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Erin Kubo John Kubler English 114A 11 November 2013 Annotated Bibliography College students today have a huge problem of how they are going to pay for school. A lot of people would like to point fingers and put the blame on somebody else for the more than 1 trillion dollar student loan debt. It is important to discuss the reasons for how many students ended up in such a mess. Nevertheless, there is still an even bigger issue that needs to be discussed and that is the discussion on how the repay all these student loans when they dont have the money to do so. This topic needs to be well noted because just recently Obama just passed a student loan reform bill just this year. If it should take the concern of our government then we should as college students as well. For my essay I would like to answer these questions: Who or what is the blame for this debt crisis? What is the best step to be taken to solving this problem? I believe that the students, loaners and the government all contributed to this crisis and are all equally at fault. The best possible solution that might solve this problem is that students should be more educated on student loans to become more responsible and for the students who are irresponsible there is less to worry about because President Obama just recently passed an income based repayment program that will make ensure loans are affordable.

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Sources
"Ensuring That Student Loans Are Affordable." (n.d.) Web. 12 Nov. 2013. <http://www.whitehouse.gov/issues/education/higher-education/ensuring-that-student-loans are-affordable>. This is a write up posted on the White House website on how they plan to make student loans more affordable. They recently just passed a bill that allows students to take part in an Income-based repayment plan for their student loans. I plan to use this as a solution for the student debt crisis. This makes more options for students if they cant pay back their loans in the future. Lederman, Doug. "'Deceptive Practices' in Loan Industry." (n.d.) 16 Mar. 2007. Web. 12 Nov. 2013. <http://www.insidehighered.com/news/2007/03/16/cuomo>. This article was written about how in New York their attorney investigated and discovered deceptive practices from banks and other student loan providers. Their corruption even went far enough to where these lenders made alliances with higher education institutions. I plan to use this as evidence against a naysayer that students are irresponsible and should take full responsibility for their actions. This article proves that the odds of getting a fair loan was minimal because of all the deceit that went on behind students backs Salam, Reihan. "About Archive E-Mail RSS Guest Post by Alex Holt: The Downsides of Oregons Pay It Forward Plan." (n.d.) 26 July 2013. Web. 12 Nov. 2013. <http://www.nationalreview.com/agenda/354532/guest-post-alex-holt-downsides-oregons-payit-forward-plan-reihan-salam>.

Kubo3 This article talks about how the Oregons Pay It Forward Plan might not actually be equal when it comes to payments. It brings up points that this plan wasnt really thought through because students who have a higher income will have to pay more than other lower income participants in the program. I plan to use this as evidence that other programs are not as great as the one the government just passed. The Oregon plan and the bill the government just passed are very similar but the government one is more planned out. White, Martha C. "Oregon's 'Pay It Forward' Program: Imagine College with No Tuition, No Loans, No Debt." (n.d.) Time. 17 July 2013. Web. 12 Nov. 2013. <http://business.time.com/2013/07/17/oregons-pay-it-forward-program-imagine-college-withno-tuition-no-loans-no-debt/>. This article describes the plan on how Oregon plans on solving the student loan practice. This pilot program is supposedly going to allow students to attend state colleges in Oregon tuition-free. I plan on using this as a naysayer for saying that this is a program that is helpful. I am going to show that this a good idea but not the best by pointing out problems with it later in the article House of Cards: America's Mortgage Meltdown. Perf. David Faber. CNBC, 2009. Hulu. 12 Feb. 2009. Web. 12 Nov. 2013. <http://www.hulu.com/watch/59026>.

This video talks about how the mortgage crisis came to be. It gives the viewpoint from the buyer, the lenders, the investors, and the Federal Reserve. I plan on using this as an example on how the lenders make it so easy to get lend out loans to ignorant irresponsible buyers, so they can take advantage of them to make a profit. I will use this as a reason for how students are not aware of what they are borrowing because lenders just make it seem easy to pay back.