Persuasive Essay On Credit Cards In College

The Credit Card Industry?s Role in Causing Student Debt, author, Carlos Macias, warns his audience that credit card companies will try anything and everything to get students to own a credit card from their company. Macias states that college students have a huge target on their back when it comes to credit

Many college graduates are facing unemployment, leaving students and parents to question if college is worth the cost. The answer is no. Student debt has significantly increased. “If you get this wrong, it’s actually a mistake that’s hard to undo for the rest of your life”(Peter Thiel co-founder of PayPal). Peter Thiel is explaining that today 's students are taking on much more debt, due to recently tightened bankruptcy laws that have made it more difficult to get out of debt.

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.

These are the benfits for college. College is an investment in rder to earn more money later on. College is important to attend in order to have a stable income later in life. Furthermore, some may say that the debt that is stapled along with colege is too steap and makes it to where the entire process

This reason is why some people will stay in school, not just because they feel like they have to. This will not keep a young adult from learning a certain responsibility. If anything I think that it will actually help them with learning what actually happens in life. An income-contingency plan would help people to pay off their student loan debts, from young adults to senior citizens.

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.

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.

Paying for college isn 't a simple process, but with the right resources, you can support your education in the best possible way. Let’s take a moment to figure out what options you have. As you prepare to go off to college, it’s very important to remember that the prices you might see listed for colleges is not the price you will have to pay. Most students will see these sticker prices and won’t even try applying for them.

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.

According to Anya Kamenetz in the article “Generation Debt,” young people of today are struggling with high debt due to high educational finances and this is preventing them to move on as responsible adults. College tuitions are too high to pay that young people fall into applying for student loans, and have significant credit card debt with high balances. Most students are using their credit cards to pay for their college expenses and student loans; even their paychecks are being used to pay for college. I agree that many young people held back in becoming a full adult which they are doing everything they can just to continue their education. Even if it means to continue living at home with parents just to make ends meets and not being able to step in the “fully adulthood.”

In grade schools core concepts such as history, math, english and science are taught because they are identified as concepts that will be useful to students in their future endeavors. I believe that finance is something equally relevant in our lives to merit its teaching in schools. The questions that such an endeavor arise is to what extent will such a curriculum have on the financial decisions of youth into adulthood? To what extent should financial literacy be taught in schools? Who should teach it?

Argumentative Essay: Embracing College Debt "By making college unaffordable and student loans unbearable, we risk deterring our best and brightest from pursuing higher education and securing a good paying job" (Pocan, 2016). High school seniors advance into college with little income and no knowledge of managing large expenses. Although college incurs significant debt, it has positive lifelong benefits such as a better job, higher salary with benefits, and obtaining an opportunity for a fuller life. College graduates tend to have better employment opportunities.

Although debt is a bad thing, it is not unavoidable for everyone. People will fall into debt because not everyone has a solid financial backing. More than seventy-one percent of students graduating from a four year college are graduating with debt (A Look at...) . Setting a cap would cutthat percent far down so the students would have a chance to break even with the income they receive after college. Because there is no student loan debt cap, colleges take advantage of this or they set the cap very high so the students will keep having to pay the college for years.

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.

To wrap it up, these are reasons why people should go to college because they learn about social skills, receive better health, earn more money and have a good job that you enjoy. Although a lot of high school graduates who attend college end up in debt because they had to make a loan to go to college. A Couple people say that, one that graduates from college has had a college debt (Dehart, Chris). However, if you have a job that has good paying money, it could help pay off that college