Student Loan Debt

903 Words2 Pages

“In addition to causing difficulty for repayment, increased student loan burdens may affect other life-cycle behaviors of college students as they enter careers or family formation” (Hershbein and Hollenbeck 6). The issues of student loan debt should cause students to pursue other routes of education and careers. “Isolating the causal impact of student loans on future behavior is problematic because the same set of problems that influence student loan behavior may also influence the type of education pursued, academic success, and later earnings” (Hershbein and Hollenbeck 6). Those individuals who are going to the same college and going for the same degree will pay the same amount of tuition. This is not true because some student has more scholarships …show more content…

Students should also consider the type of degree they are going into because you may have to pay more money than someone else who are going for a different degree and it may be harder to find a job in that field and if it may affect their future. When a student graduate college, it is hard for them to find a job and they have 3 months after graduating college to start paying off their student’s loans. That is too short of a time limit when they are competing for jobs with people in the same field as the student who have been doing that job longer. Students should also consider getting as much free money as possible before applying for financial aid as in getting as many grants and scholarships they can. Although some articles I have read has said that students with just a high school diploma earn less than those with a college degree but in this type of economy exploring a trade in which a worker can get paid while learning the trade will be better suited for some students rather than going to college and getting in student loan debt. Going to community college, getting a formal training job, or getting a non-formal training job may be suited for …show more content…

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