Friday, September 21, 2018
Solving the Problem
The opportunity that I am choosing to explore deeper is the fact that college students all across America are graduating college with more student debt than ever before, and while this is partly due to the incremental increase in tuition each year, it is in large part due to the lack of education regarding the details and process of taking out student loans. Given this information, the service that I plan on providing is an advising service for parents, students, and education systems like high schools and prep schools of the student loan process, the various options when it comes to paying for college, and the overall affect it will have on each students' lives. This will be drastically different than financial aid services at colleges and universities, because one of my main goals will be to catch the students before they enter college so they have a solid foundation of what exactly they are getting themselves into, as well as this service will fully educate these parents and students of the details of the federal loans that I feel is not given through financial aid services. My target audience will obviously be students, their parents, and various high schools and colleges that could benefit from this advising.
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Hey Brandon. I think a product like this would thrive. Students need to know exactly what they're paying for and how it will effect them; I have a cousin who's suppose to pay his student loans for the next ten years from one year of graduate school. You explained the issue very well and set up how solution would solve it. I think a service like this would be very beneficial, especially with the different types of financial aid like Bright Futures and out of state tuition.
ReplyDeleteHey Brandon!
ReplyDeleteGreat post. I appreciate the time you took in this exercise. I think this proposed service is very useful to students who have a substantial amount of debt. An advising service before college would provide a lot of help as students entering college often blindly go into loans without really thinking about the ramifications. Education before the fact will surely prepare families in coming to college.