Student debt – the fear of many young adults who will continue their education and attend college/university. When you begin high school, you are introduced to the world of a young adult that comes with many responsibilities and a glimpse of what your future might hold academically, i.e. college or university of your choice. Even though tuition can be very expensive, some students have the advantage of not having to worry about it, but there will always be others who don't have it as easily. Which can be a problem because even though there are student loans, it means you will have debt and this is precisely why many students would prefer not to attend college or take out student loans. What exactly are student and financial loans and what are the conditions you need to be able to obtain it. Additionally, people of all income levels, ages, and education levels have student loan debt, but it is particularly concentrated in certain groups. There are many other problems that debt causes like depression, anxiety, etc. as students/graduates worry about how they are going to pay it off, which can lead to mental health issues that can permanently affect. Say no to plagiarism. Get a Custom Essay on “Why Violent Video Games Should Not Be Banned”?Get an original essayFirst, a loan offered to students that is used to pay for education-related expenses, such as tuition, fees, accommodation and meals at the university. , or manuals. Many of these loans are offered to students at a lower interest rate. Generally, students are only required to repay these loans at the end of a certain period which usually begins after the end of their studies. Students who would be most likely to receive financial aid are those with good high school grades and standardized aptitude test scores. Depending on who the person is working with to get their financial aid, they will have the specific requirements they need to meet their expectations in order to receive help. Which would later be paid according to their rules with or without interest or simply based on the help someone receives. Second, when high school students begin to figure out which college they will attend. One of the many things that high schools have to offer students is the opportunity to take out financial aid (student loans). While it's pretty great if you get financial aid, many students are starting to realize that this loan will turn into debt and if they don't want to take on debt in the future, they probably won't want to attend college again. college, because seeing the result of financial aid, especially low-income students, because they don't want to be left with that burden. One source said: “A surprising number of low-income students – 850,000 per year, or 26 percent, according to the American Council on Education – do not apply for federal aid at all...these students are eligible to more subsidies based on their needs. a role, as does their tendency to attend lower-cost establishments. But debt aversion can also play a role, particularly when it explains the choice of a low-cost institution in the first place.” . An Urban Institute article on people with student loan debt states: "The 20 percent of U.S. adults ages 20 and older who have student debt are a diverse group: young and old, white and non-white, men and women,..