Argumentative Essay On Student Loans

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.

With student loan debt on the rise across the United States of America, measures must be taken to address the issue of millions of Americans facing tens of thousands of dollars in debt immediately after finishing college. According to Robert Applebaum, a man that began a petition for the United States federal government to offer a one time deal of forgiving all student loans, to forgive these loans is a necessity and may prove to boost the economy. In Kayla Webley’s “Is Forgiving Student Loan Debt a Good Idea?”, the journalist and correspondent for Times magazine takes a long hard look at Applebaum’s proposal and just how forgiving the student loan debt is likely to play out. Throughout her article, Webley dissects the argument for forgiving

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.

“Generation Debt” by Alethea Spiridon is an argumentative essay that outlines the harsh reality of student loans. The author examines the consequences of student loans as well the reasons higher education should not come as an expense to the individual pursuing it. In the current job market a post-secondary degree is a prerequisite for almost any profession and the sad reality is that this costly degree is not a guarantee of future wealth. The author effectively explains why treating education like a luxury good can impoverish everyone, and outlines ways student debt can burden graduates’ lives. However, she fails to examine the reasons student loans can be advantageous, and this is problematic because there are several missing benefits including manageable reimbursement options, lower interest rates, as well as student friendly terms and conditions when compared to a standard loan.

In the article “Debt Education: Bad for the Young, Bad for America”, Jeffrey J. Williams explains the damage student debt causes past and present college students. Williams argued that more than half of the college students and their families are in debt from having to make such large payments toward the rising costs of colleges. Though, Williams also states a higher degree or education will lead to a high income and all around better jobs, the risk of being unemployed after college is too great. This is considered to be good for individuals, as it will maximize their economic potential. It is also good for society as a whole as people are getting better education, and rising to greater expectations in the world.

Joseph 1 Tre Joseph 1302 Professor Jenkins 10/12/15 New York attorney Robert Applebaum’s and economist Justin Wolfers essay's debate on student loan debt applebaum’s "Debate on Student Loan Debt Doesn’t Go Far Enough”, attests that the U.S. has a financial crisis’ on it's hands and that, unless the U.S waives the present student debt(over $1 trillion) the economy will nose dive. Applebaum writes an over-passionate and panicked paper. Applebaum’s essay is absent of sensible logic, practical validity and is riddled with unreasoned assumptions. Justin Wolfer's "Forgive Student Loans? Worst Idea Ever", argues that forgiving student debt would only contribute to a financial crisis.

Student debt is the nightmare that many people live with on a daily basis. It is nearly ironic how people use education as a potential ticket that hopefully will bring financial stability, along with many other things, in the future; yet, people are graduating with high amounts of student debt under their name that take years to repay. Now that the nation’s student loan debt have surpassed 1.4 trillion dollars, policy-makers are extremely concerned. From 2008 to 2012, there was a .2 million increase of students graduating with debt, meaning that ever since, there are more than 1.3 million people with student debt (Student Loan Hero). I think that student loan debt is a problem in the United States.

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.

Author, Sandy Baum writes about how student debt affects individuals in the book Student Debt: Rhetoric and Realities of Higher Education Financing. “It seems quite clear that student debt has generated serious harm to some individuals” (Baum 70). In stating this, most people do not want to go to school because they believe

The student loan issues are causing huge problems on both students and society it seems clear enough that students are borrowing a lot of student debt, and they are failing on that debt and aren’t capable of paying it back and that is destroying their ability and threatening their ability to access any more credit in the future. The approaches students are taking to a student loan debt collection are fraught with many problems, including bad recovery tactics and failing on making repayments on the debt. There is no escaping the fact that the cost of college tuition is on the rise and it’s not declining, and that is making it more difficult for students to obtain a degree which is really important to acquire to be able to function in today’s

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

The student debt crisis has remained static for many years, and our future relies on the young people, like myself, to find solutions to our problems in education

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.

Many people dream of a life filled with riches, but that dream is hard to obtain without a college degree. It is somewhat ironic how people dream of being a successful student and going to college but the cost of tuition turns that dream into a horrible nightmare. It is not a shock to most people when they that college tuition is expensive, but in the past few years it has increased to an all-time high. Lower and middle class students have now begun to realize that college tuition is holding them away from their dreams. Even though college tuition could provide opportunities for job creation and economic growth, tuition is not affordable for the average American household which in effect, prohibits students from taking opportunities like going to college in the first place.

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.