School is like a semicolon. Some students continue their education, while some students decide to stop. College perhaps is the biggest stopping point. Students face many obstacles when adjusting to university life. Obstacles include debt, time-management, and stress. Debt is no joke. Statistic shows that on average, 44 million American owes debt in student loans. "In fact, the average Class of 2016 graduate has $37,172 in student loan debt, up six percent from last year." Jeff Gitlen. For this reason alone, many politicians tend to campaign on making colleges debt-free. In the year 2016, Sen. Bernie Sanders and Secretary Hillary Clinton promised that if they 're elected to office, they will make college debt-free and "take on" student loans. Till this day, Americans are still paying off their student loans, and it 's a huge challenge for them. …show more content…
Managing time is also another obstacle students face when attending college. Students are aware that their performance in college will either positively or negatively impact their life and/or career options. With that being said, they may want to do as much work, to earn as much credits, as possible. Time-Management problems encounters when a student 's job impedes them from their academic studies, or when academic studies impede students from their sleeping
04 Dec. 2016. In USA Today’s article by Sandra Block and Christine Dugas titled “Five Proposals to Solve $1 Trillion College Loan Crisis,” the authors mention five ways to solve the student debt crisis in America, illustrating things like Bankruptcy reform, loan forgiveness, increasing federal pell grants, and the education of borrowers. Evaluating this article, it provides an informative view on the solution of student debt, and overall expresses many different spectrums on ways we can solve this social problem. The five ways to solve this problems
In recent years, 70% of students graduated with student loans, and in 2016 graduates on average held $37,172 in debt based on a survey done by Citizen’s Bank; 59% of those graduates do not know when their debts are going to be paid off (Powell). Steve Sacks illustrated a cartoon in the Star Tribune in May of 2012 to inform high schoolers about the struggle brought on in college by student debts. The cartoon, “Student Debt,” shows how hard student debts impact high school graduates going into college; students pile up so much debt, even before graduating the burden hits them hard. In this cartoon, it is viewed from a straight on view that is also looking down on the graduates at an angle.
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.
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
A full-time flexible schedule demonstrates the need and usefulness of time management techniques. It is even more imperative to stay on top of my educational workload and while juggling full-time jobs. The most precious resource is time, and learning to control time is the key to academic success.
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.
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 average amount of student debt could be in between $30,000 to $50,000 as said in this quote,“10% of students graduate with over $40,000 in debt and about
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.
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.
Every student's circumstance is different; therefore, they should all have different solutions. Some students do not enjoy of a good economy, which provokes them to borrow more money than other students. Also, there are some students that will study careers that do not have a great income, or are very rare in jobs. Their solution would be to maintain the cost of student loans at a reachable price. In this case, every student would be able to pay off their loans without any
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
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.
Most of this debt is the result of unpaid student loans. Many people contemplate over the government’s reasons for not aiding students with their debt. In my opinion, students, who plan to further their American Education, should be able to affordably do so. It’s a sin that students have to go through a bunch of obstacles just to be in debt for most of their young lives. The main reason people go to college is to be able to make more money than the average high school graduate.
Students face various challenges throughout their college career. Thus, the problems that students have can range from balance, new lifestyle, to financial problems. Therefore, finding a balance between being a student, possibly working, and keeping up with their social life is a necessity. Similarly, others are away from home for the first time thus, they have a new responsibility with being on their own and findings ways to deal with homesickness. Likewise, being exposed to new financial situations is yet another challenge college students will need to learn how to cope with.