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Essay On Student Debt

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Do you want to got to college? College graduates on average earn 22,000 dollars more a year than a high school graduate (College Board). College is expensive, and you leave with a huge load of debt but when you get a high paying job you will be able to pay off all loans in a few years. When you have a degree your chance of being laid off is lower than a high school graduates would be. School is important for a good job. “You have to stay in school. You have to. You have to go to college. You have to get your degree. Because that's the one thing people can't take away from you is your education. And it is worth the investment.” (Michelle Obama)
According to The U.S. Bureau Of Labor Statistics (BLS) a high school graduate will only make 651 dollars a week on average. When you add the math together that's only 33,000 dollars a year. …show more content…

“The cost of college education today is so high that many young people are giving up their dream of going to college, while many others are graduating deeply in debt.”(Bernie Sanders) Casey Bond, who wrote “Why College Isn't Worth The Cost” states “Student loan debt load for a 2014 college graduate has ballooned to $33,000, which according to The Wall Street Journal, is nearly double the amount students had to borrow 20 years ago.” who in their right mind would want to have debt follow you around, those people are the ones who want to grow mentally. “Is College worth the cost? Many recent graduates don't think so.” By Jeffrey J. Selingo states, “how to get into college or how to pay for it — causes so much anxiety among parents and students: it’s because the bachelor’s degree is seen as the only entry ticket for basically any good job, what the high-school diploma was 40 years ago.” Students with a higher degree have a chance to make a lot of money you would pay off the debt in 4 years or

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According to the article “Should Everyone Go to College” by, Stephanie Owen and Isabel Sawhill; they discussed the different controversies about a college education and some of them are loans and debts, the disservices of college, and finally, comparing the annual earnings of a college graduate and a high school diploma achiever. Owen and Sawhill say that for certain students or individuals that may not be a smart investment because of the rising cost of tuition. For example, most college students are more dependent on financial loans than in the past, creating serious debt for themselves and the federal system. For example, if an individual goes to college and receives financial aid and they aren’t committed to completing assignments and studying

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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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“Is college still worth it” is a news article by Brian Kelly and he evaluates the pros and cons of both going to college and not going. Brain however does give more information as to why going is the better bet which leads me to believe he believes going is still worth it. Brian argues that it is better to go to college because of both the social gains and the finical gains and argues that despite the debt it is still worth it and people are better off in the end. First, he discusses the physical cost of school. He goes into detail about how college graduates will make more money in their life time and thus will have the ability to pay their debt off.

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Is College Really Worth the Cost? Most American goal in life is to earn a living when they come out of high school. But, maybe it isn’t really necessary that high school graduates need to feel ad if they are being rushed off to college. People who are hustled off to college discover that they would much rather be learning how to build things or fix things. College students and graduates are facing debt, unemployment/ drops in wages, and some would rather learn with their hands.

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Many jobs require a higher education level than a high school diploma. The downfall to college is the price. College tuition can easily cost thousands of dollars. The main concern for future college goers, is a question every student should be asking; is college really worth all the debt? The answer is absolutely, one hundred percent yes!

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According to the Georgetown University Center on Education and the Workforce, those with a bachelor degree will earn approximately $2.3 million. Is the time and cost associated with a college degree worth it? What if the student had to borrow a lot of money to attend college? Mike Rowe argues that collectively college graduates hold 1.3 trillion dollars in debt, and no real job skills that match job openings that actually exist. The statistics and data show that traditionally college graduates make more money.

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Opposingly, Source 2 states, high school graduates make less than the four-year degree graduate. But in fact, high school graduates can make up to 62 percent of what a college graduate can. Especially since most of it did not toward the rising college tuitions and exponentially high rate of student

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College Education and Student Loan Debt Is a college education worth the student loan debt that accompanies it? Some argue this point but the salaries that come with a college education, with a degree, can pay this debt. The salaries for a person with a degree and college education is higher than those who have not attended college or have a degree (Bielagus).

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According to Andrew J. Rotherham’s article “Actually, College Is Very Much Worth it. ”he states, “Meanwhile, 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 for college graduates.” The data Rotherham provides shows that even with some college education, you have a higher chance of getting employed than those with just a high school degree. The one group that outweighs all the others is the college graduates proving that with a college degree unemployment is less likely to befriend people who do pursue college. Some people might say that there are loads of jobs that do not require a college degree, especially in this time and age.

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Even if you get the ideal job you still will be paying off a lot of student loans. Unless you can get scholarships. Which are pretty hard to get unless you have super good ACT score or have athletic ability to get a scholarship. Education is so important, but I just don’t know if people realize that or not. College is a huge part of going out there getting an education and getting a job that you can support your family or just have enough to support yourself and know that

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College is not worth the cost because you are not guaranteed a job. There is a high chance of debt because of the costs. The imperative of the last 20 years to round up every warm body and send it to college, then to the cubicle, was tied to a vision of the future in which we somehow take leave of material reality and glide about in a pure information economy. If the goal is to earn a living, then, maybe it isn’t really true that 18-year-olds need to be imparted with a sense of panic about getting into college (though they certainly need to learn).One shop teacher suggested to me that “in schools, we create artificial learning environments for our children that they know to be contrived and undeserving of their full attention and engagement.

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Thousands of dollars are wasted each year and most college graduates are unemployed or underemployed. Colleges create a tremendous amount of debt, therefore a college degree is not worth it. College is not worth the struggle because, loans do not get any smaller, many students do not even graduate and vocational school is always left out of the picture. Student loans will not get smaller, in fact student loans are growing and this debt causes students to continue to live with their parents. This debt overwhelms students, causing huge amounts of stress and many students can not handle it.

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701 Words | 3 Pages

The first thing that they might bring up is that college education makes more money which in return can pay off your student loans as said, “While the income for those with a bachelor 's degree was $65,482, and $92,525 for those with advanced degrees. [110] The median income for families headed by a bachelor 's degree holder was $100,096 in 2011.” (college-education) The next point they might bring up is that more and more jobs are requiring people to have some sort of college degree as said here, “According to a June 2016 study, 99% of job growth (or 11.5 million of 11.6 million jobs) between 2010 and 2016 went to workers with associate 's degrees, bachelor 's degrees or graduate degrees. [104] Based on economy and job projections calculated by Georgetown University, in 2018, approximately 63% of jobs will require some college education or a degree.

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One source that supports this claim is from the article “Even with Debt, College Still Pays Off” by Gillian B. White. White states “According to data from the New York Fed, college graduates earn 80 percent more than their peers who didn't attend, or didn’t finish, undergrad, and they’re also less likely to wind up unemployed than those who didn't go to college” (White 3). This evidence supports the claim because it shows how studies have found that a college degree leads to jobs with better income than high-school graduates. This quote also shows how the New York Fed found that going to college helps limit unemployment. A second piece of evidence that support the claim is “For those recent grads who majored in arts, psychology, or social work, earnings were about 29% percent more than those of peers who had only a high-school diploma...

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, “Experts that have researched the performance and job success of college graduates have concluded that, nationwide, college graduates with a bachelor's degree earn 74 percent more per year than those who only complete high school.” This seems very logical when you look at the big picture, having furthered your education will open you up to more jobs that that require more education that will most likely pay more. The University of North Texas in their article “Why Go to College?” shows a graph from The U.S. Census Bureau that shows a professional degree could earn you around 4.4 million dollars compared to less than a high school diploma could earn you around 1 million dollars for a whole worklife. Seeing

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