“The College Debt Trap,” an article by Janet Bodnar, describes some solutions that current and future college students could find very valuable. Debt is a common problem that many college students will encounter if they do not plan out their money uses wisely. College education can be very expensive, but can be less of a burden financially if planned lout correctly.
Some college students have to pay thousands of dollars in student loan debt that catches up to them years after they have graduated. Bodnar outlines steps that parents and students can use to avoid falling into the college debt trap. Things like saving money, borrowing smart, choosing schools strategically, and thinking outside of the box, can help parents and students in the long …show more content…
Counselors, teachers, coaches, or maybe even parents recommend different ways of paying for college, but the things that worked for them may not work for the future students all over the world.
Janet Bodnar gives a variety of different ways of preventing student loan debt throughout her article. She supports her ideas with different financial examples like financial aid, choosing schools strategically, saving money, etc. Parents can start saving money for their future college students at any time. It is never too soon or late to start saving money for an education. There are insurance plans out there, like Gerber Life, that focus on the future life of children. Bank accounts can also be set up specifically for college. There should be no excuse on why money could not be saved up for a child’s future. Some parents are not straight forward with their children, but they should be. If a parent cannot afford to send their child to an out of state college, or a prestigious college like Harvard, they should just let their child know. An adolescent does not have to go to an out of state college or a prestigious college to get the …show more content…
Some teens should take time to mature before they attend a college or university.
Adolescents should know that they are ready to take that step. Financial Aid is offered for the use of teenagers at colleges. Some teens just choose not to use their resources wisely and wait till the last minute. Procrastinating can set off an adolescent’s goal if they do not think smart.
The way Ms. Bodnar gives a variety of steps on how to prevent college debt is very useful. She gives more than one proposal that can be used to avoid the encounterment with student loan debt. Her way of explaining the proposals and how they can be used is also very useful. There were some things that I as a high school student should have been added. The author did not mention using financial aid in her article. Financial aid can be very helpful with college and is also offered at colleges. Financial aid classes are given at some high schools and
are very helpful. This article was written and put together, but she could have added some examples from reality on how debt has affected some graduates lives. Research could have also been included on what the best choice may be for most college students in avoiding debt in
Some college students have to pay thousands of dollars in student loan debt that catches up to them years after they have graduated. Bodnar outlines steps that parents and students can use to avoid falling into the college debt trap. Things like saving money, borrowing smart, choosing schools strategically, and thinking outside of the box, can help parents and students in the long …show more content…
Counselors, teachers, coaches, or maybe even parents recommend different ways of paying for college, but the things that worked for them may not work for the future students all over the world.
Janet Bodnar gives a variety of different ways of preventing student loan debt throughout her article. She supports her ideas with different financial examples like financial aid, choosing schools strategically, saving money, etc. Parents can start saving money for their future college students at any time. It is never too soon or late to start saving money for an education. There are insurance plans out there, like Gerber Life, that focus on the future life of children. Bank accounts can also be set up specifically for college. There should be no excuse on why money could not be saved up for a child’s future. Some parents are not straight forward with their children, but they should be. If a parent cannot afford to send their child to an out of state college, or a prestigious college like Harvard, they should just let their child know. An adolescent does not have to go to an out of state college or a prestigious college to get the …show more content…
Some teens should take time to mature before they attend a college or university.
Adolescents should know that they are ready to take that step. Financial Aid is offered for the use of teenagers at colleges. Some teens just choose not to use their resources wisely and wait till the last minute. Procrastinating can set off an adolescent’s goal if they do not think smart.
The way Ms. Bodnar gives a variety of steps on how to prevent college debt is very useful. She gives more than one proposal that can be used to avoid the encounterment with student loan debt. Her way of explaining the proposals and how they can be used is also very useful. There were some things that I as a high school student should have been added. The author did not mention using financial aid in her article. Financial aid can be very helpful with college and is also offered at colleges. Financial aid classes are given at some high schools and
are very helpful. This article was written and put together, but she could have added some examples from reality on how debt has affected some graduates lives. Research could have also been included on what the best choice may be for most college students in avoiding debt in