Graduation Speech For Loan Debt - 886 Words

~ Benjamin Franklin Congratulations. You have accomplished a milestone. No more classes and no more exams. What a relief I’m sure. But don’t get too comfortable there is still work to be done. Did you know six months after graduating repayment on student loans begins? Yikes!! Don’t get overwhelmed it may take time but you can do it. Here are some quick tips to help you jump start to begin savings for repayment. †¢ Ask for monetary gift for graduating. You can use this money towards your first payment. †¢ Move in with your parents until you have a job that will cover your student loans. †¢ Sell your stuff. †¢ Turn your passion into extra income. If you’re good at drawing then sell your art work. When I graduated with my bachelor’s degree I had over $48,000.00 of student loan debt. I remember crying at the kitchen table. By now you can see a pattern that everything is done at my kitchen table. Not only did I have my current household expenses, now I accrued an additional $400 to my budget without an increase in pay. I have to pull back out my budget and see what areas to cut costs. I trimmed down as much as I could. One of my biggest mistakes that I regret was not taking advantage of the college tuition reimbursement in the last year of my bachelor degree. I would not be today an extra $12k in debt. The way my mind was thinking if I commit to this agreement and decided to leave the company after graduation and before the given time period I would have to pay the companyShow MoreRelatedGraduation Speech : Student Loan Debt900 Words   |  4 PagesStudent loans have put many of our family, friends, and even ourselves through school for us to close the financial gaps to get that education of our dreams. There are personal loans and government aids such as loans and grants that give people a relief on how they are going to pay for college. Those who are not financially equipped to pay in full for college education have no choice but to look for other forms of payment and most resort to either private loans or student government loans to get themRead MoreGraduation Speech : College Loan Debt1126 W ords   |  5 PagesWith college loan debt steadily increasing in the U.S each year, many of college students and graduates are forced into a corner. Many students cannot afford college so they take out loans due to the increasingly competitive job market. By the time most students graduate they are in massive debt. The class of 2015 graduated with an average debt of $35,000 (Bennett Wilezol 76). Cumulative student loan debt within the country now stands at 1.2 trillion. It is now the largest non-mortgage type ofRead MoreA Plan For Student Loan Debt Burden995 Words   |  4 Pageshas a plan for students. Since the 1980s, the student loan-debt burden has risen to $1.2 trillion, which is nondischargable, meaning that the debt could follow you for the rest of your life. States have cut education funding and in response, universities raised tuition. And it does not seem that politicians are taking any meaningful action to ameliorate this debt burden. Rubio wants businesses to invest in individual students and after graduation; the student â€Å"will pay a percentage of my salary overRead MoreGraduation Speech : Mathematics As A Computer Technician1270 Words   |  6 PagesIn my last speech I joked around about my dad and his degree in mathematics as a computer technician saying that it was such an odd match up; but in reality, it couldn’t have worked out better. Though the concept of math does not directly apply to his current position; he still utilizes the deep analytical skills that he obtained during his years of calculus to solve problem solving issues that arise with the computers. Education has value in many respects, ranging from the social connections thatRead MoreStudent Debt Is A Large ( And Growing ) Problem1811 Words   |  8 Pages Student debt has become a large (and growing) problem. The high levels of student debt have served to perpetuate economic inequality, minimizing the opportunity of higher education. In a speech this year, Pre sident Obama called higher education one of the crown jewels of this country and said it was the single most important way to get ahead.† The long term impact of student loans have given students every reason not to want to attend college, including myself. That alone has the potential toRead MoreNational Student Debt3593 Words   |  15 Pagesorganizations setup through the colleges themselves. There are also loans that are made through the private sector and those from government based organizations. Some students go as far as trying to pay for college using credit cards. In the end students seeking higher education graduate with enormous debt, creating a larger burden on the economy and those struggling to pay off these bills. If the situation concerning the national student debt is not handled correctly then this country will find itselfRead MoreEndless Possibilities in Education1845 Words   |  7 PagesParents either are forced to help their children or the child m ust take out a student loan. When most people think about college a big question that comes to mind has to do with money. How much will this cost? How much is tuition at this school? Will all the money put into a college education pay off in the end? For some, the price of a college education does indeed pay off, after about 10 years of debt and hardly any income. How will college help my child become the person they want toRead MoreCollege Should Offer Free Tuition867 Words   |  4 Pagesthey really pay off. College can be a big financial burden so with that being said, in my opinion, I think community college should offer free tuition with some sort of standards to be eligible for free tuition. President Barack Obama conveyed a speech at Macomb Community College in Warren, Michigan this past September. President Obama proposed a free educational cost at any two-year junior college at length of their stay as long as they were at least half-time students, and they keep up a baseRead MoreThe Relationship Between Federal Financial Aid And Tuition Increase2128 Words   |  9 PagesEvery American college student must be familiar with financial aid because majority of undergraduate students receive financial assistant in form of grans, Federal Work-Study, federal loans, and federal tax credits program and tuition deductions. According to the â€Å"Trends in Financial Aid 2014†, in 2013-14 there were 238.3 billion available to financially support undergraduate and graduate students’ education. The financial support makes people believe that the support for American college studentsRead MoreEducation Should Not Be Out Of Anyone s Reach1781 Words   |  8 Pagesmoral ly wrong for students and their families to be forced to incur thousands of dollars of debt for an education. Right now college loan defaults are at the highest levels they have ever been.There is an entire generation that is starting out in life after college burdened with a very large amount of debt and a very small job market available after graduation. In President Obama’s 2015 State of the Union speech, he stated, â€Å"I want to spread that idea all across America, so that two years of college