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Summary Of A Lifetime Of Student Debt Not Likely

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As we read “A Lifetime of Student Debt? Not Likely” we learn that the title is correct if student loans are used wisely. Many don’t pay attention to the debt they are building. Whether it is important for them to go to a certain school, or to always be partying, students will quickly use all the money they have. For some reason, when they find out how much they owe, they are shocked. Debt can and will quickly add up, however if you are using it for the right reasons, you will prosper from the amount of money borrowed. The biggest concern that people have towards student-loan debt is that what it shows about the affordability of college educations. Students are afraid to go to college if they don’t have the money, because of they don’t want to be in debt from student loans. Loans are a real fear that college students try to avoid. If students could learn to borrow a reasonable amount that they know they could pay back, it wouldn’t be as big of an issue. Many students borrow extreme amounts of money, only to graduate to find themselves drowning in …show more content…

The biggest reason for this would be the price of colleges. If colleges were not as expensive as they are, loans would not have to be so big, therefore in the end students would have less debt. Hacker and Dreifus believe that the education we are receiving in colleges is not worth the admissions price, if the price were to become reasonable, it would make sense for students to take out a small loan, that would easily be paid back, to pay for college. As there are many misconceptions about student loans, there are also many on the new liberal arts. Unger and Wilson both want more to understand the great things that the topic of their readings do. As we participate in liberal arts we accelerate in our learnings and opportunities. In order to pay to go to a college, to either participate in liberal arts or not, we need money to get

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