Student Loan Debt should be forgiven for all College
Students.
1. How convinced are you that...
Student Loan Debt should be forgiven for all College
Students.
1. How convinced are you that the argument is "valid" (on a
scale of 1-100%)? Why?
2. What would it take for you to change your mind?
Solutions
Expert Solution
Answer)
On a scale of 1-100,I would say,I am 1% convinced about its
validity because we are risking a lot of things here,first why
should student loan debt be cancelled,why not other loans too or
free sports coaching too for someone wanting to make career in
it,the point is it will set bad precedence,second why can't we look
at college fees and scholarships as solution rather than paying off
in a way,third why can't students earn their tuition and finally
why should'nt the amount be used to do development for entire
nation rather than students.
I think if it can be shown that there are not enough ways to
earn while you study,if it is good in the sense that it actually
benefits nation more than using that amount on development,if
everyone needs their debt to be forgiven and not the needy ones and
finally if students will actually payback in some way or another to
nation when they can would be helpful in convincing me to rethink
about it.
1. Identify how student loan debt (or personal debt, if
you don’t have student loan debt) can affect your:
Credit score
Future budget
Spending goals/habits
2. Explain how managing your student loans (or personal
loans and debt if you don’t have student loans) can contribute to
personal financial success and growth.
3. Examine how debt influences your career
considerations in the following areas:
Salary
Determining what you choose to negotiate
Geographical location of the job
Student Debt – Vermont: The average student
loan debt of a U.S. college student at the end of 4 years of
college is estimated to be about $21,800. You take a random sample
of 141 college students in the state of Vermont and find the mean
debt is $23,000 with a standard deviation of $2,800. You want to
construct a 99% confidence interval for the mean debt for all
Vermont college students.
(a) What is the point estimate for the...
Student Debt – Vermont: The average student
loan debt of a U.S. college student at the end of 4 years of
college is estimated to be about $22,500. You take a random sample
of 146 college students in the state of Vermont and find the mean
debt is $23,500 with a standard deviation of $2,600. We want to
construct a 90% confidence interval for the mean debt for all
Vermont college students.
(a) What is the point estimate for the...
Student Debt – Vermont: The average student loan debt of a U.S.
college student at the end of 4 years of college is estimated to be
about $22,500. You take a random sample of 136 college students in
the state of Vermont and find the mean debt is $23,500 with a
standard deviation of $2,600. We want to construct a 90% confidence
interval for the mean debt for all Vermont college students.
(a) What is the point estimate for the...
The amounts of student loan debt college students have
accumulated one year after graduating is normally distributed
with = $40,000 and = $6,500. The federal
government takes a sample of 625 people who graduated one year ago
and finds that for this group of people the average amount of
student loan debt accumulated was $35,500. Fannie Mae takes a
sample of 729 people and finds the average credit debt is $37,250.
Which of the findings is more likely?
The average student loan debt of a U.S. college student
at the end of four years of college is estimated to be about
$22,000. You take a random sample of 150 college students in the
state of Wyoming and find that the mean debt is $19,850, and the
sample standard deviation is $2,180.
(a) Construct a 95% confidence interval for the mean debt of all
Wyoming college graduates.
(b) Construct a 98% confidence interval for the mean debt of all...
The average student loan debt of a U.S. college student at the
end of four years of college is estimated to be about $22,000. You
take a random sample of 150 college students in the state of
Wyoming and find that the mean debt is $19,850, and the sample
standard deviation is $2,180.
(a) Construct a 95% confidence interval for the mean debt of all
Wyoming college graduates.
(b) Construct a 98% confidence interval for the mean debt of all...
The average student loan debt of a U.S. college student at the
end of 4 years of college is estimated to be about $23,300. You
take a random sample of 136 college students in the state of
Vermont and find the mean debt is $24,500 with a standard deviation
of $2,700. You want to construct a 99% confidence interval for the
mean debt for all Vermont college students.
(a) What is the point estimate for the mean debt of all...
The average student loan debt of a U.S. college student at the
end of 4 years of college is estimated to be about $24,100. You
take a random sample of 136 college students in the state of
Vermont and find the mean debt is $25,000 with a standard deviation
of $2,400. We want to construct a 90% confidence interval for the
mean debt for all Vermont college students.
(a) What is the point estimate for the mean debt of all...
Student Loan Program
The National Direct Student Loan (NDSL) program allows college
students to borrow funds from the federal government. The contract
stipulates that the annual percentage rate of interest is 0 percent
until 12 months after the student ceases his or her formal
education (defined as as least half-time enrollment). At that time,
interest becomes 4 percent per year. The maximum repayment college
period is 10 years. Assume that the student borrows $10,000 in the
beginning of the first...