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Argumentative Essay On Student Debt

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The word argument possesses multiple meanings to which, like a 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 for many of them I have a strong opinion of. Some topics I would …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 being a life of their own. More and more we see the college graduate drawing in their student debt or the college graduate struggling to find a job or even the college graduate 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 the 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 burdens 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 highschool 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 into obtaining a degree when you could 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 be going 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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782 Words | 4 Pages

Some students will be paying off student for the rest of their lives, or have as much debt as a small house. Steinberg argues that debt is not good for you and some students won’t graduate and be in debt without a degree. College graduates sometimes struggle to find work and feel overqualified for jobs they do accept. Leonhardt argues that college is an investment that pays off down the road, the "true cost of a college degree is about negative $500,000,” Leonhardt declares. The wage gap between those with a degree and without a degree continues to grow and was at its highest as of 2014.

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203 Words | 1 Pages

In the article “Debt Education: Bad for the Young, Bad for America”, Jeffrey J. Williams explains the damage student debt causes past and present college students. Williams argued that more than half of the college students and their families are in debt from having to make such large payments toward the rising costs of colleges. Though, Williams also states a higher degree or education will lead to a high income and all around better jobs, the risk of being unemployed after college is too great. This is considered to be good for individuals, as it will maximize their economic potential. It is also good for society as a whole as people are getting better education, and rising to greater expectations in the world.

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2162 Words | 9 Pages

Do you know how the cost of college, including tuition, fees, and living expenses, weighs against the potential benefits of obtaining a degree? Both Stephanie Owen and Isabel Sawhill, authors of "Should Everyone Go to College," and Charles Fain Lehman, author of "The Student Loan Trap: When Debt Delays Life," discuss these significant beneficiaries in their writings. All authors cover the burden of student loan debt that can permeate various aspects of an individual's life, affecting not only their financial well-being but also their mental, emotional, and physical health. Firstly, to start off, in Stephanie Owen and Isabel Sawhill’s essay “Should Everyone Go to College” they explore the debate surrounding the idea that attending college is necessary or beneficial for everyone. Owen and Sawhill

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773 Words | 4 Pages

He argues, “Even if they get the degree, they’re stuck with a huge bill..” (Reich 398). Although it is true that college can leave many in debt, that debt can be filled with a higher-salary job obtained due to having a degree. The only inconvenience that can be found in a college education is the cost and temporary debt that will be seen as worthwhile in the future. There are so many factors that weigh into why college is essential, but very few logical arguments are against it.

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481 Words | 2 Pages

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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1145 Words | 5 Pages

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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1451 Words | 6 Pages

More than 40 million Americans have student loan debt which is about 1 in 5 U.S. adults. For as long as education has been pursued, college has been a thing. Along with college comes tuition and other college expenses which are not cheap. Since the early 90s, students and parents have been suffering from student loan debt. In fact, according to the United States Department of Education, the average student loan debt has more than doubled from 1990 to 2010 and is continuing to rise (ProCon.org).

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1994 Words | 8 Pages

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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1032 Words | 5 Pages

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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1003 Words | 5 Pages

However, when having a job may help with college debt it is also important to recognize that it does not help entirely when work starts to become more of a priority over school. As well as, young students may not be able to acquire a good grasp of how too take care of money properly and to evenly spread finances across all needs and wants. And secondly as another alternative solution could be starting out slowly and going to a community college so that college debt can be slow and that it will be more bearable to handle when going to university if that is a choice to pursue even further for a student’s education. In the article, ‘Paying for College Without Loans, Scholarships, or Looting Your Parents Retirement” it writes, “We’ve seen something of a devaluation of a bachelor’s degree in the job market.” (Steinberg

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1437 Words | 6 Pages

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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817 Words | 4 Pages

The phrase “education being worth it no matter the cost” has been drilled into students as well as their families. This has led to student loans eclipsing a total of $1 billion every year, and in total reaches more than $1 trillion. While most loans don’t have to be paid off until after graduation, many students aren’t able to find jobs to subsidize the loan payments once they have

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771 Words | 4 Pages

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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901 Words | 4 Pages

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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378 Words | 2 Pages

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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