Student Debt

Today's undergraduate students and graduate students are often using credit cards. they have access to their parent's credit cards, they are using credit cards in their own names. There are now 56% of undergraduate students who have at least one own card in their name. As students progress from freshman to seniors, the likelihood that they will carry more than one credit card increases. And the Numerous students will use these credit cards, with higher interest, to pay for their tuition. This could be a matter of convenience due to things such as online registration systems at some colleges. And students can have the lower cost methods of paying for tuition such as student loans or payment plans.

The reason why student debt is increasing:

1. Reducing in Student Aid Programs
2. Increasing in Interest Rates
3. Rising in tuition fee
   

There are many things that can be done to help students cope with student debt or to help eliminate the hardships that many of today's graduates are facing. And these are some of advantages of student debt:

1. Voice yourself.
2. Vote for those who will help pass reforms or visit websites such as Project on Student Debt to read and share personal stories.
3. Using student services on campus such as financial aid counseling clinic, websites, or offices
4. Lobby to increase grant aid programs .
5. Encourage programs for loan lenders to make room for the unpredictability of graduate earnings.
6. Encourage schools to enact mandatory, thorough, debt education programs to all freshman and incoming transfers before they can take out loans.
7. Students taking responsibility of their own finances by planning.
8. Lobby for legislative acts.
   

But the students who want to become in student debt, before taking out any loans, they should plan out their academic career and the amount of time it will take them to complete it. After that they should make a financial plan which is based on this information. They also need to estimate the educational expenses including housing and personal expenses can be used to make a budget to determine how much will be needed. Students should research their future career and determine an estimated wage upon graduation. This will help set a maximum borrowing limit and using a student loan repayment calculator .
Finally, after all this has been established, a commitment needs to be made to follow a budget and financial goals.