Are student loans exploitative?The student loan discussion is maybe one of the most controversial topics in the country. While most of the students admit that obtaining money through student loans is the sole way they can manage to pay for college, many see it as quite an excessive burden to repay those loans after graduation. New York State is examining its way of giving free tutoring.
They are thinking of doing it in exchange for educational progress and post-graduation residency; students in other places have to deal with the prevailing borrowing situation.
The biggest blunder is waiting too long to get any post-graduation action. In the first months of managing their financial situation, immature adults may not understand how swiftly they are getting themselves into a dark financial hole. They fail a payment one or two times, thinking that it is no big deal, and don't take any effort to address the condition. That is when everything starts to get out of hand, and they find themselves facing a situation where they have borrowed more money than they need to repay. Student loans can offer great support, but consider its consequences before you go for it.