Now what if there was some type of reward system for those who have shown some form of academic excellence? What if sac state had a program that would relieve students of their loans if they maintain higher than a 3.5 GPA by the time they graduate? I think if such a policy was implemented it would only do good for college students. Maintaining a 3.5 GPA is definitely not easy and studies have shown that the average college GPA is a 3.1 so making the goal a 3.5 would give it to those who were well deserving. I think this would encourage those who don't applying to college because of money, an incentive to do so. Current students will also have a reason to raise there GPA do be eligible for the loan forgiveness. Outside of the current loan forgiveness that Sac State gives their students that all them 6 months before they make there first payment, there is a lack of such a program like the one i am implementing. So Do you guys think a policy like this would work? Can you see something like this happening in the future? What would stop something like this form happening?
Friday, March 13, 2015
Graduating Debt Free!?
I don't know about you guys but i would love to graduate debt free from college and not be apart of the statistic of a study that was done a year ago that said 66% of public school graduates graduate from student loans. Now I'm not ashamed to say I'm taking out student loans to pay of my education but needless to say I'm worried about how much its gonna total up to be by the time I graduate. Now of course there are many opportunities of getting financial aid whether its from scholarships, work, or government aid but sometimes the chips don't fall your way so you have to turn to student loans.
Now what if there was some type of reward system for those who have shown some form of academic excellence? What if sac state had a program that would relieve students of their loans if they maintain higher than a 3.5 GPA by the time they graduate? I think if such a policy was implemented it would only do good for college students. Maintaining a 3.5 GPA is definitely not easy and studies have shown that the average college GPA is a 3.1 so making the goal a 3.5 would give it to those who were well deserving. I think this would encourage those who don't applying to college because of money, an incentive to do so. Current students will also have a reason to raise there GPA do be eligible for the loan forgiveness. Outside of the current loan forgiveness that Sac State gives their students that all them 6 months before they make there first payment, there is a lack of such a program like the one i am implementing. So Do you guys think a policy like this would work? Can you see something like this happening in the future? What would stop something like this form happening?
Now what if there was some type of reward system for those who have shown some form of academic excellence? What if sac state had a program that would relieve students of their loans if they maintain higher than a 3.5 GPA by the time they graduate? I think if such a policy was implemented it would only do good for college students. Maintaining a 3.5 GPA is definitely not easy and studies have shown that the average college GPA is a 3.1 so making the goal a 3.5 would give it to those who were well deserving. I think this would encourage those who don't applying to college because of money, an incentive to do so. Current students will also have a reason to raise there GPA do be eligible for the loan forgiveness. Outside of the current loan forgiveness that Sac State gives their students that all them 6 months before they make there first payment, there is a lack of such a program like the one i am implementing. So Do you guys think a policy like this would work? Can you see something like this happening in the future? What would stop something like this form happening?
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Hey Joel! What you're proposing seems very beneficial to both the schools' reputation as well as being an incentive for tons of students with fears of being in debt after college. I agree with you and believe there should be some type of reward system, however the cost of maintaining such a system is questionable. Where would the money for this reward system come from? I believe there are some scholarships that apply to those with high GPA's. If a system like this were implemented, schools would have to conform to their new reward system, giving every student with a GPA of 3.5 or higher loan relief. Like you said however, maintaining a 3.5 GPA is difficult for some students so this can still be a possibility. I think it all boils down to financial means and the capability of the school to fund this program.
ReplyDeleteThere are tons of financial aid out there but sometime you need to know where to look. I am sure there are many people that would agree with you proposal in a heartbeat( I would) but you know we're the financial aid comes from don't you? Taxes and people who donate to help students get through school. While I still think these schools should acknowledge students who are working hard. You would have to define a line then that line could be lowered by people who get a 3.49 and need that money to get through school. While I like this plan there are always other factors to consider.
ReplyDeleteHey Joel, I think that a program like this would work, but what if the school starts to run out of money because so many students want those loans? I think that there would probably be a limit as to how much each student would have to get. And it would definitely be a motivation for many students to do better in their classes.
ReplyDeleteJoin the Peace Corps! I didn't have to pay back anything for the first three years after college and at least 33% of my loans were forgiven (I didn't have to pay them back at all).
ReplyDelete