Where does the student’s money go? What happens when to the students when they finish they finish college? Will student loans help student to reach their goals? These are some of the questions that student may ask to their self when they are applying for student loan. Going to colleges is now hair-raising than before. Student loan can affect to the student for the rest of their life. Student loans are now rapidly increasing, more student having difficult time to pay their student load, and it does not guarantee a better career after they graduate.
The student loan is tremendously increasing every second. From the video, they stated that “175% increase tuition from year 1979 to 2010”. The student will be on debt after they graduate in college. One of the reasons why the tuition is rapidly increasing is because the schools like to have a better campus. The schools would spend money to build buildings so they can attract more students to enroll. The schools are competing, making more buildings and larger school. Schools would provide fancier structures such as having a spa, gym, and more. The students are the one who is actually paying for the buildings being built around the campus. The tuition increases because of the improvement of the campus rather than preventing their student in debt. If the school could be more focused on the student earning their degree, the students could save more money and be lessen their debt.
While the student loan debt is increasing the more financial problems student may have. This leads to a higher amount of student that could not afford to pay their student loans. Financial Aid is one of the government programs that can support student lessen their bills in school. In order to be qualified to these program the student should have meet the requirement. For example, FAFSA is one of the Financial Aid programs. In order to be qualified to this program the student must be independent from their parents. Based off my personal...
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