Evaluating this article, it is very informative and helpful in helping one who is in debt to individually find a solution. This article, although not focused on the entirety of this social problem, demonstrates a perspective of solution for an individual. Comparing this article with the others, it relates to the article shown above, however; focuses more on how the individual can help their debt rather than how to solve the student debt crisis all throughout
Emily Fischer Writing 122 Mr. CD 08 March, 2024 Student Debt Relief Student debt relief is a SAVE plan policy which provides relief for those who have taken out $12,000 or less in student loans. The Supreme Court recently struck down this bill, stating that, “the Biden administration does not have the authority to wipe out nearly half-a-trillion dollars in student debt.” (CBS News). Student loan forgiveness should be instated as it would benefit millions of people financially, which would help the current economic situation and allow people to purchase houses for the first time in their lives. As prices rise, people are struggling to afford college tuition and the cost of living continues to rise, all while wages have stayed the same.
I agree with the goals of the affirmative side. But, we need to provide relief for new college graduates. But this bill doesn't get us there so please negate. If we want make a cushion for the students, then we need to make a bigger one. The national student loan default rate, 11.8 percent a year ago, stands at 11.3 percent.
So you're thinking about going into debt for college. Personally I think this is a horrible idea. What if you don’t get a job in that field? What if that job doesn’t pay enough? Student loans don’t easily go away.
Debt is important to the United States In “The pedagogy of Debt” Jeffery Williams discusses the harsh realities college students face after graduation. He talks about how even after 15 years of being out of grad school he still is currently paying back his debts. Not only is he paying back his schooling debts, but also his daughters current tuition. Debt is something we all face if we decide to expand our knowledge after high school by attending college.
Nowadays, student loans can crush people. According to Source 3, student borrowers say paying back student loans affect them harshly in daily life,48% of student borrowers say, the loan makes it harder to pay bills, 25% say, it makes it harder to buy a home, and 24% say, it makes it harder to choose a career (Source 3). Debt can follow borrowers well into adulthood and can cause some complicated problems. Alternatively, Source to states, "Those grads emerged with more debt...due to a struggling economy...as their debts get paid off and earnings rise, they may have a change of heart."
A college’s main sours of revenue in tuition money which as previously stated, is four hundred percent more expensive than twenty years ago. People who are seeking the traditional path into the work force are forced to pay these crazy high prices and are enticed by a pretty residential life and the thought of new found independents. The reality of student debt have not set in yet. Student debt is at an all-time high with an average of 29,000 dollars per student. Because of the tradition of going to school and the amazing residential lives, it can be easy to recognize the severity of the situation you are putting yourself in.
W.E.B. Du Bois said, “And yet not a dream, but a mighty reality- a glimpse of the higher life, the broader possibilities of humanity, which is granted to the man who, amid the rush and roar of living, pauses four short years to learn what living means” but what does that pause in life cost? Average full time tuition, including fees, for undergraduates at a four year university in 2004-2005 was $10,720 per year, per the National Center for Education Statistics. Between the 94’-95’ and 04’-05’ school year, undergraduate tuition, including room and board, rose 30% in public institutions and 26% in private institutions. With these rising prices, student debt has risen along side it. Is the pause worth it?
This shows that even though debt is high, it does not destroy the lives of most as long as they graduate with a degree. However, even though students might not default, that does not mean that they should have to struggle with debt 20 years after they graduate. Student debt can affect quality of life and it hurts the economy because new graduates can not buy homes and other items that their parents were able to a generation
Purpose: The recession of 2008 had a financial impact in many ways, one of the significant impacts that affected us is student debt. The government was giving less support to education, so to recoup tuition and fees increased. The fact of providing less support made student loans more popular; The tuition was already expensive in the U.S., and not many people could afford it, but many people need to get higher education to get good jobs. This circumstance made a lot of students use student loans.
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.
According to the last recording of student loan debt, the total amount of the United States student loan debt is roughly one and a half trillion dollars (A look at…). Statistics like these present the urgent need to resolve the major financial issue of student loan debt. Solutions have been given by many people to solve this issue but most solutions fail. The main reason behind student loan debt is falling to far into debt to the point where it is almost impossible to come back. The origin behind all of this is a lack of a student loan amount cap.
But the data suggest that student loans aren’t only cause. The fraction of young people who run their own companies has been declining for nearly two-and-a-half decades. The Wall Street Journal reported (http://www.wsj.com/articles/endangered-species-young-u-s-entrepreneurs-1420246116?autologin=y)
Student loans have always seem to be a controversial topic. Many people are in agreement and disagreement over the opportunity to student loans. Student loans can be a great advantage to many students, but it can also drown them in an immense debt, that will follow them for many years. The more we analyze this perspective, we are able to distinguish the advantages and disadvantages of student loans. There is a variety of perspectives on student loans, some involving annual salaries, interest rates, and commodity.
Student loans can be helpful, but when it's time to pay back, it can lead to future mental struggles and be stressful and hold you back from living the life you want to live in the long run. The student loan debt crisis in now only taking a huge toll on the personal lives of many Americans, but on the economy as well. Whether or not students graduate or not, if they pulled out student loans worth $200,000 they remain in debt for a remainder of years. As the problem continues to grow it becomes more and more critical to find a solution to help the well being of everyone in the nation, student or
