Risks of Student Loans

(Part 2)


The first position that is held in this issue is that negative risks caused by student loans aren’t worth the hassle. The evidence that supports this is the number of students who are currently struggling to pay back their student loans. According to NBC News “College seniors who graduated with student loans in 2010 owed an average of $25,250, according to the latest data from The Project on Student Debt (Weisbaum).” If this was only four years ago, it’s hard to imagine what the average of student loans are owed now. Another negative risk is the possibility of not being able to save up for retirement. Retirement is one of the things most students look forward later in their life and because the amount of student debt is steadily rising it’s making it even more harder to save up. This position believes in with all this being considered this risk is not worth taking.

The second position that is held in this issue is the positive effects have much greater value than the negative risks making the risk worth taking. Evidence that supports this is the great amount of beneficial help that student loans offer. Student loans allow students to go to school and further their education by helping with the cost of books, tuition, housing, and other necessities. This makes it much easier for students to receive as much education as they can. Another positive effect is how this can positively affect their credit scores. By students paying on time and working with lenders when they aren’t able to make a payment helps a lot when it comes to increasing their credit score (Driscoll).

The third position that is held in this issue is the compromising of both issues, which consists of consolidating student loans. Consolidating will not eliminate student loan debt but it will be reduced to a lower payment per month (Consolidation). Consolidating can make it much easier for students to be able to afford many things they weren’t able to before. Having more students being able to afford things such as homes and cars will ultimately stimulate the economy.

The first position believes in finding alternative routes to taking student loans out and if not being cautious of the different risks that can be caused. The second position believes in that student loans are more helpful than they do harm. Although there may be some consequences that occur it’s worth it in the long run. The third position believes that student loans can be both helpful and harmful therefore coming up with the idea of consolidating which will allow students to have loans but also cut some of the heavy risks out of the picture. One thing all three of these positions can agree on is that student loans will always have kind of risk to it no matter what.


Works Cited


“Consolidation.” Student Loan for Borrowers. American Student Assistance, n.d. Web. 15 Apr. 2014.

Driscoll, Emily. “How Student Loan Debt Impacts Your Credit Report.” Fox Business. N.p., 23 Nov. 2012. Web. 15 Apr. 2014.

Weisbaum, Herb. “Drowning in Student Loan Debt? Here’s Help – NBC News.” NBC News. N.p., 5 Sept. 2012. Web. 15 Apr. 2014.



Student Loans