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Student financial aid expert Mark Kantrowitz reported that theamount of money Americans owe on student loans recently exceeded the nation'scredit card debt. Before you pull out your calculator, let me just tell youthat is A LOT of money!This came from college sophomore Alex:
“I would
honestly pay any amount to keep going to college because I want to do science
research and I love to learn. I can't afford college, so I’m taking whatever
the government gives me, but even if I had to take out loans all four years and
pay them all back plus interest, that’s worth it to me. My parents moved us to
this country when I was three and I look back at my family left in Bulgaria and
they just don’t have the standard of living we get in this country or the
opportunities.”
Even though in school
for the Right
reasons, going broke Get
an education makes no sense. I do believe in everyone getting an education, but I do think they should do it when they are financially able to and know for sure they can back back the loans in a reasonable amount of time.
In
2007, Jason Yoder committed suicide after the burden unbearable weight of loan
cost. His mom had to deal with the burden of
losing a son & school loan debt.
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Monday, September 24, 2012
Got Money? Got College!
Labels:
College,
financial stability,
money
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I agree with your last statement. I think everyone should at some point in time go to college but only when they have the right financial abilities to do so. No one wants to be in a huge hole once they graduate so maybe wait until you are able to pay for most of college. I think that would be a good suggestion to make to people when they ask "what is college (good) for?".
ReplyDeleteI do see your point and I fear being in debt because I am going to college. But let me say this, I put off going to college for many years because I couldn't afford it and I felt like my family was in enough financial strain. I didn't want to add to it. I kept thinking I would just work and save money for college and I would get to go some day. Well I am thirty five years old and still unable to pay for college. Should I never go? Should I continue settling for a low paying job, barely surviving from pay check to pay check? Or should I do what I can to rise above? Those are just a few questions I asked myself a few moths ago and, well, here I am. So for me the answer was clear.
ReplyDeleteNice media, I'm a visual person and your blog uses a ton of media, and yes, everyone should look closely at their finances before making the decision to commit to a higher education. It can become very costly and in your blog you gave an example of what some people may turn to because they were overwhelmed..
ReplyDeleteThis is visually pleasing. The fact that loans are crazy high is stupid to me. Everyone should be entitled to better their education.
ReplyDeleteI totally agree with this blog post! Getting an education is a must! Acknowledging that education is everything is my motivation to continue with school. Being in school, you learn new things and meet new people! College is well worth the investment because no one can take away what you've learn.
ReplyDelete