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    The Negative Impacts of Student Loans: An Argumentative Approach
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The process of obtaining high quality education has become complex in the modern context of knowledge system. In fact, more or less, the desire to gain quality education has tempted the aspirants of learning to go through typical situations in life—it is not only at social or psychological level, but also at financial level of the students (Bennett, McCarty & Carter, 2015). The educational loans are the ways through which, the obvious expanses of education are now worn by the students.
Moreover, these loans assist them in the process of getting into the colleges and institutions of their preference. However, the student loans are not always the most desirable stances that students or their families have to take; they are like additional burdens, due to the negative impacts that they cause to the students and their respective families. The following is an analysis of the statement that students are faced with crippling debt because of factors such as rising college tuition fees and the stress that comes from debt. Students have to be aware of their options and how the government can help them so that both their mental and physical health does not decline.
The first and foremost reason of taking student loans and the negative impacts that they cause relates to the process of admission to higher studies across globe. Especially in American context, higher education has grown expensive and it is one of the primary concerns of the students who wish to acquire knowledge and education in the college of their preference. The reputed colleges have specific fee structure that serves that extra pressure on mental grounds to the students as well as to their families (Kuhl et al. 2014). The fee of the qualified institutions is too high to be afforded at personal level—as the survey reports published in the study of (Kuhl et al. 2014) declare. These expanses are hard to be managed at personal level and that becomes the first reason to seek possibilities of educational loans from the financial service providers like banks etc.
Moreover, the process through which student loan is obtained looks flowery at initial level; the low interest schemes and long term repay modes are suggested to them by ludicrous offers made by banking agencies. These offers are tempting—at psychological level students feel that it is quite in their budget to get through the educational loan (Kuhl et al. 2014). However, the aftermath of obtaining loan results in that unnecessary burden throughout the career. The choice of career becomes directly proportional to the debt on students. The psychological pressure, repaying of EMI as well as the extra burden to perform well to obtain good grades are some of the additional factors, as per the survey results of 63% of the students who clearly declared that educational loans were not their first choices. Instead, they were the forced directives which they had to take (Kuhl et al. 2014).
In the same context, it can also be noted here that the process of obtaining the best suitable loan is not as easy as it appears on the surface (Kuhl et al. 2014). The students looking forward promptly to get admitted into the college of their choice have to examine the policies and structures of the educational loan that they wish to take. The results of this study also conclude the importance of student loans, putting them under the burden of debt i.e. in spite of the fact that loans are risk driven factors; students are ready to take them up because they have no other choice left apart from opting for the loan. The risks of this procedure include extra pressure to perform well at studies because that is the only way out from heavy debts caused by educational loans. The importance of loans cannot be denied in the modern context of education but at the same time, the mandatory effects that these loans bring in frames the social, psychological and financial burdens over the minds of students as well as on their families.
Further, if the order of negative impacts that students loan cause is examined,...