Thursday, February 12, 2009


How is the economic crisis affecting Education in the United States?

Students are concerned lately in this economic crisis because of the rising cost of school. how will students be able to pay for school? With tight budgets with banks and investment institutions what does this mean for financial aid and student loans?
Several students who pay their own way for college are asking themselves these questions. I feel fortunate that I only have a eight classes left to graduate, I'm glad i'm not looking at a long four year struggle for financial ad and jacked up student loans. With increasing rates and it becoming more difficult for students to get financial ad, certain students are going to be discouraged from paying for the investment of a degree. Well the good news the United States Department of Education is putting forward 83 billion dollars for financial ad towards higher education. Students still have the chance to get student loans but still that amount is close to twenty billion less than its suppoes to be, the funds are deminishing. "Sallie Mae CEO Albert Lord said the company is shying away from lending to students it considers unlikely to graduate or attending schools with inferior graduation rates." (smudsailycampus.com) Border line students are going to be discouraged from continuing their educations. I'm not sure what I can do help besides join the work force and pay taxes. I could encourage the youth that I interact with to pursue a college education and do my best to inspire them.

http://www.ask.com/bar?q=how+is+the+economic+crisis+affecting+education+in+the+U.S.&page=1&qsrc=19&zoom=Causes+of+%3CKW%3EEconomic+Crisis%3C%2FKW%3E%7CCause+of+Argentina%27s+%3CKW%3EEconomic+Crisis%3C%2FKW%3E%7CArgentina%27s+%3CKW%3EEconomic+Crisis%3C%2FKW%3E&ab=0&u=http%3A%2F%2Fwww.smudailycampus.com%2Fnews%2F2008%2F10%2F24%2FNews%2FU.s-Economic.Crisis.Affects.Higher.Education.Loans-3504846.shtml

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