Question

According to some politicians, student loan debt is an economic emergency that is stopping young people from such things as purchasing cars, starting buninesses, buying their own homes, etc. Historically, what has been done to alleviate this social problem? How do you think, if perpetuated, this problem may impact you or the community you live in? What are some solutions to this modern day problem?

Answer 1

In U.S history, total student -loan debt increased $1.5billion for auto-loan and credit card debt. High school graduates loan debt alone went up to 67%. High school students affordability for their loan in carrier path and easily potential in advance made a question and it focuses on best-fit colleges for the carrier. Student -debt conundrum can prevent this problem and protect future students on the financial burden. government and private agents need to show forbearance and make flexible payment options and reduce interest costs. It needs governments existing income-based repayments to plan expansions. Student options for loan repayment should have income at 10% will be the option. This education loan should be reasonable not for their personal use like buying a car, business and buying homes.
Student debt focus on public health impact with stress level, sleep and made depression due to their peak earning potential make greater risk. These issues alter with stop these issues by introducing public transport, using a bicycle and scooter, etc. They can save their money during vacations...In the past decades younger consumers buying loan conditions for homes, cars and for their business. Around 83% up to age 35years student loans used for buying a house through their educational loan. Almost 45million people in the U.S student debt. every 10% of student loan droped in the past five years as per federal reserve. There are few steps to solve these issues like looking the credit score for providing loans, pre-approval for a mortgage. The average rate for a car loan, business, and housing higher than student loan interest informed by the federal government. leasing a car and another requirement with a student loan can cause a cash flow problem. The student repayment plan for a student loan is 10 years it should be if you are a final year graduate.