While researching student debt online today, I came across a blog called the Student Loan Blog. I found this blog particularly useful, because of all the different topics it covers. Even though it is titled as the Student Loan Blog, it covers other topics like career advice, alternative loans and scholarships other than just federal, as well as student loan debt.
While reading some of the blog posts, I noticed how this blog made aware to the audience that student loans were created and designed to help students in low-income families attend college. It pointed out that student loans have become more of a means generating money, and has gotten away from its original goal, which was and still should be to help students attend college who would otherwise not be able to.
With college costs continually go up, the group of students who require student loans to attend college is growing. In this struggling economy, more people are finding that they are need to attend college to help them find a better job, thus they will almost definitely need to take out student loans to accomplish this goal. Over the course of the last decade, West Virginia University has seen a steady increase in the number of Bachelor degrees awarded, despite the rise in college costs and the fear of student debt.
The blog has many tools to help anyone find the right kind of loan for them. In addition to helping students find loans, the blog also offers advice and tips on how to monitor your loan and minimize how much money you will pay. Overall, the Student Loan Blog is very useful and can answer any questions you might have when it comes to student loans; however it is a little hard to locate the specific information you might be looking for.
What a great resource to link your readers to. I'm particularly interested in this idea you discussed about the disconnect between the original purpose of student loans and the "purpose" they serve in contemporary times. Is anything being done at the federal or state level to address these concerns? Earlier last year I heard about a particular proposal working its way through Congress that would "eliminate the middle man" and put the federal government in the role of awarding and administering student loans. http://www.npr.org/templates/story/story.php?storyId=125195836 Has anything become of that legislation? And more importantly, what might be the implications of such a policy? Would it address that "disconnect" between the original and contemporary "purpose" of student loans that you discuss?
ReplyDeleteAn interesting develop in the U.S. Congress that could potentially affect college students' ability to access money for college via the Pell Grant system. http://chronicle.com/article/House-Republicans-Spending/126356/
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