Society often believes college is a necessary experience for a better future, but I argue that the future will not be any better when student debt becomes a part of life for those who follow that mainstream belief. Most parents often dream of the great colleges and universities that their children will get accepted into; however, they fail to think of the cost to attend those institutions. Financial aids! Financial aids! Yes there are financial aids that students can apply to lessen the student debt. Yet the amounts of financial aid they receive are generally never enough for most students, and they continue to carry the debt for most of their miserable life. The ideal adult working life that most people desire is probably the one where they work hard to …show more content…
Student debt is one of the biggest issues that people are struggling with. Especially for those graduates whose major does not guarantee a stable job due to the limited amount of job positions, such as art history and music majors, many of them end up being a freelancer because job unavailability. Governments often encourage the citizens to spend more and help improve the economy, but how could the citizens help when they don’t have the spending power due to the heavy student debt that they are carrying. A good way to improve the economy is by solving the issue of student debt. With the help of the “Organ for Ed” program, both the job seeking and economic problems would dissolve at once. Students would choose their major more carefully since they are paying for their education with part of themselves literally. Also, without the student debt looking at the graduates behind their backs, they can spend more with less pressure; the more they spend, the better the economy will be. Without doubt, the “Organ for Ed” program is one of the finest solutions to kill two birds with one
Colleges would have a decrease in their dropout rate and potentially have students become teachers who could then teach at a college level. 2. Colleges will benefit from the federal government and taxes assisting with the cost of campuses and teacher funding. The higher the success rate for students and the more funding coming in, teachers could eventually get higher pay and the colleges themselves to higher more staffing which once again would be giving back to the campus. 3.
According to the last recording of student loan debt, the total amount of the United States student loan debt is roughly one and a half trillion dollars (A look at…). Statistics like these present the urgent need to resolve the major financial issue of student loan debt. Solutions have been given by many people to solve this issue but most solutions fail. The main reason behind student loan debt is falling to far into debt to the point where it is almost impossible to come back. The origin behind all of this is a lack of a student loan amount cap.
College Debt: Myth or Not? Many people have stated that student loan is a crisis. Because of this being stated, there are many high school graduates who cringe at the fact of going to college. The rumors of debt have led to many changing their minds about college. One should not change their mind due to the debt myths because in the outcome they will earn more money from their higher paying jobs.
According to The Institute of “College Access and Success”, in 2012 approximately 71% of all students graduating from four-year colleges suffered student loan debts, with the average debt being around 30,000 dollars and in worse case scenarios in the 6 figure range. As a result of student loans, nearly 48 percent of young adults coming out of college feel as if the American Dream is impossible to attain. They feel as if they have an unequal or nonexistent opportunity to achieve financial stability and prosperity as the loans swallow them up before they are even able to pursue a career. Economic prosperity is something that every individual worries about, in result, constant economic struggles within the
A college’s main sours of revenue in tuition money which as previously stated, is four hundred percent more expensive than twenty years ago. People who are seeking the traditional path into the work force are forced to pay these crazy high prices and are enticed by a pretty residential life and the thought of new found independents. The reality of student debt have not set in yet. Student debt is at an all-time high with an average of 29,000 dollars per student. Because of the tradition of going to school and the amazing residential lives, it can be easy to recognize the severity of the situation you are putting yourself in.
However, even after deciding to go to college with the assistance of scholarships and financial aid, the overwhelming amount of student loan debt that one accumulates throughout his or her four years of college follows them throughout adulthood. The fact that student loan debt accumulates the biggest source of debt for most people is prevalent (Federal Reserve). Because of this massive socioeconomic obstacle in between high school graduates and college education, many young people cease their education after high
However, when having a job may help with college debt it is also important to recognize that it does not help entirely when work starts to become more of a priority over school. As well as, young students may not be able to acquire a good grasp of how too take care of money properly and to evenly spread finances across all needs and wants. And secondly as another alternative solution could be starting out slowly and going to a community college so that college debt can be slow and that it will be more bearable to handle when going to university if that is a choice to pursue even further for a student’s education. In the article, ‘Paying for College Without Loans, Scholarships, or Looting Your Parents Retirement” it writes, “We’ve seen something of a devaluation of a bachelor’s degree in the job market.” (Steinberg
You have chose all three interesting topics for your argumentative research papers. The topic that interested me most, is the one about college tuition. I, too, think that college tuition should be lowered. As a student in college, we all know how expensive the tuition could be. I know that you are not going to write about about college tuition in your draft and final argumentative research essay.
The total U.S. student loan debt now surpasses $1.2 trillion and there is more than 40 million recipients owing on federal and private student loans (Malone). Most of the college students in the United States can’t afford their education by themselves and, as a result, students end up drowning in student loans in order to earn a degree. Student debt is a major problem in the US, and it is a major influence on the gap between rich and poor. A more accessible college education would help reduce the gap between rich and poor in the United States.
According to the article, around 60% of american undergruduates are under debts which indicates that most of college students can hardly afford college tuituion nowadays. If universities continue to increase tuition with a high rates, it might cause more students cannot afford a college degree. Author points out that accessability to student loan is one of the reason which caused dramatic rise in tuition. Therefore, author thinks that Congress should regulate college and spend more on educations. The source is new and creditable.
So many successful adults till this day are paying back their college debts. Over the years, some are able to pay back their debts in college and others are not able to and are still struggling, due to having to pay other debts that they may have. In some cases, some people drop out of college just so they will not have to owe so much money, but to drop out for that reason is not good. There are several of ways to stay away from college debt and that is getting scholarships, saving money before going into college, and also attending a community college instead of jumping to a university. College debt is a large amount of money that a college student will have to pay back within a certain amount of years after graduating.
And in between, students are driven to take low paying and high paying jobs against their own consent, their interests are altered, personal decisions must be taken according to financial situations, and people dare to reject education (Choi, 32). Student loan debt weighs on billions of shoulders in the world and it is nearly impossible to be oblivious to all the harm that it has done and all the factors it takes part in affecting that it shouldn’t. If awareness could be raised and colleges would only consider to at least reduce tuition rather than eliminate it, that would still help do the nation well and commence improvement. An education must serve to inspire imagination and to motivate creativity in as many fields as possible. A society that is excellent is a society that presents opportunities for each and every member.
Debt is important to the United States In “The pedagogy of Debt” Jeffery Williams discusses the harsh realities college students face after graduation. He talks about how even after 15 years of being out of grad school he still is currently paying back his debts. Not only is he paying back his schooling debts, but also his daughters current tuition. Debt is something we all face if we decide to expand our knowledge after high school by attending college.
With many different situations occurring within the college, our emphasizes will be towards student loans that cause students to become helpless when faced with massive debts. As debts accumulate during and after graduation, having loans can be detrimental to one’s well-being. As a leading cause to many student debts, colleges expect students to carry a vast amount of cash to pay for tuition. Despite these claims, students do not even have the proper living standards to afford school and paying off rents. From this information, we would like college students to reflect on relying on student loans for college.
Since college tuitions have inflated so much, it is not uncommon for student to ask for a loan to pay college. Consequently, the average student loan from public colleges is 25,550, this number is among the 66 percent of students who have a loan. In private university, the number just increases, 75 percent of students require a loan and the average loan debt is of 32,300 (U.S. Student Loan Debt). We all know how important is to get a college degree, but what we don’t know is how our student debt is going to affect us after we graduate. Unfortunately, when students ask for a loan, they do not have strategies to repay that debt, it is not their fault, but schools’ fault that have not taught financial literacy in their schools.