Student Loans: Why Indviduals Should Take and What Cancelation Do to Individuals

Discussion Questions
Student's Name
Department, Institutional Affiliation
Course Name, Number, and Code
Professor’s Name
Due Date
Discussion Questions
Why should an Individual Take Student Loan from the Government?
Taking a loan is a significant financial transaction for a student, which is the best chance for scholars to build a good debt history. However, in the U.S, many students do not pay promptly, making for an average balance among the debtors of more than $30,000 (Steinbaum, 2016). This behavior strains the country's operations, and the government can easily cancel financing education. A college degree is expensive and the least qualification for a decent career; hence individuals strive to get to that level. Ordinarily, the loans help individuals to get higher education, hence secure suitable employment.
Getting a decent job is extremely difficult for uneducated youth; therefore, many try to enroll in free college. The federal government supports students in getting funding instead of universities, leading to the debt crisis. This action helps to avoid racism as every scholar receives equal treatment. Nevertheless, several graduates do not secure work even when assured that the labor marketplace requires the right skills (Steinbaum, 2017). As a result,...