ipl-logo

Essay On Student Debt

1169 Words5 Pages

The Problem with Student Debt
Students have enough trouble trying to get into college because of the cost of tuition. The rise of student debt is increasing and there are many people who are concerned with the rising percentage. Student debt comes from the loans that are being handed out in the wrong way. Student debt is taking a toll on people in their future. Some people believe that if the household income is not where the requirements should be that students should not be able to take out a loan. Others believe that household income should not determine how much a student can take out.
The first discussion topic is that people think the amount of money that comes in a student’s household should determine how much they receive in their …show more content…

One of their reasons is because using a student’s household income to determine how much they can get can stop a smart student from going to a college of their choice. There could be a smart student who has a low income that really wonts to go to college cannot afford it and when they go take a loan they would not the right amount because of an income that is not their fault. The second reason is that someone could have a backup payment plan on paying the loans back and taking out a huge loan could not be a big deal. The amount of income that a family gets doesn’t determined how much they could make from their job. They could take out a loan and could have a payment plan to take money from their work check and pay the loan back monthly. The third reason people think loans should not be based off income is because students know what amount of money is good to take out and which amount is not the best for their limit. When a student goes in to get a loan most of them do not go over a limit that they know they cannot pay back. Last reason people think students should not base loans off income is because more students would go to college instead of not going at all or dropping out, because of how much household income is coming into their

Show More
Related

  • Argumentative Essay: The Issue Of Student Loan Debt

    1032 Words  | 5 Pages

    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.

    Read More

  • The American Dream: Minimum Wage In The United States

    1002 Words  | 5 Pages

    “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.

    Read More

  • Persuasive Essay On Student Debt Crisis

    1228 Words  | 5 Pages

    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

    Read More

  • Student Debt Argumentative Essay

    901 Words  | 4 Pages

    There is many people that go to college, but because of the cost they don't get through college. The elevated costs of college cause not only students to struggle paying for college, but also to struggle financially paying for college when they are done. In many cases, after graduating, young adults who don’t find a job will become poorer, increasing the gap between the rich and the

    Read More

  • Student Debt Persuasive Speech

    1236 Words  | 5 Pages

    Education should be considered a priority that everyone should be deserving of even if it can't be afforded. I want to live in a society, in which every individual has access to equal opportunity. A society who is more than willing to pay to educate and inform their people. Another argument used to oppose student loan forgiveness is its inflationary effects in our society where inflation has been steadily high for more than a year. The main worry is that borrowers will spend their extra cash on expensive products like homes or vehicles, which could lead to higher inflation.

    Read More

  • Argumentative Essay: The Cost Of College

    771 Words  | 4 Pages

    The financial burdens that college leaves with the families and students needs to be addressed as student loans keep racking up over time. The cost of tuition for colleges has risen drastically over the years and has bounded students to only one or two college choices to choose from and at some points tearing away the opportunity to go to their dream college. However, one reason college has driven up in price is because the value it brings with it’s degrees, but it should not limit those who can not afford the worthy degree. College should be cheaper as it will ease financial burdens and broaden the choices of those wanting to attend

    Read More

  • Is College Worth It Research Paper

    701 Words  | 3 Pages

    The first thing that they might bring up is that college education makes more money which in return can pay off your student loans as said, “While the income for those with a bachelor 's degree was $65,482, and $92,525 for those with advanced degrees. [110] The median income for families headed by a bachelor 's degree holder was $100,096 in 2011.” (college-education) The next point they might bring up is that more and more jobs are requiring people to have some sort of college degree as said here, “According to a June 2016 study, 99% of job growth (or 11.5 million of 11.6 million jobs) between 2010 and 2016 went to workers with associate 's degrees, bachelor 's degrees or graduate degrees. [104] Based on economy and job projections calculated by Georgetown University, in 2018, approximately 63% of jobs will require some college education or a degree.

    Read More

  • Essay On The Cost Of College Tuition

    1145 Words  | 5 Pages

    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.

    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

  • Financial Aid In College Essay

    316 Words  | 2 Pages

    In today society, people have placed a high value on education; many believed that with a higher education they could obtain a better job. Many jobs are now requiring employee to have some sort of educational degree. The cost of college has increase 3 times faster than inflation (Baum, Payea 7). Financial aid is defined in the Merriam-Webster as “money that is given or lent to students in order to pay for their education”(“Financial aid”). As a result, many students have to rely on financial aid to pay for their college expense.

    Read More

  • Financial Classes Should Not Be Taught In High School Essay

    721 Words  | 3 Pages

    Over all teens are not capable of learning and making big decision for financial aid. Another reason why

    Read More

  • Rising Cost Of College Essay

    817 Words  | 4 Pages

    The phrase “education being worth it no matter the cost” has been drilled into students as well as their families. This has led to student loans eclipsing a total of $1 billion every year, and in total reaches more than $1 trillion. While most loans don’t have to be paid off until after graduation, many students aren’t able to find jobs to subsidize the loan payments once they have

    Read More

  • Essay On College Cost

    1154 Words  | 5 Pages

    Parents across the nation have found it much harder to pay for their children’s education due to these rising costs. For example, in states like Arizona, Georgia, and Oklahoma “parents have seen a 77 percent increase in costs. In Georgia, it's 75 percent, and in Washington state, 70 percent” (citation). These rising costs would be especially challenging for young adults. Working for a college education is a challenge, and many cannot overcome it.

    Read More

More about Essay On Student Debt

Open Document