The Role Of Federal Loans Became Dependent On American...

When discussing further education for a high school graduate, attending a university is very costly. The use of federal loans became dependent on most American families that try to provide such an education to their child. Before World War II, academically advanced students from families that were unable to finance college could apply for competitive scholarships; Scholarships mutated into â€Å"financial aid† when the GI Bill of Rights financed college for the discharged veterans (Toby, 2010). Since then, student loan debt has surpassed $1 trillion, which is larger than debt accumulated from both credit cards and auto purchases (Student Loan Debt No Longer Just Problem for Borrowers, 2012). With the increasing amount of loans and the uprising cost of college, students fall farther into student debt every year. Whether it is at fault of the university, the poor economy, or the aid programs in general, students should not be required to pay back their federal student loans befo re finding a steady job in their field of study. Fault at the University Attending college after high school has become almost a necessity for finding employment in this day and age. The average university, whether it be public or private, is charging an exceedingly amount of money for enrollment, causing the student’s debt to increase. Tuition and fees have risen 26 percent during the past ten years at private four-year colleges, 47 percent at public two-year colleges, and 66 percent at public four-yearShow MoreRelatedSummary : Great Depression 1445 Words   |  6 Pagescompounded itself with the lack of economic understanding present at the time. Yet it had seemed that the economy was healthy before the crash. Employment was high and inflation was low. Yet these conditions only served as a mirage for many Americans. As industrialists became wealthy using new age technology and selfish business methods, 70 million people lived below the poverty line. Many of these men and women lived in rural eras where traditional industry, including farming, had beared the brunt of manyRead MoreEssay on The Great Depression1118 Words   |  5 Pages   Ã‚  Ã‚   In 1929, A Yale University Economist Irving Fisher stated. quot; The nation is marching along a permanently high plateau of prosperityquot;.(5) 5 days later the stock market crashed and the worst economic downturn in American history called the quot;Great Depressionquot; began. The Depression started in 1929 and would last for a decade until we entered War World II. The Great Depression affected every part of economy and no job was safe. In 1929 unemployment was at 1.5 million and by 1933Read MoreUrban Industrial Consumerism Between 1920 And 19291443 Words   |  6 Pagesmiddle-class Americans could afford to buy an automobile. 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In the 1960’s black and some white activists will see results from pressuring politicians and using the media toRead MoreWhat Was The Reagan Revolution?1787 Words   |  8 PagesPP1070: Introduction to American Politics What was the ‘Reagan Revolution’ and in what ways did it â€Å"change the course which American politics had followed since the 1930s†? Presidents of the United States are expected to lead the country and find solutions to its problems, but the chances of being allowed to do marginal political steps are negligible and success is rarely accomplished. Ronald Reagan was the president successful in bringing fundamental change in American politics. He was likeableRead MoreWhat Was The Reagan Revolution?1337 Words   |  6 PagesPP1070: Introduction to American Politics What was the ‘Reagan Revolution’ and in what ways did it â€Å"change the course which American politics had followed since the 1930s†? Presidents of the United States are expected to lead the country and find solutions to its problems, but the chances of being allowed to do marginal political steps are negligible and success is rarely accomplished. Ronald Reagan was the president successful in bringing fundamental change in American politics. He was likeableRead MoreThe Cost Of Higher Education2006 Words   |  9 PagesThe Cost of Higher Education Has Resulted in Extreme Student Loan Debt, How Do We Reverse This Cycle? During high school we are often told that higher education is essentially a precursor to achieving success in the workforce, meaning that your success is dependent upon earning a degree. We are also told that higher education is the key to â€Å"happiness† because it is clear that both a fulfilling and lucrative career is a direct representation of success. Sometimes parents, teachers, and guidance counselors