Student Loan Debt Crisis Research Paper Example | Topics and Well Written Essays - 2750 words

Student Loan Debt Crisis - Research Paper Example In such a situation the rise in cost of essential items such as gasoline, electricity negatively impacts the quality of their studies. For the greater majority of students, borrowing money from banks has become a necessity to fund for their college and university education. On average, students now graduate with at least $21,000 in debt and in fact in some extreme circumstances students graduate with $100,000 in debt or more. Tuition fees at private colleges and universities have gone up tremendously - far ahead of inflation. Parents are losing jobs or their salaries are reduced as a result of the economic crisis. Thus the amount that parents can contribute towards their children's education is decreasing. This means that a greater number of students are dependent on loans for their college and university education. Every student who is currently attending or applying to college currently is horrified by what is going on in the financial markets. Things such as bonds for student loans are affected as a result. The economic crisis that has affected USA and the rest of the world has left many the going tough for many. Whether people have lost homes, investments, or confidence in the government the crisis has had an effect on everyone, including students. (Daly, 2010) The various literature highlighting the impact of the rising cost of living and on factors such as the obtainment of student loans and gasoline prices in particular provide a strong enticement for the need to study the effects of these things on the college and university students. There will be a direct impact on student borrowings that will most likely be affected by the current financial crisis. Private student loans are likely to be the most affected as the economic crisis will most likely have an impact on loans that are not guaranteed and subsidized. Private nonguaranteed lending may drop by half or more as previously available sources of capital will dry up and disappear. This drop-off will have a tremendous impact on students in higher-priced private institutions and for-profit trade schools, were in recent times a large number of parents and students have come to depend on private loans to make up for the discrepancy in federal loan limits and higher prices charged at these institutions. The average fee per year at private nonprofit institutions is about $25,000 per year. The total cost of attendance inclusive of charges for accommodation and meals come to about $35,000.As a result of the economic crisis most firms are cutting back on full-time employe es and interns to save money. So a job is hard to come by after completing their education. As a result repayment of the loan is difficult. The student loan system is governed by a process called securitization. For example if a certain bank loans money to thousand students, the lender takes these thousand loans, puts them together in a trust, and sells shares of that trust to investors. The investment is encouraged by the promise of income received when the students repay their loans. The investors are pretty certain that this income will be steady and the lender is benefitted because it gets back the principle balance on the student loans

A New Tunnel under the Thames Essay Example | Topics and Well Written Essays - 1500 words

A New Tunnel under the Thames - Essay Example 7. Include a set of drawings of your proposed tunnel, including a. a detailed cross section, b. a long section c. a map showing your suggested new road layout and d. a map indicating remedial works to minimise the impact of the extra traffic on the surrounding areas. 8. The site designated for the northern access (between Galleons Reach DLR and the river) is currently a brown field site with possible contamination, which includes an infestation of Japanese knotweed and some fly-tipping which may contain asbestos. Explain the procedures needed to bring the site into a condition suitable for construction. A new Tunnel under the Thames Introduction A tunnel is a subversive vessel, entirely covered a part from openings for entrance and exit, usually from both ends. A tunnel can be constructed for foot passage, rail, vehicle traffic, or a canal. The new Thames river crossing will allow closing of the Wool Wish Ferry. The bridge will relieve congestion for people living adjacent to Blackwa ll. This marks the location of Thames Gateway Road Bridge that was scrapped by the mayor in 2008, following the rejection of the plan by the Inspector at a Planning Inquiry. The tunnel, which will run from Greenwich Peninsula to the royal Docks, is expected to have a capacity of up to 2400 cars per hour in each route. While the link is very much worthy and will perhaps help reduce the severe overcrowding in the city, it will tamper with Blackwall Tunnel, making the suggestion for a Gallions Rach ferry a laughable alternative for the Thames Gateway Bridge. In addition, it raises questions with regards to the future of the current Woolwich Ferry. Supporters of environmentalists are likely to criticize the scheme of the tunnel, alleging that it would bring problems to people of London by creating more traffic, noise and more pollution. Furthermore, if the leaders in this region want to make London one of the world’s greenest capitals, their policies should be much focused (Irsha d, Wagner & Mussger, 2003). Since the era when Brunel made the first Thames tunnel, which was called Rotherhithe Tunnel, the tunnel construction has undergone great breakthrough, especially between 1825 and 1842. Tunnel constructions during these times were done through a rectangular safeguard with a miner revealing the face. The dimensions of the shield were 29ft high and 33ft wide, with brick coating after the miners and an arch brick being constructed. Nonetheless, tunneling will remain a risky activity since the conditions can never be certain, regardless of the number of boreholes that are taken. Furthermore, it is not uncommon to find tunneling gaining more prominence in the next few decades. The proposed Thames Tunnel will occupy a distance of 25 kilometers from west London. It will be 67 meters below the ground and will widely follow the direction of Thames River. According to the environment agency, this tunnel will link 34 of the most contaminated sewer outflows (Munfah 20 03). CDM requirements CDM regulations background Areas where CDM is applicable and those areas where it is not applicable General health and safety practices and laws Recognition of accident prevention, causation and prevention. Risk management practices Control procedures and reviewing and monitoring requirements Roles of different professional Land/engineering survey Land surveyors establish and give recommendations on the