College Debt Essay

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College Debt Essay
Just out of college, you are searching for a job despite your lack of experience. You are engaged and soon to be married and your decisions will begin to affect more than yourself. After putting so much work into earning a degree, however, you find yourself loaded with debt from the expenses of a university which can limit the chances of buying a home, car, or other necessities for your new life as a self-sufficient adult. Every year, another group of graduates face the same problem – financial insecurity due to college debt. It seems nearly unavoidable for many people without having scholarships or aid, whether it is government or parental. As of last year, Americans owed nearly $1.3 trillion in student loan debt, spread …show more content…
However, in common problematic cases, this does not apply to certain individuals who may have left college before graduation meaning ‘debt without a diploma’. While rarer, concepts such as this leave said people paying more to get less, struggling to get a job and not being able to make ends meet without the proper education. This may throw off many statistics because of the investments in unfinished college, leaving graduates with even more debt than we …show more content…
Many might state that the government should provide more funds for education by simply raising the taxes of working citizens, but others disagree because this favors those in poverty but puts a strain on the middle and lower class. Though it is commonly the only solution addressed, there are many more in reality. Instead of raising taxes, funds could be transferred from government assistance or ‘welfare’ to paying for lower and middle class students’ college tuition. Once educated, the students would start a career, even if working in an entry position, to start a life to pull them out of the devastating poverty cycle where they would previously have had to choose between a poor paying job or a decent paying job but being in debt. Solutions like these that are also for the betterment of our country are often overlooked and should begin to be
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