How Does Student Debt Affect The Cost Of Higher Education

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.

Is college worth the money? This has been a question asked by millions of high school seniors, current college students, graduates, and parents across the United States. Many argue that it opens more doors over those who chose not to attend while others argue that we send too many students all while increasing the national student loan debt. Author Marty Nemko argues in his article, “We Send too Many Students to College,” that too many students are pushed to go to college. Nemko assumes that those reading his article are parents questioning if college is the right decision for their child. He addresses the main argument of college graduates make more than non-college graduates. He goes on to refute it by stating that some graduates are forced to take jobs that non-graduates hold with an ever changing American job market. Nemko concludes his argument by leaving the reader with a list of possibilities and examples for the college and noncollege bound. Overall, Nemko’s argument about sending too many students to college has some effectiveness to it while also having some ineffectiveness to it. He makes good use of pathos and his alternate ideas, but he fails to provide compelling refutes while

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.

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.

Most American goal in life is to earn a living when they come out of high school. But, maybe it isn’t really necessary that high school graduates need to feel ad if they are being rushed off to college. People who are hustled off to college discover that they would much rather be learning how to build things or fix things. College students and graduates are facing debt, unemployment/ drops in wages, and some would rather learn with their hands. Many college graduates are facing unemployment, leaving students and parents to question if college is worth the cost. The answer is no.

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

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. Since tuition has risen 3 times higher the rate of inflation in the past 10 years, this increase a student’s chances of not being able to afford higher education and also gives them a better chance of accumulating debt post-graduation.

On a global scale, there is a large amount of people who are unfortunate in the sense that

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. The cost for colleges must go down so students will not be

The author uses false statements and fallacious reasoning in the argument “Sidestepping Students Debt”. One example of the author’s false statements is, “Smart students everywhere are refusing to accept the unwritten law that attending college results in overwhelming debt. Instead, these smart students sidestep serious college debt before college even begins.” This is a false statement because it is not only saying that only smart students are the ones sidestepping the debt but, also saying that people with lesser grades will not sidestep their debt. It is false because any kind of student can try and hopefully succeed in sidestepping their debt.

Student loans is the second highest source of debt of $2.1 trillion dollars in the U.S. economy right now. This student loan debt is not only affecting the entire economy as a whole. In America, people believe that earning at Bachelor’s degree is the key to success in order to be financially secure be set in life. However at the same time, the cost of tuition has skyrocketed, and the borrowing of loans rise with it. The rising of student loan and debt will reduce consumption, lower investing, lower the rate of home ownership, and overall make it difficult to sustain financial stability.

Recently, many have begun to attack and degrade higher education in the United States. In the book How College Works, authors Daniel Chambliss and Christopher Takacs claim, “As state support has eroded, and as more students attend college in an increasingly desperate attempt to find viable jobs, the price to students of attending an institution of higher education has gone up, especially at more selective institutions” (172). So is college even worth it? Caroline Bird’s excerpt from her book Case Against College “Where College Fails Us” is an adequately written article that agrees with those who question whether college is a good investment. Bird argues that although some students would benefit from college and succeed, many fall short, wasting

Rising college tuition costs is an issue that hits close to home for many of us. Being a student, will always coincide with money struggles. During ones college search, numbers are all we are told to focus on. These numbers include ACT scores, GPAs, AP tests scores, and the biggest number of all, the cost of college itself. The rising cost of college has three main effects; debt through student loans, less people attending college, and an increasing number of college graduates moving back home. Raising tuition year after year will cause a drop in applicants and affect current students’ retention rates. That is because tuition is already at an all-time high, making it harder for underfunded students to even think about entering higher education.

Many college graduates are currently unemployed, which has left many parents wondering, is college really worth it? Some parents believe that college prepares students for more than a job or career, and others don’t think it’s worth the cost. Recent studies have shown that new college students are losing ground on wages by the time they graduate, higher education is becoming a risky investment, and most students are better off developing their own “lower-risk” business. These studies have proved that college is not worth it in the long run.

From the time we start our careers as students in school, we are told that in order to gains success in life we must attend college. That after high school, college is no doubt the next step we should be taking. Yet, for most students that are not wealthy this goal is almost unattainable. If the majority of students can’t afford tuition, then why is the tuition rate so high? Its certainly not an accident. Tuition is set in place to separate the minorities from the wealthy.