Student Debt Crisis

Words: 1470
Pages: 6
Open Document
College costs/Student Debt Crisis
“The average worker with a bachelor’s degree will earn approximately one million more than a worker without a postsecondary education” (College Affordability and Completion….”). College students are excited to attend college because students become an adult and are able do a lot of thing by themselves but there is a lot of debt that the students have to deal with, within their first year most students do not want to return. Before a student attends college they need to realize the total cost of college not just tuition but also room and board books, and transportation ("Improving the Financial Aid System…"). Most students attend K-12 grade which is free because it is a public school but once a student graduates …show more content…
Colleges are able to adjust the prices on what students get from FAFSA like grants and loans that students do not have to pay back (“Improving the Financial Aid System…”). Colleges have made it a little bit easier for students to compare their top colleges to figure out which school is the most affordable and also which schools have the best programs for the major that students would like to pursue in by using a simple website called College board ("Improving the Financial Aid System…"). College board is a really good resource because not only do they allow students to compare their top schools to figure out which one is right for them but also gives you a chance to take the SAT and distributes the scores back so students can send scores to almost any college. The purpose of the website is to ensure that students can afford colleges without having a lot of debt on them in the long run ("Improving the Financial Aid System…"). Participants want colleges to have a better graduation rate and they want more students to fulfill their entire four years at the college or university that they attend. Although this is desirable it is hard by students need money to pay for colleges ("Improving the Financial Aid System…"). The main purposes are for students to maintain a college education without have to take out a lot of dept. ("Improving the Financial Aid System…"). Students need to realize if they search on the internet there are numerous scholarships and ways that the government can help pay for college, students just need to put the effort in and look (“College
Show More

Related Documents: Student Debt Crisis

The Myth Of The Student Loan Crisis

The amount of debt college students are acquiring through loans is higher than ever before. According to statistics given in the introduction, “[o]verall student debt now tops $1 trillion, making it the single largest source of consumer debt” (citation). This fact alone is enough to make young adults filled with potential second guess the decision to go to college. Although some students pay for college with grants, scholarships, and out-of-pocket money, most are left with the harsh reality of taking…

Words 505 - Pages 3

Student Loan Crisis Essay

face. Most students, during their secondary education, are encouraged to do well, with studies and/or extracurricular activities, in order to get a college scholarship. Nowadays, scholarships usually do not cover the full cost of college, and loans are still needed in addition to them. In order to get a college education, a majority of students, with and without scholarships, must take out a loan, but with loans comes debt. The student loan crisis is a problem because of the cause of the debt, the short…

Words 579 - Pages 3

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

Student Debt Analysis

with Student Debt (Analytical Paper) From the media to the web, people have been deceived with the misconception that student debt is a major issue in our society. Student loan debt accounts for $1.3 trillion of the debt in the USA, according to The Economists report in 2014, from 44 million people at a median of approximately $37 thousand per debtor. Although student debt is a major issue in our society, the issue is currently debated and viewed solely on reasons to blame for this major debt. I believe…

Words 550 - Pages 3

Lack Of Student Debt

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…

Words 480 - Pages 2

Synthesis Essay

Student Loan Debt Crisis Taylor Hinkes Date Topic Category Title of Article Source 4/28/14 Student Loan Debt Student Loan Debt Crisis? forebs.com 7/3/14 Student Loan Debt College Debt and Home Buying nytimes.com 3/3/14 Student Loan Debt The long term impact of student loan debt usatoday.com 12/5/13 Stud…

Words 1391 - Pages 6

5 C's Of Credit

mortgage interest rates, low short- term interest rates, a relaxed standard for mortgage loans, and an irrational quality of excitement that all led to the bursting of this speculative bubble”. Most students are entering college without the funds to pay for it requiring them to apply for student loans which have hit an all- time high of $50,000 plus in some areas of the country. Although you don’t have to repay it right away, there is an accrue interest on them. Many undergraduates are not having…

Words 615 - Pages 3

How To Reduce Student Loan Debt

internet). However, attending college can guarantee a near insurmountable mountain of student loan debt that one has to pay for out of pocket for the rest of his or her life. Student loans can cause a variety of problems for individuals. They are not only a financial burden, but they also stop many people from even going to school. The cost to attend a public university has doubled since 1988 (Lewis internet). The crisis is struck by affordability to attend school. Many young Americans refuse to go to…

Words 554 - Pages 3

Essay on the burder f america's debt

Debt is something that not many worry until they are in the one with the debt, just like unemployment, and many other issues that are currently affecting many Americans. United States is currently in a 14 trillion dollar debt deficit which is still growing. According to Damian Palettain his article from Wall Street Journal states, “U.S. debt has reached $14.213 trillion on April 8, 2011, just $81 billion under a limit set by Congress.” (Paletta, pars. 5-6) United States debt deficit began…

Words 2361 - Pages 10

Paul Tough's 'The Inequality Machine'

She would much rather go right into the workforce than risk being thousands of dollars in debt once she receives her diploma. The rising strain of attending college has led to a re-evaluation of its overall worth. The impact of rising tuition on students’ financial well-being and overall economic success cannot be overstated. Therefore, it is important to address the root causes of the college financial crisis and develop sustainable solutions to reduce and prevent its effects. While rising tuition…

Words 3034 - Pages 13