A student loan is money that is loaned to a student in order to pay for college or a career/vocational school. With the cost of a college education becoming more and more expensive, we have seen a drastic increase in students borrowing money to pay for school in the last decade. It is estimated that 7 out of 10 college students take out student loans. The average amount of student debt a person has when they graduate college is over $37,500. Despite what some students believe, a student loan is not Free Money. Students must begin paying back these loans soon after finishing college. Student loan debt is taken very seriously by the government and are almost never forgiven. Though there are some programs that may help to lower the monthly payments for student loans, loans are not forgiven just because you are unable to afford the payments. You are responsible for repaying a student loan until it is entirely paid back, even if it takes a lifetime. The government can and will garnish (take part of), your paycheck if necessary. Also, if you are delinquent (late with a payment) or default (fail to pay) on a student loan, your credit rating will be damaged, making it difficult to borrow money and obtain certain jobs

1. What is a student loan?

2. Why are more students borrowing money?

3.What is the average amount of student debt for graduates?

4.When must you begin paying back a student loan?

5. When are student loans forgiven?

6.What does it mean to be delinquent and default on a student loan?. Multi Line Text.

7. What can the government do if you dont pay a student loan back?

8.Are student loans a good idea for college students? Why or why not? Please offer at least one detailed scenario that actively demonstrates your pov.

9.Why are decisions regarding borrowing student loan money so important? You must cite (cut and paste above your answer) at least 3 different links to news articles that outline the burden of student loans.

10.We have considered the student loan crisis from the perspective of the student, now please consider the perspective of the taxpayer who will have to be taxed at a higher rate if the student defaults on his loans. What are the taxpayers concerns? Are they legit? Why?