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Student Debt In College Essay

597 Words3 Pages

Wouldn’t it be great if college only cost a couple hundred dollars? Most teenagers would actually take the opportunity to attend college. The high cost of college is leaving student’s who are graduating from college in great debt. Student debt is a really big deal for those who are attending or will soon be attending college. Especially for young teens who don't know where to begin looking, those who are struggling to pay their debt off. Student debt can reach up to 120,000 thousand dollars, as mentioned in article one, “ A Generation Hobbled By The Soaring Cost OF College”. Although college is very extortionate, there are many solutions to prevent being in debt. Which are: applying for scholarships, working and saving up money, and attending …show more content…

For Example, applying for scholarships. Scholarships can be useful to pay off most of college debt. “ I would apply to 10 to 20 scholarships at a time” (Gormus 11). Applying for more than one scholarship might be necessary, but it's a great idea to begin earning money. So at the end of college it is going to be less money or even no money that needs to be payed off. A second option would be to work hard and save money, which is a little more complicated, especially if a young teen is still in high school. “people worry that working during school will hurt academic performance” (Bissonnette 13). Working and studying at the same time can be difficult, but not impossible. Shown on these studies, “ College students who were employed actually had slightly higher average GPA (2.72) than those who weren’t working (2.69)” (Bissonnette 13). It has be proven that those who work while still in high school graduate with a higher GPA than those who did not work while in high school. In the same way a student can also consider attending a community college, which is seven times cheaper than a university. Student’s look desperately for a college or a university, that they don’t realize there are other options way better and cheaper than the one they are planning to attend. Doing research and finding a variety of information will help find a cheaper college to attend, which are community

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Colleges require way too much money. Janet Bodnar digs deeper in this issue in her article “The College Debt Trap”. In this article, Bodnar describes how she thinks people can actually dig themselves in more debt than necessary by accepting loans from different places. She states a few things people could do to keep from getting themselves in this particular situation. Bodnar believes that parents should take into consideration the various opportunities they have to save money.

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1174 Words | 5 Pages

According to Harriet Stranahan, a professor at the University of North Florida, and two of her colleagues, “Students leaving college today [2019] are burdened with the highest levels of student debt in recorded history. The statistics are frightening: 44.2 million people in the US have student loan debt, total student loan debt is over $1.3 trillion, second only to housing debt in the US and over $32 billion of the debt balance is currently in default” (Beal, et. al, p. 219, 2019). As a result of these overwhelming numbers, students must work to pay off their student debt. According to Liberty University’s Student Financial Services, the average cost of tuition for undergraduate students is $23,800 per year, which averages $815 per credit hour (About Liberty).

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1289 Words | 6 Pages

Rising College Debt College costs are rapidly rising. It is an undeniable fact and one of the major issues arising from this problem is student debt that in major cases can go into hundreds of thousands of dollars. National student debt is approaching 1.3 trillion dollars in the United States and rising every year (Douglas-Gabriel). Unfortunately, the majority of higher paying careers today a college degree is a requirement, and this situation is not likely to change. Different loan repayment options, more scholarships, and more help from state government could help offset the rising cost of higher education.

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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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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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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.

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736 Words | 3 Pages

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478 Words | 2 Pages

College is not worth the cost because you are not guaranteed a job. There is a high chance of debt because of the costs. The imperative of the last 20 years to round up every warm body and send it to college, then to the cubicle, was tied to a vision of the future in which we somehow take leave of material reality and glide about in a pure information economy. If the goal is to earn a living, then, maybe it isn’t really true that 18-year-olds need to be imparted with a sense of panic about getting into college (though they certainly need to learn).One shop teacher suggested to me that “in schools, we create artificial learning environments for our children that they know to be contrived and undeserving of their full attention and engagement.

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744 Words | 3 Pages

Managing and financing money smartly, while taking a proactive position to earn as much money for college will enable me to remain out of debt created from students taking on an excess of student loans. Student loans are a nightmare of the past that are now easily avoidable if the time and effort is put into avoiding them. Scholarships, work studies, full college and university rides are all opportunities constantly available to students. There should be no need to experience financial debt while in your student school years. Schooling should be every student's priority, not worrying about having to drop a class to get a job or on which loan company has the lowest interest rate.

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901 Words | 4 Pages

Many students' lives have been significantly impacted by colleges, which have allowed them the opportunity to follow their personal goals. Despite this, many students are unable to enter the colleges of their choice. To pay for their college educations, 23% of undergraduates who are 24 years old or younger, work at least 20 hours per week. Even while some students receive scholarships, this doesn't mean that their entire tuition will be covered. Free college allows students to expand their knowledge and problem-solving abilities without needing to work for months to pay thousands of dollars.

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1437 Words | 6 Pages

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771 Words | 4 Pages

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521 Words | 3 Pages

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