Issues on Graduating With Student Loan Essay Example | Topics and Well Written Essays - 750 words

Issues on Graduating With Student Loan - Essay ExampleThe critical issue because is Is it worth graduating from the university with educational expenses funded by student bestow? In an article written by Andrew Martin (2012) entitled Slowly, as Student Debt Rises, Colleges Confront Costs make online in The New York Times, it was revealed that the president of Ohio University, E. Gordon Gee, was cited to state that public colleges and universities need to devise a new business model to pay for the costs of education, beyond viscous students with higher tuition and greater debt (Martin par. 3). As disclosed, the amounts of student loans have reached a staggering $1 trillion and, in conjunction with economic and financial difficulties, the amount of borrowers struggling to pay off these debts are just manifesting a parallel rise. Accordingly, for the 2009 to 2010 academic year, annual prices for undergraduate tuition, room, and board were estimated to be $12,804 at public instituti ons and $32,184 at private institutions. Between 19992000 and 200910, prices for undergraduate tuition, room, and board at public institutions rose 37 percent, and prices at private institutions rose 25 percent, after adjustment for flash (Dept. of Education, National Center for Education Statistics 1). ... Average debt per bachelors degree recipient increased from $10,600 to $12,400 (American Student Assistance par. 4). One strongly agrees with Mr. Gees contention that another alternative course of action must be recommended to solve the student debt problem. From his professional perspective, Gee implements a planned apportionment of $1 billion, classified as inefficiently spent funds for potential redirection towards priorities from the Ohio Universitys $5 billion budget over the next five years. Likewise, he cogitate on revenue generation activities that include privatization of the campus parking and pressing donors for additional funds (Martin). Concurrently, college preside nts all over the country are looking for other ways to pay for education, stepping up private fund-raising, privatizing services, cutting staff, eliminating departments even saving millions of dollars by standardizing things like expense forms (Martin par. 6). Other proposals to solve the student loan crisis were highlighted by Sandra stave off and Christine Dugas (2012), whose report entitled Five proposals to solve student loan crisis, included options such as recommending a bankruptcy reform implement student loan forgiveness increase Pell grants linking federal educational aids to affordability and by educating the borrowers. From among those noted, one believes that educating the borrowers would scream the root cause of the dilemma but would not immediately address and assist in solving the repayment of the current student loan crisis. Is it worth graduating from the university with educational expenses funded by student loan? Looking at the dilemma from the students point s of views, the most plausible solution