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Jinliang Sun

Russell Thomas

English 1201

27 October 2019

Research proposal

Have you ever-attended college and took out a loan that you didn’t really understand

its requirements? Most college students take out a private or federal loan to pay for college,

but did you know it could take twenty to thirty years to pay off? The average student debt

from college is between ten thousand dollars to fifty thousand dollars, and it affects a

student’s finical future. Interest on student loans can double by the time a student is required

to pay on them. This topic affects me because I am one of many college students who will be

in debt because I didn’t understand my student loans and what my payments will be like in

the future. College students should get better education on student loans so they can be

financially aware of how debt will affect them and their future life choices.

The most common loans a student takes out are either subsidize or unsubsidized

loans. What a subsidize loan means is that while the student is in school the government pays

the interest for them. Now an unsubsidized loan is the student pays the interest rate on the

loan as soon as it is taken out and dispersed. These are not the only loans available, but these

are what most college student ends up choosing. In addition, college students including

myself should get better education on student loans so we can be financially aware of how

debt will affect ourselves and our future life choices. If I am educated on the interest rate at

the beginning stages of starting college it would have a better impact on the finical debt crisis

I am facing now. I would get a better concept of how much money will be added to my loans

when deferring them. Not only will I really understand how important it is to never miss a

payment, but also I will not face the financial difficulty with their credit. College debt in
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inevitable. but keeping up with payments and having good credit is a necessity. Having the

right information can save thousands of dollars and make paying off student loans easier. Not

only I am able to get a mortgage loan, car loan or a simple credit card, but also I will

financially prepared for my future. Being financially dependent it the goal for myself. No one

want to struggle when they get out of college. The opportunities are endless for many

students who succeed with a degree and college debt as long as they have the right

information and keep up with their student loan payments.

I think college debt is inevitable topic since a majority of students have college loans.

And college loan is a plan for the strategy of the country through science and education, a

measure that benefits both banks and students. It is an important way to change the situation

and make college is affordable for students. I feel that student loan is well received by parents

and children since it has improved in quality of education and considered to be a prerequisite

for students. Student loans have fulfilled the dreams of students, making students and banks a

double beneficiary of the strategic measures for rejuvenating the country through science and

education. Before I did the research, I did not realize that there are a huge number of students

taking college loans, and I only considered that poor students would have college loans. I

believe we need to add on the basis of innovation. And we need to make great efforts to

modify and improve the policies, laws and regulations of existing student loans, so that these

are more in line with the requirements of poor college students.

I hope to learn and understand the essential reasons for problems in student loans and

deepen the theory on the basis of practice. In addition, I hope to learn how to mobilize the

enthusiasm of banks, ensure the interests of banks, eliminate the crisis awareness of banks,

and maintain a mechanism of mutual trust in solving the relationship between banks, schools

and students, and strive to improve financial services while providing simple, fast and high

loans to students. Efficient service. I will start them by searching national policies first.
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