Student Loan Speech

527 Words2 Pages
bulb-icon

Recommended: A informative essay on student loans

Hello, I’m here to help you see the error in your ways. It has come to my attention that you think that having student loans is a good thing. Well, I’m happy to let you know that it is not a good thing. Student loans aren’t there to help you; despite what they say these loans will hurt you worse than anything in your adult life. First I will give you some facts on this subject. Next I will give you some examples of why it’s a terrible thing. Then, I will try to see it from your point of view. Finally, I will wrap it all up for you and hopefully you change your way of thinking on this subject. First to understand what a student loan is you have to know what a loan is. A loan is a sum of money that is expected to be paid off with interest. This means that a student loan is a student borrowing a sum of money that he/she has to pay back with interest. The amount of debt in student loans a student has after getting out of college is over $27,000. They didn’t have to worry about it in college but after 6 months out of college you have to start your monthly pay. This means every month you have to give money to this place because they paid for your college. …show more content…

Sally has just gotten out of high school she wants to go to college but doesn’t know how she going to pay for it. As she’s stressing about paying she remembers a letter that came in the mail saying they would pay for her college and she could get money at the end of the month to. She was offered a student loan it sounded nice and extremely helpful so she got the loan. She goes to school gets her degrees, she gets a job. Then 6 months after her graduation she gets a bill in the mail for $300 dollars a month to pay off her student loans. She didn’t know that she would have t pay them back so she tries to pay off the enormous debt that she has but goes

Show More
Related

  • Analysis Of A Generation Hobbled By The Soaring Cost Of College

    1289 Words  | 3 Pages

    Martin and Lehren’s article “A Generation Hobbled by the Soaring Cost of College” addresses the issue faced by current and former college students dealing with large amounts of debts due to student loans. The article presents the reader with stories of former college students who have either graduated or dropped out, and their struggle to pay off their student loans. The article also talks about issues such as students not being informed about high amounts of student loans and why student debts have increased. Martin and Lehren also make the issue of student debt more intimidating by giving examples

    Read More

  • Policy Proposal: Student Loan Default

    3351 Words  | 7 Pages

    Along with scholarships, fellowships, and grants, student loans are an important method of financing post-secondary education. With tuition costs rising, more students are borrowing to pay for college education today. However, not all students realize the burden of paying back their student loans. Many are defaulting.

    Read More

  • A Lifetime Of Student Debt Not Likely Summary

    629 Words  | 2 Pages

    Many people would agree that our country’s young adults have and continue to incur a lifetime of debt by enrolling in college. It’s become an almost acceptable understanding that if you plan to attend college, you might as well expect to graduate with an enormous amount of debt. Robin Wilson, a reporter for the “Chronicle of Higher Education,” and author of “A Lifetime of Student Debt? Not Likely” suggests student loans are very real and can be life altering.

    Read More

  • Student Loans For College Essay

    552 Words  | 2 Pages

    Personal Finance Essay Many students in today’s world believe they need to take out student loans for college. I believe you don’t have to take that path. Student loans are hurting many students who attend jcollege, and I believe that the loans should stop. Any student can get through college and be debt free at the end.

    Read More

  • The Pros And Cons Of Debt

    1142 Words  | 3 Pages

    When you graduate from college that is the time you start your life but many are not able to. Some people want to get married or start a family but cannot afford it at the time. By the time they receive their first check they instantly have to start paying their loans back. They are not able to afford rent/mortgage, utilities, or transportation because of it. Mishory O’Sullivan and Invincible (2012), “Found the average single student debtor would have to pay close to half of his or her monthly income toward student loans and mortgage payments. As a result, he or she would not qualify for an FHA loan or many private loans” (Elliott). A Survey ASA did on college students stated, “Student Loans were created to be an engine for social mobility, but they are, in fact, limiting young people’s ability to achieve financial success” (The Impact of Student). A student graduate mentioned, “Student debt weighs on every decision I make from

    Read More

  • Student Loan Debt

    1739 Words  | 4 Pages

    It is a norm and expectation in society today for students to pursue higher education after graduating from high school. College tuition is on the rise, and a lot of students have difficulty paying for their tuitions. To pay for their tuitions, most students have to take out loans and at the end of four years, those students end up in debt. Student loan debts are at an all time high with so many people graduating from college, and having difficulties finding jobs in their career fields, so they have difficulties paying off their student loans and, they also don’t have a full understanding of the term of the loans and their options if they are unable to repay.

    Read More

  • Argumentative Essay On Student Debt

    1491 Words  | 3 Pages

    Children of the twenty first century spend nearly 13 years in school, preparing for what is college, one of the only ways to achieve the so-called “American Dream”. College is the best way to start an advanced career and go further than one possibly could if college degrees were not available, allowing people to achieve their view of the American Dream; whether it be large houses, shiny cars, multiple kids, or financial comfort, college is the stepping stone to achieve the American Dream. But all great things come with a price, college dragging along debt. Students who attend college struggle to find ways to pay for it, leading to applying for student loans. These loans a great short term, paying for the schooling at the moment but eventually the money adds up

    Read More

  • Student Loans Essay

    1047 Words  | 3 Pages

    As people of many ages wish to further their education outside of high school, they tend to take out student loans in order to fulfill this wish since the large tuition payment is not in their budget. Paying for an education that presents a degree seems easy to many by taking out large loans to pay for their education. Recently, student loans have challenged the economy of Americans. Education is perceived as a necessary expense to many, in which they do not mind putting a burden on the economy for. Many people believe those loans can be paid off in a matter of a couple years. However, this idea is misguided as many people do not pay their student loans off until their early forties.

    Read More

  • Student Loan Debt Should be Forgiven

    1255 Words  | 3 Pages

    This debt accounts for six percent of our nation’s $16.7 trillion debt (Denhart). Since student loan debt is such a big part of the national debt, if the student defaults on their loan then the United States taxpayer has to carry the burden of the loan (Denhart). Students who are graduating with debt do have a couple of different options that they can choose from. There is a six-month grace period after graduation to allow the student time to find a job and programs to try to help eliminate debt. “The Consumer Financial Protection Bureau estimates that one-fourth of the American workforce may be eligible for repayment or loan forgiveness programs” (Atteberry, N.P.).

    Read More

  • The Problem Of College Debt

    978 Words  | 2 Pages

    In an article written by Andrew Lehren, the author provides the bold statement that “the only thing worse than graduating with lots of debt is not going to college at all” (Lehren). In today 's society, many families lack the funds to provide a full ride for their children in terms of college. Due to this fact, many people turn to alternate solutions such as loans or diving straight into the workforce instead of attending college at all. These solutions, however, may greatly affect a person throughout the course of their life. The problem of college debt is increasing rates in regards to tuition, however, fortunately there are various solutions accessible in order to decrease or eliminate the debt that many american students face.

    Read More

  • Essay On College Student Debt

    1222 Words  | 3 Pages

    College debt is a universally known issue that remains one of society’s largest burdens today. Over the past ten years, high school students and graduates realized that they must seek a higher education in order to find a job that keeps food on the table. Attending a college or university is practically required in order to succeed in life today. Millions of people seek a higher education to pursue a degree, graduate, and acquire a quality job that supports their everyday needs. It often means a lot of money to pursue and earn a degree nowadays. What they don’t realize, is that paying their tuition and housing deposits is essentially signing a contract, costing them thousands of dollars in the near future and leading them down the dark path

    Read More

  • Fresh Out Of College Essay

    1477 Words  | 3 Pages

    Student loans are a trick to the mind and a trick to your wallet. When getting a student loan all the student thinks about is “Now I can afford to go to school”. The sad truth about that statement is that 90% of the people who get a student loan cannot afford school and they really can’t afford to pay the loan when they get out of school. David

    Read More

  • Financial Literacy In College Essay

    473 Words  | 1 Pages

    Although, now that I am in my senior year, I had to take out a loan in order to pay for my expenses. At first I was lost and confused with all of the terms that they used, but thanks to a few of my mentors I was able to get all of my questions answered. As college student it is crucial that before someone commits to taking out a loan, they are fully aware and financially responsible to hold that debt under their name and have the ability to repay it back. In the future, taking out a loan not only helps people achieve their goal of starting a career, but for many this can be a great way to raise their credit score if they stay on top of their payments. Some may argue that student loans only cause future financial problems and while this may be true to some extent, if handled correctly, it can be a great help to fund your

    Read More

  • College Education Should Not Be Free

    769 Words  | 2 Pages

    In that year, the number of college graduates was only 432,058 (Sourmaidis) and ever since the demand continually increased as did price. This trend allowed for the student loan crisis to occur, which is a problem we face today. As of 2016, American students have accrued a massive 1.3 trillion in student loan debt. Just 10 years ago, the nation’s balance was only $447 billion (Clements). This ever-present cumulative burden has caused many post graduate Americans to delay important life events such as marriage, homeownership and children because of this substantial encumbrance (Clements).

    Read More

  • Argumentative Essay On Student Loans

    745 Words  | 2 Pages

    “About forty-one percent of borrowers fall behind on their student loan payments in the first five years of payment” (nytimes.com). Statistics also show that nearly thirty percent of student loan borrowers wind up dropping out of school. These facts help show that student loans are not a reward for you but are a burden. Student loans can be avoided by obtaining as many scholarships as possible, saving for college before you get there, and working to get money to pay cash for college.

    Read More

More about Student Loan Speech

Open Document