The title in itself makes us aware of the direction that the article takes at ‘Desperate And In Debt: 30% Of Millennials Would Sell An Organ To Get Rid Of Student Loans’. In a survey which asked the fresh out of college youth about how far they would go to pay off their college debt, the results were eye-opening. 55% accepted the going away of their debt at the cost of being followed by the very-present paparazzi, 38% said they would contend in a research study where there may even be health concerns while 30 percent said that they would sell their organ to pay off these college loans.
The article further moves ahead to state that even though very few students would actually go through measures as drastic as this, they surely want this college debt to go away as soon as it can rather than it chipping away from their budgets over the course of years. The millennials are being affected by this problem so much that 56% of them are seen putting off very major life decisions because of these loans. These major decisions include buying cars, marriage and buying their own homes. The article moves ahead to present a few solutions as to how to repay these loans as soon as may be made possible for these college students. It provides alternatives to income was driven repayment plans, federal loans and applying for interest rate reductions against these loans.
Further credibility is added to the price of writing by presenting the finding of the research study which was arranged by the personal financing site which is known under the name ‘MyBankTracker.' The extent of the problem is then further highlighting by informing the readers that these students struggle with debt balances the average of which falls at $34,500 which is quite a significant sum for the young men and women who are just starting off their careers at minimum salaries. The article moves on further by linking this problem to the study that was conducted and then reveals the results of the questions that these students were asked mostly concerning how far they would go to rid themselves of these college loans.
The opinion of ‘MyBankTracker’ is then brought into focus which could be considered a very smooth transition for the source that the article derives its information and analyzes from is one that is the voice of authority. Following afterward is the transition that the article makes into the expressing how these student loans are in the way for many and is are in the way of their major life milestones. This fact then reflects how the problem is affecting many of us in real life.
The article then moves ahead and presents the few of us with a few solutions to the problems, and these suggestions are also then translated in a video which presents five solutions to the student loan problem. So this would be considered as a wise move for after acknowledging that these students are desperate and worried, they are presenting them with some semblance of relief by presenting them with a few ways to make their problem less problematic.
All in all, the article lends support to the students that may have been feeling alone in their problem and gives them a sense of belonging and the faith that they are not alone. There are many others who have the same worry which may bring them to the realization that since there are so many who are going through the same worry, some of them may even have figured a way out. The article really provides insight into what the average student is facing rather than describing the bigger picture which helps every individual relate to the same problem and sympathize with others who suffer through the same.
Now moving ahead to the areas where the article lacks and doesn’t make as much impact. Firstly, the solutions that are presented here are meant only to reassure rather than actually help the students out for they mostly talk about taking more loans to pay the student loans and about recalculating and keeping track of what they actually owe. There are some instances where it is suggested that students who have a good credit could have the terms and conditions of the loans repayment redefined so that they could be made fairer. After all these efforts, however, the actual problem still persists, and the article does not really address that properly.
The second issue with the article is that it provides ways out to students who are already suffering from the problem, but it does little to offer suggestions to students who have to get loans to put them through their college education. Meaning the article focuses little on the long-term implications of the student’s loans. Another worry is that it fails to mention how so many students being under such immense burden may turn into a social problem for us. This is a fact that is worth mentioning because the millennials are a significant ratio of our net population and their worries also turn out to affect us as a society as a whole.
Despite all of its weaknesses, the article is still an insight. We see that our students are suffering, and the fact may encourage the revision of these loan policies to make them less burdensome for the students of the upcoming generations. It is an effort still which requires appreciation.
References
Mcgrath, Maggie. Desperate And In Debt: 30% Of Millennials Would Sell An Organ To Get Rid Of Student Loans. 09 September 2015. <http://www.forbes.com/sites/maggiemcgrath/2015/09/09/desperate-and-in-debt-30-of-millennials-would-sell-an-organ-to-get-rid-of-student-loans/#7f8fb5df127a>.
