Student Loans and Debt

Purpose

The purpose of this discussion is to ensure students understand the implications of borrowing money for student loans as well as other forms of credit used for education. Decisions to borrow money may have life-long effects that students will be informed about in completing this discussion. This question aligns with course objectives 1 and 8 and chapter 14.

Directions for Initial Post.

Find an article on student loans and student debt that is no more than 6 months old. This is a comprehensive topic with many elements. Use the following questions to help guide you on the level of detail to search for in your article. How do student loans work? What is the current rate of interest on Stafford Loans? How is interest paid back over what period of time? What is the current student loan default rate or amount now? How do student loans affect a persons credit score?

As with the previous discussion, you may also find it helpful to use more than one article to fully cover your exploration and discovery.

Please remember citations and references should be in APA format (Links to an external site.).