Isaacs 1

Jacob Isaacs
ENG-112
Mrs. Douglas
Daybook Entry (#4)

The current federal Student-Loan program has many various problems of concern
to be addressed. For example the interest rates regarding these loans are putting students in
massive amounts of debt that sometimes will stick around ten-fifteen years. In order to address
this situation the interest rates need to be lowered significantly as well as the time allotted to be
paid back should be extended. First the government should create a loan which allows you to get
through school and pay off your loan within 5 years of graduation with zero to no interest
involved and if an extended time is needed, it should be able to be gotten for only a small interest
fee. Second; more people should be accepted for loans and finally a no tolerance to low or
failings grades be applied.

Reflection: This entry was exercise 15.7 in our daybook and was regarding the faults of our
student loan programs in society today. Such as the high interest rates, and short time required
for return pay. It is a problem that puts some people into debt they can never reach out of and its
crippling our economy. This was more of critical thinking, problem solving and analysis to
figure out the problems and address solutions.