College Debt Benefits

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College today costs twice as much as it did 20 years ago, even after adjusting for inflation, college tuition has gone up 50 percent (“making college affordable”). In many circumstances students are not making wise choices when it comes to investing for their future careers in a safe and correct way. Students are focusing to much on post college earnings which can be stressing and lead to bad decisions. Financial debts are a problem for college education but, many incentives can help with this problem such as scholarships, grants, and financial aids. College scholarships and grants are ready and available for students who do there research and pay attention to the regulations and process.
One quarter of the U.S population owe a collective …show more content…
College students who graduate during a recession suffer and average of 9% reduction in annual earnings initially, and that the discrepancies don’t disappear until about 10 years after graduation (Block 7). The cost of going to college could seem frightening, but this shouldn’t be a bystander for applying, finding, and receiving scholarships. They ensure that you won’t struggle by making a big student loan payment upon graduation.
There are an estimated 1.5 million scholarships in the united states (Chandler 1). It is a common belief among students that financial aid is geared towards students who need assistance paying for college. However, receiving a scholarship is a great advantage to anyone that is skilled enough to be able to receive one. If you are still not sure about applying for scholarships and unable to it dedicate effort and time into it consider these important interests when deciding whether or not it’s worth your time to fill out these applications. Scholarships …show more content…
This is a reason why you should be motivated to look forward into grants. Being at risk doesn’t put you in a position to not the have opportunities to be able to receive grants. Through the first world program, the department provided $135 million in grants to colleges to test and validate strategies to help at Risk students to complete their degrees. Searching for opportunities is all it takes, but not searching is going to lead you with last bad decisions. During Obama’s presidency 2 million pell grants awarded to students every year since he took office. He increased “$50 billion from 2000 to 2016, and increased tax benefits by over $12 billion, which helped the nation ensure more students are graduating from college than ever before.” Ever since these administration student loan delinquency and default eyes have decreased substantially across the country and continue to trend downward. There are essential things being done where you have to be alert and prepared to take advantage of when they are handed out like the previous one, these are opportunities that have
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