Preparing for the future will show them how to become more independent. Many may say that students should drop out because college is costly. Students should not drop out of college because it is the way to get a successful career, have economic stability, and preparation for the
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.
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
When people pay for college they find it really hard to pay off things like bills and debt. College is expensive, and the costs keep getting higher and more impossible to pay things every year. (The value of education, 42). Lastly, Every year, students find it hard to pay a lot of important needs when also paying for college. When people pay things like this they can’t afford it, they can’t buy other things, and they most likely can’t do what they want to
The average family cannot afford the average four year cost of a college student because the cost of tuition is too high, housing and meal plans are too extreme, and students struggle keeping their workload (from school and jobs) while athletes are normally forbidden to have jobs. Tuition is the main cost of student debt. Tuition is how much the school’s education cost for a full time student. The only problems with tuition is that it is way too much and changes between public and private schools. A good
In today’s society, many students will go on to receive a higher education after high school, but is the cost of having a higher education worth it? In 2017, the average college graduate accumulated more than 34,000 dollars in student debt (Dickler). ADD. Student loan debt creates early financial difficulties for young adults, leading to many mental and physical issues from stress and overall hurts the economy. With the weight of student debt on a person’s shoulder, they are less likely to be financially successful in the future.
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.
Student loans pose as a suitable way out of this issue as it provides a pathway for those of lower- or middle-class to pursue further education; however, this puts the individual in serious financial debt. The author effectively suggests that since the individuals who choose to pursue higher education will ultimately use that knowledge to help their society then society should realize the value of education and fund any associated costs. Everyone should have fair financial access to post-secondary education so that it is not deemed a “luxury good”. All individuals ultimately have the same cognitive competencies therefore one individual should not be restricted to certain “lower class” profession solely due to financial
College provides students with opportunities for higher paying jobs which can be extremely helpful. Recent studies show that “Not going to college will cost you about half a million dollars” (Leonhardt). Of course not going to college will eliminate debt, but it limits student’s available opportunities. College graduates end up finding higher paying jobs after graduations which ends up helping them earn more money overall. This pays debt faster and allows them to use the rest of their earnings on other things to satisfy their wants and luxuries.
Almost every college has a high percentage of students who after leaving college are in deep debt. Most students have to take out student loans. College is not worth the cost because it leaves many students in debt and bad wages after college, and doesn't give them hands on training, and four years of college isn’t needed. A