ipl-logo

College Debt In College Essay

948 Words4 Pages
bulb-icon

Recommended: Student debt effect on students

So many successful adults till this day are paying back their college debts. Over the years, some are able to pay back their debts in college and others are not able to and are still struggling, due to having to pay other debts that they may have. In some cases, some people drop out of college just so they will not have to owe so much money, but to drop out for that reason is not good. There are several of ways to stay away from college debt and that is getting scholarships, saving money before going into college, and also attending a community college instead of jumping to a university. College debt is a large amount of money that a college student will have to pay back within a certain amount of years after graduating. There are successful business owners, doctors, and lawyers still paying back their college debt. People now are having to pay loans because of school rather than paying credit card loans. Some people do not …show more content…

Saving up money while in high school would be an advantage and give that boost that others do not have. “...$6 per hour of that throughout high school have $24,960 in savings by then he starts college”(Steinberg 13). If a student were to start saving up while in high school they would have the money already in college and will not have such a big debt as they were to have with not saving up any money. Two jobs will also help. One job check can go to yourself and payments and your second job payment can go to college. It is better to have money saved that will only go to college rather than to try to be last minute and get money just to make it through the first semester of college. One issue with working 2 jobs or saving money is that it can take away a lot of someone's time and they can end up missing a lot in life. The worse that can happen really is you are behind a less of money, but it’s always better to have a little debt than a huge one that will take 20 years to pay

Show More
Related

Analysis: Is College Really Worth The Cost?

651 Words | 3 Pages

Many college graduates are facing unemployment, leaving students and parents to question if college is worth the cost. The answer is no. Student debt has significantly increased. “If you get this wrong, it’s actually a mistake that’s hard to undo for the rest of your life”(Peter Thiel co-founder of PayPal). Peter Thiel is explaining that today 's students are taking on much more debt, due to recently tightened bankruptcy laws that have made it more difficult to get out of debt.

Read More

What Is The Credit Card Companies Role In Causing Student Debt By Carlos Macias

948 Words | 4 Pages

When people think about college student?s financial status, they often think they are going to be broke from student loans. What most people do think about when it comes to college students is credit card debt. And if people do think about it, the students are often blamed for the debt because many people still think they are you kids who are irresponsible when It came to money. In the article, ? The Credit Card Company Made Me Do It? ?

Read More

Student Debt Pros And Cons

940 Words | 4 Pages

On the other hand, there are a variety of ways to pay off or not get into student loan debts, such as: scholarships, jobs or saving and community college. As one can see, in the article,” A Generation Hobbled by the Soaring Cost of College”, it states that people have to give up some things in order to pay off college debts. Because of people not knowing

Read More

Massachusetts Board Education Essay

727 Words | 3 Pages

College debt is only increasing, “two-thirds of the class of 2011 owed 26.600.” According to Ellis of CNN Money, “the increase comes at a time when unemployment has remained stubbornly high for college graduates - 8.8% for 2011.” Most kids would rather party when they get out of high school then get a job, therefore students who have parents with steady jobs will have an advantage over the

Read More

Should College Students Get Paid After College

945 Words | 4 Pages

Loans can quickly turn into a substantial amount of debt by the time a student completes their standard 4 year degree. As a result, this debt can carry on throughout their adult life and make starting that life more difficult. “A record share of students are leaving college with a

Read More

How To Increase Student Loan Debt

380 Words | 2 Pages

Student loan debt has been a big issues for a while now which is caused by the high price college tuition that has more than doubled in the past fifty years in the United States. According to figure 1, in the past five years alone the tuition price has increased an average of 11 percent (see appendix). With the serious rise in tuition many students have taken out loans which means that more and more graduates from college are not only leaving with a diploma but also with debt. "7 in 10 college seniors graduated in 2012 with student debt, which on average was $29,400" (Lundberg 1). 70 percent of all the graduates are already in debt stepping out of college and moving into the real world trying to start a career in society for the first time which means that they will be starting in a hole and will have to work much harder to dig themselves out.

Read More

Essay On The Cost Of College Tuition

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

Read More

Why Is College Worth It Essay

1151 Words | 5 Pages

But for many families the high cost of college streches budgets to the limit and forces students to take on increasing amounts of debt (“ Reasons To Save For College”). By saving money and hopefully having good savings you could easily save yourself a couple thousand dollars by just simply planning and saving for

Read More

Student Loan Forgiveness

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.

Read More

Argumentative Essay: Is College Really Worth It?

595 Words | 3 Pages

The value of college debt is almost equivalent to developing a small business instead “a co-founder of PayPal, will pay each of the 24 winners of his fellowship $100,00 not to attend college for two years, and to develop business ideas instead” (Source E). If more than 24 people did that for themselves, they could make a good investment instead of a risky one towards college. Wanting a higher education means that, “Students today, are taking more debt, and recently tightened bankruptcy laws make it more difficult to shake that debt” (Source E). Therefore, making a useful investment, instead of a risky one can help get rid of debt quicker and

Read More

Argumentative Essay On Student Debt

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.

Read More

Rising Cost Of College Essay

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

Read More

Argumentative Essay: The Cost Of College

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.

Read More

Student Debt Argumentative Essay

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).

Read More

Argumentative Essay On Student Loans

378 Words | 2 Pages

Forgiveness programs can be lifesavers for borrowers drowning in student loan debt (Snider 1). However, jobs for recent grads are harder to find and salaries are lower, but that won't last forever; in spite of all of this, the data make clear that getting a college education is still a good idea. College graduates earn more and are more likely to have a job in the first place, and is especially important for some Americans (Webley 2). According to the Bureau of Labor Statistics in 2010, the unemployment rate was 9.2 percent for those with only some college and more than 10 percent for those with just a high school degree, but it was 5.4 percent

Read More

More about College Debt In College Essay

Open Document