Essay on Persuading Students to Use Credit Cards and Financial Aid Responsibly

Essay on Persuading Students to Use Credit Cards and Financial Aid Responsibly

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THESIS: There is a growing number of students with credit card and student loan debt at Broward College. Not all of them are conscious of the fact that their debts continue to gain interest over the years and leaves the student in a precarious financial situation if left unchecked. The students need to be informed of the methods by which they can avoid or deal with student credit card or student loan debt.
I. Students at Broward College do not even realize they are incurring a continuing debt.
A. Students at Boward College are incurring debts even before they begin working and receiving a regular paycheck.
B. Students who become aware of their student loans and credit card debt develop a fear of not being able to pay back what they owe.
II. Students in debt regularly borrow money from different sources in order to pay off their education related expenses.
A. It has become increasingly harder to afford a regular college education.
B. The cost of a semester in college is often more than the amount the parents have set aside for the student's educational needs.
III. Broward College students realize they have a problem with student debt and credit card loans which is why some of them are seeking ways of getting out of debt.
A. Some students visit the college career office in order to device a payment scheme based upon future potential income
B. The students have considered loan consolidation even at this early point in their lives.
C. Other students have considered filing for bankruptcy in order to avoid paying for their debt.
IV. Conclusion
A. Most Broward College students realize that they need to pay off their debts soon after they graduate and get regular jobs.
B. Broward College must push their studen...

... middle of paper ... path in mind, a consultation with the career office of the university can help determine how much money one might be earning in the future and use that figure as a starting point in managing their debt payments. A quality education is important to each student's future. But as it becomes more financially straining to achieve that goal, college students must learn to grow up and fast become mature adults when it comes to incurring and paying for student debt.

Works Cited

Jonnes, Alex. “Help For Students: Debt Consolidation”. Expert Authors. Ezine Articles. n.d. Web. 8 Mar. 2012.
Miller, Radhika S. “Student Debt Crisis Isn't Just About Economy”. Student Loan Ranger. USNews. 11 Jan. 2012. Web. 7 Mar. 2012.
Tompor, Susan. “Student Loan Debt Exceeds Credit Card Debt in USA”. Money - Personal Finance. USA Today. 10 Sept. 2010. Web. 9 Mar. 2012.

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