...Argument Analyzes In the article Student Loans Pack Surprising Benefits written Katy Hopkins, Hopkins says college debt may not be necessarily a bad thing if students borrow an amount that they can afford to finish a four-year college degree. Hopkins thinks students should take advantage of student loans because there are many benefits that students should experience while they’re still in school. In Hopkins’ article, she explains the four benefits of taking out loans to get a higher education and uses rhetoric appeals to support her points. Even though Hopkins successfully shows the good ethos and pathos to the readers, but the article still lacks logical appeal. The thesis of Hopkins article Student Loans Pack Surprising Benefits is...
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...Benefits of a College Degree “Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time.” Thomas Edison said this once, he did not just say this, but he lived through it. This quote elucidates people to get further in life, especially when the door is closed from opportunities. A way that we can open those doors and stop dreaming, is college. College opens doors to promote opportunities for many. The opportunities of going to college have the benefit of building a closer family bond and financial stability. However, a high school diploma won’t give you numerous opportunities congeneric to going to college. College can change our everyday lives physically, mentally and emotionally. College has many benefits for many people globally. In fact, an powerpoint called “5 Ways Ed Pays”, says going to college builds a close family relationship. In that powerpoint a...
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...enter into agreements to offer affinity credit cards to students? Answer: List down the facts of the case. Banks offer credit cards to students in the hope that if they can’t pay their bills, their parents will. Over a period of time banks also expect them to turn into loyal customer. Ideal Customer: Students are also ideal customer as they tend to carry more balances on their card than other bank customers. This has led to increase in burden of student debt which may impair their future credit capacity. This is more so because banks employed questionable marketing and sales tactics to issue credit cards to students. Growing Student Debt: It is also noted that student debt has been growing over a period of time. Not only the number of students having credit card has been going up, the average balance has also been going up over the years. Growing student debt causes serious problem for them in futures. Reasonable Reason for Credit Card: On the other hand, students seem to be getting credit cards to create a credit history and for emergency protection. They also get credit card for convenience and do not max out their credit limits. All these seem to be valid reason for them to have a credit card. Affinity Card: Recently, credit card companies have started issuing affinity card. Affinity card gives them exclusive right to issue credit card bearing the name of the university or college and its logo to the students of that university. A university in return, gets generous...
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...learned that deficits, debts, and surpluses are accounting measures. There are many things to consider as important whether a budget is in surplus or deficit. The true importance is the health of the economy. The state of the economy needs to consider when to make a decision about whether deficits or surpluses are beneficial for the United States. Taxpayers have implemented how their money is in use when paying off deficits and how surpluses are in use to give back to the country. Debates of how taxpayers should use their money extremely important on how it affects deficits, debts, and surpluses. One debate is about how concerned an individual should be about deficits involves the future of the Social Security System and Medicare users. Unemployed individuals depend on these types of benefits and the number of users affects the accounting measures. To discuss the United States deficit, here are some examples of opinion from a University of Phoenix student. In addition, part of our discussion will illustrate the United States financial reputation on an international level. This will include an example of importer and exporter. Our team will give an example of an (importer) an Italian clothing company and for an (exporter) a domestic automotive manufacturing. Understanding accounting measures involves the health of the economy, which can be determined by the measure of the gross domestic product (GDP). When the United States is facing a deficit or debt the taxpayers can...
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...today’s society. Many students in the United States tend to focus on their studies and work hard to receive good grades. Most importantly, the financing of most student’s post-secondary education tuition has become difficult in today’s economy due to the costs. According to American Progress, “a recent study by Georgetown University’s Center on education and workforce found that at current levels of production, the U.S. economy will have a shortfall of five million college-educated workers by 2020.” (Bergeron & Martin). This shows that the cost expense of college causes five million college educated workers to decrease. Five million people who do not have a post-secondary degree due...
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...The Progressive Path: A New Approach for the Modern Student Mitchell M Rodgers Western Governors University The Progressive Path: A New Approach for the Modern Student Recent college graduate…in debt. Early to mid-twenties…in debt. No retirement or emergency savings…in debt. Minimal work experience…in debt. Too many Americans are subject to this common denominator…in debt. For far too long we have become accustomed to the monotony and strenuous financial burden of at least four years of college immediately following four years of high school. At times, this may be a wise path for a student to follow but we as a society need to take a step back to analyze whether or not this truly is the best path in the long run. According to Barbara King (2015), an assistant professor of mathematics at Florida International University, when she collected data pertaining to 1,947 students majoring in Life Science, Business, Social Science, Education, Humanities, and Physical Science/Engineering, she found that 37% of them switched their major, thus delaying their graduation and increasing their debt obligation. Any student planning on taking full responsibility for their tuition should consider delaying enrollment in higher education after high school to make way for an entry-level position because they are more likely to graduate with a lower debt obligation, they will enjoy a more bountiful retirement, and they will most likely be both financially literate and free. By delaying enrollment...
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...A recent report by the College Board called “Education Pays,” confirmed that attending college will lower smoking rates and increase civic participation, such as volunteering, donating blood, and voting (Is College Worth It?). Gasper Caperton, college board president said, “The report shows that students who attend college obtain a wide range of personal, financial, and other lifelong benefits" (Caperton). Also, young people with college degrees are also more likely to be married, less likely to live at their parents' home and more likely to be satisfied with their jobs. Another lifestyle benefit is health insurance and a retirement plan. Only 50% of non-college graduates had access to employer-provided health insurance compared to 70% of college graduates. As for retirement plans, 70% of college graduates had access to retirement plans, whereas only 55% of high school graduates had access, and 30% for those who did not complete high school. Showing all of the lifestyle benefits and how it increases benefit by going to college is another reason that attending college is a wise...
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...bankrupt paying for it. Since the institutions are allowed to set rate on tuition it is only becoming more difficult for students pay. As a result, students have to seek alternative ways to cover the hefty costs. It seems as tuition went from affordable to sky high overnight and because of such an exponential increase it has forced a negative effect on students by: having to join the military, taking out student loans, developing health issues, and even selling drugs....
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...Fiscal Policy Fiscal Policy The United States’ deficit, surplus, and debt have had and are currently continuing to have a profound effect on the economy of this country. Although the federal government could play more of a role in boosting exports through tax reform and training assistance, some industries are staging a comeback on their own without help from Washington, because of improving marketplace trends. Taxpayers and Unemployed Individuals The United States' deficit, surplus, and debt have a very far-reaching effect on taxpayers and unemployed individuals. The immediate effect on taxpayers is as the deficit goes up and debt does as well the taxpayers are going to absorb the brunt of repayment. This will also indicate that as the deficit climbs and debt becomes larger that the dollar will become less valuable. The dollar losing value means that employers as well as consumers will have to be more careful with their money. The trade surplus has very little effect on the consumer because without a tariff in place on the outgoing goods it does not offer much if any of a return to the taxpayers. While the taxpayer and employers are watching every last dollar that makes it harder for the unemployed individual to get a job in his field. At this stage high quality jobs are harder to come by because employers have to make cuts to maintain pre-recession profits. Therefore, unemployed workers are forced to stay on unemployment or try for jobs with lower skill qualifications...
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...HECS-HELP Commonwealth supported places information for 2016 IMPORTANT The Australian Government has proposed changes to the higher education system. It is important that current and future students understand how these changes may affect them. Visit www.studyassist.gov.au for up-to-date information on these proposed changes. www.studyassist.gov.au YOU MUST READ THIS BOOKLET BEFORE SIGNING THE COMMONWEALTH ASSISTANCE FORM BELOW. WHEN YOU SIGN YOUR FORM, YOU DECLARE THAT YOU HAVE READ THIS BOOKLET AND THAT YOU ARE AWARE OF YOUR OBLIGATIONS AS A COMMONWEALTH SUPPORTED STUDENT AND UNDER HECS-HELP. Request for Commonwealth support and HECS-HELP form If you do not submit a form or finalise your payment by the census date you risk cancellation of your enrolment as a Commonwealth supported student (your institution may have set an earlier administrative date for this deadline—check with your institution). USING THIS BOOKLET • As you read through, you will notice that certain terms are highlighted in pink. These terms are defined in the glossary. • If you have a specific question after reading this booklet, the contacts list at the end of this booklet will help you. • More information is available at www.studyassist.gov.au. IMPORTANT NOTE: The Department of Education and Training has endeavoured to ensure that the information in this publication is consistent with the Higher Education Support Act 2003 (the Act) and guidelines made...
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...Afford To Go To College? It is unfortunate that many students and their parents will pinch pennies and borrow heavily to pay for a good college education. For many families obtaining a college degree is very important to them no matter how much debt they are put in. Applying for federal student loans is becoming the norm to cover the cost of obtaining a college education. Students have to borrow more and more money to cover the cost of higher college tuition rates. Currently, the interest rate for a Federal Stafford Subsidized and Unsubsidized student loans is at 3.4 percent, however, as of July 1, 2013, the interest rates on Federal Stafford student loans will significantly increase from 3.4 percent to 6.8 percent making it even more expensive for students to pay for college this fall. President Obama is working with Congress to keep the student loan interest rates down to 3.4 percent to keep it affordable for students (Lucas, 2012). So what is the problem? If Congress doubles the federal student loans interest rates, students will not be able to afford to pay for college. And college is sometimes not the only thing that students have to deal with. Student loans can put students with long-term burdens and stresses that in the future may affect their choice in jobs. Many students have to take care of other monthly bills like electricity, water, phone, rent, and possibly a mortgage. Nearly 10% of federal student loan borrowers failed to make a payment on their loans...
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...United States Deficit, Surplus, and Debt ECO/372 United States Deficit, Surplus, and Debt In the United States, the deficit, surplus, and debt of the nation have an effect on many aspects of the nation’s economy. Taxpayers carry heavy burdens, both today and in the future, to support the economy as it recovers from a recession. Future Social Security and Medicare users face uncertainty and possible poverty as current negative cash-flow eats away at the integrity of future Social Security and Medicare. The effects of a high unemployment rate create a ripple effect that certainly will reach into the economy of coming years. Gross Domestic Product is affected as international trade and deficit fluctuate with the country’s interest rates, inflation, and dollar buying power. Even University of Phoenix students see the effect of these economic aspects in their tuition. Although these are not the only issues of concern in the current economy, these serious issues are affected by the deficit, surplus, and debt of the nation. According to experts, the taxpayers eventually will pay the costs of today’s deficit tomorrow. To finance last year’s trade gap, Americans had to borrow $503 billion in international markets. Foreigners will buy billions of dollars’ worth of United States corporate mortgages, and government bonds. They lend Americans the money needed to import more from the rest of the world (Ackerman, 2004). The additional expense is the burden of the American taxpayer. Meanwhile...
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...surplus, and debt influences the economy in a number of ways, and it creates an impact on taxpayers, social security and Medicare users, unemployed workers, and students. These issues also affect the countries financial reputation, exports, imports and the Gross Domestic Product (GDP). The U.S. economy is experiencing a budget deficit and outstanding debt, and the outlook is not good for taxpayers. If these two items do not get under control, future generations will be left to pick up the pieces and will have to try to find a way to maintain and control the budget. Taxpayers Taxpayers are the people that pay and contribute to state revenue. Government deficits affect taxpayers by increasing taxes and interest. "Inflation also affects the deficits by affecting the size of social security payments, federal pension payments, and interest on the federal debt. The deficit and surplus are sensitive to the business cycle" (Deficits, Surpluses, And Debt, 2015). "If the government use surplus it would "give tax cuts to taxpayers, increase income transfers, pay down national debt and spend it on goods and services" (Deficits, Surpluses, And Debt, 2015). Future Social Security and Medicare users The Social Security program began in 1935 and benefits have always been paid on time, even with modified laws over the years. Benefits are expected to continue to be paid on time through 2037 when the reserves disappear, and taxes will only cover 76 percent of the scheduled benefits. At that point...
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...universities (About Harvard College). During the early 19th century, smaller colleges were founded to help young men transition from rural farms to urban occupations. Prestigious colleges at the time became more exclusive by concentrating on the children from wealthy families, ministers and a few others. Those prestigious colleges and universities are still very exclusive today mainly due to their expensive tuition. Students who attend these colleges are generally from wealthy families, have scholarships for high academic achievements or graduate with extremely high loan debts. In the early 20th century, junior colleges or now known as community colleges were created to prepare students for the final two years of college. Later in the 20th century state colleges were created to provide higher education at a lower tuition cost. Due to the rise of community and state colleges, students now have the opportunity for higher education, and college became part of the American dream for both students and their parents. Over the past, half a century students have been working diligently to prepare for college with the hopes of graduating with a degree that will provide them with the career of their dreams and to earn large incomes. Slowly, over time the cost of tuition in community colleges, state colleges, and prestigious universities have increased. So at what point do we say that the American dream has become too expensive? In the early 1990’s new types of...
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...How many times have you heard that debt is something everyone has and that it’s okay for you to have it too? Well, this is certainly not the case. Just because everyone else has student loan debt, doesn’t mean that you are required to make high payments every month for the next decade. Many students believe that student loans are necessary in order to attend college, but they really aren’t. Student loans can cause you a lot of trouble in the future, such as massive amounts of debt, and the fact that student loans are debt, and debt is not good. Like any form of debt, student loan debt can pile up high very quickly and can cause many problems in your future. There are so many stories out there about people who have not been able to afford paying both their grocery/utility bills and their student loan payments....
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