Student Debt Argumentative Essay

Paying for college is a stress factor that students experience every day. On top of all the stress from school work, some students have to worry about paying for college also. Many resources for students are available to prevent students from having to work a full time job, or even take out a loan. Even applying for scholarships and pell grants and receiving them, paying for college is still an added stress.

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.

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.

Student loan debt has become a vast problem in today's society. More than forty million people have student debts, and make up approximately $1.3 million of debt in the United States (Knebel). People are delaying major life events in order to pay off these loans. To remedy this, the government should make it possible for people to revise their student loans to fit their salary or implement an income-contingency plan.

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

Most of my friends who are currently in college have between 5000$-20.000$ in federal and private loans. In many cases, besides for the loans, students have to work and study at the same time, which results in a stressful life for the student. In fact, many students are not able to finish their education because, since they can’t afford it, they have to work over their studies.

The older generations got taught how to save money and how to live a college life that would make them get through college with a little less debt. Now if we give them free college they won’t know how debts work and how to coop with them. College debt can teach the younger generation how to save their money and spend it wisely instead of just spending it on the newest video game console that just came out etc. To bring this to a personal level my parents told me once I got a job that I need to start saving most of the money I earned for college since they didn’t want me to have as much debt as they did coming out of college (they are still paying it today). If they didn’t tell me that I might have just went off and spent it all on objects that I didn’t need and also now I know to save money even after college for things like a new car or house once I get to that stage in my life. Going into debt in college helps build a good mind set for after college about how to spend/save

One of the reasons i believe that college isn’t worth it is because of student loans and debt. Between 2003 and 2012 the number of 25 year olds with student debt increased from 25% to 43% and their average loan balance was 20,326. While some thrive in college, some fail due to stress to succeed while trying to figure out how to pay for their college education. Student debt has surpassed the trillion dollar line and more than 850,000 student loans were in default.

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.

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

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.

Managing and financing money smartly, while taking a proactive position to earn as much money for college will enable me to remain out of debt created from students taking on an excess of student loans. Student loans are a nightmare of the past that are now easily avoidable if the time and effort is put into avoiding them. Scholarships, work studies, full college and university rides are all opportunities constantly available to students.

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

College students have a great amount of activities going on in their life: work, homework, exams, family, friends, and sports. Parents can help push their kid to be the best they are capable of being, sometimes everyone needs a push in life to get the wheels turning the right direction. Some college students are fortunate enough to get an academic scholarship or specific scholarships. Not all students are that fortunate enough to pay for the college experience. We know that college can be an expensive bill to pay, that is why parents may feel that they should help their child with the debts, but these parents should have the right to know what classes their children are taking because students may begin to not attend class, may be doing poorly, and they should not have to pay for their lack of work unknowing of their success.