Student Debt Persuasive Essay

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 loans can be a risky situation but knowing that certain student can pay the loan back six to eight months after graduation and have that career job in hand. Furthermore, student loans can also provide more education for students across the country. Think about it, the more the government is giving away money for loans to go school is a good way to get students there education for free until they have their career job. In addition, with that career job that student have because going to school will have the money to back the loan with reasonable payments. As a result, there’s a quote that had it right on the dot about student loans. It says, “With so much seemingly free money flooding the system in the form of student loans, anyone with a pulse and a desire to obtain a higher education degree can avail themselves of a loan”(Article: Forgiving Student Loans-paragraph#18) . So there is money out there for certain students to grab to get a good education to work towards for a great

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.

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.

There are many people out there that completely disagree with the Act or even the idea of fixing the crisis itself. people are saying that forgiving students from their debt would make them irresponsible with the extra money they’ll be making The fact of the matter is that if the Act were to pass, it would: eliminate many of the awful consequences of educational indebtedness. In doing so, it would give Americans greater purchasing power, helping to jumpstart the economy and create jobs. Of course, it does have some restrictions, but it will help the student loan debt crisis and the national debt crisis. The solution is that students will continue to pay their debt flexibly comfortably by paying ten percent of their income, and after twenty years of paying, the debts can be forgiven. Another great benefit to this act is that even those students who end up getting a government job after college would end up paying their loans off within ten years and would eventually be forgiven if they exceeded the time. This act does not hurt the nation, in fact, it’s actually fixing it. As of today, this act hasn’t passed, but if it does, the solution to the student debt crisis would be solved; students would be relieved of financial stress and they would be given an opportunity to gain a better education and make the nation a better

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

Student loan debt has a big impact on students decisions, student debt influences a lot on how they spend their money. American Student Assistance (ASA) recently made a survey, with this survey they found out that the Students with loan debt are postponing important decisions in their lives. Many of the students that participated in the survey are waiting to buy a home, get married, have children, save for retirement, and some of them haven’t been able to enter the career field that they wanted all because of their debt. Student loans were created to help out students who want to go to college by giving them money that has to be paid back. Student loans are holding back borrowers instead of helping them become successful.

The biggest problem resulting from the student debt crisis is you hear stories of new graduates who have to stay with their parents so they can cut back on costs in order to pay off their student loan. When you take out student loans to help pay for college, it’s easy to forget that that money will eventually have to be paid back. Student graduates can’t do many things due to these student loans such as buying a home, getting married, or having children. But for right now giving students more information about their debt may help students say no to loans. Borrowing less may make it harder for students to graduate if, for instance, they spend more time working and less time studying. Applying for finical aid and scholarship can help. Making

Over the past decade, the federal government has lost a considerable amount of money from student loan defaulters. This matter has raised countless questions about who should pay for these defaulted student loan amounts. Analysts argue that the tax dollars should be used to satisfy the losses since they will limit other students from accessing the same benefit (Rowan, 2013). Other individuals claim that using taxpayers’ money to pay in the event of student loan defaulters would encourage more defaults. This paper seeks to decisively discuss the pros and cons of whether tax money should be used to pay off loans backed by the federal government in the event that a borrower defaults on his or her student loan.

During the presidential election debates, one of the main topics is the problem of debt, specifically debt for college students. According to The Institute for College Access & Success, 7 out of 10 college seniors graduate with student loan debt. Granted you can save money by going to an in-state university, but even in-state tuition can be difficult to pay without student loans.

There are a lot of misconceptions about student loans. A lot of people hate them, a lot of people need them. The majority of people don 't understand every facet about them and that can lead to trouble.Given that there is over $2 trillion in student loan debt, and that the average graduate has almost $35,000 in student loans, borrowers need to understand these facts to make sure they are making the best decisions possible.

This change will never be possible, if every year millions of bright young students cannot afford to go to college. As, million more leave school badly in debt. We need to find a way to fix this so that we do not abatement as a country. Because I’m for sure tried of sitting back and noticing other countries like Germany and Sweden gaining a better economy then us. As our economic becomes fragile, because we are about 1.2 trillions in students loans. Americans have more student debt than credit card and auto loans debt.

Students have enough trouble trying to get into college because of the cost of tuition. The rise of student debt is increasing and there are many people who are concerned with the rising percentage. Student debt comes from the loans that are being handed out in the wrong way. Student debt is taking a toll on people in their future. Some people believe that if the household income is not where the requirements should be that students should not be able to take out a loan. Others believe that household income should not determine how much a student can take out.

Debt. That is what 70 percent of students who graduate, have to deal with according to MarketWatch. Debt has increased over the years because more and more individuals strive to accomplish their dream and goals. Moreover, Student Loan Hero says that approximately 44.2 million Americans are in student debt. Many students are unaware how tremendous this issue is, and how it can have a significant impact on your future. In addition, a numerous number of students are lost and don’t know how to prevent this from happening to them. However, there is a solution…Financial Literacy! This is important to college students like me because it can prevent them from losing money, help teach them budgeting, and overall help students choose the right decisions