ipl-logo

Argumentative Essay-It's Time To End Student Loans

441 Words2 Pages

In today’s world most people recently graduated from high school believe that whatever scholarships don’t cover a student loan must be taken out to cover the cost of college. This is never true. Everyone who takes out a student loan later regrets it. They are designed to look like a good deal, but in reality they are made to put college kids into debt. In the end student loans are the reason most people drop out of college. By the end of college most students have racked up tens of thousands of dollars in student loan debt. All of which they are forced to pay back, and for someone fresh out of college that is extremely hard in most cases. In most fields it takes a few years to step into a career that is financially giving enough to pay off these loans. By that time most of the loans have expanded due to interest, and …show more content…

This is also a bad idea because of interest. What may seem like a small loan now probably has a very high interest rate, so what seemed like an investment that could easily be payed off turned into more debt. Student loans are the main reason people drop out of college. When someone drops out of college, most of the time it isn’t due to failing grades. It’s just because they can’t pay for college. After all the scholarship and grant money are used, most people in college are just kind of lost wondering how they’re going to pay for the next semester. And if they can’t figure it out in time then usually they default to student loans or just dropping out. In conclusion student loans are a terrible idea. They are tricky and usually lead to paying much more than intended. It is a decision many later regret in life. Anyone who has taken out a student loan will tell you it is a bad idea. So many take out a loan and end up not being able to pay for it, dropping out of college, and still having to pay off the debt. It is better to just avoid student loans and debt in

Show More
Related

  • Summary Of A Lifetime Of Student Debt Not Likely

    863 Words  | 4 Pages

    Debt can and will quickly add up, however if you are using it for the right reasons, you will prosper from the amount of money borrowed. The biggest concern that people have towards student-loan debt is that what it shows about the affordability of college educations. Students are afraid to go to college if they don’t have the money, because of they don’t want to be in debt from student loans. Loans are a real fear that college students try to avoid.

    Read More

  • Pros Of Student Loan Consolidation

    1506 Words  | 7 Pages

    It seems that more and more with the rising cost of education, that students have to rely on financing their education so that they can afford tuition every semester. This is no surprise as tuition has increased an average of 7% a year for the last couple of decades. Let's face it, college is just expensive. So unless we work 50 hours a week, or manage to get lots of scholarships and go to a cheap school, we're probably going to have to have some sort of student loan. Most of the time college students will get subsidized or unsubsidized Stafford loans.

    Read More

  • Stafford Loans Argumentative Essay

    501 Words  | 3 Pages

    These issues carry over into the most important part of the loan as well: the repayment. All Stafford Loans offer benefits such as no interest until graduation, fixed interest rates, flexible repayment plans, and loan deferments and forbearances, but just because a student graduates college does not guarantee that he or she will be able to find employment after graduation, and it also does not guarantee that his or her salary will be sufficient to repay the loans. Such is the case for one in eight borrowers who default in their loans within three years after graduation and suffer dire consequences. From ruined credit to diminished wages, life can be pretty difficult for a graduate who risked it all to strengthen his or her future and that of

    Read More

  • Persuasive Essay On College Financial Debt

    1848 Words  | 8 Pages

    Yes, students have the option to take out student loans but how far does that get them? Statistics show the increasing numbers of student debt and the struggles students go through. First let’s dive into the statistics. “The average federal student loan debt balance is $37,338 while the total average balance (including private

    Read More

  • Should College Athletes Be Paid Essay

    962 Words  | 4 Pages

    Most college students are already deep in debt before they finish school, as stated by the American Psychological Association, “College students in the United States graduate with an average of $29,200 in student loan debt. ”(American Psychological Association). College students accumulate just under $30,000 dollars in debt before their careers even begin, which means that they have to live frugally to meet the demands of their debt. Their struggles can get so bad that some college athletes report not having enough money to be able to travel home during the holidays or to pay for food (Compensation for College Athletes). College students put their health and well-being aside to work toward their futures.

    Read More

  • Reduce Student Debt Essay

    2065 Words  | 9 Pages

    Over the last few decade, the amount of change and rise of student loans increased significantly and with it increasing is a critical issue and it also increase the tension and stress it comes with because it affects the person mental health and wellbeing, it also puts tension on trying to manage to pay off the debt as soon as possible, and how it has become more of a critical issue to people through the decades but there also can be ways to minimize your student debt . Throughout the years the total number total of student has rised in the United States from 364 billion to 996 billion through 10 years (Andrew H.,2015), a big reason of why people decide that they need to get a student loan is to have enough funds to be able itself-deal with

    Read More

  • Student Debt Argumentative Essay

    901 Words  | 4 Pages

    Most of my friends who are currently in college have between 5000$-20.000$ in federal and private loans. In many cases, besides for the loans, students have to work and study at the same time, which results in a stressful life for the student. In fact, many students are not able to finish their education because, since they can’t afford it, they have to work over their studies. Out of all the possible reasons to drop out of college, “the No. 1 reason many young adults drop out of college is an inability to juggle school and work” (Johnson). Finishing college is the most decisive forecaster of prosperity in the workforce and the inconsistency in college completion between children of rich and poor families duplicated since the late 1980s (McGlynn 55).

    Read More

  • Arizona More Funding Essay

    1229 Words  | 5 Pages

    People say that barrowing the advances are generally not helping that students are barrowing excessively much. Student loans should give people aid, but are to great for the students to pay them off. Government grants and other aid often

    Read More

  • Argumentative Essay: Is College Really Worth It?

    595 Words  | 3 Pages

    The value of college debt is almost equivalent to developing a small business instead “a co-founder of PayPal, will pay each of the 24 winners of his fellowship $100,00 not to attend college for two years, and to develop business ideas instead” (Source E). If more than 24 people did that for themselves, they could make a good investment instead of a risky one towards college. Wanting a higher education means that, “Students today, are taking more debt, and recently tightened bankruptcy laws make it more difficult to shake that debt” (Source E). Therefore, making a useful investment, instead of a risky one can help get rid of debt quicker and

    Read More

  • Argumentative Essay: The Cost Of College

    771 Words  | 4 Pages

    The tuition and cost of college is detrimental to thousands of families across the country and brings student debt to future graduates. Some students have seen their debt climb over $30,000. Friedman writes, “The average student in the Class of 2016 has $37,172 in student loan debt…” (Friedman). With the debts being over the average income for single people households, college has transformed from a benefit to a burden. Young adults not only have to worry about their education but also paying for the next semester or years of college ahead of them.

    Read More

  • Student Loan Forgiveness

    1994 Words  | 8 Pages

    Loans allow receiving a college education seem like a smoother process considering that such a hefty amount to pay is divided so that it can be paid for in moderation. Despite the fact that it’s split into many payments, it’s still a large quantity all in all so unless indebted students aim for high income jobs, there would many years of difficulty to come after college. For this reason, undergraduates make it their goal to go after jobs which would prevent them from being constantly pressured to pay off debt. Thus, student debt is both a crisis and a reason to encourage persistence towards greater ambitions (Hillman, 41). It is a tremendous thing when a student seeks to be financially comfortable or even rich in the future but not when it is for the wrong reasons.

    Read More

  • The Pros And Cons Of Student Loans

    585 Words  | 3 Pages

    Student loans have always seem to be a controversial topic. Many people are in agreement and disagreement over the opportunity to student loans. Student loans can be a great advantage to many students, but it can also drown them in an immense debt, that will follow them for many years. The more we analyze this perspective, we are able to distinguish the advantages and disadvantages of student loans. There is a variety of perspectives on student loans, some involving annual salaries, interest rates, and commodity.

    Read More

  • Argumentative Essay On Student Loans

    378 Words  | 2 Pages

    Student loans can be helpful, but when it's time to pay back, it can lead to future mental struggles and be stressful and hold you back from living the life you want to live in the long run. The student loan debt crisis in now only taking a huge toll on the personal lives of many Americans, but on the economy as well. Whether or not students graduate or not, if they pulled out student loans worth $200,000 they remain in debt for a remainder of years. As the problem continues to grow it becomes more and more critical to find a solution to help the well being of everyone in the nation, student or

    Read More

  • Argumentative Essay: The Rising Cost Of College

    1265 Words  | 6 Pages

    Have you ever owed someone $20? Well, imagine owing someone $100,000+ . Many students every year are left in crippling debt that can affect them for the next few decades of their life. Because of the cost of college, many students fresh out of high school can’t go to college. In order to make it easier for the lower-class to go to college, you should do at least one of the following things.

    Read More

  • Argumentative Essay On Student Debt

    1437 Words  | 6 Pages

    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.

    Read More

More about Argumentative Essay-It's Time To End Student Loans

Open Document