Student Loans And Its Effects On Students Essay

Student Loans And Its Effects On Students Essay

Length: 743 words (2.1 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

Student loans affect students in a variety of ways and causes students to go into distress and frustration with fear of the future. Additionally, student loans cause many students to go into debt and it is a huge responsibility on their shoulders. Furthermore, the number of students in debt in the United States has increased over the past twenty years (Black, 2016). It causes them to borrow so much money until it affects their future. Student loans cause many students to go into debt, but there are many ways to reduce it such as applying for scholarships and grants, saving money and applying for work-study.
Student loans have increased dramatically over the past few years and it has made education unobtainable. Also, student loans have quadrupled since 2004, to nearly $1.2 trillion (Gorman ,2015). For example, for all borrowers, the average “…debt in 2011 was $23,300, with 10 percent owing more than $54,000 (Martin, 2012), which is increasing yearly. Even though students receive grants and scholarships, it is not enough to pay for their whole year. Additionally, it causes...

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Essay on Determining Causes and Effects of Stress on College Students

- My research on the major causes and effects of stress on college students is compiled at the request of The President of Strayer University. The purpose of presenting this research paper to senior administration is to help students have a more constructive college experience. Students starting their college careers consist of major adjustments to the daily routine; sleep patterns and eating habits, time-management skills, and stress levels are different in one way or another. The American Institute of Stress, compiled a 2008 mental health study by the Associated Press, stated that eight of ten college students stated that they have occasionally, or often experienced stress in their daily liv...   [tags: student loans,financial stress,college experience]

Better Essays
1396 words (4 pages)

Essay Student Debt And Its Effects On The Economy

- Two-thirds of all students graduating from American colleges and universities are graduating college with different levels of debt. According to The Institute for College Access and Success (TICAS) the average the student loan debt is at it’s lowest $26,000 and the most can be up to $100,000. College loan debt is not only negative for the students, but for the economy as well. Student loan debt has reached its highest point at 1.2 trillion according to the Consumer Financial Protection Bureau. As of 2015, student debt is the ranked second highest in the country from consumer debt behind mortgages....   [tags: Debt, Education finance, Student loan, Loan]

Better Essays
1146 words (3.3 pages)

Essay on Student Loans

- Student Loans The federal government has the power to cutback the funding of student loans. There are several different ways the government can go about doing this. One way is to keep the amount of each loan the same and reduce the number of loans granted. Another option the government has is to reduce the amount of each loan and issue the same number as in the past. Either way, students that belong to a low-income family will be greatly affected. Cutbacks in the funding of student loans have several effects....   [tags: Papers]

Better Essays
463 words (1.3 pages)

Essay about The Effects Of Stress On College Students

- Would most students still attend college if they knew the amount of stress they would endure during the semesters. And if they were stressed would the be able to handle it. Stress is a state of mental or emotional strain of tension resulting from adverse or very demanding circumstances. College students go under a lot of stress when they start colleges. The types of stress that college students deal with is academic, financial, parental and even self-imposed stress (Zinsser; Peer et al; Misra et al; Coleman and Trunzo)....   [tags: University, Student, Education, Anxiety]

Better Essays
1336 words (3.8 pages)

Essay on The Government Should Help Students Pay For College

- Being able to attend and graduate college is a dream and the next step in life for many students. However, going to college and finishing school are two completely different things. There has been a decrease in students who completed college. Researchers are wondering, what is causing students to not finish schooling. There are many reasons and questions to why it could be affecting the completion of college rates. One of the main issue is the skyrocketing cost of college tuitions. Majority of students are having stress and anxiety for not being able to afford college....   [tags: Free College For Students]

Better Essays
2019 words (5.8 pages)

National Organization Of Collegiate American Students Essay

- I have recently become increasingly concerned with the steady increase cost that follows going to a college or a university. I have decided to take matters into my own hands and form an interest group called NOCASH; standing for the National Organization of Collegiate American Students Needing Help. In this paper I will discuss how I will overcome obstacles that I will face with forming this group, how I will increase and retain membership, and how to increase the group’s reach on the nation and it’s respective audience....   [tags: University, Student, Debt, Lobbying]

Better Essays
831 words (2.4 pages)

The Student Loan Crisis Is Not A Myth Essay

- The student loan crisis is not a myth considering the average debt of a college student is equivalent to someone buying a new car. Students today average a debt around $23,000-$33,000 along with student debt rising to $1.2 trillion ("Heaviest U. Debt Burdens Fall on 3 Types of Students"). The rise in student loans have proven not just a problem for students but also an economic and political problem. College debts also have frightened the future students into not applying for college. Almost half of all adults 18-34 cannot afford the price of college anymore ("Here 's Your Crisis: Student Loan Debt Isn 't a Myth")....   [tags: Debt, University, Money, Loan]

Better Essays
747 words (2.1 pages)

Student Loan Debt Of Households Essay

- This bar graph represents the comparison student loan debt of households throughout three years (1989, 1998, 2010). My three categories are college graduates, people who completed some college but didn 't earned a degree, and all households. This demonstrates that as time passes more people take out student loans due to the college tuition increasing every year, and many Americans can not afford to pay college out of pocket. As a result, many Americans have large amount of debts and loans. The students in the purple are the ones who face more troubles in paying back their student loans and many of them can face economic struggles that will eventually affect the nation as whole. Nelson Man...   [tags: Higher education, University, United States, Debt]

Better Essays
1218 words (3.5 pages)

The Problem Of Student Debt Essay examples

- One of the large, and growing, problems in the U.S. today is student loan debt. Most people don’t realize the significance of this issue unless they are directly affected by it because they don’t feel the burden it puts on a person. Not only is hurting those who have the debt, but now it is starting to affect institutions and the economy in America. It has major effects on family life, job opportunities, the U.S. economy, and the ability of a person to succeed in life. Some people have started notice the severity of this situation linking its cause to supply and demand, and also to the lack of state funding....   [tags: Debt, University, Great Depression]

Better Essays
1209 words (3.5 pages)

Why I Am A Student Essay

- Why am I going to PCC. That’s because I want to get degree to get a job. However, I am not sure what I want to be in the future. Am I wasting my time in college. Hopefully not. I still have a couple terms to consider what I want to do. I feel lucky to be in the college in the U.S. If I were in japan and going to Japanese college, I would have had to decide the major before I go to college and take an entering exam which is really hard. On the other hand, college in the U.S. let students enter without deciding the major, and students still have time to think about the future with taking classes....   [tags: Education, Higher education, College tuition]

Better Essays
961 words (2.7 pages)