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Student Loan Crisis - Essay Example

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The essay "Student Loan Crisis" describes that a good number of college graduates have taken loans to enable them pay for their education. Reducing the burden of student loan is an effective way to enhance the economy and so the government should develop and implement policies that make is easier for students to handle the debt situation. …
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Student Loan Crisis
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Student Loan Crisis

Download file to see previous pages... Student loans have become the main source of indebtedness in America. Notably, the U.S government is not doing much in ensuring that students get their degree from college without struggling so much. Personally, I think it is the government’s responsibility to ensure that every American child has an easy access to quality education and this should extends to higher learning. The government should forgive students loans because Americans have a right to achieve their dreams. This paper presents an argument that the U.S government should do more to relieve the student loan burden.
Arguably, the U.S government needs to cover tuition payments for students or make higher education free. It should set rules and establish unbreakable laws that enable individuals to obtain the college education. This is necessary because offering free education for students without appropriate conditions will facilitate the emergence of careless generation. That is, if college education is free, there should be fully implemented laws that make it difficult to get college education. For instance, when applying for any major in the University of Kuwait, GPA must be more than 2.50. More so, when applying for government scholarship, GPA above 3.00 is needed. Apart from these strict rules, there is a warning for students in the scholarship program if they get GPA below 2.00, and after getting many warnings during college, the student is suspended and must pay the government all the college costs. Indeed, such rules motivate the students to study harder and try their best to graduate successfully so as to avoid the consequences of these rules. Therefore, the U.S government should establish rules that ensure that students take their studies serious.
Moreover, the government should give students free interest loans to enable them overcome struggles they face during loan repayment. That is, it should help American students to get loans to pay their tuition fees with no benefits. This will make it easier for college graduates to pay back their loan and escape the loan burden. After college, it is very hard to get a good paying job immediately they finish college as most of them are graduating from college into the worst jobs and they have records of student debt, and this makes it hard for them to pay their debts in a shorter time (Jackson).  ...Download file to see next pagesRead More
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