The Pros And Cons Of College Debt

College debt used to take up to 25 years to pay off depending on your choice of college, but now has decreased to 10 years, is college worth that price tag. Colleges provide people of all ages with higher education and meaningful experiences that will last most people a lifetime. Going to college is a well worth it decision, but not everyone is suited to it. There are some people who believe they aren't right for college and go straight into the workforce. Although the cost is high the valuable education and experiences are worth the time effort and money. The cost of college is skyrocketing, but college students and families still believe it is great education option and amazing opportunity. “ College graduates say college was a good investment for them”-Time Magazine. The pay gap or difference has increased in past years and is still on the rise. “When comparing the average wage of college graduates to the average wage of those with only a high school diploma, a distinction was clear”-Kevin Short. The difference between high school diplomas and a bachelor's degree is a compelling reason to go to college alone. “ The “net present value” of a

These student loans are prominent the time needed to pay them off has lowered. It took graduates an average of 25 years to make up for the costs of getting a bachelor’s degree in the late 1970s, the researchers said. Today it takes on average 10 years-(Huffpost). Student loans are a big part of why many peoples decision to go to college are wavering, but if you are careful and think it through “ attending a public college might make more financial sense than a private college. Private schools charge $26,300 a year on average, compared with $7,000 for in-state students at public, four-year schools”-(Kotlikoff for msnbc.com). The choice to go to college can be a less stressful more pleasant