Lack Of Student Debt

Words: 480

Pages: 2

Open Document

Should people have to pay for college and is it worth it? This is a debatable topic that is talked about by people all through the world where college is available. From student debt, loss of money, graduates not getting good jobs, college doesn’t seem like it is worth what you pay for. Students debt could cause another financial crisis. In the article “Looking for the next crisis? Try student debt” it states, “The high levels of student debt are also serving to perpetuate and even worsen economic inequality, undercutting the opportunity and social mobility that higher education has long promised.” Interpreting that our economic wealth is slowly decreasing. America is also $19.3 trillion in debt and that money going to student loans could be used to help pay America out of debt. …show more content…
In the article “Is a college education worth it?” it says, “Between 2003 and 2012 the number of 25-year-olds with student debt increased from 25% to 43%, and their average loan balance was $20,326 in 2012--a 91% increase since 2003. 10% of students graduate with over $40,000 in debt and about 1% have $100,000 in debt.” Paying back student loans every month is very stressful and can hold you back from pursuing your career and becoming financially independent. Students should be able to graduate with the ability to be successful in the real life without having to deal with student loans holding them back. The point of college is to make you successful, but how is that when you have student loans stopping them from doing

The Pros And Cons Of College Debt

College debt is becoming more of a drastic problem in the United States with the rising costs of college tuition. In “Why the Student Loan Crisis Is Even Worse Than People Think” Mark Kantrowitz expresses how the issue of student debt in America is to be blamed by the government’s lack of action. In “Is College Doomed?” Graeme Wood expresses the benefits of the new and innovative university Minerva. A perk about this university is that it includes the cheaper tuition than other ivy league schools…

Words 1274 - Pages 6

Essay on School: Higher Education and Free Higher Learning

Obtaining higher education is one of the key fundamentals to acquiring the potential for better career opportunities. Cost is one of the important factors when students are considering attending a college or university. Despite the controversy of how and who should be paying the cost of higher education, higher education should be funded by those who have the desire to further their education. If higher education was free, there would be increased taxes, the quality of education would decrease and…

Words 545 - Pages 3

BUSAD 523 Current Event SRP 5 16 14 Essay

BUSAD 523 5/16/14 How Student Debt May Be Stunting the Economy Written by Neil Irwin | May 14, 2014 | Source: nytimes.com This article focuses on the issue of student debt in correlation to a weakening economy. Student debt in this country has been climbing with no end in sight. More and more young adults in their 20s and 30s are choosing options to either room with other people or go back home to save money and pay off their debts. This is delaying the purchase of a new home or a new car, or whatever…

Words 339 - Pages 2

Young Adult Courage Essay

Catherine Panczner Mr. Raspa Composition 1 14 November 2014 Hope in Courageous Adjustments In “Strapped,” Tamara Draut contends that sacrificing values in order to make a profit, a lack of opportunity, high student loans and easy to attain credit has programmed this generation to acquire debt early. This leads them to accept debt as a way of life as they are catapulted into a vicious cycle of repayment and survival; all while being criticized by the generation before them. Throughout the excerpt, Draut…

Words 1006 - Pages 5

A Brief Note On Confronting Inequality

percent of Slovenian college students graduated within four years, 85 percent of college students in Poland finished college within four years, and behind 22 other nations, only 70 percent of college students in the U.S. graduated (Graduation Rates). For years our nation has been on a downward spiral in the education department. There is never one thing that causes the problem; there are many key factors such as rapid growth in tuition over the past couple of years, lack of aid, and unfair advantages…

Words 1520 - Pages 7

College Debt Essay

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…

Words 762 - Pages 4

Student Loan Debt

million people are in student loan debt. The average student has $32,731 in student debt. Student debt is the 2nd largest category of consumer debt in the country. Because of this, only 50% of people have a college education. Affordability is one of the main reasons why people don't go to college. College should be free so more people have the opportunity to further their education, regardless of their financial situation. According to BestColleges.com, “affordability, or lack thereof, is the main…

Words 824 - Pages 4

Student Debt Failure

Student Loans: Future or Failure? When graduating seniors go off to college, they expect to be embarking on a journey of self-discovery as they chart the course for their future careers. Unfortunately, for most, this is not the case as they are saddled with mountains of debt on top of the preexisting rigors of higher education. In 2016, student debt reached a record-breaking $1.3 trillion dollars, a sum that restricts the financial freedom of both students and graduates and even has the possibility…

Words 1746 - Pages 7

Drowning In Debt

Drowning in Debt Getting into college is a huge accomplishment in anyone’s life, but no one seems to prepare one for the stresses of student debt that come with it. A student loan is designed to help students pay for university tuition, books, and living expenses. It may differ from types of loans in that the interest rate may be substantially lower and the repayment schedule may be deferred while the student is still in school. In the past decade, student debt has surpassed $1 trillion, an increase…

Words 2016 - Pages 9

Credit Card Companies Essay

Hooked on Credit Cards Credit card companies love to extend credit to college students. You see ads for these cards on campus bulletin boards and also on the Web. Why do companies market their product to a population that has no job and lacks a substantial credit history? They seem to be trying to hook us on their cards; unfortunately many of us do get hooked on a cycle of spending that leads to financial ruin. Banks require applicants for a loan to demonstrate a good credit history and some evidence…

Words 457 - Pages 2