University students have felt the pressure of crippling debt after college. Over the years debt rates have exponentially increased over the years when students have been increasingly applying for colleges and universities. Unfortunately, statisticians have noticed that the more students apply for student loans the more money the for-profit colleges end up getting the money. Students do not get the help they need after college to be able to pay off their loans because they do not know how to pay off the student loans in a way where they can still provide for themselves. Students who are not fortunate enough to be born into a good financial situation often have to pick a safe school that might not be able to abstract their potential to be successful
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.
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.
More than 40 million Americans have student loan debt which is about 1 in 5 U.S. adults. For as long as education has been pursued, college has been a thing. Along with college comes tuition and other college expenses which are not cheap. Since the early 90s, students and parents have been suffering from student loan debt. In fact, according to the United States Department of Education, the average student loan debt has more than doubled from 1990 to 2010 and is continuing to rise (ProCon.org).
Students from low-income families are often forced to take out loans to finance their education, while students from wealthy families are able to pay for their education out of pocket. This perpetuates inequality in our society and limits opportunities for those who are already disadvantaged. According to education data over 25% of students who took student loans are unable to start their own business, a major route to improve their financial standings. Lastly, the loan system for college education in the United States is not effective in promoting educational attainment.
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.
In such situation, many intelligent and hardworking students miss out on studying in a reputed university due to lack of funds. Most college students have to rely on their part-time and are full-time jobs to pay for the educations, and also to be able to pay for all necessary books and classes that they are required to take. However, these jobs take time away from the student’s study time. If free college tuition are given, students would have more time to educate themselves instead of being tired from time consuming jobs. They won’t have to worry about money or time at all.
As it said in the essay topic, "the success rate at America's community colleges is abysmally low. At many institutions, the dropout rate is greater than the graduation rate. If community colleges are more often dead ends rather than gateways for students, why should we encourage more students to attend them. " The current community college system has a poor track record of graduating students on time and preparing them for promising careers. The very idea of making it free would in most cases lead to many increases in
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.
College is one of the most important and life changing times in the life of an American. Leaving high school behind and venturing out to the adult world is an amazing experience that every individual should experience. However, young adults from every corner of the country leave college with crippling debt or do not go to their preferred college of choice. College education should be cheaper as it will help families and students financially and give them the satisfaction with having the opportunity to go to their first choice for college.
Which three pieces of information did you learn? One thing that I learned from reading these articles was that, a record share of students are leaving college with a substantial debt burden, and among those who do, about half (48%) say that paying off that debt made it harder to pay other bills; a quarter say it has made it harder to buy a home (25%); and about a quarter say it has had an impact on their career choices (24%). When you decide to go to school, you never really realize the financial burden that it can cause. It is sad that going to school to better yourself can be so stressful financially.
Most of my friends who are currently in college have between 5000$-20.000$ in federal and private loans. In many cases, besides for the loans, students have to work and study at the same time, which results in a stressful life for the student. In fact, many students are not able to finish their education because, since they can’t afford it, they have to work over their studies. Out of all the possible reasons to drop out of college, “the No. 1 reason many young adults drop out of college is an inability to juggle school and work” (Johnson). Finishing college is the most decisive forecaster of prosperity in the workforce and the inconsistency in college completion between children of rich and poor families duplicated since the late 1980s (McGlynn 55).
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.
The biggest hindrance in the American schooling system is the rising cost of education. Many students don’t have the funds necessary to pay for their schooling, and do not receive enough help from scholarships, grants, or financial aid. Because of this, there are many students who can’t attend college, who otherwise would be able to
Vilorio (12) contends that the youths need to understand the essence of hard work and working their way up a college degree. A free college education will not only bring the quality of higher education down, but it will also strain the taxpayer's resources. In the end, free education will negatively impact the economy. This essay opposes free college education due to its adverse effects on the government, citizens, task force and the
