Samia Sara

Nov 2, 2019

Writing for Engineering

Draft of Annotated Bibliography

In the article Two-Thirds of College Students Take On Debt, but Amount Is Rising More

Slowly, the writer ​Ann Carrns​ provides several data to describe the amount of loans students had

to take to provide for college. She explained America’s student debt which is growing slowly, if

not exponentially. Since the Recession, the student debt has been a problem we couldn't

overlook. After the recession, state funding had recovered and the debt looked a little more

promising. Still, the debt situation has only half-way recovered and the reliance on loans for

college was still very high. Since then, the government has placed policies to help students pay

for college. The article goes on to elaborate where and how much a student should take out in

loans. Overall, the article expressed the high volume of student debt by providing research and

data.

In the article ​The Public Student Loan Forgiveness Rescue Hasn’t Gone Well So Far​, the

author Ron Lieber describes the daunting details behind the loan service in the United States.

More importantly, how even the relief aid for loans is. Lieber explained how the federal

government had to set up another relief program for the original relief program for the loans. He

goes on to provide us with examples of how the system is broken in this case. He successfully
conveyed his message with the usage of data on how the relief program works; in this case, does

not work. Ron Lieber closes off his paper by mentioning what the program leaders are doing to

help applicants.

In the article ​As College Debt Rises, So Does Interest in Teaching Financial Literacy,​ the

author Ann Carnns details how much financial information high school students lack. While that

is, they are at the prime time in which they make immense life decisions. Most high schools

around the border does not require students to be proficient in a finance course. High school

students are then required to choose colleges and etc without understanding the whole financial

concept. State officials in Iowa and Kentucky has decided to do something about this issue and is

making it mandatory for students to take some classes on finance. Carnns then added how locals

can identify if their school district has finance instructions. Moreover, she expresses how

students can be more enlightened in this topic and what parents can do to implement such ideas.

In the article ​Where the 2020 Democratic candidates stand on student debt​, the author

Annie Nova explores the ideas put forth by 2020 Presidential candidates on the student debt

crisis. Bernie Sanders plans to to erase the country’s $1.6 trillion outstanding student loan tab.

The $2.2 trillion plan would be paid for by a new tax on financial transactions, including a 0.5

percent tax on stock transactions and a 0.1 percent tax on bond sales. That levy would raise up to

$2.4 trillion over the next decade, according to the senator’s office. Under Elizabeth Warren’s

proposal, borrowers with household incomes less than $100,000 would get $50,000 of their
student debt forgiven. Presidential candidates explore more ways the federal government can

handle this crisis.