Student Loan Program Has Good Intentions And An Honorable Aim

In 1965, President Lyndon B, Johnson signed the Higher Education Act. The legislation, as a part of his Great Society plan, had the purpose of lessening the divide between rich and poor Americans by providing more support and financial resources through student loans to lower-income students pursuing a higher education. Unfortunately, more than fifty years later, that divide continues to grow. Due to rising tuition costs and rapid increases in student loan burdens, the college aspirations of teenagers coming from working and middle-class families are progressively being discouraged. Student loan program has good intentions and an honorable aim: to provide an equal opportunity for an education beyond high school for those who can and†¦show more content†¦With student loan debt in the United States surpassing consumer credit debt (Ross), this 1.1 trillion dollar dilemma has the country starting to take steps to find a solution to this question: How can students obtain higher education, acquire a job and salary, build a life, and pay back their loans without it becoming a life-sentence? In addition to the prior mentioned obligations that a new graduate feels, the cutthroat nature of the job market does not favor new college graduates. Today’s society has come to a general consensus: college is the only path to success. While the validity of this drastic opinion can be argued, the empirical evidence in this culture suggests that it has a degree of truth. Students in pursuit of employment in fields where career growth and increased earnings potentially exist are discovering that in order to start a career, an undergraduate degree is now the minimum requirement by employers. Postgraduate work is also becoming the unwritten rule for advancement in the corporate and professional world now. Nevertheless, it is still a challenge to find employment, even with an undergraduate degree, as many employers would rather hire experienced workers instead of young peopleShow MoreRelatedStudy on Customer Service Quality and Customer Satisfaction at Credit Card in the Conte xt of Prime Bank Limited†12516 Words   |  51 Pages43, Mohakhali C/A, Dhaka 1212 Date: 18 December 2008 To Whom It May Concern This is to certify that Shahriar Hossain is a BBA student of East West University. 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