ipl-logo

Student Debt In College Essay

754 Words4 Pages

A controversial issue in the society right now is student debt and college tuition. When students are in high school they’re told that schooling including, high school and college is key to success, but they are not aware of the financial aspects of the college schooling. College tuition has tremendously increased from 1980-2016 and the acceptance level for colleges has dropped. Another thing is the employment level of non-graduates and graduates is not as big of difference as they make is seem. If college is the key to success everyone should have access to the same opportunities.

In high school students work and are supposed to be taught how to be prepared for college, but are they really aware of everything? Teachers usually do not prepare students for the financial parts of college. They are told that financial aid can help them for most of their tuition but when they actually get into college and finish it they still have a big amount of debt. 69% of students are in debt with an average of $28,950 in debt. That is an outrageous amount of money to be forced to pay …show more content…

The best colleges in the country like Harvard, Stanford, Yale, and Princeton all have an acceptance level of under 10%. These are the kinds of colleges that cost the most and take the most effort to get in. They’re also the colleges that could help you get a really good job because potential jobs will think well since this person to for example Harvard they must being extremely smart. So students study hard and work extremely hard and either they aren’t accepted are they are but wasn’t aware of how much they would have to pay out of their pocket. For example harvard would still cost about $16,500 per year including the help from financial aid. In my eyes that is a very large debt to have to pay

Show More
Related
524 Words | 3 Pages

They would not pay it.” this

Read More
93 Words | 1 Pages

and they could be throw out on the streets if they didn’t pay.

Read More
389 Words | 2 Pages

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.

Read More
417 Words | 2 Pages

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.

Read More
1031 Words | 5 Pages

Over the last 12 years, federal student loan balances have quadrupled, exceeding $1.1 trillion (Lee and Looney, et al.). America’s student loan debt has skyrocketed to over $1.1 trillion. In the United States, student debt is a known problem that haunts many students and alumni due to the high prices of colleges. Many may argue student loan debt is worth it because of the job opportunities and higher earnings that can justify the debt. In contrast, others believe college prices should either drop or that the government should help with the debt.

Read More
630 Words | 3 Pages

That kind of makes part of your career ruined, as to the fact that the player would have to pay off that

Read More
730 Words | 3 Pages

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

Read More
1095 Words | 5 Pages

it’s 2016 and that average debt is probably double by now. Every day people do not have that much money to pay back their college debt. “About 70% of 2013 graduates left college with an average of $28,400 in debt” (Bidwell). $28,400 is about the price of a brand new car. This is thousands of dollars that students will have to work all of their life just to pay off.

Read More
1145 Words | 5 Pages

Since tuition has risen 3 times higher the rate of inflation in the past 10 years, this increase a student’s chances of not being able to afford higher education and also gives them a better chance of accumulating debt post-graduation. Some people think that the college education they acquired did not fit the amount they paid for it, even if they pulled out loans or were an ideal candidate for a scholarship. This is a scary fact because higher education can determine if you thrive

Read More
1451 Words | 6 Pages

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).

Read More
1275 Words | 6 Pages

Schooling is getting more and more expensive and the raising costs are not helping anyone wishing to better themselves and attend a college. “The average cost of attending a four-year public school is more than $34,000 right now, and tuitions have been rising dramatically in recent decades.” (Mitchell 4). A parent working a minimum wage job must spend over what they make in a year to attend a university or college to be considered for a higher paying position. Colleges are becoming more expensive every year and a person working a minimum wage job simply cannot support themselves or their family while continuing their education and pursuing a higher paying

Read More
1994 Words | 8 Pages

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.

Read More
1022 Words | 5 Pages

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.

Read More
771 Words | 4 Pages

During students’ searches for their ideal college, they only see numbers: ACT scores, GPAs, AP test scores, and the largest number of all, the tuition of college itself. College costs too much, both for students and for society as a whole. The primary source of blame goes to the federal government, and though “not all of the increases in college tuition and administrative bloat are caused by government regulation . . . some are – and far more than you think” (Kirk). The cost of college and higher education has skyrocketed in the previous few decades, resulting in an increase in the unemployment rate, fewer people attending college, and excessive student debts.

Read More
656 Words | 3 Pages

Nearly one third of borrowers in repayment are delinquent and 45% of incoming college students will never earn enough money to pay off their student loans. Think about that. We have an average rate of about 10% on student loans, compared to a mortgage for a house being 3-4%. It is ridiculous to see these facts and to see that an education is causing people more financial problems than a contract to buy a house. Roughly ⅔ of graduates have debt and the average borrower will have amounted $26,600 of debt.

Read More

More about Student Debt In College Essay

Related Topics

Open Document