The Credit Card Company Made Me Do It Analysis

In this day and age, it is assumed that the majority of high school graduates will be attending college, whether a two year community college or a four year college or university. The problem with this expectation of young people is that college is expensive, which is why numerous people are pushing towards free college for all, not just for the academically talented. While overall publicly funded college is unrealistic, this country could slowly overcome this issue of college debt by providing more two year community colleges across the nation with the tuition of these community colleges drastically reduced.

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. Williams mentions the opportunity

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.

"By making college unaffordable and student loans unbearable, we risk deterring our best and brightest from pursuing higher education and securing a good paying job" (Pocan, 2016). High school seniors advance into college with little income and no knowledge of managing large expenses. Although college incurs significant debt, it has positive lifelong benefits such as a better job, higher salary with benefits, and obtaining an opportunity for a fuller life.

Just how awful has the student loan strain become? Rhetoric of crisis influences the present popular discourse, while very few voices call for tranquil, noting the average number of student indebtedness is approximately equal to the cost of a new car. concealed by the aspect and attention captured headlines, though, it is a more embarrassing picture exposing that all classes and groups of students will not bear the increasing debt hardship equally: women, students of color, and Low-income household students are more greatly affected by this escalated debt. I have currently revealed the 30,000 dollars is the typical amount of debt that students will acquire after attending college for four years. Though the cost of college is increasing, a variety

According to Anya Kamenetz in the article “Generation Debt,” young people of today are struggling with high debt due to high educational finances and this is preventing them to move on as responsible adults. College tuitions are too high to pay that young people fall into applying for student loans, and have significant credit card debt with high balances. Most students are using their credit cards to pay for their college expenses and student loans; even their paychecks are being used to pay for college. I agree that many young people held back in becoming a full adult which they are doing everything they can just to continue their education. Even if it means to continue living at home with parents just to make ends meets and not being able to step in the “fully adulthood.” In other words they, are prolonging their adulthood just to be able to go to college and be able to fully

Columnist Scott Gilmore brings to light the operations of payday loan companies and the impact that they have on society. Although the payday loan companies seem to take advantage of the financially vulnerable members of society, perhaps the true fault lies within the education of society. A devastatingly large portion of society seeks out payday loans, and the results are appalling. As mentioned by Gilmore in the article, “[A correlation was found] between the number of payday lenders in a neighborhood and premature mortality”. This reveals a lot regarding the repercussions of seeking out loans that in turn create greater loans. The stress caused by financial troubles takes quite a toll on the human body and mind, and efforts need to be made

When people think about college student?s financial status, they often think they are going to be broke from student loans. What most people do think about when it comes to college students is credit card debt. And if people do think about it, the students are often blamed for the debt because many people still think they are you kids who are irresponsible when It came to money. In the article, ?The Credit Card Company Made Me Do It? ? The Credit Card Industry?s Role in Causing Student Debt, author, Carlos Macias, warns his audience that credit card companies will try anything and everything to get students to own a credit card from their company. Macias states that college students have a huge target on their back when it comes to credit

“The dream of a land in which life should be better and richer and fuller for every man, with opportunity for each according to his ability or achievement (Adams 1).” A 2002 study found that 17% of student loan borrowers reported their loans had a significant impact on their career plans.13 Today, after the economic downturn, ASA’s survey suggests that number has nearly doubled, as 30% of respondents said their student loan debt was a deciding factor or had considerable impact on their choice of career. In addition, 52% said they either strongly or somewhat agreed with the statement that their “need to pay student loan debt is hampering my ability to further my career.” One ASA survey respondent commented, “I need to have two jobs because of my student debt, and I cannot take employment opportunities that will not make enough money, regardless of the potential that they may have in the future (American student assistance 5).” Relates to definition because they need to have 2 jobs to be able to pay off student debt. Doesn’t let you go to work and then go back to your house you have to go to another job which is not part of American

Megan McArlde is a journalist and blogger who focuses most of her writing on things like finance, government policy, and economics. In her article “The College Bubble,” a magazine article published in Newsweek on September 17, 2012, McArlde writes about how the “Mythomania about college has turned getting a degree into an American neurosis” (1). She focuses a lot on the value of getting a college education, and makes an argument that all the time and money spent on earning a degree may not be worth it in the end. McArlde uses several strategies to appeal to her reader’s, and does a great job of effectively using the Logos, Pathos, and Ethos appeals throughout her article.

Media thrives on successfully manipulating the emotions of its audience; as a result, unordinary stories are brought to light far more often. Such is the case with the topic of student debt. Graduates shackled to large student debt years after their diploma have more coverage than those who are well in control of their repayments. Why would articles and newscasts on college graduates routinely handling their repayments with generate return customers? Accounts of those deeply in debt induces sympathy and stirs up anger in their audiences, and with the repetitive exposure to similar situations presented by the media, student-loans are commonly viewed as money leeches overtaking American

Majority of people now a days live to tell their rags to riches story of how they’ve acquired if not all a great deal of what they own due to their individual hard work. Once a young adult is enrolled in college they consume a massive amount of responsibility and gain their own sense of independence if they didn’t already have a strong sense of the concept. “Students today aren’t lazy”, Dunn said. “But if you look at what tuition is now and what the minimum wage is now, it’s not possible given that they’re up against” (President John Dunn of Western Michigan University). This is the exact point that author Svati Kirsten Narula is making when she makes use of an effective level of rhetoric’s in order to convince readers that the task of putting

a similar group in 2010, found more college correlated with less dementia” (Belluck). This shows that college can have a beneficial impact for mental health. By going to college, a person is less likely to live an unhealthy lifestyle, and may keep their cognitive health for longer.

James D. Scurlock produced a film, Maxed Out Debt,in 2006. It is a documentary. In this film Scurlock analyzes the monstrous training that credit card companies utilize to obtain enormous earnings diminishing customers financial lives. There are multiple interviews, giving insight on different situations, how consumer-lending companies can be negative in other people's lives.

Student loan debt loads have been spiraling, doubling over the last decade, and the enrollment rates of young people from lower socio-economic groups are rising far slower than middle and upper groups. Governments must recognize the renewed public investment in post secondary education is an economic and social imperative. 6.7 million borrowers in repayment mode are delinquent (Snider 1). The sad fact is that many lenders aren't exactly incentivized to work with borrowers. Unlike all other forms of debt, student loans can't be discharged in bankruptcy. Forgiveness programs can be lifesavers for borrowers drowning in student loan debt (Snider 1). However, jobs for recent grads are harder to find and salaries are lower, but that won't last forever; in spite of all of this, the data make clear that getting a college education is still a good idea. College graduates earn more and are more likely to have a job in the first place, and is especially important for some Americans (Webley 2). According to the Bureau of Labor Statistics in 2010, the unemployment rate was 9.2 percent for those with only some college and more than 10 percent for those with just a high school degree, but it was 5.4 percent