WONDERING what to do next after high school? Then apply for college student loans. When President Bush introduced to Congress an economic stimulus package which gives tax breaks to American citizens as well as allowing jumbo loans for subprime mortgages, student loans are also included as well. President Bush has perceived that with more and more students graduating from high school in the United States nowadays, a nation with lots of college students can lead to a very successful economy. So the base for qualified student loan borrowers is now being expanded to include those who are not so indigent yet can barely finance one’s child to college. Also included are sons and daughters of people who have credit problems. Another key element in President Bush’s economic stimulus package is to increase the ceiling of maximum student loans that one can avail through both the federal government and providers such as Sallie Mae.

That is why more and more high school graduates by 2008 are expected to enroll in college. And this phenomenon is not just exclusive to public schools. With the introduction of the No Child Left behind Act in 2002, private educational institutions across the United States such as the Waldorf, Jesuit and Montessori systems have banded together and have pooled resources to establish their own student loan schemes. This success is proven with the 97 percent of the 23 million Catholic high school graduates in 2007 that were successfully enrolled in the tertiary system.

With the new policy of Sallie Mae for incoming college student loans to incur jumbo loans, there is no more hassle to apply to another loan provider and circumnavigate your way into a loan consolidation scheme. It’s like running in circles and it will just make your loan record database a clutter. But if you want to borrow so-called jumbo student loans, make sure that you can pay this right after graduation so you won’t have a big headache in incurring a 30-year obligation. Yet there are also a few ingenious ways on how to forgive all your student loans. If you are doing community service in your area for example, there is a great possibility that some percentage of your student loans is forgiven.

Right now, I’m a graduating student at Redeemer Catholic High School here in Washington, DC and I’m interested to pursue ophthalmology at Johns Hopkins in nearby Maryland. My parents are mere employees of a trucking company in the DC area and they can afford to send me only to a community college. However, I’m aiming high. With President Bush’s economic stimulus package through a higher ceiling in student loans, it is one way of becoming my dream come true. I know that once I’ve graduated in ophthalmology from a reputable institution such as Johns Hopkins, I’ll be having a very successful career and I can pay the student loan in definitely no time at all.