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.
This wasn’t always the case; back in the 1980’s tuition was much more affordable and could be paid off fairly quickly without having to take out a student loan (Kay 36). In addition those who did take loans were able to find good jobs and pay them off quickly (Kay 36).One must also take into account that college didn’t pay for luxuries such as swimming pools, high class weight rooms, and arcade (Kay 39). Kay also states “The current prices of tuition are approaching the average American’s annual salary” (Kay
This can improve their employment potential as more jobs continue to require postsecondary education. A research report from Georgetown University said “By 2020, 65 percent of all jobs in the economy will require postsecondary education and training beyond high school (citation).” Even the relatively low cost of community college can discourage potential students who are devoid of time and money. Unfortunately, many prospective students cannot receive financial aid despite being too poor to attend
As a child all throughout our life we are told that going to college will guarantee us a successful future. By successful many people mean that your secured a job after graduating and you will not have to struggle in life as much as people who didn’t go to college. But what if actually going to college may not guarantee you a successful future? Many college students after graduating are unemployed. Also, going to college can be a very expensive cost.
Parents and teachers in highschool make it seem like the only way to get a good job and make a living is to go to college and get a degree. In the past this might have been true and that the only way to have a solid future. College education is not worth the cost because it can be vastly expensive, create a large amount of debt, and leave the person unprepared for the job. College today can create lots of debt for the student even years after they graduate from college. Although people may argue that a person can take care of the debt faster the person may not have the ability to do so.
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.
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. After reading Williams essay I have came to the conclusion that college is all about money.
Recent studies on adults who didn’t attend college show that ”Two-thirds of those who do not end up enrolling college believed during high school that college was in their futures, but realities like the high price of college often impeded this goal”(Rebecca Klein). In other words tuition costs, low GPAs, and the fear of college being to difficult, petrifies high school seniors into not even applying for colleges. Therefore colleges would benefit those scared to apply by lowering tuition costs and/or lowering standards. Regardless of your excuses to not go to college, you should want to better yourself and in doing that find college alternatives. In order to have a higher paying job, have your dream career, and have more job opportunities ,you should attend a college that you would benefit from.
If students used the student loan money wisely they would not be in so much debt as well as not having to take so much out and paying so much back in the long run. For example, if you receive your loan and are spending it on luxuries items all the time it’s only going to hurt you because you will end up having to pay back more than what you should have had to in the first place. Many young college attenders face this situation because they have no past experiences with handling money more responsibly. Learning to budget their money more has helped graduates successfully.As many stress of the inflation of college we all learn to live with it. Even though tuition is increasing we all attend college at the highest price.
This is unlikely though when it comes to college and money doesn't allow you to work hard, because your no longer in an environment where this is found. All colleges price differently, most likely the smarter you are, you will go too a more advanced college, which usually has a higher tuition and vise versa. Although at all colleges Community or University you are with a professor, that is knowledgeable, and at the end of the day if you are where you feel is good for you, any college is great. What's unfortunate about this is money stops all this, if you don't have the money, they don't want you, and this is a problem all over. Some say that community college is better fit for them than a university, but yet again you come to the problem of