Essay On Student Debt

In the current nation people live in money determines and limits a majority of what they are able to do with their everyday life. Money is the one thing in this nation that can open opportunities for people like no other. For some families money is not a problem while for others earning money is a struggle they have much throughout their life. In saying that, these families who are less well off than others are forced to take out loans for practically everything they own rather it be a car, a house, college, etc. In particular, college expenses are increasing at a rapid rate at which low income families cannot keep up with. Though there are programs set up to help these students in need not everyone uses them. Ultimately, in order for a low income student to attend college they must be knowledgeable with their finances and know when, where and how to get help.
Findings
Student debt affects the average college student in more ways than most people think. In particular, in the article “Why Student Loan Debt Harms Low-Income Students the Most” studied in 2004, the accumulated debt of all college students in the United States topped over one trillion dollars. Though this number

In particular, as taken from the article “The Effects of Financial Aid Amounts on Academic Performance” written by Lane Coonrod which states that there are three forms that financial aid comes in. These forms are a grant, loan and job and all make attending higher education possible for families who could otherwise not afford to attend. This additional money does much more for students than make it possible for them to attend but instead can encourage and motivate students to do better than what they would originally do without receiving any government aid. Ultimately financial aid makes attending college much more convenient for low income