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College Tuitions: Are Student Loans Worth It?

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Education is powerful and important, but College costs are increasing at a higher rate. Students, after high school, go on to study more and chose a career path, that seem interesting ,but students tuition continue to rise, making students gain more stress. In Addition, Scholars take out student loans, that might help lower their tuition, but after graduating from college, they have burdens that will be with them, until they pay off student loans. The life of a college student is categorized by how much they are studying, keeping attendance and communication with peers therefore, college tuitions give them less time because students are too busy working to pay for college than focusing on why they desired to go to college in the first place. …show more content…

Student Loans make create more pressure for the scholar and their family. Student borrowing student loans do not have enough to pay off the debt plus tuition. In state tuition and out of state tuition make a great impact because student who want to go out of state to study in a major, they will have to pay more. For Example, Kennen Estela and López, Estela, writers of “The Financial Needs of Community College Students” writes, “In 2006-07, average tuition at a community college was $2,361. This represents only 38 percent of the cost of the average tuition at a four-year public university ($6,185)… Financial aid poticies at the institutional, state and federal level have failed to acknowledge the need to support transfer students and increase the participation rates for students from lower-income families…” This exemplifies, student and their families are at higher risk of deriving loan and repaying them off, especially lower- income families. In Contrast, The Morrill Act of 1862, which was helpful and reassure that education would be available to people of all social classes. It gave higher education in America, by setting up institutions, which would educate people in professions that were practice at that time. As a result, The Morrill Act changed the look of education and space for growing and changing country and ensured that there would always be money to finance educational services and that it would have continual government support of these institutions. Also, in “The Financial Needs of Community College Students” she notes, “...As college degrees become more and more necessary for success in the work force, it is crucial that we find solutions to this financial aid situation. A 13 percent graduation rate just isn 't enough. Students should not have to pay, literally and figuratively, for lack of a financial aid system that addresses multiple points of entry to the baccalaureate degree...” Financial aid is increasing at a higher

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Journalist Sophie Quinton discusses how college expenses are constantly rising, though many states are now reducing instate tuition in her recent article, “States Move to Curb Rising College Tuition. Quinton informs readers that colleges are not only cutting college tuition, but freezing it. As a result student loans are soaring nationally, and schools are forced to become more efficient. Student loans are then causing debt, that later affects a students’ life in numerous ways. College students today, tend to lean towards nicer looking colleges, rather than a higher education.

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My parents always asked my brother, "How are you going to afford college with a McDonald 's salary?". College is expensive; every year we hear about the enormous amounts of loans college students will have at the end of the year. Due to this, society should encourage and keep allowing juniors and high school seniors to take Dual Credit classes in Pflugerville schools. Although scholarships and grants alleviate some of the costs, the amount of loans that students take out is very high; in 2010 "[student loan debt] outpaced credit card debt" (38).

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Many people dream of a life filled with riches, but that dream is hard to obtain without a college degree. It is somewhat ironic how people dream of being a successful student and going to college but the cost of tuition turns that dream into a horrible nightmare. It is not a shock to most people when they that college tuition is expensive, but in the past few years it has increased to an all-time high. Lower and middle class students have now begun to realize that college tuition is holding them away from their dreams. Even though college tuition could provide opportunities for job creation and economic growth, tuition is not affordable for the average American household which in effect, prohibits students from taking opportunities like going to college in the first place.

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However, it is still an issue for students to cough up that money. The idea of making community college free to any student in America has been a dream for low income students for a while. President Obama’s desire to make the tuition of community college to everyone in the nation would only make it difficult for students to get a free education, limit them to essential resources, and discourage students from applying to four year universities. Granting free community college tuition to incoming freshmen will draw “more students to already crowded community colleges”. Along with the overcrowded campuses, a very long waiting list will soon form making it just as competitive to get into a four year university.

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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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The ‘broke college student’ stereotype is funny until you get a taste of it. And if you are not scholarship bound, not upper class, or your parents have been worrying about your tuition since you emerged from the womb, you probably had to stomach this sour situation. With costs for universities increasing by the day, the young adults attempting to get their degrees are coming up short. Even with help from the government financial aid, gathering the money for books (with books ranging from $19 to $317 per class) and school supplies are taking the place of necessities such as food and shelter. Riley Grady is a current student on his second year at St. Charles Community college.

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Studying at university is an expensive investment. Tuition fees have a disincentive effect on the students who from the lower and middle-income families. As Bruenig states the statistice of the college students from the poor and rich families “ At age nineteen, only around 20 percent of children from the poorest 2 percent of families in the country attend college. For the richest 2 percent of families, the same number is around 90 percent. ” Also, most of those students want to achieve better lives so they attend the higher education.

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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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An accomplished educated life is what most students long for, they overcome hardships, make sacrifices, all to make their families proud and their dreams become a reality. Students of all ages, backgrounds apply for college every year in hopes of realizing their dream; some receive free education thru grants, financial aid, or parental assistance. Some students aren't so fortunate and for one reason or another, they have to pay for each semester to continue their education. Same as, students who finance or don't have to finance their education strive for the same objective, to eventually graduate. Among both types of students, the ones that pay for their education seemed to be more appreciative, diligent and committed to completing school than the group who received it for free, whom often take it for granted.

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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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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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The total U.S. student loan debt now surpasses $1.2 trillion and there is more than 40 million recipients owing on federal and private student loans (Malone). Most of the college students in the United States can’t afford their education by themselves and, as a result, students end up drowning in student loans in order to earn a degree. Student debt is a major problem in the US, and it is a major influence on the gap between rich and poor. A more accessible college education would help reduce the gap between rich and poor in the United States.

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Some college students are working part-time jobs and are full-time students. Perhaps, working through college will not always cover all of a student's education expenses including books, supplies, room and board. If free tuition is given, students will have further time to educate themselves. Moreover, college tuition and prices are at an all-time high. Each year, prices are rising higher and higher.

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In today’s world most people recently graduated from high school believe that whatever scholarships don’t cover a student loan must be taken out to cover the cost of college. This is never true. Everyone who takes out a student loan later regrets it. They are designed to look like a good deal, but in reality they are made to put college kids into debt. In the end student loans are the reason most people drop out of college.

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In today society, people have placed a high value on education; many believed that with a higher education they could obtain a better job. Many jobs are now requiring employee to have some sort of educational degree. The cost of college has increase 3 times faster than inflation (Baum, Payea 7). Financial aid is defined in the Merriam-Webster as “money that is given or lent to students in order to pay for their education”(“Financial aid”). As a result, many students have to rely on financial aid to pay for their college expense.

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