Most of the students in colleges are stressed out due to the loans they make to meet their needs. Some of them make these loans due to their inability to afford money to purchase their basic requirements. This normally occurs when such students come from a poor background or lack someone to cater to their needs. Others take the loan just for luxury (Meta 37-52). They tend to admire expensive things that they see other students have at school, making them strain as much as they can just to be seen as being rich and having that kind of lifestyle.
There are various solutions that may be employed in different programs to ensure that nursing students are helped in settling their debts. One of them is their guardians to provide for their kids in college (Richard np). This is because most of the students have to work for themselves to raise their school fees, and when the pay becomes less than the target, they end up making debts, which, in most cases, they have no idea how they are going to settle. Parents should, therefore, take the responsibility of ensuring their children’s fees are paid on time, just to make them feel comfortable at school and make minimum debts manageable for their personal needs.
Another solution that can help students is to advise the employees to consider the first salaries of the students who have just finished college. Giving them higher salaries will enable them to clear the loans which they made while they were still at school. Paying them lower wages will make it difficult for them to settle their debts, and it can even take years to pay the amount, which could have been cleared in the first few months of their working (Baum 65-81). They can also make it a rule that a certain percentage will be deducted from their salaries to pay the loans which they may have been receiving from the government.
Work Cited
Baum, S. (2016). The Evidence About the Impact of Student Debt. In Student Debt (pp. 65-81). Palgrave Pivot, New York.
Brown, Meta, et al. “Measuring student debt and its performance.” Student loans and the dynamics of debt (2015): 37-52.
Fry, Richard. “Young adults, student debt and economic well-being.” Pew Research Center 14 (2014).
Cite This Work
To export a reference to this article please select a referencing stye below:
