Having extended the record of Chinese astronauts'
The Shenzhou 12 return module separated from the orbiting module at 12:43 pm on Friday, then
2 . College debt is becoming as much of a problem for Americans close to retirement as it is for new graduates. There are now about 8. 7 million Americans aged over 50 who are still paying off college loans. They took out either to pay for an education for their children or themselves. Their debt is growing fast, increasing by about half since 2017 to a total of $ 370 billion — an average of $ 40,900 per borrower. In2019, roughly $4.9 billion was deducted(扣除) right from retirees' Social Security income.
Part of the blame falls on the federally backed PLUS program, said Tara Siegel Bernard in The New York Times. "Parent PLUS loans", which have few application requirements other than a basic credit check, have broadened access to capital for many parents. But the "loans can be unforgiving". William and Kate Schweizer "didn't want their two daughters to begin their adult lives burdened with college debt". So they borrowed $220,000 for their schooling. Increasingly they had trouble paying. Now their debt has ballooned to $500,000. The consequences of defaulting(拖欠 ) are serious: "The government can take their wages and Social Security."
Unfortunately, President Biden's $6 trillion budget doesn't offer much assistance, said Eric Levitz in NYMag. com. During his campaign, "Biden called for forgiving $10, 000 in federal student loan debt for every borrower" among other ways to ease the college debt burden. But the chances of passing such measures through Congress are slim.
Don't bankrupt yourself for your kids, said Beth Akers in USA Today. The safer option to pay for college is "a student loan taken out in your child's name". A federal student loan — not a private one — can protect borrowers through income-driven repayment programs. There is also a better chance that a loan forgiveness program could materialize to help out student borrowers. And remember that "if you overextend yourself financially to make a college dream come true for your child, you are taking away your ability to be your child's financial backstop."
1. How does the author illustrate his point in Paragraph 1?A.By listing statistics. | B.By giving examples. |
C.By making comparisons. | D.By using quotes. |
A.They have demanding requirements. |
B.They can trap parents in financial crises. |
C.They are not enough to cover college costs. |
D.They set limits on how much one can borrow. |
A.It is flexible. | B.It is tight. | C.It is beneficial. | D.It is impractical. |
A.Americans Are Burdened by College Debt |
B.Student Loans: A Stepping Stone to College |
C.Lessons in Finance Help Repay Student Loans |
D.Debt: College Costs Swallow Retirement Nest Eggs |