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Essays on student debt
Essays on student debt
Student debt introduction
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More handpicked essays just for you.
Essays on student debt
Essays on student debt
Student debt introduction
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Essays on student debt
Student debt is a heavy burden to face, not only for upcoming student graduates, but also those who already are retired or nearing retirement. In “Haunted by Student Debt Past Age 50,” an article by The New York Times Editorial Board, argues how people that are of age 50 or above are struggling to pay off their debt while at the same time the government is taking away their money from their Social Security check. They give us the insight what they think of the situation, and what they suggest the government do in order for the problem to be sooth out. The Editorial Board through the use of rhetorical appeals of Logos, Pathos, and Ethos, shows the audience how the student debtor’s are having difficulty paying student loans, as a consequence they create a propose solution in which the government should help people that are carrying that debt, even after they have graduated.
04 Dec. 2016. In USA Today’s article by Sandra Block and Christine Dugas titled “Five Proposals to Solve $1 Trillion College Loan Crisis,” the authors mention five ways to solve the student debt crisis in America, illustrating things like Bankruptcy reform, loan forgiveness, increasing federal pell grants, and the education of borrowers. Evaluating this article, it provides an informative view on the solution of student debt, and overall expresses many different spectrums on ways we can solve this social problem. The five ways to solve this problems
In European countries such as Germany, the government has begun to pay for higher education to help future citizens have the option of higher education. Persistently students today are enchanting out student loans to have enough money for college. Students should be prevented from being charged so widely and shouldn’t be deprived by student loans. Since student loans are pouring students into a debt to the point where students will be working to pay off their student loans. Congress is trying to cut federal debt, while they struggle to reduce debt; tuition repeatedly increases to the point where student debt has surpassed credit card debt.
When people think about college student?s financial status, they often think they are going to be broke from student loans. What most people do think about when it comes to college students is credit card debt. And if people do think about it, the students are often blamed for the debt because many people still think they are you kids who are irresponsible when It came to money. In the article, ? The Credit Card Company Made Me Do It? ?
Lehman, first established that student loans and debts cause people to have no freedom and be prevented from achieving in the workforce. Both of these authors have persuasive writing pieces, Lehman’s article was more compelling since, he provides an abundance of evidence, a strong anecdote, and a formal analysis. These two authors had strong, reliable research to support their thesis, in the article “Why Are Student Loans Considered As Good Debt” there are plenty of statistics that validate Johnson’s thesis. One major statistic is “for example, according to the Federal Reserve, the average credit card interest rate was 22.75% in Q3 of 2023, compared to 5.50% for direct subsidized loans and direct unsubsidized loans” (Johnson). While this statistic is significant, there are only a few more statistics that she provides that are reliable.
Currently, the U.S. has accumulated roughly one trillion dollars worth of debt from student loans. (cite) But, what if student debt was forgiven overnight? Now if student debt was eliminated all at once it would be an enormous expense for private lenders and the federal government. Yet, people continually suggest the dissolution of student loans with a one-time payment plan from the government.
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
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.
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.
However, some argue that college loans and debt is a responsibility that is part of life and experience, so they should get a job to pay it off. However, in "Student Loans Promote Poor Decisions and Prolonged Adolescence," Jackson Toby claims, “they [students] must actually learn something from the experience; a diploma is not enough.” Many jobs require experience with a diploma, but students are not able to have experience if they just got out of college while still needing to pay off the loans. Consequently, they do not have time to get an internship because they needed to work a job that actually brought in an income. This shows that even after one achieves a diploma, they need to do other activities be able to obtain a job to pay off their
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.
The tuition and cost of college is detrimental to thousands of families across the country and brings student debt to future graduates. Some students have seen their debt climb over $30,000. Friedman writes, “The average student in the Class of 2016 has $37,172 in student loan debt…” (Friedman). With the debts being over the average income for single people households, college has transformed from a benefit to a burden. Young adults not only have to worry about their education but also paying for the next semester or years of college ahead of them.
The total U.S. student loan debt now surpasses $1.2 trillion and there is more than 40 million recipients owing on federal and private student loans (Malone). Most of the college students in the United States can’t afford their education by themselves and, as a result, students end up drowning in student loans in order to earn a degree. Student debt is a major problem in the US, and it is a major influence on the gap between rich and poor. A more accessible college education would help reduce the gap between rich and poor in the United States.
Student loans can be helpful, but when it's time to pay back, it can lead to future mental struggles and be stressful and hold you back from living the life you want to live in the long run. The student loan debt crisis in now only taking a huge toll on the personal lives of many Americans, but on the economy as well. Whether or not students graduate or not, if they pulled out student loans worth $200,000 they remain in debt for a remainder of years. As the problem continues to grow it becomes more and more critical to find a solution to help the well being of everyone in the nation, student or
Did you know that Forty-one percent of four-year college students did not graduate within six years? College students around the country are in insane amount of debts and have no way to get rid of it and that’s a reason many do not graduate. Due to the rise in costs to attend college there has been discussions about free education, but how the debt could have been minimized and the effects on economy have not been brought up. College education should not be offered for free to all students because of the missed opportunities and unintended costs of free education are very expensive. Students don’t take advantage of the opportunities they are provided in high school, like dual-enrollment, that could save them time and money in college.