a similar group in 2010, found more college correlated with less dementia” (Belluck). This shows that college can have a beneficial impact for mental health. By going to college, a person is less likely to live an unhealthy lifestyle, and may keep their cognitive health for longer. The most common counter argument is, that college is too expensive and people do not want to pay off student loans for the rest of their life. Author, Sandy Baum writes about how student debt affects individuals in the book Student Debt: Rhetoric and Realities of Higher Education Financing. “It seems quite clear that student debt has generated serious harm to some individuals” (Baum 70). In stating this, most people do not want to go to school because they believe …show more content…
In some cases, people who do go to college still end up working in low paying jobs, but no job is a definite with a college degree or not. When a person goes to college they should consider all the majors their school offers and the potential job prospects of choosing that major. If a person goes to college to become a freelance artist versus someone who goes to school to become an accountant, there is going to be way more job opportunities for those who studied accounting. In addition to college graduates not getting a job of their preference, school can also be costly. People are intimidated to go to college because they are afraid of not being able to pay off student loans. It is a common misconception that students have to go to private or ivy league schools to get a good job in the future, but that is not true. If a person is worried about paying off student loans there are other options such as community college, or commuting to school. The statistics do not say that a person has to go to an expensive college to get a good job, the statistics say that any sort of college education can lead to better job prospects. Overall, a person has to be smart about choosing a major to get a good job, and college does not have to put students into serious
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.
Ana Lucia Urizar, author of the article titled We’re Being Punished by Crippling Student Debt presents the argument of Student debt and the importance of remedying this topic otherwise face future detrimental effects. Urizar provided statistics suck as the average amount of loans in dollars the class of 2015 had taken out. Ultimately, Urizar’s main argument is that something needs to be done about the exorbitant cost of attending college because it is impeding graduates’ careers, standard of living and ability to fully engage the economy. This argument does well providing strong statistics found through credible sources such as The Wall Street Journal, however, the article failed to provide a counter-argument or different viewpoint regarding
1). It is hard for many college students to pay off their debt so they take loans out to help them but taking those loans out causes more debt because of their inability to pay the debt they already owe. Student loan debt can effect people through different types of loans like federal and private loans. Student loan debt also affects the economy. It effects the economy by reducing business growth, suppressing consumer spending, lowering credit scores, increasing interest rates, and making it more difficult to save for
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.
The Financial Cost of a College Education The cost of a college education has become a determining factor in whether or not people choose to continue their education after high school. The cost of college is so expensive that very few people are able to pay for their education “as they go”; students are being overwhelmed with student-loan debt. The prospect of student-loan debt shouldn't be driving people away from a college education. The cost of a college education in the United States is unaffordable.
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.
Student loans can be an okay thing, for some students that don 't have money and don 't want to wait to go to school they can get a loan. Some loans can be difficult to get paid back but it’s not something that is impossible. If you can get a scholarship and then what you have left to pay you can always get a student loan. Then get a job to work and pay off that loan. It may seem like a lot of work but the outcome is going to be worth all the hard work.
All your life you are told you need to go to college to be successful. In reality college is a chance to be successful but, doesn’t mean that you will be. In his article “Americas Most Overrated Product” Marty Nemko talks about college student statistics stating, "College is a wise choice for far fewer people than are currently encouraged to consider it” (527). Nemko states, “Among high school students who graduated in the bottom forty percent of their classed, and whose first institutions were four-year colleges, two thirds had not earned diplomas eight years later” (523). People who end up getting college diplomas hardly ever work in the career that they have a degree in, let alone can get jobs that require a degree.
College debt can have a crucial and long-lasting impact on students’ futures and life choices. Student debt lowers their credit scores and affects their future financial wellbeing, inflicts mental health
Often times it’s not necessarily what you study, but the fact that you studied something at all. As long as you have a college education you can still earn higher job opportunities, maybe not as high as a college graduate, but definitely higher than a person with just a high school education. Above all, attending college is a major commitment of time and money, but it is also a down payment on success. Earning your college degree will help you realize your goals in your career as well as life in general. It requires a lot of hard work, but that work prepares you for a challenging and rewarding career and a more colorful
There is an ample amount of information that leads people to believe that college is a great choice. In Source F, it is shown that, “Adults who graduated from a four-year college believe that, on average, they are earning $20,000 more a year as a result of having gotten that degree. Adults who did not attend college believe that, on average they are earning $20,000 a year less as a result.” Also, provided in Source F, “...55% say it [college] was very useful in helping them prepare for a job or career.” While these statistics are true, the negatives still outweigh the positives.
According to Andrew J. Rotherham’s article “Actually, College Is Very Much Worth it. ”he states, “Meanwhile, 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 for college graduates.” The data Rotherham provides shows that even with some college education, you have a higher chance of getting employed than those with just a high school degree. The one group that outweighs all the others is the college graduates proving that with a college degree unemployment is less likely to befriend people who do pursue college. Some people might say that there are loads of jobs that do not require a college degree, especially in this time and age.
Jobs available without that degree, are beginning to disappear and they are almost non-liveable wages such as serving up fast food or checking out groceries; which really adds an incentive to attending college. In contrast to that, those with a college degree make almost $18,000 more per year than those who are without one. This is a big gap, that can possibly keep extending in the next few decades. With that higher annual income, comes the debt on the side. It may not seem worth it , but eight out of ten people state either ‘it is already worth it
It is never wise to take out a loan, even if it is considered by society to be a “good loan”. These “good loans” are student loans and they are anything but good. There are two extremely important things to know about student loans. They will stick with you for the next decade or more of your life and they end up multiplying in cost even as you attempt to pay them off. These two things will affect the rest of your life and not for the better.
Although college is stressful and time consuming , having your dream career, is a huge life achievement. Having a job isn’t the same as having a career “I've learned that making a 'living' is not the same thing as 'making a life”(Maya Angelou). If you sell yourself short by not going to college you’ll end up working just to make ends means not because it's what you enjoy doing, it's due to your family counting on it. Those who go to college will end up having a better future than those who don’t. I agree that going to college is more beneficial because my view on the topic states that in order to have a secure and clear future you must go to college.