Student Loan Is A Terrible Idea - 1308 Words

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 â€Å"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 â€Å"Student Loanâ⠂¬  pitfall. A retrospective look might provide a clue as to how so many Americans landed in the whole â€Å"student loan† dilemma in the first place. As discussed in the America article â€Å"The Student Debt Crisis† as part of the plan to create a ‘Great Society’ President Lyndon B. Johnson signed into law The Higher Education Act of 1965. The act provided more funding to public colleges and universities, giving them more resources so that students would be able to afford college. Hence, the birth of the student loan (2015).Show MoreRelatedA Discussion About Future Financial Decisions1293 Words   |  6 Pagesfinancial fiasco as a college student. In the time we live in, the costs of attending college have continued a harsh incline, leading to a major amount of student debt. Not to mention, students have to deal with their own finances for the first time in their life. Unfortunately, many students exit university with a mass amount of debt, as a harsh welcome to the real world. Colleges have begun to lend financial help through seminars and classes to help prepare students and perhaps avoid stupendousRead MoreThe Increase Of Higher Education859 Words   |  4 Pageshindering not just thousands of students, who cannot afford the tuitions, but also the economic growth of the United States. Since 1970’s, the income of American families has been stagnant and the price to attend universities has increased three times, which has led the student debt to an incredible rise, and now it is bigger than $1 trillion. The effects of this huge student debt are terrible for the economy, and will prevent a sustainable growth, because the students enter the labor market owing moneyRead MoreHyman Minsky : A Relatively Unknown Economist1178 Words   |  5 Pagesseveral books, he wrote one on John Maynard Keynes and another titled â€Å"Stabilizing an Unstable Economy†, the latter was published in 1986. Minsky considered himself a Keynesian economis t, but he did not agree with the mainstream attitude towards Keynes ideas. Minsky’s financial- instability hypothesis can be explained in layman’s terms like this, booms in the economic expansion will inevitably lead to economic busts. The housing crisis and the stock market crash of the 2000s are actually the events thatRead MoreGraduation Speech : College And Pursue A College Degree1383 Words   |  6 Pagesquality of life in America because of the many different doors that open up for you and your family, also it allows have you have some extra money to spend. In America, college is expensive, and leaves a very large number of students leaving college with a lot of debt. Student debt is something that often times is being paid off for most of their life. Some people see this as a problem and other see it as a system that is working but with issues. After the recent 2016 presidential election, some candidatesRead MoreTaking A Lot Out Of College Students969 Words   |  4 PagesHaving pressures in today’s world is not an uncommon occurrence that can take a lot out of college students. These things continue to affect students in this day and world of today because of how common and easy it is to happen such as wanting to achieve a higher GPA, make our parents proud, and trying to make the payments needed. There are many different scenarios in which they can feel burdened by things happening related to their education but they all fall into one of the four categories beginningRead MoreWall Street Journal Project1294 Words   |  6 Pagesdue to the amount of high school students and college students who are looking for summer work and the lack of work available. â€Å"During these months, large numbers of high school and college students search for or take summer jobs, and many graduates enter the labor market to look for or begin permanent employment† (Murray, S. 2011). If these young people decide to continue their schooling thr ough the summer rather than finding a job, the economy and the students will benefit in the long run fromRead MoreLatin American History1219 Words   |  5 Pageshaciendas. They way haciendas had workers is by giving the workers loans and making them work to pay them back. With the end of the Haciendas was the end of the imprisonment by loan. Every time he stopped a hacienda he distributed the land to the people who worked them. On paper this idea looked great but in actuality it was not. Cà ¡rdenas distributed 18,352,275 hectares among 1,020,594 peasants. He shut down perfect and terrible haciendas regardless of the status. According to the Biography of PowerRead MoreBenefits Of A Gap Year Essay1377 Words   |  6 PagesAs students sit impatiently at their desk in the concluding hours of their senior year, there are a million things that rush through their mind. Most students will suddenly realize that they have no idea what they will do after high school. A majority will answer by confidently announcing â€Å"I’m going off to college!†. Others, will turn up their nose and declare that they â€Å"will be staying home to look for a decent job that has an opportunity for advancement because college is far too expensive.† SomeRead MoreThe Importance Of A College Education1328 Words   |  6 Pagesand opportunities, it can have a huge impact on people’s lives. A college degree can provide one with opportunity for success. College provides more job opportunities, better social skills, and of course, a broader education with exposure to diverse ideas and cultures. First and foremost, with a college degree, college graduates are far more likely to obtain a job. They also have a wider range of job opportunities than they would with only a highschool diploma. The higher the degree, the better jobRead Morecritical appreciation1066 Words   |  5 Pagesof the speaker and such other elements make up the critical reading or appreciation. It does not mean criticising the poem. A critical appreciation helps in a better understanding of the verse. Meaning- Read the poem more than once to get a clear idea of what the speaker is trying to say. Look up the meanings of difficult or unusual words in a thesaurus. The title of the poem is a key to the general meaning and summary of the thought presented. A poem might be about lost love, Lucy (Wordsworth)