According to Storms, the core problem for graduating college students is debt. In the article, Storms explains how we are told that having a bachelor’s degree will double a person 's earning. Even though this may or may not be true, there is still the fear of paying back student loans after graduation. It is obvious that not every degree is guaranteed a job straight out of college in the field one chooses. Storms also gives the story of his family using the fear of debt as an excuse to not to go to college.
Overtime colleges have continuously gotten more and more expensive. Being the youngest of four children it has been interesting to see the outcome of what college and the debt that build up tend to do to people. Students are creating huge amount of debt trying to get a degree so that they can have a job and life after college. But the real question people have to ask themselves is that is college worth it? To build up an amount of debt that has you working in your late fifties just to pay off the debt from college to get “started on your” life?
Although the U.S department of Education offers financial aid to students, the aid it provides is not an adequate source. Most students receive some type of loan to pay for college. CNNMoney reports, “Thanks to climbing tuition and inadequate college savings, 40 million Americans now have at least one outstanding student
It's completely ludicrous to make us pay for classes that we already know the material for. Paying for the first two years of college leads to more debt for not only yourself, but the college that you choose as well. In America, 70% of college students are in debt. To be more specific we are currently $1.2 trillion in student debt. The reason being is because college is just simply to expensive.
Children cost money to take care of, but so does their education. College graduates with children who are planning to attend college have to not only pay back their debts but their children’s schooling too. Once those children graduate then it starts the cycle over again. Moral of the story is that college is a ripple affect when it comes to money all because of the timing of debts being
One reason that has been a source of major concern for many years, which is the increasing level of debt that students are being left with after completion of a four year degree. Community colleges are an affordable alternative for many socioeconomically underprivileged students who want to earn a bachelor’s degree or higher, which leads us to our next reason. Low income and under-represented minority students are transferring or obtaining degrees at low rates, there are many inequities in educational attainment that still exist. Another reason that has concerned our politicians is the lack of Bachelor’s degrees that are being granted nationwide, we are lagging behind other countries in this area. There is a huge need for our nation’s workforce to have people ready to assume jobs that the “Baby Boomer” generation will be leaving in large numbers, which is another concern.
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
There is a huge debate on rather or not attending college is worth the money . Yes, college is very expensive. 69% of college students has to take out loans and are in debt. The average college student is about $28,400 in loan debt. According to Consumer Report, if a student drops out, or graduates and is either unemployed or underemployed, it may be next to impossible to pay back student loans.
According to studies , “college costs had risen 500 percent since 1985, while the overall consumer price index rose by 115 percent.” These shocking transformations take a possible attempt at college out of the picture for students that don 't have wealthy families or scholarships to depend on for their time being at the college or university. The cost of the modern world can not be afforded by everyone that even want to make an effort to do so. Debt will be a critical stop to spending and maintaining money while in college or after college. (alternet.org) In conclusion , the American Dream is only a thought and is not obtainable when put into a more critical perspective by the whole world rather than just one race. This dream will be completely vanished within the next 50 or more years.
In 1965, President Lyndon B, Johnson signed the Higher Education Act. The legislation, as a part of his Great Society plan, had the purpose of lessening the divide between rich and poor Americans by providing more support and financial resources through student loans to lower-income students pursuing a higher education. Unfortunately, more than fifty years later, that divide continues to grow. Due to rapidly rising tuition costs and coinciding increases in student loan burdens, the college aspirations of teenagers raised in working and middle-class families are progressively being discouraged. The student loan program has good intentions an honorable aim: to provide an equal opportunity for an education beyond high school for those who