” As a child this question seems so broad and open. One day I could’ve been a teacher, and the next day a veterinarian.But one thing you don’t hear most kids say they dream about being is a college graduate.For example, when was the last time, at least in recent years, that anyone heard of a university actually lowering their tuition fees.In reality, year after year the trend has been for universities to increase rates.However, when the time comes to plan your life, suddenly the options diminish and you’re really left with only two; college, or a job....[tags: Higher Education, Student Loans] - On average college students owe ,200 in debt due to high costs of college (Ellis).[tags: Papers] - The banking credit crisis of 2008 highlighted the issues of students and parents becoming limited in their options for both obtaining and repaying student loans.
The Education Department has become one of the toughest debt collectors around.
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.
This is a very frightening statistic that is a sad reality to many college students today.
Students graduate and are shocked by the dollar amount they owe because of student loans.
There will always be a few that don’t pay off their loans.