“An important pathway to the middle class now runs through higher education, but rising costs are making it harder and harder for ordinary Americans to get the education they want and need” ( Sanders). Many student who’s families can not easily afford the cost of college often do not further their education after high school. Students that know that their family struggles with money already don’t want to ask for more so that they can go to college. As the cost of college has been on the rise many have talked about wanting to provide students with a free college education. Many bring up that the states grant their students with free public education till they complete the twelfth grade.
Why? Some may ask this question its due to the rising cost of the tuition. People of all walks of life except for the richest find it hard to pursue post secondary education out of fear of falling into large amounts of debt that will haunt them for the rest of their lives. Examples are being made around the
Without these numerous factors that vary vastly among different colleges and universities one simply may not assume every student that finances a loan goes into long term debt. College admission may be a hard decision when it comes down to price. Many other students fail to attend their dream school due to the financial struggle. Ultimately there are students that pay the full price for admission no matter what the cost just to attend their dream school. To many students college is worth the price for admission.
Somewhere along the way Americans began supporting the idea that all students should go to College. Students get the idea by the time they are in middle school that they need College to be successful. There are so many loopholes around college as well as evidence showing that having a degree doesn’t mean person A makes more money than person B. College isn’t for everybody, and people can go get their 3 year degree only to find out that the whole experience wasn’t worth anything to them and now they have all their student debt to deal with. College, unfortunately, is very expensive; However, in America we have many options for students to pay for their education, almost all ways of paying tuition put students in debt. A chart that uses information from The U.S bureau of labor statistics shows that “The bottom quarter of earners with a college degree don’t make more money than the average high school graduate.”
In his article, Mark Edmundson discusses an ever increasing problem orbiting around university education– the misconception that studying something that could land you a high paying job trumps studying something that you love for the sole reason that you wouldn’t be able to earn as high as an income with that field of study. Edmundson also brings up the fact that before students get to college, they’re being told who they all their lives. Whether it be by their parents, their teachers, coaches —whoever, by the time most people get to that next step of their lives they don’t have their own definition of who they are. And that’s Edmundson argues what the main point of college is; discovering who you are and what you love. It’s not about preparing
A college’s main sours of revenue in tuition money which as previously stated, is four hundred percent more expensive than twenty years ago. People who are seeking the traditional path into the work force are forced to pay these crazy high prices and are enticed by a pretty residential life and the thought of new found independents. The reality of student debt have not set in yet. Student debt is at an all-time high with an average of 29,000 dollars per student. Because of the tradition of going to school and the amazing residential lives, it can be easy to recognize the severity of the situation you are putting yourself in.
In today’s worldwide economy, there is a high demand for the best-educated post-graduate students in our industry. Hundreds of thousands of intellectually savvy students cannot afford to go to college, and those that can leave school with a colossal debt that haunts them for years after. As stated by presidential candidate Sanders, “That shortsighted path to the future must end. I will fight to make sure that every American who studies hard in school can go to college regardless of how much money their parents make and without going deeply into debt. This isn’t a radical idea.”
On top of all this, college degrees are more common than ever; record numbers of Americans have a college degree and its impact on future earnings is not what it used to be. So, college students are paying more for a degree that will earn them less than the same degree did a generation ago. And we want to go into debt getting this degree?
For example, A majority of Americans say the higher education system in the United States fails to provide students with good value for the money they and their families spend (Pew social & demographic Trends, is college worth it? (The value of education, 40). If people do pay for college it will be hard to pay for other things as well. For another example, About half say that paying off debt made it harder to pay other bills (Pew social & demographic Trends, is college worth it?) When people pay for college they find it really hard to pay off things like bills and debt.
So many student borrowers are falling further and further behind in their payments, postponing purchases of cars and places to live, or putting their social lives on a shelve. Jason Delisle, who wrote the New America paper, “blames skyrocketing graduate school debt on changes to federal loan programs that essentially allow grad students unlimited borrowing. The more students can borrow, the more schools can charge.” Americans almost universally believe that a college degree is the key to success and getting ahead—and the data shows that, generally speaking, college graduates still fare far better financially than those with just a high school diploma.
College has become more and more expensive over the years. Receiving a scholarship would greatly relieve the burden of having to deal with the massive student loans. As I continue my education my student loans will continue to accumulate. That is why any scholarship I am able to obtain I would be grateful for. Like all other current students I am troubled with the idea of not being able to obtain job after I graduate from college.
Students’ loans are the help to achieve students’ goals. However, students’ paid a higher price for have a better education, but they never imagine that to finish a bachelor or master they are condemned to carry a huge loan on their life as having to return all the money they got for finishing their education. According to, Real Life Student Debt Stories, Scrubb White said, “I will not got into debt never in my life,” (Par 7). Scrubb White It is one of many people that living with an enormous burden for many years for a student loan duty; he graduated with honors in 1974 with a degree in Accounting.
It may be necessary for you to consider student loan consolidation. When you were busy in college with your studies you probably did not give much thought to the pros and cons of having multiple student loans. Chances are you took out different student loans with different variables. Some of your loans may have a fixed rate while others may have a veritable rate not only that, you probably have different repayment terms for each student loan you have. Have multiple student loans and having to make multiple payments throughout the month can wreck havoc and cost you hundreds of unnecessary dollars each month.
College student debt has reached over $1.3 trillion dollars. A question that is asked in society today is, is college really worth it? College tuition is continuing to rise as years go by and students are simply just not attending college due to it. Little do they know, there are ways around paying so much for college tuition. There are multiple ways students can lower their tuition so that they are able to have a successful career which include applying for grants,getting a higher degree, and staying in college.
Free college sounds great. It almost sounds too good to be true—because it is. With that said, free college is a great idea, and it would actually be a convenient resource. But it is simply just an idea that can not work in our current society and government in the United States. High student loan debt is a problem that should be fixed, yet the government should not pass reforms that will only temporarily relieve the issue but instead focus on reconstructing the college system itself.