The Pros And Cons Of Student Loan Debt

Seventy-five percent of high school seniors are accepted to their first college choice or university, but less than fifty-seven percent can bear the expense to attend their first choice learning institution. In fact, ”two out of three college students have now graduated with student loan debt. The average tuition is three times higher today than in 1980.” “1.5 million, or about 53.6 percent, of all bachelor's degree holders age 25 or younger were unemployed or underemployed in 2011.” (Gerber, "34 Depressing Facts About The Job Market For College Grads"). Furthermore As many Americans prepare for the next semester, homework is not the main problem on their mind, it is being able to meet the payments of their college tuition. Student loan debts

“Those with college degrees tend to make enough money to recoup their debt over a lifetime”. (McElwee, "You Can Blame Student Debt for America's Inequality and Shrinking Middle Class"). Further public colleges are leading to the stimulation of inequality. It is pronounced that “public colleges are becoming a thing in the past”. (Huelsman and McElwee, "You Can Blame Student Debt for America's Inequality and Shrinking Middle Class"). Consequently This generation of undergrads is less likely to benefit from a government funding program than past students. However, majority of the wealthy people contradicts with letting the government do whatever they can to let a population of people goes to college. “The federal government should make sure that everyone who wants to go to college can do so”. (McElwee, "You Can Blame Student Debt for America's Inequality and Shrinking Middle Class"). The great recession prompts higher college tuition resulting in the pore having to pay more. Statistics show that the state per full-time equivalent students has gone down by approximately two thousand six hundred ninety since the years of 1998-1999. A study has shown that student loan debt affects all individuals, but minorities and women are shown to be the majority affected by this, There is a gender pay gap with college- educated women. The rising of inequality has only increased the student loan debt among the poor and

Free college education should be given to all students for the reason that it will help assist students to concentrate on their work studies. Most college students tend to obtain a part-time job and are usually full-time students. Additionally, They have to depend on their jobs, just as much as their academics, To have enough money to pay for all necessary classes that they are required to take and books that they are required to have. These jobs tend to take time from students study time. Therefore If students did not have to pay for the education they would spend additional time educating themselves, plus will be well recharged instead of tired and exhausted from time consuming jobs. Being a student at a college could be extremely weary already and without the extra stress of them has to worry about their financial situations or other issues of their personal education it could prepare them for classes instead. There is a great quantity of students who are from underprivileged families who also works exceptionally exhausting in school and should not encounter stress over their college payments more than they stress over actual classes. Furthermore, Since everyone spends so much time and effort on school work they should all have the right to acquire a free college tuition. The lack of money should not be one of the main causes for a student to not be able to complete their education, but mostly from reaching