Graduation Speech Student Loan Debt - 900 Words

Student loans have put many of our family, friends, and even ourselves through school for us to close the financial gaps to get that education of our dreams. There are personal loans and government aids such as loans and grants that give people a relief on how they are going to pay for college. Those who are not financially equipped to pay in full for college education have no choice but to look for other forms of payment and most resort to either private loans or student government loans to get them through those grueling years towards their degree. Unfortunately, they do not have a choice when it comes to the high interest rates, debt collecting while sitting in the library preparing for finals, endless minimum payments they cannot always afford, and hounding phone calls from the companies when unable to pay them landing them in a whole they cannot always jump out of. Carrins states, â€Å"More than 40 million Americans are repaying more than $1.2 trillion in outstanding student l oan debt, according to the federal government† (2015). Having student loan debt can dramatically affect how students and graduates continue with their lives and how they spend their income for the next minimum of 10 years. While paying off loans can look great on a credit report, it can also reflect a false sense of bad payment history if not paid on time, resulting in a possible hold on moving forward. While we know that putting our money into banks will keep it safe and that banks do need to makeShow MoreRelatedA Plan For Student Loan Debt Burden995 Words   |  4 PagesMarco Rubio has a plan for students. Since the 1980s, the student loan-debt burden has risen to $1.2 trillion, which is nondischargable, meaning that the debt could follow you for the rest of your life. States have cut education funding and in response, universities raised tuition. And it does not seem that politicians are taking any meaningful action to ameliorate this debt burden. Rubio wants businesses t o invest in individual students and after graduation; the student â€Å"will pay a percentage ofRead MoreStudent Debt Is A Large ( And Growing ) Problem1811 Words   |  8 Pages Student debt has become a large (and growing) problem. The high levels of student debt have served to perpetuate economic inequality, minimizing the opportunity of higher education. In a speech this year, President Obama called higher education one of the crown jewels of this country and said it was the single most important way to get ahead.† The long term impact of student loans have given students every reason not to want to attend college, including myself. That alone has the potential toRead MoreNational Student Debt3593 Words   |  15 Pagesthe rise students and their parents are trying to come up with the money to go to college. The usual steps are to seek grants from the government, private organizations, and from organizations setup through the colleges themselves. There are also loans that are made through the private sector and those from government based organizations. Some students go as far as trying to pay for college using credit cards. In the end students seeking higher education graduate with enormous debt, creatingRead MoreGraduation Speech : Mathematics As A Computer Technician1270 Words   |  6 PagesIn my last speech I joked around about my dad and his degree in mathematics as a computer technician saying that it was such an odd match up; but in reality, it couldn’t have worked out better. Though the concept of math does not directly apply to his current position; he still utilizes the deep analytical skills that he obtained during his years of calculus to solve problem solving issues that arise with the computers. Education has value in many respects, ranging from the social connections thatRead MoreEndless Possibilities in Education1845 Words   |  7 Pagescost just keeps skyrocketing. If a high school student takes concurrent enrollmen t classes it does help them with the cost of a college education. Or at least, this is how it seems in America. Most American high school students want to go to college and even dream about it. With our current economy students cannot afford to attend the college of their dreams. Parents either are forced to help their children or the child must take out a student loan. When most people think about collegeRead MoreEducation Should Not Be Out Of Anyone s Reach1781 Words   |  8 Pagesbe provided free of charge. It is morally wrong for students and their families to be forced to incur thousands of dollars of debt for an education. Right now college loan defaults are at the highest levels they have ever been.There is an entire generation that is starting out in life after college burdened with a very large amount of debt and a very small job market available after graduation. In President Obama’s 2015 State of the Union speech, he stated, â€Å"I want to spread that idea all across AmericaRead MoreCollege Should Offer Free Tuition867 Words   |  4 Pagescommunity college should offer free tuition with some sort of standards to be eligible for free tuition. President Barack Obama conveyed a speech at Macomb Community College in Warren, Michigan this past September. President Obama proposed a free educational cost at any two-year junior college at length of their stay as long as they were at least half-time students, and they keep up a base evaluation point normal of no less than 2.5 and the administration would cover seventy five percent of the costsRead MoreThe Relationship Between Federal Financial Aid And Tuition Increase2128 Words   |  9 PagesAmerican college student must be familiar with financial aid because majority of undergraduate students receive financial assistant in form of grans, Federal Work-Study, federal loans, and federal tax credits program and tuition deductions. According to the â€Å"Trends in Financial Aid 2014†, in 2013-14 there were 238.3 billion available to financially support undergraduate and graduate students’ education. The financial support makes people believe that the support for Amer ican college students is as remarkableRead MoreWhich Interest Rate Will Win?3525 Words   |  15 PagesSociety Speech). You can t be free with debts, and no debts should make education strips the financial freedom of a person and lead him INTO poverty. Sadly, such is the reality that we, as students, are facing right now, with total college loan debts smashing over the twelve-digits tier and knockout the total credit card debt (Erin Dillion 1), currently gains the title of the second worst debt only after home mortgage (Baum). Outstanding household debt, from 2003 to 2013, Student loans has run upRead MoreThe Debt That Affects Young Students1270 Words   |  6 PagesGraduating high school, so many students foresee their life with boundless potential. They imagine their life with endless possibilities, and a great majority of students strive their high school years in hopes of joining a college. Sadly, for countless students, they remain financially unable to receive the education they need. I propose that you consider Bernie Sander’s introduced bill â€Å"College for All Act†. You have recognized the crippling debt that affects young students, and even launched a plan