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Student debt effect on students
Negative effects of student debt
Student debt effect on students
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More handpicked essays just for you.
Student debt effect on students
Negative effects of student debt
Student debt effect on students
Don’t take our word for it - see why 10 million students trust us with their essay needs.
In the article “Why Do You Think They’re Called For-Profit Colleges?”, Kevin Carey presents three claims when it comes to For-Profit Colleges. These three argumentative claims consist of For-Profits are taking advantage of Federal Aid as well as student loans because of the outrageous prices and lastly that the government should regulate loans given to the For-Profit Colleges. Carey states how a large number of students are graduating from these For-Profit Colleges with horrifying loans for worthless degrees. It is well known that For-Profits charge much more than universities and public colleges. Carey and I both agree with the Obama Administration cutting off federal aid to these schools giving graduates huge debt.
In the article Why Do You Think They’re Called For-Profit Colleges? Author Kevin Carey successfully informs readers about the for-profit university business. To portray the full story Carey successfully investigates both the pro for-profit and anti for-profit sides of the argument and provides useful facts, data and opinions from field leaders on both ends. Carey gives the reader enough information to draw their own conclusion regarding the topic, however, I believe that Carey’s argument is that the industry is a necessary evil. This meaning that a lot of what these colleges are doing is wrong, however, there is a need for them since community colleges are filling up fast, these colleges provide night classes and that they can be accessed over
It is clear that Andrew Rosen, the chief executive of Kaplan, wants to leave readers of Change.edu with the idea that for-profit colleges are innovative, efficient, and effective in serving people left out by traditional higher education, and that their bad reputation is the result of unfair attacks. I picked up Rosen 's book wanting to see how the power of the market can transform the enterprise and improve student learning. Instead, I am now more concerned about the hazards of for-profit colleges than I was before. The eye-opening, gasp-inducing elements involve Rosen 's descriptions of the intense pressures on company executives to produce quick, huge profits for investors by shortchanging students.
The well-known phrase of hard work pays off is a staple of any culture to enforce the ideology that you deserve what you earn. In Brent Staples’, Why Colleges Shower Their Students with A's, he informs the reader of the current situations in colleges and universities involving grade inflation. Grade inflation is devaluing many degrees across the country as an “easy way out” to succeed on both the students and professors ends. Staples makes it known that the higher education, many go back to school for, is being discredited due to the professors in the field. Thus, leaving students at a disadvantage to accept a higher grade, when it is known that they have not fairly earned it.
In the text it states, “ On average, attending a two-year for-profit institution costs a student four times as much as attending a community college, according to the Department of Education”. Alexia compares the cost of the schools to the cheaper form of college, a community college. Although it is already the cheaper kind of school, going to a community college longer is cheaper than attending only two years of a for-profit college. That being the case, students have financial problems and struggle to get his/her life started. The author says in the article, “Six years after enrollment, 23 percent of students who had graduated or otherwise left for-profit colleges were unemployed and seeking work compared with about 15 percent in the other institutions, according to a 2013 paper from Harvard researchers”.
Samantha Nyborg LEAP Writing 2011-05 September 15, 2014 Critique Draft Megan McArlde is a journalist and blogger who focuses most of her writing on things like finance, government policy, and economics. In her article “The College Bubble,” a magazine article published in Newsweek on September 17, 2012, McArlde writes about how the “Mythomania about college has turned getting a degree into an American neurosis” (1). She focuses a lot on the value of getting a college education, and makes an argument that all the time and money spent on earning a degree may not be worth it in the end. McArlde uses several strategies to appeal to her reader’s, and does a great job of effectively using the Logos, Pathos, and Ethos appeals throughout her article.
Carey strategically chooses each word to build his article. For instance, he writes that “horror stories of aggressive recruiters’ inducing students to take out huge loans for nearly worthless degrees are filling the news” (Carey). In this statement, Carey carefully chose each word so that they support his claims. He compares the “huge loans” from “aggressive recruiters” to “nearly worthless degrees” to show the imbalances that for profits have. By using words with negative connotation, the reader knows where Carey stands and can easily deduce the negatives of for-profit higher education, just as Carey wants.
An Annotated Bibliography Block, Sandra and Dugas, Christine . " Five Proposals to Solve $1 Trillion College Loan Crisis." USA Today. Gannett Satellite Information Network, 21 May 2012. Web.
Robin Wilson: A Lifetime of Student Debt? Not Likely Media thrives on successfully manipulating the emotions of its audience; as a result, unordinary stories are brought to light far more often. Such is the case with the topic of student debt. Graduates shackled to large student debt years after their diploma have more coverage than those who are well in control of their repayments. Why would articles and newscasts on college graduates routinely handling their repayments with generate return customers?
Recently, many have begun to attack and degrade higher education in the United States. In the book How College Works, authors Daniel Chambliss and Christopher Takacs claim, “As state support has eroded, and as more students attend college in an increasingly desperate attempt to find viable jobs, the price to students of attending an institution of higher education has gone up, especially at more selective institutions” (172). So is college even worth it? Caroline Bird’s excerpt from her book Case Against College “Where College Fails Us” is an adequately written article that agrees with those who question whether college is a good investment. Bird argues that although some students would benefit from college and succeed, many fall short, wasting
Between the newfound accessibility of student loan financing and the dreams of comfort and prosperity, there has been a push toward higher education in the United States. But, this begs the age-old question—just because you can do something, should you? John Grisham’s The Rooster Bar explores the corruption of higher education and the various pathways to success. When we typically think of the field of education, we retain this idealistic view of a world unadulterated by corporate America. The term university conjures up images of progress, innovation, and the exchanging of ideas.
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.
The expensive nature of for-profit schools becomes clear when the cost of education is analyzed based on the student’s cost to attain a certain degree; an associate’s degree in business administration would cost approximately $33,000 for a student attending the for-profit Kaplan University, however same degree earned from a community college, based on the national average, costs $8,500 (Morgan, 2010). In addition to the higher cost of education at for-profit institutions, students who attend such institutions tend to come from backgrounds with higher rates of default when repaying student loan debt (Government Accountability Office, 2009). The Government Accounting Office identified three student sub-groups with an increased risk of defaulting on student loans: lower-income students, students whose parents have a lower level of education, and older students; for-profit colleges have proportionally more students from these three sub-groups (Government Accountability Office,
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.
Did you know that Forty-one percent of four-year college students did not graduate within six years? College students around the country are in insane amount of debts and have no way to get rid of it and that’s a reason many do not graduate. Due to the rise in costs to attend college there has been discussions about free education, but how the debt could have been minimized and the effects on economy have not been brought up. College education should not be offered for free to all students because of the missed opportunities and unintended costs of free education are very expensive. Students don’t take advantage of the opportunities they are provided in high school, like dual-enrollment, that could save them time and money in college.