Student Loans and Debt Purpose The purpose of this discussion is to ensure students understand the implications of borro

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Student Loans and Debt
Purpose
The purpose of this discussion is to ensure studentsunderstand the implications of borrowing money for student loans aswell as other forms of credit used foreducation. Decisions to borrow money may have life-longeffects that students will be informed about in completing thisdiscussion. This question aligns with courseobjectives 1 and 8 and chapter 14.
Directions for Initial Post.
Find an article on student loans and student debt that is nomore than 6 months old. This is a comprehensivetopic with many elements. Use the following questions to help guideyou on the level of detail to search for in your article. Howdo student loans work? What is the current rate of interest onStafford Loans? How is interest paid back over what period oftime? What is the current student loan default rate or amountnow? How do student loans affect a person’s credit score?
As with the previous discussion, you may also find it helpful touse more than one article to fully cover your exploration anddiscovery.
Please remember citations and references should be in APAformat (Links to an external site.).