Sunday, October 4, 2009

Student Debt Grows Dramatically


Student Debt Grows Dramatically - WSJ.com

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15 comments:

  1. Claudia PaezOctober 6, 2009 at 8:40 PM

    Thinking about the troubles that come along with loans disencourages me from looking forward to my future studies. Now I understand, however, that the more loans we take out, the more expensive colleges become. I refuse to imagine myself in debt ten years after I graduate from college like some of the people interviewed in this article. I want to be able to buy my first house and raise a family without student debt looming over my head. Unfortunately, I think it will take a long time for the prices of universities to lower and therefore my options for college are limited. We must all make smart economic choices in these times of hardship, and we must think of the consequences of our actions.

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  2. AnonymousOctober 7, 2009 at 7:51 PM

    today school has become so competative and is very expensive. sometimes parents should realize that times are different when they were children and on the flip side, kids need to realize that they need to take care of the responsibilities of being an adult. kids should not expect there parents to pay all of their student loans but there is definately some need for parental help and guidence. hopefully, even though the economy isnt great, there will be more student loans available.

    anna w.
    pd. 6

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  3. AnonymousOctober 7, 2009 at 9:09 PM

    Because the economy is doing so poorly, the need for students to get loans for college has increased exponentially. But, this has also caused an increase in competition for top schools. Because many families cannot afford to send their kids to really expensive colleges, the need for student loans has risen dramatically. But, many students don't realize at the time of taking out the loans that after college, they will be thousands of dollars in debt. Students and their families really need to consider smart economic choices regarding where they go to college, because if they don't, they can get into serious problems with money when they graduate.

    Jennifer Lubell
    Period 3

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  4. Kaitlin calihanOctober 8, 2009 at 1:18 AM

    This article particularly caught my eye because it directly relates to me. I am going to college next year and the high amounts needed to borrow from banks are definitely going to affect me. I strongly do not want to start off my life with a big pile of sweat. I believe the economy is horribly suffocating American students. It has become more and more expensive to pay for education and the multitude of loans that need to be taken are becoming outrageous. I only hope that I am fortunate enough to be able to "start with nothing" rather than with a burden of extreme debt.

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  5. tthornsOctober 8, 2009 at 7:17 PM

    Student loans and students getting into serious debt is nothing new, but is happening much more frequently now in economic times like these. Although many blame students and put the resonsibility on them, scholorships and grants are getting more and more difficult to get everyday therefore more and more students are having to resort to loans. Also the economy has hurt many people's family income and has forced them to take out loans rather then recieving help from their parents. Economic times like these might make more students think twice about going straight to college, and consider finding a job if possible for a year or two to save money before going back to school.
    -Taylor Thornsbury Period 3

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  6. AnonymousOctober 8, 2009 at 8:39 PM

    Because the economy is doing so poorly, so many more kids are taking out student loans for college. With this happening, more kids will be covering themselves in huge amounts of debt and will struggle to pay it off. Yes, i think we need student loans because if we didn't have it, most kids wouldn't be able to go to college. But this gives everyone an opportunity to get an education, but they need to take the responsibility and pay off those debts using their expensive education and get a job.

    Alec Mallinger
    period 6

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  7. adamOctober 8, 2009 at 8:45 PM

    It is sad that in order to get an education, we must go into so much debt that it is almost not even worth it. Luckily in Florida we have bright futures and prepaid so the price of going to undergraduate school is not that bad. But most people in the United States are forced to take out these loans. The government should control the amount of tuition that schools can charge so that the prices don't continue to increase like the article talked about.

    Adam Greenstein
    period 6

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  8. AnonymousOctober 8, 2009 at 8:46 PM

    With a lot of parents hurting because of the economy more and more students are resorting to collage loans. Instead of going to a private university many students are going to public ones instead. It's an effort to save as much money as they can. School expenses are very high and are only going to get higher. While reading student comments on studentsreview.com i've noticed a ton of complaints about costs. Imagine going to college and racking up all this debt and not being able to find a job once graduating. It's happening all over. The problem is that it can't be stopped. This economic crisis hurts all.

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  9. AnonymousOctober 8, 2009 at 8:48 PM

    With a lot of parents hurting because of the economy more and more students are resorting to collage loans. Instead of going to a private university many students are going to public ones instead. It's an effort to save as much money as they can. School expenses are very high and are only going to get higher. While reading student comments on studentsreview.com i've noticed a ton of complaints about costs. Imagine going to college and racking up all this debt and not being able to find a job once graduating. It's happening all over. The problem is that it can't be stopped. This economic crisis hurts all.

    Billy Schlesinger
    Period 3

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  10. UnknownOctober 8, 2009 at 9:10 PM

    The federal government does provide "free money" to the lower class in order for them to go to college. This increase in borrowing is done mostly by the middle class, the one's that are too rich to acquire to free financial aid yet too poor to pay for tuition, classes, books and everyday living expenses. The government needs to extend the range and amount of financial aid given to college students in order to create a downturn in overall college expense. The added aid would also make it easier for the average college student to live happily and securely from a 0 point as opposed to being in $25,000 of debt.

    Hsiao-Wen Chang Period 6

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  11. AnonymousOctober 8, 2009 at 11:51 PM

    Although i expected percentage rates of student loans to grow i was in shock to see how high it has increased in the past years. The article put it in to good perspective by providing solid examples of young people still struggling from their student loans. I was unaware of how long it took to pay off student loans so i found it interesting that 28% have had to hold off on having kids just because they are still having issues paying off their loans. Now i just wonder how many years will it take for the large statistic to shrink back down again.

    Kate Tanner
    period 1

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  12. julian cortesOctober 9, 2009 at 6:22 AM

    i am actually not surprised by this article 1 bit, my mom lost her job and my dad lost one of his two jobs and every college/university im looking for is way out of my price range, and its going to take ALOT of loans to pay for it. im hoping the advantages of higher education are worth the seriously large amounts of debt im getting my self into. but i do believe that something should be done to help student financially and to stop the amount of money required to get out education, which is bad enough already, from rising.

    Julian Cortes
    per 4

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  13. AnonymousOctober 9, 2009 at 5:20 PM

    I really like this political cartoon because i feel it accurately depicts the way that many students are thinking about their futures. The expensive of college discourages many students from even considering going to college, and decide they would rather just graduate from high school and do their best to get a job. For those who go to college for four years are often forced to move back home due to their debt. Because they start their career out with negative money it makes it very hard from them to live on their own. It is very likely that this situation is only going to keep getting worse.

    Hanna Fritzinger
    Period 5

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  14. Mariah SchaflinOctober 9, 2009 at 6:22 PM

    Altough unfortunate this article does not come as a complete suprise. Given the economic situation its understandable that students are now looking for loans in order to pay for their college education. However, I was suprised to read that some experts believe the cost of college has also gone up. Four years at any university is expensive and with the way the
    economy is today its inevitable that some students are going to have to rely on loans.

    Mariah Schaflin period 3

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  15. AnonymousOctober 9, 2009 at 9:57 PM

    Due to the current status of the nations economy, student loans are going to be scarce. Banks are apprehensive to lend out money, especially to as much as 40,000 dollars a year to an unemployed student. Unfortunately, the economic status has prompted many students who otherwise would not need to take out a loan, to need to take one out. This means that there will be less loans available, yet more students in need of one. I was surprised to read that 28 percent of adults need to hold off on having kids because of the debt they own to pay off their college loans. This will make many students think twice when picking a college.
    Eileen Aber period 3

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