit history. Bad credit loans provide you financial assistance in a number of critical situations such as paying a sudden and unexpected medical bill, meeting the financial crunch at the end of the month, coping sudden personal financial needs when you run short of money. Bad credit loan is a perfect solution for all the above-mentioned problems as it let you get instant cash in order to fulfill your financial requirements. There are a number of lenders over the Internet and in the offline environment that offer ad credit loans to the people having no or poor credit history. The ultimate advantage of a bad credit loan is that you can instantly get the loan. You don’t need to wait for weeks to get your loan approved as you can get hot...
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...Student loans are becoming more of a problem for college students across the U.S. because of increasing tuition and decreasing scholarships and grants. A lot of people will tell you it’s just what you have to do but it’s not. If you take out student loan debt there is a good chance you’ll be paying on it long after you graduate. Thats why its a good idea to try and pay for it other ways. Over all people think debt is okay because it’s getting you a higher education, but it’s not worth going into debt. Tuition has become so expensive it seems nearly impossible to pay for it without going into debt, but there are ways to make it happen. Such as starting early, save as much as you can whenever you can, save the money you get from christmases and...
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...Argument Analyzes In the article Student Loans Pack Surprising Benefits written Katy Hopkins, Hopkins says college debt may not be necessarily a bad thing if students borrow an amount that they can afford to finish a four-year college degree. Hopkins thinks students should take advantage of student loans because there are many benefits that students should experience while they’re still in school. In Hopkins’ article, she explains the four benefits of taking out loans to get a higher education and uses rhetoric appeals to support her points. Even though Hopkins successfully shows the good ethos and pathos to the readers, but the article still lacks logical appeal. The thesis of Hopkins article Student Loans Pack Surprising Benefits is...
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...Persuasive Student Loan Essay “Private student loans should be avoided at all cost,” says Suze Orman. If student loans of a type of good debt, then why does Suze Orman, a successful author and financial advisor, say to avoid them? You would think she would know what she’s talking about. Wouldn’t you? It just so happens that she is right about student loans. They should be avoided for two main reasons. Student loans cost way more than they’re worth causing them to be unnecessary, and Student loans lead into massive debt. Student Loans are unnecessary. Why would you borrow $100,000 to go to a private college and get a law degree when you could work and pay off $24,000 to go to a cheaper, in- state public college and get the same degree? It is possible to finish...
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...Edward Harari Prof. Thompson LLEN 102 5/25/2018 Student Loan Debt – Is there a solution to the crisis? Many Americans view college as a rite of passage, a method to securing long term financial stability. With a bachelor’s degree becoming the new standard qualification for entry level jobs, more and more students are seeking them out. Many students resort to expensive loans to cover the cost of their schooling with the hopes that they will be able to quickly pay them off with their swanky out of school job. Student borrowing has become so rampant that it is now the second largest source of household debt behind housing. This research paper will discuss recent changes in student loan market and the potential of a crisis in the near future due...
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...is not worth going to. Mostly because of taking out student loans, potentially not having a job after graduation. When going to college you tend to become very depressed and overwhelmed. The student loan borrowing...
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...for every caree. The first topic that will be talked about is student loans and how devastating they can be. The second topic is jobs and how you can still get a good one without a college education. The last topic is how college can be a big waste of money is you don’t graduate. Some will argue that a college degree is necessary to be successful. I would argue that so many people who have never spent a day in college have there life all set out. One person who was very successful without a college degree...
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...Thesis: I believe that education has become a business that has brought American families into great debt. Education is overrated! Ok class who can tell me what photosynthesis means? Ray? Yes, photosynthesis is the process in which plants absorb energy from the sun to get energy. Third grade, I will never forget it because it was questions like this that made me want to run and hide. I never got anything practical out of school except for girls in plaid skirts with black and white saddle shoes which drove me crazy. I could only imagine what high school would be like if I never really retained any information that was vital to my success. I hated school as much as it hated me and I know hate is a strong word. To use the term “Well Educated” sounds like someone who has accumulated a lot of books that they will never read again and debt that will follow them to the grave. I am a late bloomer because most of my peers went off to college while I went to work. I decided to go to college much later in life. When I speak to most of my high school friends they complain of college tuition and debt that still hunts them. Now I have been out of high school for twenty years, so that’s at least fifteen years of debt from college. Yes, I believe it’s all about the money and not the elite education that we so eagerly have to obtain right out of high school. Why is it that when we purchased homes for forty to seventy thousand dollars we needed a down payment? However when it comes...
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...Inequality caused by student debts: The crushing American Dream Xin (Taylor) Kang Johns Hopkins Carey Business School Author Note Xin (Taylor) Kang, Gold Group, MS in Finance program. This paper was prepared for Business and Academic Research and Writing course of Summer Intensive Program, taught by Professor Kevin Lanagan. Inequality caused by student debts: The crushing American Dream Proud of their nation, Americans always consider the United States a land of opportunity, where the American dream that everyone can achieve prosperity and success through hard work in a society with few barriers is world-famous. Though higher education is a sign of success in the U.S., the American dream is crushing. Student debts are getting more burdensome because the university tuition is expensive and bankers always lend high interest loans to students. During the last seven years, student debts for graduation have increased about 40 percent. Over 15 percent of the students cannot repay their debts, which may eventually cause a worse consequence. Definitely, it will lead to inequality among those who can afford to attend universities and those who cannot. In recent years, student debts have become serious problems. Stiglize (2012) pointed out that “in 2012, according to the Federal Reserve and the Department of Education, nearly 13 percent of student-loan borrowers owe over $50,000, and about 4 percent owe more than $100,000” (“Student Debt,” para. 6). Increasing...
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...Debt-free college degree For all Sources: 1. The article was posted in April 2011. The information is relevant to the questionnaire. 2. The intended audience is to college students, students entering college, and parents who pay for college. It is targeted towards mainstream audience. 3. The author is Fabian Ramirez. Not much authority on the subject matter 4. The author goes into detail about how to avoid college loan debt. 5. The information is unbiased. The article is based off of facts For a Website: 1. The website is Bankrate.com- not really reputable other than the fact big banks are sponsored. 2. Bank rate discusses all aspects of financial planning and calculating. Its mission statement is to empower consumers to make effective personal financial decisions. 3. The article is old but the website itself is current. 4. The website is reputable because Vanguard and Ally Bank are sponsored 5. The website is well designed but has a lot of information on the home screen. Is college worth the cost? For all sources 1. The article is about 2 years old. The information is relevant to my topic. 2. The intended audience is to students thinking about college. 3. The author is Christina Couch- she has other articles about student debt 4. The author provides a lot of details of the struggles of graduated college student’s difficulty with finding a job and having so much debt. 5. The article is unbiased and has lots of facts and statistics...
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...The authors of “The Myth of the Student Loan Crisis” believe that there is no student loan crisis. The authors of “Here’s Your Crisis: Student Loan Debt Isn’t a Myth” disagree. College tuition plays a big part on what school a student will decide to go to. Many students are offered scholarships or financial aid for the school of their choice. The student loan crisis is not a myth, but it is also not completely true. Nicole Allan and Derek Thompson are the authors of “The Myth of the Student Loan Crisis.” The authors want to get the point across to readers that students receive financial aid and student loans are not as bad as what people make them out to be. “Horror stories of students drowning in $100,000+ debt might discourage young people...
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...Student loan debt is one of the largest issues in the world. Unfortunately, these loans are almost impossible to pay back in one lifetime. According to Forbes Magazine, “people 60 years and older ‘with student loan debt has quadrupled over the last decade in the United States, and the average amount they owed had also dramatically increased’”(Forbes). There are many contributing factors as to why this is. The first is the basic concept of interest. So, in the time people are buying houses and cars to start their lives, interest is slowly piling on to the total. The second, perhaps the most common one, is the struggle of finding a decent paying job to not only support themselves, but to afford to pay back the banks for the money they borrowed. Lastly, a person's unfortunate loan debt increase is arising from those who take out loans to pay for their children or loved ones education. This loan debt does not only affect the person, but it takes its toll on the government and the banks. Loans are when you borrow money that they don’t have. So when people are taking out these loans, the banks are expecting their money back plus interest. According to Forbes, “borrowers with outstanding loans are increasingly likely to be in default as they age”(Forbes). If people begin defaulting on their loans, then the government is left to deal with the loss of not getting the money they loaned out back...
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...Title Exploring Strategies for Avoiding and Managing Debt Signpost A, Part 1: Learning Check When does it make sense to use a credit card? You can use credit any time as long as you plan to pay off the card at the end of the month. Don't use a credit card unless you need it to gain a benefit or because the transaction requires it. Just be careful not to over-use your credit card and you'll be fine. Really, just never use a credit card. They're dangerous. How many credit cards should I have? Do not get a credit card under any circumstances! Get as many as you need in order to gain all of the benefits possible. Make sure you have a few cards with different interest rates and options. Limit yourself to a small number of credit cards. I want to buy something but don't have the cash on hand. Is it ok for me to put it on a credit card? Just don't use credit cards at all! No, never. You should only buy things on credit that you can pay for with cash. Sure, just don't go crazy. That's what credit cards are for, after all. You can do this only if you have a specific plan in place to pay off the debt. Signpost A, Part 2: Learning Check I heard that there are actually several credit agencies. Is that right? No, there is only one. Yes, there are three. Yes, there are five. Yes, there are seven. What does the score range from? 1 to 100. 100 to 850. 300 to 850. 300 to...
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