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Student Loan Debt and Forgiveness - 2560 Words

Portfolio Paper: Student Loan Debt and Forgiveness Justin Puckett 5/17/2012 Public Administration: PMG300 Colorado State University Global Campus When it comes to achieving success in the work force and finding a fulfilling and lucrative career there are few things more important that higher education. Going to college and getting a degree is essential in finding success in the work force. The problem is when the cost of gaining that degree outweighs the financial compensation the career that follows is able to supply. Very few people are able to pay for college out of pocket. The result of this is that students seeking higher education are forced to take out massive student loans. This means that they are entering the work force†¦show more content†¦I am still several years away from graduating because I am only able to attend school part time due to the fact that I work full time and have a wife and two children to care for. A rate increase like the one being discussed would make paying back my education loans next to impossible. This is a concern I share with thousands of people. There are things being done at this time in order to help prevent default on these loans and promote continued education. Recently more than 100 people demonstrated against the lending practices of student loan company Sallie Mae outside its headquarters in Newark. The protesters criticized the heavy debt burden that students accumulate during college and what they say are unfair profits made by Sallie Mae. (Associated Press) Possibly in response to such criticism, Sallie Mae announced that it will offer fixed-rate loans for the first time ever to help students and their families pay for college. Private lenders are also attempting to step in with the impending rate hike on federal student loans. As stated before, the largest student lender, Sallie Mae, introduced fixed-rate loans. On May 21 2012, Discover Student Loans which is the third-largest education lender started a fixed-rate loan program as well. Wells Fargo which is the second-biggest lender launched fixed-rate loans last summer. (Weise) For prospective students who have good credit these private loansShow MoreRelatedStudent Loan Debt Forgiveness : Stimulus For The Economy3180 Words   |  13 Pages Student Loan Debt Forgiveness: Stimulus for the Economy Alan Collinge did not mean to become the poster child for student loan debt injustice. He was an average American with an average American s plan: get a student loan, go to school, get a good job, pay off student loan, get married, get house with white picket fence, have kids and grandkids, and die happy. After attaining three degrees in aerospace engineering, Collinge was left with a debt of approximately $50,000. He went to work at CaltechRead MoreThe Student Loan Debt For The United States1554 Words   |  7 Pagesthat outstanding student loan in the United States exceeded that of outstanding credit card debt for the first time ever (Kristof, 2012). As of today, there is over $1.2 trillion in outstanding student loan debt, $1 trillion of which is in the form of federal student loans (Denhart, 2013). The Student Loan Forgiveness Act of 2012 was designed to ease some of that burden and mitigate some of the real damage incurred by a lifetime of insurmountable debt. The Student Loan Forgiveness Act of 2012 wasRead MoreWhy Is Not Student Loan Forgiveness?1161 Words   |  5 PagesStudent loan forgiveness remains such a vital topic to many individuals because the exorbitant costs of post-secondary education require a majority of students to take on debt in order to simply improve themselves and advance intellectually. Thousands of students are graduating college every year, each with several thousands of dollars in debt. This area is important to research because it will provide insight into the futures of all college students immersed in the deep debt that appears to consistentlyRead MorePros And Cons Of Student Loan1256 Words   |  6 PagesApplebaum laments that from the student loan industry point of view, the student debt is there to help the loan providers amass funds from the youngest, economically vulnerable and financially unstable of which graduates form the majority. The loans have come with immense opportunity cost as the â€Å"educ ated poor† are not able to buy homes, invest or innovate, start businesses or engage in economically viable activities while the few up the echelons of power are benefiting. Tuition rates have escalatedRead MoreEssay on Student Loan Debt Should be Forgiven1256 Words   |  6 PagesDoes the amount of student loan debt have an effect on the economy? If so would forgiving student loan debt help lower the national debt or would it just increase it? According to Mary Claire Fischer, a writer for Kiplinger’s Personal Finance magazine, â€Å"two-thirds of students who receive bachelor’s degrees leave college with an average debt of twenty-six thousand dollars† (Fischer). This means that the average student debt has doubled since 2007 (Ross 24). The total student loan debt is $1.2 trillionRead MoreThe Debt And Interest Of Student Loans1164 Words   |  5 Pages The amount of student loans that one accumulates throughout post-secondary education can beco me a heavy burden. In addition, the study conducted by Scheresberg, Lusardi, and Yakoboski (2014) show that a surprising amount of students are not aware of the financial burden that they have acquired until they are deep in debt and interest. They summarize that: Overall, there is a notable mismatch among college-educated Millennials between their perceived and demonstrated levels of financial literacyRead MoreForgiving Student Loan Debt Essay examples822 Words   |  4 Pagesamount of student loan debt have an effect on the economy? If so would forgiving student loan debt help lower the national debt or would it just increase it? According to Mary Claire Fischer, a writer for Kiplinger’s Personal Finance magazine, â€Å"two-thirds of students who receive bachelor’s degrees leave college with debt in tow† (Fischer). Among these students, the average amount owed is twenty-six thousand dollars (Fischer). There is a six month grace period after graduation to allow the student timeRead MoreStudent Debt Is Tough And Federal Loan865 Words   |  4 PagesThe qualifications for the program are tough and federal loan forgiveness only applies to federal Direct Loans, not private student loans. If the graduate is lucky enough to l and a public service job the graduate must realize that there is no guarantee that the employment will still be around in ten years since no one truly knows how the program will work or if it will work at all. Val Meyers, associate director for the Office of Financial Aid at Michigan State University comments are recorded inRead MoreStudent Loan Program Should Not Be Paid781 Words   |  4 PagesBarack Obama s budget last month sparked growing concerns that student loan forgiveness - specifically for graduate school student debt - will cost taxpayers much more than originally estimated. As the Student Loan Ranger discussed previously, the president s budget shows a shortfall of approximately $21 billion for the federal student loan programs, in large part due to a projection of more borrowers taking advantage of loan forgiveness after making 10 to 25 years of income-based payments. AccordingRead MoreLoan Speech : Student Loan1424 Words   |  6 PagesStudent Loan Forgiveness Student have debts one way or the other by continuing their education after high school and the student are pressure by their parents or at the counselor’s office in high school to get a degree. The only way is by college they say, but some student can’t afford it up front and need financial aid to help out. Here is when the student get in trouble by signing the application before they read the terms and conduction what they just sign. Some student think they will find

Religion As A Captor Essay Example For Students

Religion As A Captor Essay A collection of short stories published in 1907, Dubliners, by James Joyce,revolves around the everyday lives of ordinary citizens in Dublin, Ireland (Freidrich166). According to Joyce himself, his intention was to write a chapter of themoral history of his country and he chose Dublin for the scene because thecity seemed to be the centre of paralysis (Friedrich 166). True to hisgoal, each of the fifteen stories are tales of disappointment, darkness,captivity, frustration, and flaw. The book is divided into four sections:childhood, adolescence, maturity, and public life (Levin 159). The structure ofthe book shows that gradually, citizens become trapped in Dublin society (Stone140). The stories portray Joyces feeling that Dublin is the epitome ofparalysis and all of the citizens are victims (Levin 159). Although each storyfrom Dubliners is a unique and separate depiction, they all have similaritieswith each other. In addition, because the first three stories The Sisters,An Encounter, a nd Araby parallel each other in many ways, they can be seen as aset in and of themselves. The purpose of this essay is to explore one particularsimilarity in order to prove that the childhood stories can be seen as specificsection of Dubliners. By examining the characters of Father Flynn in TheSisters, Father Butler in An Encounter, and Mangans sister in Araby, I willdemonstrate that the idea of being held captive by religion is felt by theprotagonist of each story. In this paper, I argue that because religion playedsuch a significant role in the lives of the middle class, it was something thatmany citizens felt was suffocating and from which it was impossible to get away. Each of the three childhood stories uses religion to keep the protagonistcaptive. In The Sisters, Father Flynn plays an important role in making thenarrator feel like a prisoner. Mr. Cotters comment that a young ladshould run about and play with young lads of his own age suggests thatthe narrator has spent a great deal of time with the priest. Even in death, theboy can not free himself from the presence of Father Flynn (Stone 169) as isillustrated in the following passage: But the grey face still followed me. Itmurmured; and I understood that it desired to confess something. I felt my soulreceding into some pleasant and vicious region; and there again I found itwaiting for me. The boy feels the need to get away from the priest, but thisproves to be impossible. When he ran away into his pleasant and viciousregion, the priest was still therehaunting him. In fact, even before thenarrator is thoroughly convinced that the priest is dead, he is worried thatFather Flynn will haunt him (Sto ne 169): In the dark of my room I imaginedthat I saw again the heavy grey face of the paralytic. I drew the blankets overmy head and tried to think of Christmas. These passages convey the idea thatthe boy was afraid of the priest and felt somewhat freed by his death. This isfurther proven when the boy, after having seen the card announcing the death ofthe priest, thinks it strange that neither he nor the day seemed in amourning mood and he even felt annoyed at discovering in himself a sensationof freedom as if he had been freed from something by Father Flynnsdeath. This feeling of freedom suggests that the boy understood that he was acaptive of Father Flynn, and thereby, also a captive of the church. With theFathers death, perhaps the death of his captivity came as well. The idea ofreligious bondage can be seen in An Encounter by examining the relationshipbetween the boys and Father Butler. When Leo Dillion is caught reading TheApache Chief in class, everyones heart palpitated as Fa ther Butlerfrowns and looks over the pages. Shortly thereafter, the narrator claims thatthis rebukepaled much of the glory of the Wild WestBut when therestraining influence of school was at a distance he began to hunger again forwild sensations. This passage demonstrates the control the church has overthe opinions and thoughts of the narrator. In addition, if Father Butler isconsidered a symbol of the church, the fear felt by the students at the prospectof his disapproval and the freedom they feel when the restraininginfluence of the church was at a distance prove the suffocating nature ofreligion. It is from this stifling existence that the narrator yearns to escape. .uece89d9d4be688de7c07955a6cd62840 , .uece89d9d4be688de7c07955a6cd62840 .postImageUrl , .uece89d9d4be688de7c07955a6cd62840 .centered-text-area { min-height: 80px; position: relative; } .uece89d9d4be688de7c07955a6cd62840 , .uece89d9d4be688de7c07955a6cd62840:hover , .uece89d9d4be688de7c07955a6cd62840:visited , .uece89d9d4be688de7c07955a6cd62840:active { border:0!important; } .uece89d9d4be688de7c07955a6cd62840 .clearfix:after { content: ""; display: table; clear: both; } .uece89d9d4be688de7c07955a6cd62840 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .uece89d9d4be688de7c07955a6cd62840:active , .uece89d9d4be688de7c07955a6cd62840:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .uece89d9d4be688de7c07955a6cd62840 .centered-text-area { width: 100%; position: relative ; } .uece89d9d4be688de7c07955a6cd62840 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .uece89d9d4be688de7c07955a6cd62840 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .uece89d9d4be688de7c07955a6cd62840 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .uece89d9d4be688de7c07955a6cd62840:hover .ctaButton { background-color: #34495E!important; } .uece89d9d4be688de7c07955a6cd62840 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .uece89d9d4be688de7c07955a6cd62840 .uece89d9d4be688de7c07955a6cd62840-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .uece89d9d4be688de7c07955a6cd62840:after { content: ""; display: block; clear: both; } READ: Personal Identity and Afterlife EssayThis is further illustrated when Leo Dillion doesnt appear for the ditch daybecause he worries that they might meet Father Butler or someone out of thecollege. Even though Father Butlers influence on the boys thoughtsdwindles when school lets out, he is always in their minds. His presence intheir thoughts, especially at time when they are planning an activity for whichthey could be punished, is a parallel to the feeling of a sinner who worrieswhat Gods punishment will be. These passages prove captivity because thepurpose of ditching class was to escape the rigid and stifling world and to findexcitement in the unknown. However, even in t he midst of the possibility offreedom, the boys cant help but think of what would happen if Father Butlerfound them. In Araby, although there is no clergyman, the theme of religiouscaptivity is still present in Mangans sister, who is a symbol of the VirginMary. Just as a statue of the Madonna is lit from behind, on a pedestal, anddefined in shadow, Mangans sister is lit from a lamp behind a half-openeddoor, while she waits on the steps for her brother to come inside, in theshadows of dusk. Just like the Virgin Mary, Mangans sister is worshiped bythe narrator and therein lies the prison. Her image accompanied me even inplaces the most hostile to romance. The protagonist in Araby is obsessed withMangans sister and can not escape seeing her image everywhere he goes. Thisis further illustrated in the following passage: I chafed against the work ofschool. At night in my bedroom and by day in the classroom her image camebetween me and the page I strove to read. In addition the religious i mageryconjured by Mangans sister, the bazaar itself is also a religious symbol. This is shown in the following excerpt from Harry Stones explanation ofsymbolism in Araby: The interior of the building is like a church. The greatcentral hall, circled at half its height by a gallery, contains dark stalls, dimlights, and curtained, jar-flanked sanctuaries. Joyce wants us to regard thistemple as a place of worship (Stone 175). In fact, even the narrator proves tounderstand the religious symbolism when he says I recognized a silence likethat which pervades a church after a service. The narrators trip to thebazaar is journey, but even here he can not escape the images of religion. Evenhere he can not escape the image of the Virgin Mary. He sees a young salesladystanding at a door of one of the stalls, flirting with two men. This isparalleled by the image of Mangans sister standing in her doorway flirtingwith the narrator. When he realizes the parallelism, he experiences an epiphany. His worshiped angel is only a girl, just like the ordinary girl who standsbefore him now (Stone 175). When he realizes how he has been deceiving himself,his eyes burned with anguish and anger. When the boy realizes the hold thechurch has had on him, he feels enraged and disgusted. Religious imagery and theuse of religion as a captor from which the protagonists yearn to escape can beseen in each of the first three stories of Dubliners. Just as Father Flynnhaunts the boy in The Sisters, and the boys in An Encounter can not escape thepresence of Father Butler, the protagonist of Araby is obsessed with Manganssister and can not escape seeing her image everywhere he goes. All threecharacters are haunted and all three desire freedom. In The Sisters, thisfeeling is articulated in the protagonists feeling of freedom that came withthe death of Father Flynn. In An Encounter, it is expressed with his desire tobreak out of the weariness of school-life for one day at least. In Araby,this craving for freedom is not realized until the narrators epiphany when hefinally understands the hold the church has had on him. Because the threestories use religion as a prison, they can be seen as a set. .ubd5fa07245176e0ef95398070f739a01 , .ubd5fa07245176e0ef95398070f739a01 .postImageUrl , .ubd5fa07245176e0ef95398070f739a01 .centered-text-area { min-height: 80px; position: relative; } .ubd5fa07245176e0ef95398070f739a01 , .ubd5fa07245176e0ef95398070f739a01:hover , .ubd5fa07245176e0ef95398070f739a01:visited , .ubd5fa07245176e0ef95398070f739a01:active { border:0!important; } .ubd5fa07245176e0ef95398070f739a01 .clearfix:after { content: ""; display: table; clear: both; } .ubd5fa07245176e0ef95398070f739a01 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .ubd5fa07245176e0ef95398070f739a01:active , .ubd5fa07245176e0ef95398070f739a01:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ubd5fa07245176e0ef95398070f739a01 .centered-text-area { width: 100%; position: relative ; } .ubd5fa07245176e0ef95398070f739a01 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ubd5fa07245176e0ef95398070f739a01 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .ubd5fa07245176e0ef95398070f739a01 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .ubd5fa07245176e0ef95398070f739a01:hover .ctaButton { background-color: #34495E!important; } .ubd5fa07245176e0ef95398070f739a01 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .ubd5fa07245176e0ef95398070f739a01 .ubd5fa07245176e0ef95398070f739a01-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ubd5fa07245176e0ef95398070f739a01:after { content: ""; display: block; clear: both; } READ: Salem witch trials EssayBibliographyFriedrich, Gerhard. The Perspective of Joyces Dubliners.Twentieth-Century Literary Criticism: Volume 35. Ed. Paula Kepos. Detroit: GaleResearch Inc., 1990. 166-169. Levin, Harry. James Joyce: A CriticalIntroduction. Twentieth-Century Literary Criticism: Volume 35. Ed. PaulaKepos. Detroit: Gale Research Inc., 1990. 159-164. Stone, Harry. Arabyand the Writings of James Joyce. Twentieth-Century Literary Criticism: Volume35. Ed. Paula Kepos. Detroit: Gale Research Inc., 1990. 171-177.