Essay On Student Debt

Over 15% of the nation's household population owe student debt in 2010 according to Pew Research Center (see Figure 1). Of that percentage, many individuals who take out student loans are in the bottom half of the income scope, making the possibility of paying off student debt a long time coming. But, student loan should not be such a hassle, unless they take the right steps to ensure that loan debt isn't a burden. These steps should include finding suitable loans that fit the student. There are many loans with different payment options, grace periods, and interest rates. It is imperative that the student finds one that fits his or her lifestyle that would effectively repay the student loan debt more efficiently. A credit card is very similar in this aspect, which could be view as a mini loan where an individual borrows money for a something smaller rather than college tuition but more like gas and emergency situation. The individual goes through the same process as a loan of find a credit card
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