Student Loan Reporting

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from Kevinjon Pagio Jul 22, 2021

Student debt has grown steadily over the past decade. In 2007 the average student loan debt was $ 15,257.… In 2020, this amount has grown to $ 36,635. Now the student has an average of $ 37,693 in loans.according to educationdata.org. This is a common story for over 45.3 million people, who in total borrowed more than $ 1.6 trillion… it more than credit cards and car loans, second only to mortgages

Student loans have not always been such an important part of education. In the past, the federal government has heavily subsidized loans. This participation has made the college more accessible to people from low income families. However, the federal government reduced funding for higher education… With these abbreviations, people turned to other sources for help. This led to the fact that unsubsidized loans became more visible. According to Sally Mae, a consumer banking company, unsubsidized loans where “you are responsible for paying interest from the date the loan is credited to your account.” This is different from subsidized loans when the bank or government pays interest on you while you are in school. Upon leaving school, you will be required to pay the original amount plus accrued interest from the start of the repayment.

The business reporter should be aware of the issue of student loans. This issue affects over 19 million college students in the United States Given that student debt and student loans are in the spotlight, here are some resources and tips.

If you are looking for detailed data and information, government sources as well as reliable independent think tanks can play a large role in solving this problem. Pew Charitable Foundation as good as National Center for Education Statistics are excellent sources for finding information related to education. Federal student aidThe US Department of Education office can also be a great tool when it comes to student loans. They have a whole section dedicated to understanding student loans

Public universities and colleges also publish tuition fees on their websites. For example, Arizona State University has a section explaining standard visit cost for the 2021-2022 academic year. It’s the same with public colleges. Glendale Community College also has a section describing his training and fees… Knowing about school fees, as well as student payment plans, can be invaluable to your story; this results in a clearer picture.

Finally, talk to financial experts as well as students and their parents. Financial experts can share their knowledge and answer any questions you may have regarding the story. However, calling a person an expert does not mean that statements should be taken at face value. Claims must be factual and supported by any credible evidence. Also, talk to students and parents. Having a personal account of the loan process makes the story more interesting and offers a juxtaposition for experts. Data is one thing, personal account is another.

Student loans and debts are becoming an increasingly important part of society. However, this does not mean that a business story should always be about statistics and financial data. There is always a personal counterpart that accompanies the data. A good mix of personal and objective accounts will open this topic up to more people.

If you would like to explore student loans and topics related to this subject in more detail, check out the infographic below. Sources of underlined





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