Student loan debt – the fear of many young adults who plan to continue their education and attend college/university. When you start high school you are introduced to the world of being a young adult which comes with many responsibilities and a look at what your future may await academically, i.e. your favorite college or university. Although the course can be very expensive, some students have the advantage of not having to worry about it, but there will always be others who cannot do so so easily. Which can be a problem because even if there are student loans it means you will have debt and for this very reason many students would rather not attend college or take out student loans. What exactly are student and financial loans and what requirements are needed to qualify in order to get them. Additionally, people of all income ranges, ages, and education levels have student loan debt, but this is particularly concentrated in certain groups. There are many other problems that debt causes such as depression, anxiety, etc. Because students/graduates are worried about how they will repay the debt, which can lead to mental health issues that can affect them permanently. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay First, a loan offered to students that is used to pay for education-related expenses, such as tuition fees, college room and board, or textbooks. Many of these loans are offered to students at a lower interest rate. In general, students are not required to repay these loans until the end of a certain period which usually begins after completing their studies. Students who are most likely to receive financial aid are those who have good high school grades and standardized aptitude test scores. Depending on who is working for their financial aid, someone will have the special requirements they need to meet their expectations in order to receive help. Which would later be paid according to their rules with interest or no interest or simply based on the help someone is receiving. Second, when high schoolers are at the beginning of the process of researching the possible college they will attend. One of the many things that high schools have to offer students is the ability to sign up for financial aid (student loans). While it's great if you get financial aid, many students are starting to realize, that loan will turn into debt and if they don't want to go into debt in the future they will most likely not want to attend college anymore as given the outcome of the financial aid, particularly low-income students as they do not want to be left with that burden. One source said that “a surprising number of low-income students – 850,000 a year, or 26%, according to the American Council on Education – do not require federal aid at all… these students are eligible for more grants than need-based study" plays a role, as does their tendency to attend low-cost institutions. But debt aversion can also play a role, especially when it explains the choice of a low-cost institution in the first place." Third, when it comes to student debt it's not just college graduates who remain in debt, but certain groups as well. An Urban Institute article on those with student loan debt states that “Twenty percent of U.S. adults age 20 and older who have student loan debt belong to a diverse group: young and.