The Negative Consequences Of Student Loans

As a high school graduate one looks forward to attend a college. People start looking and applying for that one college that will soon be their future. Once they see how much it costs, and see they can’t afford it; that’s when the loans come in. A lot of fresh graduates get a loan without even thinking about the consequences that can impact their lives in the future. Although; college loans can be a good investment, it also causes parents to go into debt, causes graduates to have a hard time finding a job, and tuition to rise. One negative about student loans is, parents who take out loans to pay for their children’s college go into some serious debt. Many parents lose their house because they can’t afford it anymore. They lose their jobs

Since the job market has been low, students are struggling more and more to keep up with payments. According to Lewis and Zaidane, about fifty three percent of graduates are most likely unemployed or not utilizing their degree they achieved so hard for (458). Students with degrees is far outpacing the development in occupations that require them. Which means, jobs will become more competitive. They’ll be forced to lower-earning jobs while saddled with the same level of debt. Finding jobs is hard especially when you’re not the only one in the world applying for that same position. Without a job it’s impossible to pay for the student loans. I can’t believe how people expect to pay off these loans when jobs are so hard to find. That’s why students have trouble paying them off. Unemployment and the collapse of household income in the recession only makes the borrowing problem worse. Working in employments that don 't require a school degree, which tend to pay lower wages than those requiring a higher education. “Unemployment and underemployment of school graduates has prompted an ascent in understudy credit defaults, the inability to respect the legitimate commitments of an advance” (Student Loans para. 4). Its outrages how loans can affect one’s

The cost of attending a college has doubled these past years. The cost of college prevents many low income students from even seeking a higher education. It’s hard now a days to get into a college because how much it costs. Lewis and Zaidane argues that “Forty-eight percent of adults ages eighteen to thirty four told Wall Street Journalist that they can’t afford to go to college” (459). As tuition goes up students barrow more and more money. We always hear how education is the key to a better and healthier life financially, but how is that possible when college is so expensive. Obligation we 've gathered to acquire such degrees have handicapped our capacity to profit from our trainings, making numerous settle on the terrible decision of leaving open administration in order to gain enough cash to pay off that debt. It has been the publics that have seen greater rate increments in educational cost. Carroll adds, “Experts told us that total student debt increases when tuition increases and when more students enroll, and the 2008 recession caused both of these things to happen” (para. 8). People who are poor can’t afford high tuition, so they don’t go to school. Therefore, there is less people getting a higher education. Tuition is a major problem for all college