Persuasive Essay On Student Debt Crisis

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.

Currently, the U.S. has accumulated roughly one trillion dollars worth of debt from student loans. (cite) But, what if student debt was forgiven overnight? Now if student debt was eliminated all at once it would be an enormous expense for private lenders and the federal government. Yet, people continually suggest the dissolution of student loans with a one-time payment plan from the government. This notion seems politically appealing for those on the left wing side of the argument, but overall no one wants to accumulate debt. Many of the young progressive college students and graduates would love for their student debt to dissipate. Student debt has become a crushing and often unavoidable generational crisis. But why not just forgive all that

For sometime, many US citizens have not had the resources to acquire an adequate health insurance plan. Although faced by many oppositions, the US government has found a solution, The Affordable Care Act. The Affordable Care Act, also known as “Obamacare”, is a US healthcare reform law that focuses mainly on providing more Americans with access to an affordable health insurance. The Affordable Care Act is said to expand the affordability, quality, and availability of private and public health insurance through consumer protections, regulations, subsidies, taxes, insurance exchanges, and other reforms. Signed into law by President Obama in March 2010, hence the nickname “Obamacare”, the

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.

As the school year comes to a close and the only thing on a senior’s mind is how are they going to pay for college? Throughout our high school careers we always get asked what our plans are after high school and never how are you going to pay for that next step of your life after high school. We barely get prepared for the real world in high school we are forced to take classes the school thinks will be good for us not what we think or what will be best for what we want to study for in college. How are high schoolers supposed to be able to pay for college when they don’t get prepared enough in high school to go on to that next level of schooling and have to more than likely go into debt just to be able to pay for it. Colleges should no longer cost an insane amount of money to go there.

In 2014, just a bit over 70% of college students graduate with $33,000 in student loans. This number is staggering and why student loan debt has become such a hot topic of debate in the United States. In the meantime I think we, as students need to be a little more involved in our future and the college process rather than placing the burden and stress solely on our parents. There are various things I can do to reduce my student loan debt and avoid the stresses after I graduate college.

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. Overall, this issue affects most people living in our world today and must be fixed for our generation and generations to come.

Have you ever owed someone $20? Well, imagine owing someone $100,000+ . Many students every year are left in crippling debt that can affect them for the next few decades of their life. Because of the cost of college, many students fresh out of high school can’t go to college. In order to make it easier for the lower-class to go to college, you should do at least one of the following things. The first is give grants to states so they can help pay for colleges, therefore, making more people able to go to college. The second is being able to get 3-year bachelor degrees which are currently being done in Europe right now. The third is to increase the federal minimum wage which would make teens and others who work a minimum wage job able to go to make more money which would make it easier to go to college.

According to the New York Times, “about two-thirds of bachelor’s degree recipients borrow money to attend college, either from the government or private lenders, according to a Department of Education survey of 2007-8 graduates.” On average since 1980, college tuition prices rise 7% a year. In comparison, the inflation rate is just 3.2%. But we have to remember that as long as the demand for higher education continues to rise, the price will also rise. In order to pay for the absurd prices of higher education, students should not have to end up turning to loans. 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

I hereby say that student loans is something that should not be dragging educated people down. We cannot allow the for-profit colleges and the banks to follow behind students and collect their wealth. “Everyone deserves a quality education. We need to come up with a better way to provide it than debt and default”(Taylor). Education should not vanish. It’s something that young people want to pursue in. However, debts should be completely vanished. One idea to make this accomplished is by promoting public colleges or by regulating the private ones. In a piece of writing called A Strike Against Student Debt, it states,“We also need to bring back the option of a public, tuition-free college education once represented by institutions

“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. Doesn’t let you go to work and then go back to your house you have to go to another job which is not part of American

22 million. 22 million is the number of Americans who would not have had health insurance if it were not for Obamacare. That is around 4 times the number of people living in Singapore. Whether it be a cancer patient, or an employee working 30 hours a week, they may not have been insured. Obamacare, or the Affordable Care Act (ACA), is a health care act implemented in the US law, which was passed in 2010. It works to make health insurance more affordable for Americans, and essentially, improve the healthcare system in the US. But, many people oppose this healthcare act because they believe that the government should not force people to get insured, and pay a penalty for not doing so. However, one has to realise that although they may not have

Many people would like to experience the college life from either a four-year university or a community college. Many students are eligible for attend a four-year university and attend the university with scholarships. Some students attend community college from not being to afford a four-year university. Everyone should have some college experience and many feel that community college should be free for those that are responsible enough to attend college. Many say that the government should pay for student’s tuition for community colleges. The government should pay for responsible student’s tuition. The government should provide free tuition for responsible students because many students struggle to pay for college and there are students that are responsible enough to receive free tuition.

Increasing school funding is very important in today’s future American students. Education should be one of the top priorities in the United States to make sure every student has the same opportunity to get the same great education. Increasing public school funding be beneficial for outdated textbooks, lack of technology, and increases more resources for students. These resources would be crucial of generating students of America. These students are the workers, leaders, and inspirations of future America. There is a lot of benefits from increasing public school funding. Also, there are also negative aspects of this situation. “25% of taxpayers money goes to education” (policy basis , 5) .Taking more of tax payers money

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