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Argumentative Essay On Student Debt

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The word argument possesses multiple meanings which, like college argumentative writing, people have their own stance on. I have found that in college writing an “argument” is a claim or opinion on a topic to which the writer explains and supports his opinion using factual evidence. Furthermore, there are many different types of argumentative papers, one of them being a position argument. Similar to any argument, the goal of a position argument is for the author to state their viewpoint or opinion on a controversial topic and use factual evidence and research to convince readers that their stance is valid. There are thousands of controversial topics in the world today and many of them I have a strong opinion of. Some topics I would be interested …show more content…

Student debt not only puts an individual in a financial crisis but also delays major life events and decisions in their life. For so long the money earned with a degree out of college far outweighed the money made without. However, as the dollar continues to lose its value and jobs continue to keep the same wages, students with college debt can hardly breathe let alone begin a life of their own. More and more we see college graduates drowning in their student debt, struggling to find a job, even having to live back with their parents to make ends meet. Sadly, these are just some of the struggles that debt imposes upon the common person. Furthermore, student debt has been linked to delayed first-time home buying, getting married, starting a family, and retirement. Nowadays, the money to obtain a college degree is hard to justify when there are thousands of degree-free jobs that pay the same if not more salary than jobs that do require a …show more content…

The working class, which contains the majority of college attendees, are told over and over again that a bachelor's degree is the key to success and social freedoms. However, what many do not realize is the drastic cost that obtaining that degree has and the crippling effects that cost has on life. Today, those social freedoms can be obtained without the burden of debt. For example, while a mechanical engineer comes out of college with $20,000 of student debt and gets a job that pays $60,000 a year, another individual is making $55,000 right out of high school working for Amazon with no debt at all. Unfortunately, the fact that jobs that require degrees pay only slightly more and even sometimes less than degreeless jobs is a sad reality that individuals need to realize. Why spend years of time, effort, and money on obtaining a degree when you can start earning good money right out of highschool? On another note, paying off student debt can no longer be done in a few years. Furthermore, the average student loan takes around 21 years to pay off. 21 years where that money could go towards buying a house, buying a car, starting a family, or saving for retirement. As you can see, student debt is hardly “worth it”

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The Student Debt Crisis The look into college can be frightening these days. College seems to be an overwhelming topic because of the expenses. Over 50 million college students are in debt in America, collectively owing almost over 2 trillion dollars. The student debt in America is a serious problem for many young Americans trying to get a higher education and continue on with their lives as adults.

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Burden of College Debt College is meant to be a chance to introduce new opportunities to growing adults, and to offer them a career path that will sustain them financially. It's a way to reach for the above and beyond and make one’s dreams possible. However, college is frequently accompanied by hefty student loan debt, leaving the achievement of those dreams completely out of the question. Even after obtaining a good college degree, students are often tied down by their student loans, which can significantly impact their future prospects.

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When you have a mortgage to pay and an enormous debt to pay off, it can make it very difficult for borrowers to make an investment in a house. (Porter). “While a college education still tends to increase overall career earnings by a significant amount (about $1 million more than someone with no college education), it can take a long time for graduates to come out ahead compared to people who take on no debt” (Porter). Although university increases job offers and salary, student debt takes a toll on other life essentials. Student debt becomes a chain holding the graduate back from advancing in

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Since tuition has risen 3 times higher the rate of inflation in the past 10 years, this increase a student’s chances of not being able to afford higher education and also gives them a better chance of accumulating debt post-graduation. Some people think that the college education they acquired did not fit the amount they paid for it, even if they pulled out loans or were an ideal candidate for a scholarship. This is a scary fact because higher education can determine if you thrive

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We have seen that student debt can influence the path on which life lies quite heavily. Student loans can take a fair amount of debt and transform it into lifelong expenses comparable to mortgages. Essentially college debt is the outcome of an extended failed loan repayment. “And unless wages increase and college costs decrease, students will still need to take on debt to complete degrees, and they’ll face greater difficulty repaying loans.” (Helhoski, para. 2).

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However, student loans are not offered to every student and if a student was to receive a loan they still have to pay it back fully or with interest. for instance, “1-3 trillion dollars of student loans, and 6 million vacant jobs that no one is trained to do” (rowe, E). Not only is there over a trillion dollars worth of debt that needs to be paid off, there are also millions of jobs that are not filled because of a large skill gap. it was also stated that, “students today are taking on More debt, and recently Tiding bankruptcy laws make it more difficult to shake that debt” (Wicker, F). All summer saying colleges or cheaper, they are wrong because the initial cost may be cheaper but the amount of debt that is left over is very large and paying off his debt because for a teenager who is learning and looking for a job while making no

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Introduction Americans have almost 17 trillion dollars in debt in total in April of 2023, in which around 10% of that debt is student loans. Student loans are a big issue because they contribute to the harm of many student's careers early on, delaying when Americans buy houses, cars and other financial decisions. Student debt is a big dent in the economy, but many say that this is a nessasary evil, required for the population to afford their education. Student debt could mean the difference between your dream school and job but also comes with the downside of debt before your first job. Student debt is problem for many students across the globe but is a big problem In the US.

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Loans allow receiving a college education seem like a smoother process considering that such a hefty amount to pay is divided so that it can be paid for in moderation. Despite the fact that it’s split into many payments, it’s still a large quantity all in all so unless indebted students aim for high income jobs, there would many years of difficulty to come after college. For this reason, undergraduates make it their goal to go after jobs which would prevent them from being constantly pressured to pay off debt. Thus, student debt is both a crisis and a reason to encourage persistence towards greater ambitions (Hillman, 41). It is a tremendous thing when a student seeks to be financially comfortable or even rich in the future but not when it is for the wrong reasons.

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According to the last recording of student loan debt, the total amount of the United States student loan debt is roughly one and a half trillion dollars (A look at…). Statistics like these present the urgent need to resolve the major financial issue of student loan debt. Solutions have been given by many people to solve this issue but most solutions fail. The main reason behind student loan debt is falling to far into debt to the point where it is almost impossible to come back. The origin behind all of this is a lack of a student loan amount cap.

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More than forty-five million Americans are currently suffering from student loan debt. Student debt has been an ongoing dilemma for decades. People have opposing opinions on who is to blame for this conflict, with one side believing the parents’ and students’ are at fault, and the other believing the colleges are to blame. Although there have been many plans to help solve this issue, it unfortunately still remains a problem. Student debt in the United States is an issue that affects current and former college students and can be solved by forgiving or decreasing student loans.

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Society often believes college is a necessary experience for a better future, but I argue that the future will not be any better when student debt becomes a part of life for those who follow that mainstream belief. Most parents often dream of the great colleges and universities that their children will get accepted into; however, they fail to think of the cost to attend those institutions. Financial aids! Financial aids! Yes there are financial aids that students can apply to lessen the student debt.

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The tuition and cost of college is detrimental to thousands of families across the country and brings student debt to future graduates. Some students have seen their debt climb over $30,000. Friedman writes, “The average student in the Class of 2016 has $37,172 in student loan debt…” (Friedman). With the debts being over the average income for single people households, college has transformed from a benefit to a burden. Young adults not only have to worry about their education but also paying for the next semester or years of college ahead of them.

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Most of my friends who are currently in college have between 5000$-20.000$ in federal and private loans. In many cases, besides for the loans, students have to work and study at the same time, which results in a stressful life for the student. In fact, many students are not able to finish their education because, since they can’t afford it, they have to work over their studies. Out of all the possible reasons to drop out of college, “the No. 1 reason many young adults drop out of college is an inability to juggle school and work” (Johnson). Finishing college is the most decisive forecaster of prosperity in the workforce and the inconsistency in college completion between children of rich and poor families duplicated since the late 1980s (McGlynn 55).

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Student loans can be helpful, but when it's time to pay back, it can lead to future mental struggles and be stressful and hold you back from living the life you want to live in the long run. The student loan debt crisis in now only taking a huge toll on the personal lives of many Americans, but on the economy as well. Whether or not students graduate or not, if they pulled out student loans worth $200,000 they remain in debt for a remainder of years. As the problem continues to grow it becomes more and more critical to find a solution to help the well being of everyone in the nation, student or

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As a High School Junior looking at jaw dropping tuition prices, my family and I often ask ourselves a question I’m sure many other American households are challenged with: Is a college degree actually worth it? Once you look past the recent unemployment rate for college grads, you’ll find that a college degree proves to be highly beneficial once placed in a career. Degree holders often enjoy benefits such as higher pay, higher-skilled work, and an intellectual advantage over their coworkers that do not have a degree. These benefits often outweigh the seemingly outrageous cost of college, making the price tag more than worth it.

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