reading assignment NEED IN 10 hrs

Unit One Reading Quiz

Reading 1: Strategies to Avoid Student Loan Debt

There are different studies regarding strategies for students’ loan debt and to handle them in a much more effective way. The research that I found has provided 11 unconventional strategies for dealing with student loan debt situation. The reading published by Kelli B. Grant regarding 11 strategies for dealing with student loan debt has identified some strategies that I used in my life for my loan debt as a student. Saving is a strategy that is defined in the study and was the one that I related to the most. I used to save money a lot to manage my loan debt situation (Grant, 2015).

I used to trim any expense that was unnecessary for me. But, the reading identified the saving in a much more different way. I was thinking in a box where saving was an option that I had to choose and follow correctly. But, the reading identified that parents should focus on saving money for the educational aspect of their children as well who are not able to pay their loans by themselves. It provided valuable information as why students are pushed into the situation of loan debt. Ninety percent of parents’ expectations are to send their children to college and gain benefits from education. However, only 47.99 percent of parents saves for such goal as survey identified (Grant, 2015).

The overall study has focused on statistical information regarding student loan debt and different aspects related to it. It showed that how and what percentage of student loan debt has increased or risen in the low balance. Also, the study identified 11 different strategies for student loan debt (Grant, 2015).

Reading 2: Update look at Student Loan Debt Repayment and Default

The second study selected provided an updated view of student loan debt. It showed that more than almost 41 million Americans owe nearly 1.3 trillion in federal student loan debt situations. The study has enforced a view towards amendment of student aid programs and policies that might help them to manage their loan debt easily and more effectively. The information provided exciting and factual views regarding facilitation for students in achieving their payments as curbing defaults and repayment of student loans was spotlighted.

I enjoyed a lot in reading and identifying possible ways and facilitation for student loan debt management in a much more effective manner. For example, protection of students from low performing institutions, use of forbearance and encouragement regarding its use, energizing income-driven repayments, and other such options (Perna, Kvaal, & Ruiz, 2017).

The reading focused on how much students’ loan debts are there in America. It spotlighted the role of policymakers and amendments related to student aid programs for loan debt management. The reading has emphasized facilitation for students to form their loan debt situations and their management. The number of repayment options is discussed (Perna, Kvaal, & Ruiz, 2017).

References Grant, K. B. (2015, June 19). 11 strategies to avoid student loan debt. Retrieved from cnbc: https://www.cnbc.com/2015/06/19/11-strategies-to-cut-down-on-student-loan-debt.html Perna, L. W., Kvaal, J., & Ruiz, R. (2017). An updated look at student loan debt repayment and default.