The Greyson Scholars Foundation
The student debt crisis is out of control and has been for quite some time now. While education is an essential tool to success, the cost of tuition can and has had perverse effects on scholars for generations. There is a saying that goes, be the change that you want to see in the world. If there is something that you know the world needs, rather than waiting for it or living long enough to see others suffer, create a resolution to the problem yourself. It is my hope that no one else is affected by the perils of student loan debt. With all the issues that have been caused to students and families at the hands of loan providers, you would think that there would be more solutions to address this on-going problem. Financial literacy is of the utmost importance and can be seen as a preventative measure, but sometimes resources that appear to be helpful come with an irreversible expense. There are options for the aspiring college students that help with the cost of tuition. With proper preparation and planning you can avoid student loan debt altogether or at least put yourself in a favorable position to have your debt resolved within a reasonable time frame. If you are fortunate enough to find yourself in situation where you are awarded scholarships and or given grants to help fund your college experience, count your blessings.
However, what about the students who were not afforded that luxury and had to take out a few loans to leverage an education because their family couldn’t afford tuition? There are plenty of options for student applying to colleges and current attendees, but what about the graduates who are suffering from insurmountable debt that have no way of repaying? When a business realizes that it is in over its head, the owner can file for bankruptcy and will be given a chance to start anew. There is even potential for that business to be blessed with a bail out in many different ways. In short, everyone has options. Unfortunately, college graduates do not. Besides the hope that the scholar attains a very well-paying job, the high interest rates of lenders make repayment virtually impossible especially considering the careers some graduates earn their degree for. Some might even say that it is the student’s fault for putting themselves in that predicament. To do so would be both insensitive and irresponsible. For generations, students have been sold on the dream that going to college will earn you a million dollars more over your lifetime. On the flipside, students have not been told, with that additional earning potential you could possibly find yourself in debt for the rest of your life. Student loan debt has been considered positive debt for decades, but the negative impacts of that debt is often not highlighted for the aspiring higher education goers.
The Greyson Scholars Foundation will assist college graduates with alleviating their debts by issuing relief and or providing grants to minimize payments or absolve them altogether. With philanthropic contributions, donations, and other assisted means, funds will be allocated to students and families who display indue hardship. The program will also support and be of service to those in dire need of aid due to the financial constraints caused by unreasonable minimum loan payment options and or anyone who has been impacted by delinquent accounts in spite of.
