Saturday, September 22, 2007

Consolidate student loans only if it's right for you

Reference:

Blocks, S. (2007, Sep. 17). Consolidate student loans only if it’s right. USA Today. Retrieved on Sept. 19, 2007, from http://www.usatoday.com/money/perfi/columnist/block/2007-09-17-student-loans_N.htm.
Summary:

In the article ” Consolidate student loans only if it’s right for you”, by USA Today, now a lot of students go to a university to study; this is a good news for everyone, but they will face a serious problem. They provide a loan to go to university, but if they can not pay the student loan they need to pay higher interest rates and fees for their loans, this means you need more money to pay. So more and more students choose to get a job and study together. The author hopes the government can get more money to help low-income students and this should lower your monthly payments. And sometimes students need to look for an immediate reduction to help finish their education and pay their loans.

Reaction:

Everyone knows education is very important in the world. Now, more and more people go to the university; this is great news for the society. But now tuition fee is very expensive. So a lot of students choose to use student loans and pay later, this is a good way to pay your tuition fee, but after you leave school you need to repay the capital, so now you need to pay more money. This is a serious problem, so a lot of students choose to study and work together; after class they go to get a job to pay money. This sounds good, but another question is a lot of students spend too much time to get a job and then they are too tired to go to class, or some students just miss the whole day of class. We know that paying money by yourself is good, and getting a job to pay is great too, but if just these reasons make you miss class, it is the wrong choose; this will make you run counter to your desire. You spend a lot of money and feel tired every day, but at the end, you get nothing, just tiredness and debt. So I think studying is the first important thing, and then at this base if you have free time, go to get a job, but the job can’t affect your study. And a lot of countries’ governments use a lot of ways to help students to pay tuition fee, so we hope they can find more ways to help students.

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