Have you ever heard about student loan? If you have, then what do you think about it? Well, no matter what do you think about it, it seems that student loan does not only have advantages, but also disadvantages. This is proved by the promise of the Republican Presidential Candidate Ron Paul. He promises that he will eliminate student loans if he is elected. This of course invites many critics from many people. It is because people recognize student loan as a program that can help people who do not have enough money but want to go to college to study and achieve higher degrees. Yet, it seems that those people are not totally right. Mr. Paul said that the very high costs of tuitions in most universities are caused by student loans. Student loans allow anyone who takes the loan to go to college, no matter whether he/she is qualified or not. This of course increases the population of college students. With so many college students, the universities have to raise the tuition costs to be able to employ more lecturers and provide better facilities for those college students.
At this rate, both the college students that do not take student loans and the college students that take student loans will be disadvantages. It is because those college students that use their own finances to pay the tuitions will of course be encumbered because they have to pay more. On the other hand, the college students that use student loans to pay the tuitions will also be encumbered because they have to take higher amount of money in student loans. It of course means that they will have more debts to pay after they graduate. In the end, they will have to look for very decent jobs that are hard to get these days without great skills to pay their debts. Those are the disadvantages that are brought by student loans. That is why Mr. Paul wants to erase student loans.
However, abolishing student loans is not also the right solution. It is because of course it will bring back the condition of the country to the condition of the old days, where there were not as many educated people as of now. So then, what is the right solution for this problem? It seems that the right solution is by keeping student loans, especially student loans without cosigner (this kind of loan is easier to get) for those who want to go to college with only standard skills. On the other hand, the government also has to guarantee college educations to those who are really qualified and really want to get the college educations. Do not let those brilliant people encumbered by troublesome debts. So, with this solution, those people will be the right people in the right places. It is because educated population is really needed just like the population that is not burdened by debts is needed.
