Question

Topic - Student Loans

What is the current debate surrounding your topic? What do the supporters argue? What do the opponents argue? How does this debate impact policy outcomes?

Answer 1

Debate: Students are forced to take student loan for higher studies.

In support argument: Courses are designed in a way students used to take loan year after year. These are very high costs and paying the principal along with high interest amounts create burden to them. Student loans must have lower interest or no interest rate, but private lenders do not have such ethic. And ultimately, why such huge cost for study?

Against argument: Courses are designed based on students’ convenient, understandings, and usefulness; the full course can’t be taught within a year. Student loan could be treated as investment in higher study which gives returns in future. Interest rates vary from bank to bank; proper searching is necessary here. All schools do not charge high rates unless it is a fancy school.

Policy: Such loan should be provided by banks those who have authorization; it makes internal control of lowering and uniform interest rate. There should be a regulatory body to make a connective link between courses and student loan; they must satisfy that courses are designed as per necessity which fit the loan.