Student loans: average College debt is $ 24,000
Without College media attack ready student education debt, says President Obama recently that America remains the land to defeat. “We are home of the best colleges and universities … where students are studying more than any other place on Earth.” I am inclined to believe that the President of this statement.
Later in the speech told us that “America has fallen to ninth place in the proportion of young people with a Bachelor’s degree”.
I cannot help but wonder — which is not necessarily a bad thing?
Can I have a job to pay off my loan?
For most of us is jobs-jobs with which to enter an artwork at a level of income, where he or she can make ends meet and manage the repayment of student loans without the financial support of parents or more government subsidies.
According to the report of the project on student debt is the debt of graduating college students average $ 24,000. After the addition of interest, the repayment period can degenerate $ 31,000.
Today, it is difficult to have a job to cover the overhead of database to find, and most young people don’t factor the cost of their education student loans until reality sets. Tuition and fees increased four times the average income since 1982. Graduates get jobs and not pay their debts to the College.
Learn how student loan funding
At the age of 18 years, most have no idea that the field or career you encounter. Schools must learn ready finance student first, before these young adults take the burden of crushing debt of College for dreams of a future, can provide.
According to Richard Arum and Josipa Roksa, authors of the new book, “Academic Drift”, 45% of the students is not an improvement of critical thought written analysis or complex reasoning after two years of College, falling to 36% for seniors.
In my opinion, there is no colleges that 46% of students are not, but rather, many of these students lack should not be used in the first place.
A senior member of the College teachers noted that expectations of course declined for decades, leaving many graduates unprepared for their future careers. This emphasis on Commerce college education that swollen rewarding poor educational attainment of high school and college ranks.
Many young people, which is more productive in a skilled trade that suits would have been through the senior academic system are routed, but lawyers or doctors League themselves is not feasible to maintain the student loan repayment in their tab of $ 100,000 or more.
Loans for the education of students-follow the money
Current statistics show that more than 11 million subscribers to schools and universities. Graduate about 2/3 with college debt.
As a principle of average student loan is $ 24,000, students must reimburse college debt for $ 31,000, 36% of seniors who may not have y in the first place. Is approximately 1, 980, 000 students who don’t have any progress in thinking, reasoning and analytical skills are always student loans, totaling approximately $ 47.5 billion, plus an extra $ Misikew in $ millions.
You read that correctly, these students 13.8 billion in interest.
Who gets the interest income of € 13.8 billion? Who took the student loan program? The Federal Government. The Administration has a great incentive for every young man, woman and their parents convinced him that they need to live in college and the debt itself.
Reduction in the student loans
Or a young adult college live if the need to respond to a personal level. Let’s here the response to the decrease in average college debt.
A solution is gaining popularity is on-line classes. The participation of some on campus is generally required, while basic lessons will be delivered by an instructor, on-line.
Returning students may complete the training of the College through programs of study online. Younger students may lessen their housing and travel expenses for courses at home in their computers, to prevent their career to start a loan for the education of students.