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College Loan and Scholarship Policies. College Loan and Scholarship Policies
Abstract Recently, the federal government has taken ...
... There policy on the college level examption program is ... of the monetary value of the
scholarship and thus ... is a program that reduces the educational loan dept of ...
... Clinton won a Rhodes scholarship to the ... with 43% of the popular vote and an Electoral
College landslide ... After all the loan documents were done, the McDougal’s ...
... of this new law include scholarship money to ... students into nursing, a Faculty Loan
Cancellation Program ... for university and four-year-college education programs ...
... higher education from school and college, and there ... funding to support research and
scholarship which underpins ... the establishment of a revolving loan fund of ...
Submitted by socal918 on April 19, 2008
Category: Social Issues
Words: 3241 | Pages: 13
Views: 60
Popularity Rank: 103,257
Average Member Grade: N/A (Add a Comment / Grade this Paper)
College Loan and Scholarship Policies
Abstract
Recently, the federal government has taken away from student loan budgeting, loans and scholarships have become more discriminatory, and private loan companies are charging overwhelming interest rates. This has caused fewer students to get less money to help them pay for college, and the ones that do are likely to have accumulated much debt by the time they graduate. In essence, loan policies are turning students away from pursuing college by making it seem financially unfeasible. Student loans should be available at lower interest rates and with an income-contingent repayment option to all students planning to attend college. Scholarships should be made available according to scholastic achievement rather than financial need. The government should reformat their loan policies.
Higher education is extremely important in today’s society. According to former president Bill Clinton, “education is the fault line, the Great Continental Divide between those who will prosper and those who will not in the new economy” (Fossey, Bateman 19). Education is one of the most influential determinants of the quality of life, from an economic, social, and personal standpoint (Fossey, Bateman 19). However, higher education is severely “constrained by the structural realities of financing one’s education” (Price 27). The flaws of financial aid programs and scholarships cause some students to go without higher education, some to accumulate high amounts of debt, and force some to abandon their passions in order to acquire a high paying job to pay off their debt and make their expensive investment profitable. Under current loan and scholarship programs, many qualified and needy students cannot get the monetary aid that they need in order to embark on a college education. Loans and scholarships are essential for around seventy percent of students (Price 18). These are the crucial...
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