Debt U Documentary - VO Selections

Profile photo for Casey LaMarca
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Language

English

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North American (General)

Transcript

Note: Transcripts are generated using speech recognition software and may contain errors.
in the world we live in today. You would think it would be easy to find the accurate information you need about the costs of higher education. But the information about tuition is often not the first priority when it comes to attracting a potential student. Because information could be difficult to understand. We get caught up with what our education looks like. On the outset. Student loans could be traced back to 18 67 with the authorization of the U. S Department of Education, followed by 1958 with the National Defense Education Act. Where was the first federal student aid program for low income students. Deferment or in other terms for parents? Allows you the bar work to temporarily postpone or reduce your federal student loans. Postponing or reducing your loans may help you avoid default for a limited amount of time. Default occurs when a borrower is 90 days past due on their payments, and once you're in default, it's very hard to get out. Colleges and universities on the surface are not giving you all the information about how much college really costs. They're not counting the interest rate, which can lead to thousands and thousands of more dollars in payments. College may not be as clear a path to success as it once was, but that doesn't change anything about your potential. All you have to do right now is understand what you and your family are getting in and prepare before it's too late. Some things may be out of your control, but your dreams could be within reach. Get ready for your future starting today, Theo.