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In essence, loan policies are turning students away from pursuing college by making it seem financially unfeasible. Student loans should be available at lower interest rates and with an income-contingent repayment option to all students planning to attend college. Scholarships should be made available according to scholastic achievement rather than financial need. The government should reformat their loan policies.
Higher education is extremely important in today’s society. According to former president Bill Clinton, “education is the fault line, the Great Continental Divide between those who will prosper and those who will not in the new economy” (Fossey, Bateman 19)...
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