Today reality is causing many people to come to their senses or give up the fight for success in their lives. So is the case with the students. Many students in the US rely on Students Loans to meet the never meeting ends of the humongous fee structures of the local colleges…
It is a part of the five year plan to cut $39.7 billion in total from the $71.5 billion student-aid programs.
The first impact of the bill being applicable from 1st July, a student borrowing loan after 1st July will be offered rates of 6.8 percent compared to 1.5-2.5 percent rates they enjoyed and have raised questions among the students such as, " Who is responsible" , "How I am going to pay these loans", "Why me" etc.
Teneya Morman a junior majoring in MARKETING from N. C. Central when interview said, "I'm a junior in school but after my senior year my education will be more expensive because of the changes in the financial arena. I may not be able to attend. This change will be negative because it will make students not focus on their grades but on money that has to be paid back for my education. It will have a negative affect on the black community because we are the people who don't have the funds to pay."
Another graduate student in Computer Information Systems Donnell Williams says, "Graduate school is a sacrifice for many students. They have to be willing to either foot the bill or work hard to secure financial resources. In other words, it is really unfortunate as graduate school becomes more of a gateway to satisfiable employment and career options, now this is another obstacle." ...
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(“Financial Assistance for a Struggling Student Essay”, n.d.)
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(Financial Assistance for a Struggling Student Essay)
“Financial Assistance for a Struggling Student Essay”, n.d. https://studentshare.net/education/302947-financial-assistance-for-a-struggling-student.
As disclosed, the cost of college education has significantly increased for the comparative periods 1999 to 2000, as compared to a decade hence forward by as much as an average of 31% for public and private college institutions. To enable the students to pursue higher education, most resort to financial aid or student loans.
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