Event Title

The True Cost of Higher Education

Poster Number

08

Presenter Information

Raven Brown, Winthrop University

Faculty Mentor

Guy Reel, Ph.D.

College

College of Arts and Sciences

Department

Mass Communication

Location

Richardson Ballroom

Start Date

24-4-2015 3:20 PM

End Date

24-4-2015 4:50 PM

Description

This journalistic piece investigates the impact that student loan debt has on recent college graduates, and seeks to offer possible solutions that may help to alleviate some of the burden, in order for borrowers to remain financially stable. The article provides the viewpoint of a recent graduate’s financial situation that gives greater depth into the hardship of having the added responsibility of repaying student loans while trying to forge a life after higher education. Along with in-person interviews, research compiled from several publications and consultation from a university figure were used to provide insight into the intricacies of student loan debt and financial management. The piece concluded that, while 71 % of college graduates have student loan debt, the loans provide an opportunity for those who don’t have the means to pursue higher education, and student loans are not necessarily a bad debt to have. Through responsible management of loans while in school and after graduation, defaulting on loans can be prevented and financial stability is feasible.

Comments

Presented at the Big South Undergraduate Research Symposium (BigSURS), April 2015

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Apr 24th, 3:20 PM Apr 24th, 4:50 PM

The True Cost of Higher Education

Richardson Ballroom

This journalistic piece investigates the impact that student loan debt has on recent college graduates, and seeks to offer possible solutions that may help to alleviate some of the burden, in order for borrowers to remain financially stable. The article provides the viewpoint of a recent graduate’s financial situation that gives greater depth into the hardship of having the added responsibility of repaying student loans while trying to forge a life after higher education. Along with in-person interviews, research compiled from several publications and consultation from a university figure were used to provide insight into the intricacies of student loan debt and financial management. The piece concluded that, while 71 % of college graduates have student loan debt, the loans provide an opportunity for those who don’t have the means to pursue higher education, and student loans are not necessarily a bad debt to have. Through responsible management of loans while in school and after graduation, defaulting on loans can be prevented and financial stability is feasible.