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Student debt crisis
Student debt crisis
Limitations of academic stress
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More handpicked essays just for you.
Student debt crisis
Student debt crisis
Limitations of academic stress
Don’t take our word for it - see why 10 million students trust us with their essay needs.
According to the article “Should Everyone Go to College” by, Stephanie Owen and Isabel Sawhill; they discussed the different controversies about a college education and some of them are loans and debts, the disservices of college, and finally, comparing the annual earnings of a college graduate and a high school diploma achiever. Owen and Sawhill say that for certain students or individuals that may not be a smart investment because of the rising cost of tuition. For example, most college students are more dependent on financial loans than in the past, creating serious debt for themselves and the federal system. For example, if an individual goes to college and receives financial aid and they aren’t committed to completing assignments and studying
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.
A college education is critical because it provides more opportunities to make money. College graduates make more money than people who did not attend college, the article “Even with Debt College Still Pays Off” by Gillian B. White states” overall recent college grads aged 22 to 26 have earnings that are 83 percent higher than early career workers” this is showing that college is the best path and you will make the most money. According to the graph Gillion b. White said experienced graduate degree holders make a little over 80k a year, making this amount of money after college outstanding. 80k is more than enough money to live and have a happy life.
“Is college still worth it” is a news article by Brian Kelly and he evaluates the pros and cons of both going to college and not going. Brain however does give more information as to why going is the better bet which leads me to believe he believes going is still worth it. Brian argues that it is better to go to college because of both the social gains and the finical gains and argues that despite the debt it is still worth it and people are better off in the end. First, he discusses the physical cost of school. He goes into detail about how college graduates will make more money in their life time and thus will have the ability to pay their debt off.
I have chosen Janet Bodnar’s article The College Debt Trap for this unit’s discussion assignment. This is the third quarter that I am taking college classes. After I completed the process of applying and enrolling for on-line classes it was now time to figure out how I was going to finance my education. I never knew what a FAFSA was or what it meant. It took weeks to understand the process of applying for financial aid and luckily I now understand how it works.
Emily Fischer Writing 122 Mr. CD 08 March, 2024 Student Debt Relief Student debt relief is a SAVE plan policy which provides relief for those who have taken out $12,000 or less in student loans. The Supreme Court recently struck down this bill, stating that, “the Biden administration does not have the authority to wipe out nearly half-a-trillion dollars in student debt.” (CBS News). Student loan forgiveness should be instated as it would benefit millions of people financially, which would help the current economic situation and allow people to purchase houses for the first time in their lives. As prices rise, people are struggling to afford college tuition and the cost of living continues to rise, all while wages have stayed the same.
Many jobs require a higher education level than a high school diploma. The downfall to college is the price. College tuition can easily cost thousands of dollars. The main concern for future college goers, is a question every student should be asking; is college really worth all the debt? The answer is absolutely, one hundred percent yes!
Throughout the years, an influx of high schoolers has weighed their options about college. Most overlook the pros and cons of college, and immediately going for it. However, college has many downfalls some fail to notice. Such as the amount of debt or student loans one may have after graduation and graduate underpayment. Debt, or, student loans, play a big part in deciding whether to go to college.
A college’s main sours of revenue in tuition money which as previously stated, is four hundred percent more expensive than twenty years ago. People who are seeking the traditional path into the work force are forced to pay these crazy high prices and are enticed by a pretty residential life and the thought of new found independents. The reality of student debt have not set in yet. Student debt is at an all-time high with an average of 29,000 dollars per student. Because of the tradition of going to school and the amazing residential lives, it can be easy to recognize the severity of the situation you are putting yourself in.
Thousands of people who graduate high school consider the option of going straight into the work force or going to college to further your education. However some don’t consider college because of the cost of tuition. College is worth the expense of tuition because even though student loan debt and tuition can be a problem there are ways out of that situation. The first reason college is worth the expense of tuition is that Scholarships help pay for school.
What if you were told college was cheap? Well we all know that's not the case. Over two thirds of college students graduate with unexpected debt. Yet, the already high tuition rates in America are still on the rise. The perks of attending college do not come without a hefty price and unfortunately students have to deal with crippling inescapable debt.
Another negative impact that student debts has on the U.S economy originates from the impact is has on small businesses. It is acknowledged that small businesses are the backbone of the United States economy. According to the United States Small Business Administration, these small business's account for one-half of the private sector economy and 99% of all business. (Brent Ambrose) Additionally, 60% of new jobs conceived in the private sector were done by small businesses.
Under such a cruel financial burden, fewer young people actually complete their college. Those who cannot afford the college and eventually drop out of school become the “forgotten majority” (Kamenetz 500). There is no doubt that the student debt is the culprit that kills many young mem and women’s college dreams. Whereas, the fact that young people can hardly get a well paid job to repay the debt is the other side of the story that should not be ignored. The post-industrial economy revolutionized the way jobs get paid.
These studies have proved that college is not worth it in the long run. College graduates are beginning to have high expectations on their wages earned. New college students are losing ground on wages by the time they graduate. Many are working hard to earn a degree, going into debt, making sacrifices financially. But, the lack of wage growth is affecting them after college.
At (blog.uncollege.org) it says, “The cost of college has skyrocketed in recent years. Attending a decently ranked university can easily cost upwards of $100,000.” Some People thought of not spending money on college but to go skip and go straight forward into life. But what I’ve seen in the success of college, are things that you earn and get rewarded for and you live life way easier. There is more to it than just getting a great job and getting more money after you graduate from college.