College itself is expensive. The way universities continue to make money is by creating a ripple affect. In Williams essay he states “at 46 and fifteen years out of my grad school I still owe around 9,000….” Williams is one of many people who are facing college debt. When deciding to attend a university you are making a commitment to paying back a certain amount each month for numerous years after you receive your degree. During those years more responsibilities come into your everyday life.
The total cost of an in-state university (including room, board, books, travel, and miscellaneous expenses) hit $24,061, up $651 or 2.8% from last year. This to most isn’t just pocket change, having this kind of money annually for 4 or more years isn’t easy, most students get grants, scholarships, or loans to pay for the extensive tuition. So is college really worth the student loans/debt, tuition cost, and possible monetary wages and payoff? Preliminarily, students apply for loans when they don’t have the money to pay for their books or other expenses that derive from college. Loans can quickly turn into a substantial amount of debt by the time a student completes their standard 4 year degree.
In Rhode Island there being the location of Brown University along with many other well known schools there is a large margin of students who are not able to afford an education in a time where a college degree is key for success. For these students of whom do not fall under the circumstance where they qualify for financial aid they have to take out students loans that take years to pay off. In recent years the amount of student debt has been reaching an unimaginable amount as “Americans owe nearly $1.3 trillion in student loan debt, spread out among about 44 million...In fact, the average Class of 2016 graduate has $37,172 in student loan debt, up six percent from last year” (Federal Student loan statistics). With a six percent increase in
The rise of college tuition contributes to the ever so rising income inequality. The high cost of pursuing a higher education is very frightening. In the graph in Trends in Higher Education, the average cost to attend a public four year college is around $23,410 per year and average cost to attend a private four year college is about $46,272 per year (College Board). It is a staggering high cost that most Americans cannot afford. Although the U.S department of Education offers financial aid to students, the aid it provides is not an adequate source.
Why College Isn’t Worth It Attending college is something that many High School students look forward to as a buffer or a way to make the transition into adulthood easier, but a rising question has people considering: Is going to college really worth it? While some describe college as their best years, it leaves most attendees in debt and with a degree they may never use. Between tuition fees, traveling, housing, food, and textbooks, all college students are bound to owe at least a few thousand. In 2014, the average student loan debt was between 24,000 and 33,000, varying by state. “Seven in 10 seniors (69%) who graduated from public and nonprofit colleges in 2014 had student loan debt, with an average of $28,950 per borrower.
College is expensive, yes, but is it worth going? Many people struggle with the choice of going to college and being in debt or not going to college and being debt free. The choice of being debt free sounds good but in the long run, college is worth it. A study by the bureau of labor showed the weekly earnings and unemployment rates from people with less than a high school diploma up to people with a doctoral degree. The average weekly earnings for someone with a high school diploma is about 668 dollars.
One of the biggest issues our society faces today is paying for college. College tuition alone is expensive, but then they want you to pay for books, room and board, and basically to give up your first born child to go to school there. It is a hassle in itself to meet the certain criteria that colleges ask for. If you can get a full ride somewhere, you have to be Albert Einstein. It is all such an intimidating process once you get there, I’m sure.
Families, who have their own issues, now need to confront the challenges of concocting cash that they scarcely have all together for their child to get instruction at a college institution. Student loan debt is common and is anticipated for undergraduates to seek higher education subsequent to graduating from their high school. College tuition costs are soaring, and a majority of undergraduates experience issues paying for their educational costs. To pay for their college expenses, most students require loans and toward the end of four years, those wind up owing debtors. Student loan debt has an unremitting impression on the lives of those within its grasp, influencing the manner in which they make important life choices.
A subject that should be brought to your attention is the issue of student debt. This is a problem that affects over 40 million Americans, certainly enough people to draw your attention. While scholarships are made available, it certainly isn’t enough considering the fact that the average Class of 2016 graduate has managed to accumulated $37,172 in student loan debt. Personally, as a future attendee of college, these facts are startling. Having not come from a wealthy family, as many other Americans do, I wonder, what can we do to fix this issue?
Every hardworking student should be able to go college despite of how wealthy they are. According to the College Board, the average cost of tuition and fees was $32, 405 at private colleges, 9, 410 for state residents at public colleges, and $23, 893 for out-of-state resident attending public universities. Colleges are out of reach for many