College And Debt Essay

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College is a source where students get the golden ticket of their dreams. A lot of high schoolers might have a dream to attend college one day to gain more knowledge but to get higher degree one might need a lot of money, and colleges will give chances where people can take loans but when it leads to debt it can be worrisome. According to the Journal of Financial Counseling and Planning (Volume 27) , “Going to college without enduring student loans is impossible and most students do not know much of what they will be repaying”. Attending college is profitable but the debt makes it very tough. An article by Joel Elvery, an economist in the Federal Reserve Bank of Cleveland indicates that “Americans owe nearly $1.3 trillion in student loan debt, spread out among about 44 million borrowers”. Talking about college and debt issues are really important for students …show more content…
S., Newton, D. A., & Thompson, L. F. (2012). Payback time: the associations of debt and income with medical student career choice. Medical Education, 46(10), 983-991. doi:10.1111/j.1365-2923.2012.04340.x http://web.a.ebscohost.com/ehost/detail/detail?vid=3&sid=9279f432-02a1-478e-ad66-9b3ca78d2f96%40sessionmgr4010&hid=4106&bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d#db=a9h&AN=80125666 (Kristy L,

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