College Loans How Much Is Too Much?
Many college lobbyists are debating over whether to increase the amount of money a student can take out in college loans. Financial-aid administrators are asking Congress if there will be a change in the amount of money a student can take out as the student loan amount was set over a decade ago.
Does the loan amount need to be changed or are student’s debt too much?
Looking from articles to government research and study reviews and the always interesting discussion forums has made me realize the amount people are taking out in loans. I come from a small town in Washington so by making the big move to attend college in California has me experiencing something mind blowing everyday.
Reading some students loans are as high as 100k, 200k, and even 450k has me wondering is it really worth taking out all those loans for certain colleges or is it just what needs to happen in our society today.
Depending on what job and career you are searching for it can be worth the time and money but it is wise to take out the least amount of money in college loans.
Some alternatives and tips to help limit loans you take out.
• Look for a school that will work with you and wants you to attend their college. They will be more likely to work with you on your financial aid package and issues than a college that you have to fight to get in.
• Lower-cost alternatives. It is wise and seen by many students to start out at a two-year college than transfer to a four-year to have some money. Make sure that you get the classes and degree that transfer to where you are going before making the decision to transfer.
• Get a job. A part-time job might not seem to help out that much but it adds up in the end while giving you a little extra money for school and fun here and there.
Well hopefully you enjoyed this post and I will write again soon.
Have a great day and God Bless!
Does the loan amount need to be changed or are student’s debt too much?
Looking from articles to government research and study reviews and the always interesting discussion forums has made me realize the amount people are taking out in loans. I come from a small town in Washington so by making the big move to attend college in California has me experiencing something mind blowing everyday.
Reading some students loans are as high as 100k, 200k, and even 450k has me wondering is it really worth taking out all those loans for certain colleges or is it just what needs to happen in our society today.
Depending on what job and career you are searching for it can be worth the time and money but it is wise to take out the least amount of money in college loans.
Some alternatives and tips to help limit loans you take out.
• Look for a school that will work with you and wants you to attend their college. They will be more likely to work with you on your financial aid package and issues than a college that you have to fight to get in.
• Lower-cost alternatives. It is wise and seen by many students to start out at a two-year college than transfer to a four-year to have some money. Make sure that you get the classes and degree that transfer to where you are going before making the decision to transfer.
• Get a job. A part-time job might not seem to help out that much but it adds up in the end while giving you a little extra money for school and fun here and there.
Well hopefully you enjoyed this post and I will write again soon.
Have a great day and God Bless!
posted by Jared Wash at 1:54 PM
1 Comments:
Here's a site that can help you find a career in order to pay back all those college loans. Careers and Education is a free online database containing endless content about degrees and careers!
Post a Comment
<< Home