Increasing Student Debt

Debt is important to the United States In “The pedagogy of Debt” Jeffery Williams discusses the harsh realities college students face after graduation. He talks about how even after 15 years of being out of grad school he still is currently paying back his debts. Not only is he paying back his schooling debts, but also his daughters current tuition. Debt is something we all face if we decide to expand our knowledge after high school by attending college.

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.

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.

With college tuition constantly on the rise, is this affecting everyone or just the low income families? Some believe tuition cost is a reasonable bargain, while others believe it is wildly unaffordable. Presumably while attending college the costs are hidden, but by the time students graduate they’ve buried themselves in debt caused by a compilation of student loans. The reason

Does that sound like a suitable amount of money considering the expenses, sweat, and more than likely the tears expelled in

As such, in the present framework, everybody pays more, and we deliver less graduates.

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.

Zach Lindley Professor Fisher English 101 11-13-2016 Rising Tuition Costs Is going to school to obtain a degree so that you can further your education still an opportunity for everyone? With tuition growing for the past decades many individuals question whether higher education is even worth it in the long run. Tuition has increased dramatically over the past couple years which has made it extremely difficult for students to pay for higher education. Without new resources for new students it’s getting hardier to take classes and pay for it without ending up buried in debt.

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

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? College is not worth the cost due to a much raised price teachers and education, as well as uninsured job security.

Student loan debt has been a big issues for a while now which is caused by the high price college tuition that has more than doubled in the past fifty years in the United States. According to figure 1, in the past five years alone the tuition price has increased an average of 11 percent (see appendix). With the serious rise in tuition many students have taken out loans which means that more and more graduates from college are not only leaving with a diploma but also with debt. "7 in 10 college seniors graduated in 2012 with student debt, which on average was $29,400" (Lundberg 1). 70 percent of all the graduates are already in debt stepping out of college and moving into the real world trying to start a career in society for the first time which means that they will be starting in a hole and will have to work much harder to dig themselves out.

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.

Many Americans believe they can not graduate college debt free. They, in turn, take out student loans that in the long run will cause debt to pile up. Many statistics show the negative effects of student loans. This helps prove the idea that student loans are, in fact, are a major factor of high levels of debt. Also student loans and debt can be avoided with financial aid programs along with grants and scholarships.

student loans, not one based on what they prepared for or what they studied. This also can cause a setback in future plans, having to delay many adult milestones due to lack of funding. Student loan debt is becoming an increasing burden for not only young adults and but also older adults as well. As the price for college increases, fewer scholarships and grants available (Eskow).

So many successful adults till this day are paying back their college debts. Over the years, some are able to pay back their debts in college and others are not able to and are still struggling, due to having to pay other debts that they may have. In some cases, some people drop out of college just so they will not have to owe so much money, but to drop out for that reason is not good. There are several of ways to stay away from college debt and that is getting scholarships, saving money before going into college, and also attending a community college instead of jumping to a university. College debt is a large amount of money that a college student will have to pay back within a certain amount of years after graduating.