Think

Student Loans

Everyone wants to be able to go to college. Most students depend on loans. I chose the article “Student Loans: The Next Financial Crisis” because one day I would personally like to go to college. President Obama tries to make loans available to everyone. Instead, students are going into debt.  Last year the number of debt for students rose. I would like to get through college with paying off loans. Students shouldn’t have to pay off loans until they’re finish with college. Students are going to be in more debt than ever.

In today’s world anyone can get loan. For example: Josanne Baxter-English filed for bankruptcy in 2003. Then in 2010 she visited the University of Phoenix, she told them about her poor credit. They told her not worry all the loans will pay it off. Some colleges miss lead people. Ms. Baxter dropped out a year later and now owes $2,900 in student loans. She is unable to afford it. I think that before someone get a loan; everything needs to be explained to them. Everyone doesn’t understand what it means to take out a loan. Now more people owe student loans because they didn’t understand.

Student loans will cause a big problem in the United States. It could be the next financial crisis. Student loans rate is higher than credit cards. The U.S.A. should make a better system so people want be in so much debt. People should be able to get an education for free. Students should only have to pay loans if they don’t go to school every day and if they fail an exam.

As you see student loans should make a better way of doing things. I would like to go to college one day and not be in debt. Many people want to go to college but can’t afford it.