Blog Posts
I continue to hear that America has a student loan crisis. In all reality, it is a crisis. The student loan debt, in America, has now reached $1.3 trillion dollars, with millions of students in default or behind with payments. Some suggest that a way to relieve the student loan crisis is to make college free. Others believe that it would be best to spread the loan payments out over longer terms.
Earlier this week, I was driving home from work and I spotted an advertisement on the side of a bank. This advertisement shocked me so much, that I had to pull into the parking lot and take a picture. Read the article to see what was so important.
Many people in the United States feel like that they need a brand new car. I have heard the reasons before and these reasons deal a lot with the cost of owning an older car. Statements like, "An older car will cost too much in monthly expenses," and"I don't want that car to dollar me to death." The mindset is that a older car will cost more per month than a brand new car. The issue is that most people take out a loan to buy that brand new car. Therefore, these people have traded a false sense of security for a bunch of debt payments.
Under Armour is an athletic clothing company that created this commercial. This commercial made me think about how this connects to so many aspects of life. This of course connects to working out, but there are many others from eating to finances. I have always struggled with eating too much, since I was a kid. It is a constant battle. Look at the tag line from this article. It states, "You are sum of all of your training." This is so true, when it comes to anything in life.
Recently, I have been hearing lots of talk about student loans in politics. I have just got out from under my student loans, and I don't believe that anyone should ever default on their student loans. I used teacher loan forgiveness to help me pay off my student debt, but was all of this really necessary? Are student loans the only way to get through college?
