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College Debt Essay

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“It is not where you come from. It is where you are going that counts.” As aforementioned, Ella Fitzgerald says this to anyone at any stage of their life. She emphasizes the importance of looking ahead into your future, whether applying to college, improving upon your mental or physical health, working a job, or spending your life with a perfect person. This message is heavily put on college students and all their future decisions. Outside forces, such as debt, take a toll on scholars as they try to proceed in life, making that desired place they are going off the beaten path. Due to the financial demands that colleges stress on students, college debt affects physical and mental health, home zlife, and much more than what meets the eye. The …show more content…

In terms of college, this quote is very enthralling because the money made that is going towards college debt will disenfranchise somebody. Now till the end of time, whether students have money to spend or not, there will always be a visible imbalance between the two. After college, most people do not appreciate how long it will take them to repay. In the United States, as of 2023, the student debt price is over 1.6 trillion dollars. If you also take into account paying this off day by day, all experiences will have to be changed. Going to parties, out with friends, or money in case of emergency will always be a questioned thought due to one’s financial situation. Paying off debt is vital to one's credit score and ability to secure loans. While exploring the article, “Debt Burden after College” states, “The amount of debt a student accumulates by graduation can influence an array of decisions and experiences.” This quote means that the money due at the end of a student’s college years will not only influence but affect the rest of a student’s life. Choices such as what you want to do with your life and who you want to be in it can change …show more content…

If it targets your mental and/or physical health it will leave you with problems that no form of education is worth the risk of health. Moreover, the employment rate of workers in college has grown so much over the years. Students are becoming burnt out because they need to make a steady income to pay for their teachings. Another thing to mention is that people will have fewer opportunities or experiences because they will not have enough money. College finances soak all the money out of students making parts of their life incomplete. To add insult to injury, families will be ruptured creating problems that might never be fixed again. As you can see, while colleges provide excellent courses to further education, they also have calamitous effects. The pessimistic consequences on students due to the financial demands that colleges stress on students, such as college debt affecting physical and mental health, home life, and much more than what meets the

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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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Most college students are already deep in debt before they finish school, as stated by the American Psychological Association, “College students in the United States graduate with an average of $29,200 in student loan debt. ”(American Psychological Association). College students accumulate just under $30,000 dollars in debt before their careers even begin, which means that they have to live frugally to meet the demands of their debt. Their struggles can get so bad that some college athletes report not having enough money to be able to travel home during the holidays or to pay for food (Compensation for College Athletes). College students put their health and well-being aside to work toward their futures.

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Students’ loans are the help to achieve students’ goals. However, students’ paid a higher price for have a better education, but they never imagine that to finish a bachelor or master they are condemned to carry a huge loan on their life as having to return all the money they got for finishing their education. According to, Real Life Student Debt Stories, Scrubb White said, “I will not got into debt never in my life,” (Par 7). Scrubb White It is one of many people that living with an enormous burden for many years for a student loan duty; he graduated with honors in 1974 with a degree in Accounting.

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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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