Why the intense pressure to choose the perfect major? However, now childhood is over, gone are the times of carefree exploration, and it's time to pick a career that will sustain us throughout the rest of adulthood.
Student loans are intended for students to go to college but they come with a rising social and economic cost. For individuals working in the public service sector, there is a student loan forgiveness program that may help. The cost of education is not necessarily commensurate with the quality of the education received, meaning some students pay more and get lessand we do not have an adequate system for measuring educational quality other than accreditation, which is a deeply flawed process.
While I generally enjoyed all the points he had to make, Smith has an obvious whimsical approach to this thinking that seems to ignore the outside pressures of society, I summarized his message as a lesson that its okay to follow our dreams because then we can look back on our decisions without any regrets.
That is why solutions like the mandated debt calculator on college websites or the current College Scorecard do not resolve the issues; the disclosure of generic information does not impact student choice meaningfully.
For instance, this would lead to students being denied the ability to take career paths they are passionate about, as they are confined by their social class. This will thus affect the future generation as they will see it as a burden to graduate.
As noted from the two hypothetical scenarios, student loan is worthwhile for a student. Introducing more funds to the schools by the government will now increase funds to the students. There are many different types of student loans that a person could qualify for, for example, a federal loan or private loan.
Not that many years ago, private lenders dominated both the student lending and home mortgage markets.
The issue of the private agencies getting into the business of lending student loan almost killed the morale of students and society in taking this loan.