Grading Rubric For Reading Responses 5 Points The Reader-Res

Grading Rubric For Reading Responses5 Ptsthe Readerresponder Answe

Summarize the assignment: Write a response to two readings about strategies to manage student loan debt and rethinking college funding. For each reading, answer what you enjoyed most with specific examples, and paraphrase each reading in four sentences or less. Use APA format for citations.

Paper For Above instruction

The issue of student loan debt has garnered significant attention in recent years, prompting discussions about more effective management strategies and alternative funding models for higher education. The first reading, authored by Kelli B. Grant, explores eleven unconventional strategies for dealing with student loan debt, emphasizing the importance of saving—not only by students but also by parents—to alleviate future burdens. Grant highlights that although many parents aspire for their children to attend college, a relatively small percentage actively save toward this goal, which contributes to the cycle of debt. This reading resonated with me because I have personally experienced financial planning challenges for education and recognized the importance of proactive savings and expense management to prevent excessive loan reliance (Grant, 2015). Recognizing emotional and financial investments in education, the reading prompted me to reevaluate my own savings habits in regard to future educational expenses.

The second reading provides an updated overview of student loan debt in the United States, illustrating that nearly 41 million Americans owe close to $1.3 trillion. This report emphasizes the necessity of policy reforms to improve loan repayment strategies, including income-driven repayment plans and protections for students from low-performing institutions. I appreciated this reading because it offered practical solutions rooted in policy adjustments, which could significantly ease the financial pressure on borrowers. Personally, I found the discussion on income-driven repayment particularly relevant since flexible repayment options could directly influence my approach to student debt, should I encounter such financial challenges (Perna, Kvaal, & Ruiz, 2017). It made me consider the importance of understanding policy tools that can provide relief and prevent default, shaping my perspective on financial planning and advocacy for higher education reforms.

References

• Grant, K. B. (2015, June 19). 11 strategies to avoid student loan debt. CNBC. https://www.cnbc.com
• Perna, L. W., Kvaal, J., & Ruiz, R. (2017). An updated look at student loan debt repayment and default. Journal of Student Financial Aid, 45(2), 3-15.