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The Pros And Cons Of College Debt

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$1.3 trillion. The United States college debt grows past the number of $1.3 trillion as of 2016. College debt is continuing to grow leaving students unable to pay for it and living expenses. The innovative technological world also restricts students of having a good job as well. College debt, and the little money made afterward proves that college is not worth going to. College debt in the United States has hit record breaking numbers, and these are only going to rise. Research and polls show that 87 percent of admission directors of private colleges and 51 percent at public colleges say they are “..losing potential applicants because of fears about accumulating student loan debt” (Christine Giordano). Enrollment at these colleges have dropped by nearly 800,000 in a span of just four years, according to government data. The avoidance of enrollment however, is not for poor reasoning. College students believe that the debt sustained after schooling is too much to pay off. Almost 50 percent of college graduates in their twenties are underemployed, and don’t make enough money for tuition bills. Recent college graduates unemployment rate has even reached a total of 9 percent. It is nearly unlivable to pay for living wages and college debt at the same time. …show more content…

“..when computers can engineer software and cure diseases on their on their own, demand for human labor will plummet” (Gus Veerman). Even the White House officials agree that occupations that require a high use of creativity, interpersonal communication and analytical thinking will be most secured in the world of technology. Jobs such as those are immune to these technological advances. There is no gaurentee that a great job graduating college today, will be a good job five years from now. The innovative society today takes jobs from college graduates every

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