Sidestepping Student Debt Analysis

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

makes more than the average person without a B.A., getting a B.A. is still going to be the wrong economic decision for many high-school graduates” (209). Although I agree with Murray on a few examples, I cannot accept his overall conclusion that he made his opinion on the basis that much of high-schoolers should not attempt to aim to get a college degree due to being intellectually or fiscally incapable of getting one. Moreover, I believe that high schoolers should be encouraged to go beyond what they think is capable as it is often worth the effort reap the financial benefits of a college degree.

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.

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. This is a significant issue that many students deal with today, especially since a college degree is becoming the new standard for being able to obtain employment. The amount of student loans and the numerical number of debt is overwhelming.

In Charles Murray’s article, “Are Too Many People Going to College?”. he seeks to enlighten younger generations and administrators on a socially unacceptable future- not attending higher schooling after high school. He establishes insight through use of examples and statistics throughout his writing. However, he tends to repeatedly violates literary maxims that lead to his writing getting distracted from the main point or leading the reader to become confused by his use of terms. Through his many successes and obstacles, he still manages to create a new perspective on not going to college, making it just as wise of a decision as going to college depending on the career path and scholarly education a student accumulated in prior schooling. In addition to this modern philosophy, he mends a potential gap of knowledge between college students and students that follow another route. He proposes that a liberal education, a style that can only be given in college, should be given in primary education, giving a sense of equality between grade levels from primary to secondary schooling. As an effect, the stress of needing a degree diminishes and respect for people with or without one becomes indistinguishable.

Loans allow receiving a college education seem like a smoother process considering that such a hefty amount to pay is divided so that it can be paid for in moderation. Despite the fact that it’s split into many payments, it’s still a large quantity all in all so unless indebted students aim for high income jobs, there would many years of difficulty to come after college. For this reason, undergraduates make it their goal to go after jobs which would prevent them from being constantly pressured to pay off debt. Thus, student debt is both a crisis and a reason to encourage persistence towards greater ambitions (Hillman, 41). It is a tremendous thing when a student seeks to be financially comfortable or even rich in the future but not when it is for the wrong reasons. Although it is something to be thankful for since the number of people who can manage to pay at once is low, education is also something to be thought of as a priority that everyone should be worthy of even if it can’t be

"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.

Out of all the possible reasons to drop out of college, “the No. 1 reason many young adults drop out of college is an inability to juggle school and work” (Johnson). Finishing college is the most decisive forecaster of prosperity in the workforce and the inconsistency in college completion between children of rich and poor families duplicated since the late 1980s (McGlynn 55). There is many people that go to college, but because of the cost they don't get through college.

Our whole lives our parents told us that we need to go to college to be successful. They told us that college would insure us a great life, but for many, that isn’t the case. Many students go to college hoping to get a degree, but many drop out due to insufficient funds. While for some, college might be the right choice, that doesn’t mean that college is for all of us.

When people think about college student?s financial status, they often think they are going to be broke from student loans. What most people do think about when it comes to college students is credit card debt. And if people do think about it, the students are often blamed for the debt because many people still think they are you kids who are irresponsible when It came to money. In the article, ?The Credit Card Company Made Me Do It? ? 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

“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

When a student takes a loan out for educational purposes they still get to live their life as a normal student. Also loans are not just limited to education people other than students can take out a loan but Martin didn’t make that clear. The author didn’t give much of a reason behind why he feels the way he does about loans. Loans are available to everyone therefore it doesn’t hold back students who can’t afford it. When a student decides to take a loan they aren’t doing it to not be able to act like a regular student they are actually doing it to be like other students. Many students take out loans and they still get to have a normal life and Martin lacks to recognize it. That is why I disagree with the authors statement that a loan enables a student to attend and act like a normal

New York attorney Robert Applebaum’s and economist Justin Wolfers essay's debate on student loan debt applebaum’s "Debate on Student Loan Debt Doesn’t Go Far Enough”, attests that the U.S. has a financial crisis’ on it's hands and that, unless the U.S waives the present student debt(over $1 trillion) the economy will nose dive. Applebaum writes an over-passionate and panicked paper. Applebaum’s essay is absent of sensible logic, practical validity and is riddled with unreasoned assumptions.

Is a college education worth the student loan debt that accompanies it? Some argue this point but the salaries that come with a college education, with a degree, can pay this debt. The salaries for a person with a degree and college education is higher than those who have not attended college or have a degree (Bielagus).

Student loan debt loads have been spiraling, doubling over the last decade, and the enrollment rates of young people from lower socio-economic groups are rising far slower than middle and upper groups. Governments must recognize the renewed public investment in post secondary education is an economic and social imperative. 6.7 million borrowers in repayment mode are delinquent (Snider 1). The sad fact is that many lenders aren't exactly incentivized to work with borrowers. Unlike all other forms of debt, student loans can't be discharged in bankruptcy. Forgiveness programs can be lifesavers for borrowers drowning in student loan debt (Snider 1). However, jobs for recent grads are harder to find and salaries are lower, but that won't last forever; in spite of all of this, the data make clear that getting a college education is still a good idea. College graduates earn more and are more likely to have a job in the first place, and is especially important for some Americans (Webley 2). According to the Bureau of Labor Statistics in 2010, the unemployment rate was 9.2 percent for those with only some college and more than 10 percent for those with just a high school degree, but it was 5.4 percent