The student loan crisis: A look at the data.
Student Loan Levels. Student Loan Levels in the United States Student loans have risen significantly in recent years. In this paper, we explore some of the reasons for this occurrence, the issues associated with the occurrence, and potential solutions to the problem.
Debt is something that haunts us all. “Student loans are a type of debt that continues to affect about 37 percent of the American people” (Lanza). These loans affect our population by not allowing people to live the normal lives that they should be living but are rather burdening themselves.
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Free student loans papers, essays, and research papers. My Account. Your search returned over 400. The more I research student loans, the more I feel fortunate enough to have parents who are willing to help me pay for college to keep me from graduating with debt. Student loans causing debt should be considered a crisis.
One radical solution that recently has been proposed is that the federal government should completely cancel student loan debt to stimulate the economy (Caffentzis, 31). However, history has shown that in the case of tax rebate checks, people tend to spend any rebates to pay off other existing debt, or they simply save them.
With them not being able to qualify, it leaves taking out student loans to afford those college expenses. By them having no other option but to take out student loans, it is the start to a long road of student loan debt issues. Majority of student loans today are through the popular loan company Sallie Mae.
Student Loans and Repayment: Theory, Evidence and Policy Lance Lochner, Alexander Monge-Naranjo. NBER Working Paper No. 20849 Issued in January 2015 NBER Program(s):Economics of Education Program, Labor Studies Program, Public Economics Program Rising costs of and returns to college have led to sizeable increases in the demand for student loans in many countries.