Research and Reports Blog
Date Posted: December 15, 2017
Author(s): Joshua York
The perils of students’ loans have caused a $1.2 trillion debt for those individuals who aspire for more than a high school diploma. The result has been students are making decisions regarding their financial aid without the appropriate knowledge and education when it comes to taking on student loan debt. Families, high schools, and college personnel are providing information for the students on their financial aid, yet the students are not properly educated prior to making their decisions. Furthermore, socioeconomic levels, types of loans, and repayments plans are often not fully discussed when the students are making their choices. All of these aspects of financial aid impact students and their choices for how much the student will take out regarding their financial aid package.