The Student Loans Essay Example | Topics and Well Written Essays - 500 words - 1

The pupil Loans - Essay ExampleThere is a study that shows areas having higher growth in the student debt, enactment lower development in the entrepreneurial spirit where there is a lower number of businesses with 1 to four employees (www.nytimes.com). In most cases, when students use up their capacity of debt on student imparts, they cant commit that debt capacity elsewhere. These students end up not thinking of ever taking any contributes in future thus killing the spirit of being their own bosses. This therefore shuts down the spirit and capability to create new businesses and opportunities in future. With this, a countrys economic growth is hampered. Student loan debt is also appearing to affect the trends of home ownership. Recently, people around the age of 30-33 are not purchasing houses. This decline has been steeper for those people having the history of student loans. It was intense during the fall of the housing market, but has since act even after the market has r ecovered. According to Korkki on www.nytimes.com, career choices by the students having the student loans are moved(p) mostly. Students having the college loan have a low tendency of choosing a low-paying job. This leads to overcrowding in certain job categories whereas departure other jobs un attend to. This tends to kill the economy because all sectors of the economy are supposed to be attended to. Overcrowding in certain professions could lead to social problems such as corruption, favoring and all those sorts of injustices. It has also come to my forethought that some government organizations are not employing people who have not settled their student loan debts. It has therefore deprived various young men in the age bracket of 22 to 30 opportunities to express themselves given the fact that they are the most productive group currently. In addition, these people do not drive.