Pros And Cons Of Student Loan Debt

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What college do you plan on attending? Every high school student has heard this question at one time or another. It is almost always asked in such a way that does not allow for a simple response from one who does not plan on receiving a higher education. As if it is inconceivable that someone may choose not to pay ridiculous sums of money to go to a university where they will teach themselves the majority of the material. There exists a certain stigma behind not attending college. College, when compared to numerous other options, is not worth the cost. As of 2012 student loan debt was over one trillion dollars. However, at around the same time, graduates under twenty-five years old had no job or a part time job only (Education Worth it?). This is only proof that the collegiate system of the United States is failing, not only the …show more content…

This may be due to the fact that the college environment is not exactly conducive to learning. Many avid students soon find themselves with a large amount of freedom and plenty of opportunities such as parties to waste their time and money as well as the government's money instead of learning anything useful. Thirty-six percent of students demonstrated no significant improvement on Collegiate Learning Assessments after four years of college (Education Worth it?). These students had high hopes when they arrived as freshmen. It looks like, however, that a large portion of these students put themselves in debt in order to learn nothing. Student loan debt is also very hard to avoid paying. “ Student loan may not be forgiven in bankruptcy and may not not have the same borrower protections as other consumer debt.” Sixty percent of students attempting to discharge student loans were unsuccessful (Education Worth it?). Clearly there is usually no getting around the cost of college. There are