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In this Padlet, you will be able to learn about the concept of student loan debt in detail with interesting websites, images and videos. this will help you to know more about student loan debt in detail. For example how to pay loan faster, types of loan, whether these loans are good or bad and many more. Hope so you will find our Padlet interesting.

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Paragraph: 1 A student loan is a form of debt that is owned by the student for paying their fees to their institutions. There are different types of student loan laws in every different country. Many factors contribute to student debt. The major one is the decline in the income premium for graduates as compared to non-graduates.
I have selected this website because it provides the details of the concept of the student loan debt in detail by explaining the history, different rules for the student in various countries. For example, there are two types of loans borrowed by the students that are Federal loans and Pivotal loans.

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Student debt is a form of debt that is owed by an attending, formerly withdrawn, or graduated student to a lending institution, or to a financial institution.

The lent amount, often referred to as a student loan or the debts may be owed to the school (or the bank) if the student has dropped classes and withdrawn from the school, or if the student has graduated but is underemployed. Withdrawing from a school, especially if a low (or no- income student) has withdrawn with a failing grade, could deprive the student of the ability of further attendance by disqualifying the student of necessary financial aid. Student loans also differ in many countries in the strict laws regulating renegotiating and bankruptcy. Due payments may be a retroactive penalty for services rendered by the school to the individual, including room and board.

As with most other types of debt, student debt may be considered defaulted after a given period of non-response to requests by the school or the lender for information, payment or negotiation. At that point, the debt is turned over to a Student Loan Guarantor or a collection agency.

Many factors are accountable for student debt. One factor is the decline in the income premium for graduates compared to non-graduates. It is not yet negative, but has declined to historic lows for those born since 1980 (with more pronounced downward trajectories for those with post-graduate degrees). Another factor is amount of interest on the loans. Yet another factor is the new guidelines developed by the federal government. There are now new rules deciding who can borrow, as well as how much debt they can take on. Colleges and universities have been increasing the costs for students to attend schools. This is subsequently increasing the amount of debt the students take on as student loans. Reports have shown that borrowers who finished college in the early 1990s were able to manage their student loans without an enormous burden. The average debt increased 58% since in the seven years from 2005 to 2012. The debt for students in the United States rose from $17,233 in 2005 to $27,253 in 2012. Some blame the economy for the debt increases, but in the same 7-year period credit card debt and auto debt have decreased. According to the American Center for Progress' report on the Student Debt Crisis, within the past three decades the cost of attaining a college degree has drastically increased by more than 1,000 percent. If student debt went in rhythm with inflation since 1992, then graduates would not be facing this immense debt pressure. From 2015 to 2017, the student loan debt in United States saw a steady ascension, where New Hampshire carried the highest average debt per student, at $27,167. Newer data, as of 2018, reflects an even larger crisis and cumulative level of student debt.

As of 2018, a total of 44.2 Million borrowers now owe a total of over $1.5 Trillion in student debt. In addition to more borrowers, and the total amount owed having more than doubled (up 250%) from $600 Billion to $1.5 Trillion in 10 years, according to Forbes Magazine , the rate of delinquency greater than 90 days, or default, has doubled to over 11% nationwide, according to the Federal Reserve.

US student loan servicers include Great Lakes Educational Loan Services, Navient, FedLoan Servicing (PHEAA), MOHELA, HESC/EdFinancial, CornerStone, Granite State - GSMR, OSLA Servicing, and Debt Management and Collections System.

There are two types of loans students borrow in the US: Federal loans and Private loans. Federal loans have a fixed interest rate, usually lower than private loans' interest, set annually by the congress. The direct subsidized loan with the maximum amount of $5,500 has an interest rate of 4.45%, while the direct plus loan with the maximum amount of $20,500 has an interest rate of 7%. As for private loans, there are more options like fixed interest rate, variable interest rate, and income based monthly plans whose interest rates vary depending on the lender, credit history and cosigners. The average interest rate for a private loan in 2017 was 9.66%. The Economist reported in June 2014 that U.S. student loan debt exceeded $1.2 trillion with over 7 million debtors in default. In 2014, there was approximately $1.3 trillion of outstanding student loan debt in the U.S. that affected 44 million borrowers who had an average outstanding loan balance of $37,172. As of 2018, outstanding student loan debt totals 1.5 trillion.

The interest rates are a major factor in the alarming debt numbers, however, the booming of prices of college is another major factor for US tremendous student debt. The Public universities increased their fees by a total of 27% over the five years ending in 2012, or 20% adjusted for inflation. Public university students paid an average of almost $8,400 annually for in-state tuition, with out-of-state students paying more than $19,000. For two decades ending in 2012, college costs rose 1.6% more than inflation each year. Government funding per student fell 27% between 2007 and 2012. Student enrollments rose from 15.2 million in 1999 to 20.4 million in 2011, but fell 2% in 2012. Bloomberg reported in July 2014 that: "The biggest growth in the program came in the past decade, as student debt rose an average of 14 percent a year, to $966 billion in 2012 from $364 billion in 2004, according to New York Fed data."

There were around 37 million student loan borrowers with outstanding student loans in 2013. According to the Federal Reserve Bank of New York, outstanding student loan debt in the United States lies between $902 Billion and $1 Trillion with around $864 Billion in Federal student loan debt. As of Quarter 1 in 2012, the average student loan balance for all age groups is $24,301. About one-quarter of borrowers owe more than $28,000; 10% of borrowers owe more than $54,000; 3% owe more than $100,000; and less than 1%, or 167,000 people, owe more than $200,000. Of the 37 million borrowers who have outstanding student loan balances, 14%, or about 5.4 million borrowers, have at least one past due student loan account. For every student loan borrower who defaults, at least two more borrowers become delinquent without default. In 2010 for the first time ever, student loan debt exceeded credit card debt and in 2011 student debt surpassed auto loans (both of which were decreasing). According to Mark Kantrowitz, publisher of FinAid.org, student loan debt is growing by $3,000 per second. According to a report by The Institute for College Access and Success the average debt from those who graduated in 2013 topped $30,000 in six states and was only below $20,000 in one state. Data released by the Federal Reserve Bank of New York showed that in the fourth quarter of 2014 delinquency rates for students dipped to the point where approximately one in nine student loans is past due. As of 2015 over half of outstanding student loans are in deferral, delinquency or default. Rising student loan debt is exacerbating wealth inequality.

Student loan borrowers that attended a for profit, and two year community colleges, in comparison, earn low annual salaries; an average of $22,000 for people withdrawing from schools as of 2010. This means that these people have troubles paying back their loans. The new evidence is reliable with the previous data. For example, the statistics presenting that default rates are essentially lower within the demographic of borrowers with large loans than within borrowers with small loans. However, the new evidence which goes back twenty years, shows how much the scenery of borrowing has changed. Currently, most borrowers are older and attended a for profit or two year community college. About ten years ago, the standard borrower was an established student at a four-year university.

In recent years, tuition has been rising due to the cuts of government funding in education. As an example, more specifically, the University of Pittsburgh has had an increase in tuition of 3.9 percent for the academic school year of 2014-15. In 2014, the U.S. Department of Education ranked Pitt as the most expensive public university for tuition and fees at $16,240, just ahead of Penn State University.

In 2005, the difference in median annual income between those with a bachelor's degree vs. those with a high school diploma was $16,638, though this varies considerably by field of study.

In January 2019, the Federal Reserve said that student loan debt has more than doubled in the last decade, and is forcing many in the millennial generation to delay buying homes. A 2019 survey by Bankrate found that student loan debt is also forcing millennials to delay other financial and life milestones, such as building emergency savings, saving for retirement, or paying off other debts. Beth Akers, a senior fellow at the Manhattan Institute for Policy Research, points out that 66% of millennials have no college debt; most who do have debt proportional to their income; and that for those who drop out or fail to get a high-income job after getting an expensive degree, there are government programs that limit payments to a reasonable percentage of income and that forgive loans after 10-20 years if they cannot be repaid.

The growing problem of student debt has caused many reactions from young people throughout the United States. As a result, the Occupy Colleges and Occupy Student Debt movements merged in 2012 in an effort to gain support from students around the country. There have been significant efforts made via social media for the Occupy Student Debt campaign. In particular, students all over the United States have posted their personal student debt testimonies. While some success stories of students eliminating debt have been reported on, they are met with heavy skepticism. Since last October, Occupy Student Debt has provided a platform for over 800 students to share their horror stories. Because of this, other organizations such as, Rebuild the Dream, Education Trust, and the Young Invincibles, have joined in the effort and started similar platforms. The Occupy College movement itself has staged over 10 direct actions. They have also gathered over 31,000 signatures on the White House's petition site, "We the People". As a result, President Obama announced the Pay as you Earn initiative. Another petition, titled 'Support the Student Loan Forgiveness Act of 2012' on MoveOn.org, which seeks similar relief for student borrowers, has gotten over one million signatures. HR 4170: "The Student Loan Forgiveness Act of 2012" would give relief to borrowers with both federal and private student loans. HR 4170 also includes the "10-10" programs, which allows borrowers to pay 10% of their discretionary income for ten years with the remaining balance forgiven afterwards.

In April 2012, student loan debt reached US$1 trillion. Severity of the student debt burden represents such a threat to the middle class that some have demanded a general bailout. Anthropologist David Graeber, author of Debt: The First 5000 Years, argues that student debt is "destroying the imagination of youth":

If there's a way of a society committing mass suicide, what better way than to take all the youngest, most energetic, creative, joyous people in your society and saddle them with, like $50,000 of debt so they have to be slaves? There goes your music. There goes your culture. There goes everything new that would pop out. And in a way, this is what's happened to our society. We're a society that has lost any ability to incorporate the interesting, creative and eccentric people.

In 2014, a Chilean activist, artist Francisco Tapia, known as "Papas Fritas" (French Fries) "burned $500 million worth of debt papers" from Viña del Mar University, and displayed the ashes in a van as an art project. "The University was being shut down due to financial irregularities. 'It is a concrete fact that the papers were burned. They are gone, burned completely, and there's no debt,' said Papas Fritas in his first U.S. broadcast interview. 'Since these papers don't exist anymore, there's no way to charge the students.'

On November 12, 2015, students organized rallies at more than 100 college campuses across the United States to protest crippling student loan debt and to advocate for tuition-free higher education at public colleges and universities. The demonstrations took place just days after fast food workers went on strike for a minimum wage of $15 an hour and union rights.

In 2015, Central Saint Martins student Brooke Purvis announced that he would burn his student loan as a form of protest art, raising awareness about student debt. It is argued the art work addresses the subject matter of the materialism of money and brings to light the political issues of the U.K student loan system.

A February 2018 research paper from the Levy Economics Institute of Bard College argues that government cancellation student debt in the United States would result in rising consumer demand, along with economic growth and increased employment. Over the following decade, the GDP would increase by between $86 billion and $108 billion annually, which would result in an increase of between 1.2 and 1.5 million jobs and a decreased unemployment rate of 0.22 to 0.36 percent.

In April 2019, Elizabeth Warren, a U.S. Senator from Massachusetts seeking the nomination in the 2020 Democratic Party presidential primaries, added a proposal to her presidential platform to cancel student debt and make public colleges tuition free. In June 2019, U.S. Senator from Vermont Bernie Sanders, who is also seeking the 2020 Democratic nomination, offered a plan for the cancellation of all 1.6 trillion in outstanding student loan debt which would be paid for with a tax on Wall Street speculation.

According to a Hill-HarrisX poll, 58% of registered voters are in favor of making public colleges tuition free and also support abolishing all outstanding student loan debt.

It was revealed in September of 2019 that the U.S. Army is using the student debt crisis to boost recruitment, more so than the ongoing conflicts it is engaged in, and because of this exceeded its recruitment goals. The Head of Army Recruiting Command, Maj. Gen. Frank Muth, said that "one of the national crises right now is student loans, so $31,000 is [about] the average. You can get out [of the Army] after four years, 100 percent paid for state college anywhere in the United States."

Student loan resistance groups

The most visible student loan resistance groups in the US are the Debt Collective, Strike Debt, and Student Loan Justice.

As of 2018, Canada ranks third in the world (behind Russia and South Korea) for the percentage of people in the age group of 25-34 who have completed tertiary education. But Canadians are not prone to the rapid accumulation of student loans. As of September 2012, the average debt for a Canadian leaving university was 28,000 Canadian dollars, and that accumulated debt takes an average of 14 years to fully repay based on an average starting salary of $39,523. To temporarily help their low income struggling citizens with student debt, Canada has a program called "interest relief". It grants 6 months free of mandatory payments, for a maximum of 30 months. The Canadian government pays for the interest on those loans during the grace period, so the loan amount is the same at the end of the grace period. Also, students are relieved of their debt after 15 years. As a nation, Canadians have accumulated more than $15 billion of student loan debt as they continue to fight tuition rates from further skyrocketing.

There is concern about the level of student debt in the United Kingdom. There is also concern about possible changes in government policy forcing graduates to pay back more. Andrew Adonis claims most student loans will never be repaid, Adonis also states that university leaders have failed to improve teaching standards but rewarded themselves handsomely with high salaries. The Institute for Fiscal Studies claims that 75% of graduates will never repay all their debts. Andrew McGettigan, loans system expert said, "Until the government removes their right to retrospectively change terms, then you as a borrower appear to be on the hook to future policy changes". Sebastian Burnside NatWest economist, said "These latest figures show student debt is becoming of greater priority with every passing year. Student debt is the fastest growing type of borrowing and is rapidly becoming economically significant."

Germany has both private and public universities with the majority being public universities, which is part of the reason their graduates do not have as much debt. For undergraduate studies, public universities are free but have an enrollment fee of no more than €250 per year which is roughly US$305. Their private universities cost an average of €10,000 a semester which is about US$12,000. Private universities account for 7.1% enrollment with the rest attending the public universities. The private universities have a smaller teacher to student ratio and tend to offer more specialized programs which is why Germany is experiencing a boom in private universities enrollment in recent years for majors like law and medicine. However, most students still prefer public universities due to the drastic difference in tuition cost. The only expense students take out loans for in public universities is the living cost which ranges from €3600 to €8,200 a year depending on the university location. However, the repayment of this loan is interest free and no borrower pays more than €10,000 regardless of the borrowed amount. In 2005, the average debt at graduation was €5,600 which is US$6,680. The chance to gain a bachelor's through well respected universities at a reasonable price without interest packed loans attracts many foreign students as seen through increased enrollment of students from all around the world.

The average tuition for a bachelor's degree in France is around 190 euros a year, around 620 euros a year for engineering degrees, around 260 euros a year for a master's degree and around 400 euros a year for a PhD. These prices are similar to its neighboring country, Germany. Housing, transportation and health insurance costs are not included in the tuition price. Students are able to take out loans in order to pay for these expenses. Only less than 2% students take out loans as there is financial assistance to pay for the full tuition or half of the tuition for low income families, depending on their needs.

Excluding students from outside Switzerland, the EU, or EEA, there is no tuition fee for students studying at Finnish Universities. There are, however, many exemptions for non-Finnish citizens studying at a Finnish University to not pay tuition as well. In addition to going to college for free, students also receive student grants from the government. These grants are generally used for housing and compensates for up to 80% of rent for students who live independently and/or not qualified to receive child benefits. Through Kela, 40% of students take out student loans in addition to student grants. Student loans average to about 650 EUR a month for higher education within Finland and an average amount of 800 EUR a month for Finnish students studying abroad. These loans are not through Kela itself but is a guaranteed loan through the student's bank of choice. Besides just student loans and grants, Finland also compensates its citizens, and others that qualify, a meal subsidy, school transport subsidy, and a student loan compensation for students who finish schooling in a target time.

In August 2017, Finland saw student loan drawdowns double to 143 million EUR from August 2016 as a result of being able to borrow 650 EUR a month from the previous 400 EUR a month. The reform for financial aid resulted in students that qualify for government-guaranteed loans to increase to over 60%.

Best, J. and Best, E. (2014). The Student Loan Mess: How Good Intentions Created a Trillion-Dollar Problem. Atkinson Family Foundation.

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Student debt is a form of debt that is owed by an attending, formerly withdrawn, or graduated student to a lending institution, or to a financial institution. The lent amount, often referred to as a student loan or the debts may be owed to the school (or the bank) if the student has dropped classes and withdrawn from the school, or if the student has graduated but is underemployed.

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No doubt, by running this student loan program government earns a good profit of income. But it doesn't mean that it is a bad thing for students. Undergraduates more than 10,000 borrow loans from the government because it provides them with a number of repayment options and consumer protection that maybe not provided by other private lenders. I selected this website because it explained in detail whether or not it is good for students or not. This piece of information was important and was described in a well-organized manner on this website which is not available on other websites.

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Shahien Nasiripour's November 18 piece stated that reported profits from the federal student loan program offset a large part of the U.S. Department of Education's budget, while noting that some experts disagree that the program actually generates a profit. We'd like to add three points: 1) the federal budget's accounting for student loans is correct -- the government does make a profit on the program; 2) this doesn't mean that the program is a bad deal for students; and 3) before making the program more generous, we should evaluate whether that's the best use of new federal dollars, which are very hard to find these days.

Explaining why the student loan program is running a profit is complicated so we'll save it for the end. But the government's profit does not mean that the program is necessarily a bad deal for students. More than 10 million undergraduates per year borrow from the government precisely because it helps them pay for college and comes with favorable repayment options and consumer protections not offered by private lenders.

How can the government both run a profit and charge lower interest rates and provide better terms than the banks? The key is that the Treasury borrows at lower cost than banks. It also doesn't pay dividends to stockholders, and it has more effective mechanisms for collecting overdue loans.

Advocates for students worry, understandably, that student indebtedness is growing too rapidly. Why not reduce or eliminate the federal profit by, say, cutting the interest rates that students pay for federal loans or forgiving a slice of outstanding debt? But making the student loan program more generous to students overall would raise total federal spending and deficits, since the program is part of the federal budget. And it may not be the best use of additional budget dollars, which are scarce.

Policymakers would need to weigh the range of alternatives across the budget, such as expanding Pell Grants for low- and moderate-income students, reducing the deficit, or making other investments with a future pay-off, such as repairing and expanding public infrastructure. If reducing the burden of student loans has merit, it is not simply because the federal program is running a profit but because many students need the relief and making college a bit cheaper is good for the nation's future.

Now for the accounting. Those who claim that the federal budget shouldn't show the student loan program as running a profit assert that the government's portfolio of student loans is worth less than the average amount the government will actually collect on those loans. They believe this is the case because they give more weight to the possibility that the government will collect less than expected in a given year (due to unexpectedly high defaults) than to the equally likely possibility that the government will collect more than expected in a given year. Therefore, they argue, the budget should add an extra amount to the program's actual cost to reflect what loss-averse private lenders would charge if they, rather than the federal government, issued the loans.

We strongly disagree (see here and here), as does former Congressional Budget Office Director Robert Reischauer. Under the government's accounting conventions, the risk of default on loans and loan guarantees is already factored in. There is no need to also add in costs to reflect the loss-averse nature of private lenders. Government accounting has always reflected -- and should always reflect -- how much cash the government spends and receives, not how the private sector would value the same transactions.

Many have proposed improving the federal student loan program to make it simpler, more targeted, and more effective, and it no doubt could be. Nevertheless, the student loan program as it stands is a good deal for both students and the government.

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Student Loans Are a Good Deal for Students and the Government

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Shahien Nasiripour's November 18 piece stated that reported profits from the federal student loan program offset a large part of the U.S. Department of Education's budget, while noting that some experts disagree that the program actually generates a profit.

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Website #3 Benefits of paying student loan earlier.

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Website #3 Benefits of paying student loan earlier.

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It is a good idea to pay the loan before the time exceeds. There are many benefits of paying the loan in advance as we have to less amount of money on the interest that had to pay during the repayment.
I selected this website to explain the benefits of paying off the student loan earlier and this website seems to be very perfect as it has provided the tips to manage finances in order to put more money toward demolishing your debt each month. This was important for me also as being a student I come across new strategies to manage my budget.

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Paying Off Student Loans Early: Benefits and Tips | LendEDU

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If you are looking to pay off your student loans early, check out this guide to see what you can do to ensure you choose the quickest option.

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There are many tricks and tips that one can use to pay off student loans faster. These tips include paying more than one in the month. This is possible only if one sticks to the usage of the money all over the month. There is a need to give attention to our expenditure on our budget. Also, while paying once in a month one should make larger payments means paying more than the minimum payment. It will help to pay down your principal and lead to pay off student loan much sooner.
This website seems to be very useful as it has described very useful tips to get rid of the loans.

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How long does it take to pay off student loans ? It varies based on the strategy you use to repay. But if you're unsure how to move forward, our calculators can help find the best payoff plan for you.

Use our Use our Percentage of Salary Calculator to build a repayment plan based on using a portion of your yearly earnings. Monthly Payment Calculator to build a repayment plan based on contributing monthly payments.

Both calculators can help you determine your ideal monthly payment, as well as:

How long to pay off a student loan (in years)

Total interest you'll pay over the life of your loan

Note: If your contributions are less than what monthly interest would cost, the calculator will not be able to determine a payoff time frame.
Pay off student loans based on salary

Choose a percentage of your salary as payment, and see how long it will take to pay off your loan.

RESULTS

Pay off student loans based on monthly payments

Enter your loan amount, interest rate and monthly payment to see when your loan will be paid off.

RESULTS

*Each student loan has its own terms giving a student a minimum payment amount. If your loan is too high and your chosen payoff amount too low, because of interest, the loan will never be paid off.

4 tips for paying off student loans

So you've figured out your ideal repayment plan, but maybe you're still asking, " When will my student loans be paid off ?" If so, here are some additional tips and tricks to help you pay off your student loans faster - without breaking the bank.

1. Make larger payments

If it's possible, pay more than the minimum amount. Often, lenders will apply your monthly payment to your loan's interest before its principal. If you pay only the minimum amount, then less of your money will go toward paying down the principal. You'll end up paying more in interest over the life of the loan.

By paying more than the minimum , you'll pay down more of the principal - which can help you pay off your student loans much sooner.

2. Pay more than once per month

Making an extra payment in addition to your required payments can go a long way toward reducing the principal of your student loan. Your loan may have less interest accrued if you can make another payment within the same month. A more significant percentage of your money may be applied to the principal as a result.

3. Create a budget - and stick to it

Paying off a student loan is a long-term effort. Creating a budget can identify which expenses are necessary and which aren't. You may discover how daily spending decisions affect your long-term goals and find ways to pay down your loan faster in the process.

Setting a goal for yourself can be a great way to stick to your budget. Once you have an end date in mind, you'll feel each payment bringing you one step closer to paying off your loan.

Another great way to avoid the urge to spend? Create a dedicated student loan account and deposit money automatically. That way, you may remove the temptation to spend repayment funds.

4. Explore all your options

There's more than one way to pay off a student loan. Depending on your circumstances, you may be surprised at the various repayment options available to you:

If you qualify, these options can help you pay down your loan faster. But no matter your situation, with good planning and discipline, you can pay off your student loan faster than you expected.

STUDENT LOANS: Compare student loan interest rates today.

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How Long Will It Take To Pay Off My Student Loan?

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How long does it take to pay off student loans ? It varies based on the strategy you use to repay. But if you're unsure how to move forward, our calculators can help find the best payoff plan for you.

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Video #1. Estimation of the fee v/s student loans.

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Video #1. Estimation of the fee v/s student loans.

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This video has shown the benefits of having student loans as it helps the people who are willing to get educated who are not financially good. Because of the availability of loans, most of the youth in America have got educated. In this video, the estimation of the tuition fee has been shown from the last previous year to the current scenario. With the help of which estimation can be made easily that due to the rise in the tuition fee people who are willing to get educated borrow loans.
I have selected this video on behalf of representing the benefits of borrowing student loans instead of thinking that it may be a difficult task.

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Want to learn more? This summer, FEE is hosting ten seminars in six locations across the country for high school and college-aged students. Tuition, room, and meals are covered, and a limited number of travel scholarships are available. Apply today at http://FEE.org/seminars Tuition keeps rising and student loans are crippling the future of so many young Americans.

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This video is about the methods that can be used to pay your student loans faster. These are in numbers but the most important one is described here. The first one is that you should know exactly how much you owe. The next one is to refinance your loans. This means that having a better rate helps you to save on your interest. Moreover, having longer terms of paying means repayment flexibility. Paying in the short term helps you to save on your interest. the one most simple way of getting rid of your loan is to pay some extra or more than the minimum once in a month.
I selected this video as I think the lady described the ways in a more convenient way.

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How to Pay Student Loan Debt - Bing video

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Pay Off Student Loans How to Pay Mortgage Faster Getting Out of Student Loan Debt How to Eliminate Student Loan Debt Pay Off Student Loans Quickly How to Clear Student Loan Debt How to Reduce Student Loan Debt Paying Off Debt Fast Paying Off Your Student Loan Settling Debt Student

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This video has reflected on the people who borrow the loans for their studies and they think that after the successful completion of their studies they will get a well-paid job in their field of studies. But this not happens always. This video is on a lady named jasika who took the loan but was unable to pay off the loan in the given time. Because of not getting a job she was again forced to take the loan for her more higher education. But she again failed to repay her loan amount was now more than before.
This video is selected only to tell that it is our responsibility to be aware of the loan and the expenditures so that our step of borrowing money doesn't lead us to suicide.

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Student Loan Debt Student Loan Crisis Student Loan Nightmare Stories Student Loan Debt Problems Student Loan Cause Suicide Student Loan Crisis Documentary Student Loan Debt News Student Loan Crisis in America Student Loan Lady Documentary Truth About Student Loan Debt Dave Ramsey On Student Loans Student Loan Crisis 2020 Student

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This video is taken from the one of the news channels from America. This is the real news which is about the limitations put on the student loan program by the president of the America Donald Trump. This is because of the affordability of the loans to the youth, there is a big benefit to the America as most of the youth got educated because of having student loan programs runned by the government.
The motive of representing this video is to show that borrowing loan for one's education is not a bad thing instead it help one to reach the goals set in the life.

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How to Pay Student Loan Debt Student Loan Debt Forgiveness Debt Consolidation Loans Getting Out of Student Loan Debt Pay Off Student Loans College Loan Debt Bankruptcy and Student Loans Personal Loans for Students Elizabeth Warren Student Loan Debt Help with Student Loans Debt Help Paying Student Loan Debt Student

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This image shows that some of the graduated people don't get the job that they think they would get after the completion of their graduation. This result in heavy loan debt which makes them difficult to get rid of this debt.

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This image is showing the types of student loan provided in the U.S both having their own rules and regulations. These both are student loans.

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Reflection Questions.