Essays on Student Loans

Unemployment affects college graduates the most, especially when they have taken on a lot of student loans. Expensive tuition and living expenses for at least three years mean that college students rack up a lot of debt by the time they graduate. Immediately after graduation, the students do not have the freedom to wait and choose for the right job or a job that they would like because it is either unavailable or because they have to start paying off their debts immediately. With the number of college students increasing and the economy not at its best, unemployment is ...

Imagining a family whose income is $100,000 per year with a burden of repaying student loans, I think it will make perfect sense if the payer defaults. The priorities in a family set up should be listed in an order of necessity and importance, and before one gets to repaying loans, he has to sort expenses like rent and food as well as clothing. Other necessities in this list will include budgeting for gas fuel and other facilitation costs. If the income is not enough to cover for these expenses, then it is perfectly okay for the loanee ...

It is important to first examine the question on the value or importance of a college degree from a financial standpoint. Student debt continues to rise as tuition rates have increased to over 400 percent between the years 1982-2007 (London 361). Without adequate financial support or planning, for many individuals college may lead to overwhelming debt that will not be justified by the jobs that they will obtain. Too often students are graduating college only to find themselves employed in positions that did not require a college degree, yet the student loan payments remain a burden that cannot be ...

Introduction

One topic of great debate today is the amount of student debt being accrued by college students that, whether, they graduate or not, who leave college with debts from several thousand dollars to hundreds of thousands of dollars. These debts are, most often, federally owned. Student loan debt cannot be eliminated with a bankruptcy and can only be forgiven if the borrower were to die. At least that is how it has always been. However, there are today may people who feel that student debt should be forgiven by the government under of number of applicable circumstances. There are ...

The American dream has become a fabled idea to everybody around the world envisioning a better life. It represents something that can be attained if a person is willing to work hard enough. The only question today is, does it still exist? While economic and employment disparities will argue whether it does or not, the American population holds on to the dream. Seemingly, it depends on who you talk to. Ephraim Polsky, 89, a Polish immigrant, moved to America with his family when he was six. He did not speak English, and had to be homeschooled by his mother ...

Executive Summary

Lehigh Valley Campus in Pennsylvania is proposing to incorporate renewable sources of energy (Hybrid Photovoltaic Cells and Thermal Collector) into the campus and a cybercafé/bookstore business venture in honor of the recently deceased alumnus of PSU, Wayne K. Newton. It is our firm belief that this project will fulfill the Late Wayne Newton’s visionary dream and fulfill the family’s wishes to donate the funds. The campus aims to use these funds to procure hybrid solar module and design a cybercafé/bookstore business premise

The total cost of the project will be $87120.

The remaining funds will cater for future needs should they arise before the ...

The national student debts level is 1.2 trillion dollars. This is a staggering amount considering that the student loan program only started around the late 1970’s. The purpose of loaning money to students is to help those with financial difficulty to graduate from college and find a well-paying job in order to pay back the loan. The bill started from a good moral cause, but has resulted in disastrous consequences for the students. The loan program has had serious consequences for students, such rising tuition, delaying home ownership, and slowing the economy. The rise of student loan debt ...

The advertisement that will be discussed is taken from Bernie Sander’s campaign. This particular advertisement is interesting in that it does not name Hillary or Trump specifically, (“Bernie Sanders Advertisement,” 2016). Bernie Sanders is talking about how he wants to break up big banks and allow the wealthy to pay more money in taxes to support healthcare and free education, (“Bernie Sanders Advertisement,” 2016). If one looks closely, Bernie Sanders seems to be talking to Donald Trump because he is so wealthy. This advertisement, if a person looks between the words, could have an impact on voter behavior ...

As the Republican and Democratic conventions continue to loom everywhere, none of them has deeply discussed the issue of higher education. This is very unfortunate. The American economic security demands each generation to be educated so as to conquer the environmental, social and technological challenges. This requires a great access to university or college education. The third president of America, Thomas Jefferson, asserted that it is very imperative to have the majority of the population well educated that having only a few individuals being enlightened with the rest of the population being left in ignorance. He was of the ...

Personal finance plan

I am a college student pursuing my first degree in a public university. I live off-campus with a friend where we pay 100 dollars per month for rent. The rent is split between both of us. Therefore, I pay 50 dollars per month. One of the major short term goals I have is to graduate. I plan to graduate in the next one year. My other short term goal is to enroll in a master’s program within a year of graduating. Enrolling in a master’s program will require me to work as I study since I will ...

Higher education has impacted the middle class by opening doors to more employment opportunities, which in turn has allowed many of the middle class to move up into higher income brackets. One of the downturns of higher education, however, is that more middle class Americans are finding themselves in non-dischargeable debt. Overall, the expansion of higher education has been a boon for the American middle class by giving them access to more resources, though at a price. More than at any other point in history, people are going to college to obtain higher-education credentials. This has broadened the professional ...

Since the election is coming up, I interviewed ten different individuals from completely different backgrounds in order to ascertain what the perspectives were and what were the hot issues for the upcoming election. I surveyed both citizens and expatriates living in the United States that were both conservative and liberal in order to ascertain which perspectives were governing and how the existing political candidates were shaping those who were in the middle of the road on the American Political Spectrum. The three interviews that stood out to me were from quite the diverse list: the first was a conservative ...

Fake Letter to U.S. Congressional Representative

2263, Rayburn Building, The United States House of Representative, Washington, DC 20515. Honorable Mr. Keith Ellison, Education is the key to the success of any nation and any city. As a representative of Representative for Minnesota's 5th congressional district since 2007, I am sure you are well aware of the estate of education in our region. Even though there are numerous opportunities for the students and people of the city to gain education and professional knowledge, it is difficult for many of such students to finance themselves. In this respect, although numerous colleges ...

Executive Summary

The paper is commissioned to evaluate the existing outsourcing industry in India and how well the existing environment in the nation favors the outsourcing needs of US Federal Government relating to Student Loan and Insurance Claim services. The Indian Government, which has been recently elected on full majority and has ended the long trend of coalition affair, has been launching multiple initiatives to promote the outsourcing industry through programs such as ‘Make in India’. Moreover, according to the reports released by FICCI and World Bank the political governance in the nation is now favoring business establishments. Indian outsourcing industry ...

The title in itself makes us aware of the direction that the article takes at ‘Desperate And In Debt: 30% Of Millennials Would Sell An Organ To Get Rid Of Student Loans’. In a survey which asked the fresh out of college youth about how far they would go to pay off their college debt, the results were eye-opening. 55% accepted the going away of their debt at the cost of being followed by the very-present paparazzi, 38% said they would contend in a research study where there may even be health concerns while 30 percent said that they ...

Intro

America’s rising population, shifting demographics and growing epidemics will continue to present urgent challenges for our healthcare system in 2016. The primary challenge continues to be the availability of primary care physicians to meet the continuously growing demand for healthcare services. Expanded insurance coverage resulting from the Affordable Care Act, aging baby boomers and the rise of medical disorders such as diabetes and obesity are cumulatively impacting the need for additional primary care workers. Of particular concern is the fact that, currently, only 9 percent of US medical students will select the two adult primary care careers - ...

Abstract

Debt crisis is a general term for accumulated and massive money that is owed relative to income/revenue. Student’s debt crisis is a growing concern in America. The objective of this paper is to understand the situation of student debt crisis in America, its effects and ways to contain the situation. The paper suggests that student’s debt crisis is largely caused by uninformed students, the “default activity” mentality” and the federal aid. The federal aid is influencing colleges to charge even more, and they are the most benefitted out of this arrangement. The situation can be contained by ...

Letter to a Healthcare Organization

I am writing in regard to a family that has devoted their life to the healthcare industry and is now in need of assistance. The mother, Dianna, is a nurse at a long time care facility. As you know, this is a helping profession and, while her devotion to the job is top notch, the pay is not. On top of this, she has roughly $47,000 in outstanding student loan debt. At the same time, Dianna and her husband have been working hard to provide their five children with educational opportunities that they were not afforded early in ...

It goes without saying that if you don’t have an education then you are in deep trouble. Many people think that they can make it in life without a higher education by finding cheap employment that does not require vocational training. But it is good that you all realize that higher education comes at a cost in terms of resource and time investment but at the end of the day pays handsomely. Andrews, in his book Argumentation in Higher education: Improving Practice Through Theory and Research documents statistics by the US Census Bureau, in the year 2004 reported that, averagely, a ...

We are all brought up to think about what we want to be when we grow up, and what college we want to attend. Starting in high school our parents, teachers and guidance counselors begin grooming us for college decisions. The reality of the cost of college is one that, as children, we are unprepared for. While we dream of a college education, we fail to understand the financial implications of receiving one. Many of us expect our parents to help with college costs. There is debate as to whether parents should be responsible for their children’s college tuition ...

The last few decades have seen an unprecedented increase in student loan debt levels and in fact, student loan debt has become a financialfully-fledged crisis for many graduates.. Students have been incurring enormous debts and later defaulting or going into forbearance in these payments and because of this, education policy makers and experts have had endless debates regarding how to tackle this problem. The, but the debate has been laden with inconsistencies and lack of consensus and most of the solutions advanced have not made area real impact on the loan deficit.been effective. One of the key problems contributing to ...

Introduction

There is a continued demand for better minority representation in various aspects of professional American life including the police force, local school boards, city governments, and teacher labor force among others. In schools particularly, racial representation is of interest to policymakers, education practitioners, and parents. Many people believe minority teachers play a vital role in countering the existing negative stereotypes. They serve as role models and people that can relate to the minority learners’ cultural backgrounds (Egalite & Kisida, 2015). It creates an environment in which the learners are less likely to have biased subjective views of their abilities in life. The ...

Each year, parents and students alike often worry about the extremely high costs attached to funding a high-quality education from top-notch and respected colleges and universities. From tuition fees to miscellaneous fees, budgeting is crucial to save money, and secure student future. A part of the miscellaneous fee is the living expenses of a college student, who can be given the choice of staying in campus or commuting at home. Some students opt to stay in the campus residences because they believe that it is much cheaper than commuting back home. For international students, this has been their only option to ...

How is the Texas Constitution Changed?

What Proposed Amendments did Texas legislators agree to place before voters this year? The 10 amendments the legislators agreed to put before voters this year most often have to do with raising money by using bonds to take care of problems ranging from water management to student loans. The general reason is to update the Constitution by adding the amendments (Brown, 2011).

Below are listed the ten joint resolutions approved in the 2011 Regular session which propose the 10 amendments be added to the Constitution by the 82nd Texas Legislature. The voters now have a chance to support or oppose ...

According to Josh Mitchell, the weak job market has caught some Americans forcing them to line up for the low-cost student loan not for educational needs that would boost their prospects for employment, but to take advantage of the low-cost loans. It has been noted that many are enrolling in these colleges with little intention of getting a degree. Mitchell cites the example of the case of Ray Selent, 30 years, who was unemployed in 2012 and enrolled at Broward County Community College to pursue a degree in theater. This enrollment allowed him to apply for the loan that he used ...

According to an article posted on the online Wall Street Journal on 3rd March, 2014 said that most American citizens are going for loans supposed to be offered to students. The reason as to this is that these loans are repayable at a very low interest, thus being very convenient to students. The article adds more information that most people taking these loans do it for the cash; to help them in other stuff rather than helping them study. Most of them are in low paying jobs that cannot afford a normal loan. The article describes the reason for the fast ...

Is Forgiving Student Debt a good Idea?

Tertiary education in America is expensive, and the economic situations are harsh such that students cannot access decent jobs to enable them, pay off their debts. President Obama is proposing a plan to forgive the student loan debt. The proposed plan Pay as you Earn will enable the borrowers of loan to make a contribution of 10 percent of their income, and after 20, years, one’s loan will be forgiven (cox 14). In doing so, it would ensure that billions of money in the form of student loan debt are forgiven regardless of what was borrowed. This program of debt ...

In the world today, there are several huge problems in the education world, and they are growing larger and larger by the year. One of these problems is bullying, and cyberbullying. This is a problem that seems to plague schools worldwide, and continues to be a prominent issue in the world today; there is little evidence that it is being effectively handled at this present time. However, there is another issue in the education world that is one of the largest, but seemingly ignored problems and that is a shortage of teachers. Interesting enough, it can be said that a teacher shortage is a ...

The major cost factor that contributed to the choice of chief information officer (CIO) is the low operational cost of IT infrastructure at USA Group than at Sallie Mae. The executive group from the Sallie Mae made a choice based on whose IT organization is better in terms of management and cost of operations. Creg Clancy happened to be the former chief information officer at USA group. This company had several dollars portfolio of student loan hence was larger than Sallie Mae. The company therefore invested $100 million in the information technology five years prior to its merger with the ...

Response to Wolfers’s and Webley’s Articles

An online petition about forgiving student loan debt for all Americans has since received/raised nearly 300,000 signatures. The people who came up with this idea and those who approve of it believe that student loan debt forgiveness will have an immediate simulative effect on America’s economy. While many people signed to endorse the policy of forgiving student loan debt, some people have a different opinion about it. For example, journalist Kayla Webley and economist Justin Wolfers are among the few who have made their voice herd on this matter. Although both Webley and Wolfers think student loan forgiveness ...

The current changes in the education system have been the topic of discussion in the contemporary world. Prevalently, education has met myriad changes as it transcends from the traditional method to present-day education. The old-style education involves the learning process in which the students physically interact with the instructors. Similarly, the traditional method countenanced the student to dig deep into their pockets to cater for the education expenses. Evidently, the old education was inconvenience and expensive to numerous students. The outcry of the students, have led to several institutions creating online programs called e-learning to permit the students with ...

The debate on the cost of college has been on the rise in the past decades almost reaching fever levels. Policy formulators and educationist have raised concerns this issue. Some argue that the costs are expected and valid while others claim that the changes are not only significant, but profound and unfair. There is enough evidence that even with the inflation taken into consideration; the cost of college is by far too high. This paper seeks to offer the arguments on this issue with a focus to proving the truth behind the increased cost of college cost. According to ...

Introduction

Most agree that going to college is a positive step, and that gaining a college degree opens up more job opportunities with better pay, meaning that it is likely that graduates will enjoy a better lifestyle, plus various other benefits. However, the costs of spending four years at college are considerably more today than they were in years gone by. This essay argues that those costs are too high, and leave many graduates with a huge debt to pay off, reducing the amount of net salary received in the first years of post-graduate employment.

The Arguments

Odland (2012) describes college costs as “outrageous” and that ...

One of the most important issues that currently face the financial markets is student debts. Many people hope to realize their life long goals of completing college, university, or professional studies, but are not able to afford it. Furthering your education will not only help you to be more successful in life, but it will also give you a deeper understanding of many aspects of life. “The decision as to whether to invest in one’s human capital in the form of education requires that an individual compare the present discounted value of benefits—among which are the gains in ...

The number of college graduates have increased overtime, with an estimated 30% of adults holding degrees by the close of the year 2010 in the United States. It is estimated that upwards of 50% workers have level of education that do not match their respective levels of education, with the majority of these employees having relatively more education than is required. Overeducation results in considerable wage costs by individuals, coupled with productivity losses to the economy. These costs have increase in part due to the faster rise in higher education participation, which has not been matched, by corresponding increases ...

Every year millions of students head off to college. Whether away from home, down the street, or in the bedroom on the computer, adults and teenagers all over are starting the journey towards achieving a middle class lifestyle by attending college. For many this is a dream financed with hard work rather than money from parents. While universities and professors may want students to focus solely on their studies and come away from each class with a deeper, transcendent understanding of the class material to provoke philosophical contemplation and achieve mental and spiritual synergy, the plain truth is most students just want ...

Management Career Decision Making: Quinn

(Instructor Name) (Author Name)

Executive Summary

Quinn is trying to determine if doing his Ph. D. and setting up a business in leadership mentoring and coaching will allow him to achieve his goal of earning $200,00 per year, paying his two kids’ college tuitions and traveling around the world. His alternative is to continue on the basis of his two Masters degrees and try to reach a senior executive position. Through the use of decision-making tools, this paper seeks to help Quinn in deciding how best he can achieve his goals without taking on undue risk and possibly affecting his family.

Introduction

...

What is the problem?

At present, the majority of residents of Ohio State, let it be an individual, a student, etc. are burdened with debt. The poor debt scenario of the Ohio State came into scene when during 2005, the bankruptcy rate went double to the rest of United States. However, as per the data published by a website, although Ohioans carry less debt burden that the residents of other states, however, still the level of debt is high. Important to note that although the state’s residents carry less mortgage burden but the credit card and student loan amount has reached an alarming stage.

Significance of the problem?

...

Introduction

The last few decades have seen an unprecedented increase in student loan debt levels and in fact, student loan debt has become a fully-fledged crisis. Students have been incurring enormous debts. These students later on find themselves defaulting in their payments and because of this, education policy makers and experts have had endless debates regarding how to tackle this problem. The debate has been laden with inconsistencies and lack of consensus and most of the solutions advanced have not been effective. One of the key problems contributing to student loan crisis is the lack of adequate knowledge and awareness by ...

[Class Title]

Executive Summary The University of Maryland is considered as one of the best public universities in the United States. However, the rising cost of tuition fees and other charges has placed public institutions in an awkward situation making it questionable if whether they can provide affordable and quality education in the face of the current economic hardships. Students, on the other hand, could not help but seek for various loans in order to make their way through college. For most families who are earning a median income, sending a single child in college would leave them financially unstable ...

The economic strain on the society makes higher education a dream for many students in today’s society. More often than not, parents have to shatter their children’s dreams because they are unable to afford tuition fees. Government scholarships or bursaries cannot meet the needs of the overall fees. In many instances, these government aided grants carry the weight of maintaining a high academic average, and students who need help cannot maintain such average. As a result, the students turn to various lending agency that offer loans at a high interest rate. However, with the current economic crisis, many parents and students ...

Timothy Noah’s invective against the high cost of college does not offer any new insight to those who have been faced with the exorbitant price of attending a university or college during the last decade or so. The reason for price inflation at the college level, according to Noah, is due to the fact that a college degree is an “obvious necessity in this economy that people will pay nearly anything for it, and colleges know that” (Noah 2013). According to Noah even after “controlling for inflation, tuition and fees have risen 26 percent during the past ten years at ...

Welfare fraud and abuse involves the use of vast amounts of the federal money for various activities and programs without accounting for the value attached to those amounts of money. The transactions and programs where the money of taxpayers are channeled led to many cases of fraud and abuse of such funds by the responsible agencies and administrators. The money and funds used in the government grants and subsidy programs are subject to fraud and abuse. The people responsible for handling and management of such funds ending up misusing and abusing the money by channeling to their personal activities ...

The Effect of High College Costs to the American Society

The importance of college education has been ingrained in the minds of all Americans for decades, it is perceived as the epitome of success and the gateway to a great career that will lead to the achievement of the American dream. However since the economic recession this has not been the case with the unprecedented rise in college tuition fees, the amount of college graduates who are deep in debt has increased, the number of college dropouts has also increased, more students are stressed and depressed and the fact that unemployment rates are very high even for graduates has made ...

The Pitfalls in Borrowing Money

A. The dangers or risks of borrowing money B. Background of borrowing/ responsibilities of borrower C. Thesis Statement: Borrowing money creates a profile of financially-at-risk individuals that shall be dependent on the characteristic of the borrower, who may the tendency to mismanage and misuse their credit cards. II. Counter-Arguments - There are advantages and disadvantages in borrowing money through loans and credit cards. - The financial problems of the borrower are easily resolved by seeking financial assistance from loans and credit cards for payment of mortgage, car loans, student loans and other emergency needs. ...

Essay 1: CUTS FOR BAIL

(1)In the past decade, college tuition has risen three times as fast as the consumer-price index and twice as fast as medical care. One of the most important factors driving price at public colleges and universities has been the decline in state support for higher education. With rising tuition and declining state financing, students and families are assuming a growing share of college costs. Tuition revenues now make up about half of public university revenues. And with colleges facing larger pensions, health care and technology costs, the pressure to keep(2) raising tuition is intense. Critics of higher ...

The provision of subsidized higher education has revolutionized education in most parts of the world. Government from various parts embraces the practice in an attempt to improve their development of the economy; this occurs through the improvement of the citizens’ literacy and skill levels. It opens doors to opportunities for individuals with financial challenges, in educational progress. Many individuals have the ability of achieving high academic accomplishments. A good number of the individuals terminate their education due to funds inadequacy; this is where the government’s subsidies come into the picture. Higher education subsidies’ primary goal is the promotion ...

Throughout the world, education is linked with income in the minds of many, particularly as they arm their children for the challenges of life. Getting a college degree is often equated with getting a better job and making more money; this is often the impetus behind pursing higher education for many people in industrialized countries throughout the world. However, is this true? Is there a correlation between the level of education one has and the amount of money they make? The following examines the literature available on the subject to gain an understanding of the pervading wisdom of academic professionals on the ...

ABSTRACT

Higher education costs have increased greatly in the last thirty years, in part because of increased federal and state spending and growing enrollments. In the recent recession, though, high unemployment and student debt among graduates have raised questions whether a four-year degree is still worth the investment. In certain fields, particularly science and technology, university graduates will have higher lifetime incomes than those with high school diplomas, but this is not the case for those with liberal arts degrees. Universities have been reluctant to change their policies in an era of reduced public spending, despite government demands for lower costs, ...

Introduction

This research paper seeks to explore the Occupy Wall Street Movement in a bid to examine the moral and economic implications of its agenda as well as analyze them against the various business ethics theories with a view to finding which of the theories suit it best. Further, the paper shall grapple with the question as to who is responsible for the economic inequality that has necessitated the protest by the Movement and whether such inequities developed instantaneously or in a piece-meal fashion. This paper shall put forward an equitable outcome that bodes well for the capitalistic society that is the United ...

The Impact of U.S. deficit, Surplus and Debt

The gross domestic product is simply written as illustrated below where;

C – Consumption, I – Investment, G – Government spending, X- Exports, IM - Imports GDP = C+I+G+ (X – IM) Therefore, a U.S. budget deficit, surplus, and debt have different effects on Phoenix University student and exporters such as the domestic automotive manufacturers such as general motors and ford. More exports are favorable than imports as they add positive value to the GDP. To begin with it is crucial we understand what the three phenomenon mean. A budget deficit occurs when government spending surpasses revenues collected from taxation. A surplus occurs when ...

Introduction

Bankruptcy is the state of being unable to repay debts owed. This is a legal status that can affect an individual or an organization. In the United States, there are laws set to help debtors through liquidation process. Alternatively, the individuals can create a repayment plan (Federal Courts, 2011).

Bankruptcy Basics is a publication of the Bankruptcy Judges Division of the Administrative Office of the United States’ Courts. Its major role is the provision of relevant information to creditors, debtors, courts, the media and individuals on bankruptcy and existing federal bankruptcy laws. It contains detailed information on the processes involved, discharge in ...

Introduction

Post-secondary education can also be referred to as higher, tertiary or third level education. It’s an advanced stage of learning that takes place at colleges, universities, seminars and technology institutes. It also includes certain institutions which provide colligate level education such as vocational institutions, career colleges, community college, independent colleges, which provide professional certification courses or academic degrees in affiliation with higher level institutes (Steckley and Kirby Letts, 2007). The social activities by the colleges and universities, teaching, research, acquiring precision in applied work (as in medical and dental schools) also falls in the realm of higher ...

It is crucial to comprehend various aspects of credit card, loan, and banks. This is so because it determines the credit worthiness and informs individuals on how to earn more benefits. The three individuals from the bank gave as a lot of information pertaining credit score, credit controls, positive and negative effects of credit loan, student loans, and tips on credit card security. The speakers during the workshop had worked for different years in their entire career. The first on had worked for ten years, the second also has been in the field for approximately ten years, while the third ...

For any student, getting a chance to study abroad is a life-changing experience and an experience anyone would hope to have. Imagining what opportunities may arise with a diploma from a respected university abroad seems promising. Students also find this once in a lifetime opportunity as a great way to learn more about their respective fields as universities abroad, especially in the United States. But there is a setback into this due to the expensive and sometimes outrageously priced fees foreign universities asks to its international students. To reduce the possibilities of losing talented students and creating valuable losses in each sector, there must be a change ...