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Paying Off Debt In College Essay

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One factor that is discouraging to American college-goers is the amount of debt that they will accumulate after they have gotten their degrees; specifically, the fact that students wind up having debt for decades, and they are forced to pay them, even if they do not have the money. In today’s society, it is normal for a college graduate to have more than $50,000 in debt; with debt like that, there is a fine line that marks the right way to repay loans and the wrong way (Black). If someone would attempt to repay loans the wrong way, he or she could still be stuck with paying off debt for decades, even if he or she is actively paying off his or her debt. Scholars note and attempt to argue that the act of paying off debt is cyclical, since “debt …show more content…

Typically, colleges have separate tuition rates, one for in-state and one for out-of-state. Undocumented immigrants and children of undocumented immigrants, however, are required to pay the out-of-state tuition, even if they live in the same state as the school. Wendy Ruiz, the daughter of undocumented immigrants. Ruiz lived in Florida for her entire life; is a registered Florida voter; and has a Florida birth certificate; yet is forced to pay a tuition three times that of her fellow classmates in the same position as her, but the child of documented immigrants (Santiago 104). This creates some problems, as there are many students in scenarios like Ruiz, who are attending “an institution that is supposed to defend education,” but instead, are being punished “for the sins of her parents” (Santiago 104). Colleges and universities exist to teach and inspire students to operate and function at their best, and yet these institutions are punishing these same students for the sins of their parents; something completely out of the hands of the students. This act by the schools describes the complete definition of

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With student loan debt on the rise across the United States of America, measures must be taken to address the issue of millions of Americans facing tens of thousands of dollars in debt immediately after finishing college. According to Robert Applebaum, a man that began a petition for the United States federal government to offer a one time deal of forgiving all student loans, to forgive these loans is a necessity and may prove to boost the economy. In Kayla Webley’s “Is Forgiving Student Loan Debt a Good Idea?”, the journalist and correspondent for Times magazine takes a long hard look at Applebaum’s proposal and just how forgiving the student loan debt is likely to play out. Throughout her article, Webley dissects the argument for forgiving

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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?

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Argumentative Essay: Embracing College Debt "By making college unaffordable and student loans unbearable, we risk deterring our best and brightest from pursuing higher education and securing a good paying job" (Pocan, 2016). High school seniors advance into college with little income and no knowledge of managing large expenses. Although college incurs significant debt, it has positive lifelong benefits such as a better job, higher salary with benefits, and obtaining an opportunity for a fuller life. College graduates tend to have better employment opportunities.

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For example, a student might be forced to go their parent’s alma mater, or school they perceive as the best environment and curriculum for their child. They have the most control in where their child can go because they are the ones that will be providing the most financial assistance throughout college. What they can afford turns into what their child can afford. However, parents need to refrain

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College debt is developing into an immense issue in the United States with about 1.3 trillion dollars worth of college debt across the country in 2015, which is about a 39% increase since 2011 (Redd, 2016; Goldrick-Rab and Kendall, 2014). This debt is not just piled on a small portion of people; according to Redd, “about 10 million college students took out student loans” in the 2012-2013 school year (2016). The average tuition at in

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Merritt Snodgrass Thomas Honors English 11 4 May 2023 Debt: A Major Obstacle in Achieving the American Dream The American Dream is the idea that everyone has an equal opportunity to achieve success through hard work and dedication. How is a person able to achieve success when they are swimming in debt? Less than a quarter of Americans live debt-free. Over 45 million Americans owe 1.7 trillion in student debt.

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Students’ loans are the help to achieve students’ goals. However, students’ paid a higher price for have a better education, but they never imagine that to finish a bachelor or master they are condemned to carry a huge loan on their life as having to return all the money they got for finishing their education. According to, Real Life Student Debt Stories, Scrubb White said, “I will not got into debt never in my life,” (Par 7). Scrubb White It is one of many people that living with an enormous burden for many years for a student loan duty; he graduated with honors in 1974 with a degree in Accounting.

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Many recent studies have debated that poverty is still a mass issue in today’s society and has been accustomed to many individuals' lives. In many instances, poverty affects many individuals at youth with the main reason being debt, which further affects individuals lives with many being unable to receive a sustainable start. In society, poverty has been found to have many components to it, and debt has been considered to be a prime factor in a poor financial situation. To thoroughly address the issue of poverty, it is crucial to examine what extent debt leads to poverty by analyzing financial assistance, and how it can be improved by viewing valued sources that are credited by many individuals. The problem that people in debt face is that

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Debt caused by student loans is unnecessary when going into training, education, or college. Students take out student loans because they do not have enough money to travel through their higher education without going broke. It is possible to finish college without taking out student loans. Way to prevent debt after college is to apply for as many grants or scholarships as you can and to save up for college while still in high school. Both of these methods will help you avoid taking out student loans that jumpstart your debt in adult life.

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About 17.4% of Americans endure the affliction of college student loans. That’s about forty five million people who have borrowed student loans. But looking into the past, the 50s and 60s specifically that was not the case: the average college student's tuition was free or had a very low fee of a thousand dollars or less. Comparing this to the ever mounting 1.76 trillion US dollars of college debt, there's obviously a huge need for reform as this sets many young students into debt early on. College student loan debt is one of the most punishing grievances that affects the lives of most young adults living in America this 21st century.

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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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It is universally acknowledged that money has a huge impact on people's lives especially college graduates who are about to enter the real world. Student debt is a flaming topic among young adults. Recent college students who borrow money through loans and other means have a huge debt when about to graduate which tends to be a massive problem in the year 2017. According to two reports that has been out in 2017, talks about the relationship between student debt crisis and homeownership. As college tuition increases there is a chance for students to buy or not buy a home for themselves.

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Once these students get into college, their families have less money to use to pay for tuition and other

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More than 8 in 10 agreed that a college degree in today’s society is a given and critical in obtaining a desired occupation. Still, attitudes vary regarding college debt as some Americans do not view it as a burden, but a means to an end. Many of today’s young adults simply see it as a way of life, and rather than stress about how to repay student loans, they focus on the accomplishments that can result from an education. In fact, many students view student loan and credit card debts as a device that puts them in control of their lives, which also leads to higher self-esteem (Carns, 2011). While it is uncertain why debt seems to have this effect, earlier research showed that educational loans may be seen as an investment in the future.

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Student loan debt loads have been spiraling, doubling over the last decade, and the enrollment rates of young people from lower socio-economic groups are rising far slower than middle and upper groups. Governments must recognize the renewed public investment in post secondary education is an economic and social imperative. 6.7 million borrowers in repayment mode are delinquent (Snider 1). The sad fact is that many lenders aren't exactly incentivized to work with borrowers. Unlike all other forms of debt, student loans can't be discharged in bankruptcy.

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