Essay On Student Debt

Student loan debt has been on the rise over the years. As students are on their way to college, many are turning down attending huge universities because of the hefty price tag. This is an issue because of the high cost of tuition, making it a social problem, a problem that is affecting more than one person, that are is created by social conditions and that can be changed if we take action because students are not able to pursue their dreams, students tend to drop out, and many are stressed. If we were to make college more affordable, students would be able to get a quality education and pay it off on a good amount of time. There are many ways schools are able to lower the cost of student debt as it has risen and is one of the biggest issues

Although this problem only affects those who are attending school and taking out loans, it’s not just affecting one student but many. This social problem is huge, as many loan takers are struggling with the ability to pay it off ten, twenty or even thirty years later. The book Student Loans and the Dynamics of Debt by Brad Hershbein and Kevin M. Hollenbeck, discuss higher education is a worthwhile investment. “Our research shows that increases in the number of borrowers and the average debt per person equally contributed to the growth of total student debt,” and this is what is causing the total student debt to be on the

Students who are not receiving financial aid from their college because their parent’s income is too high, also struggle with paying off the loan because their parents have other responsibilities to pay for first. With higher tuition rates for just one year, some students have no choice but to take out a loan in order to fulfill the amount required. The loan will only be forgiven depending on the cost of living in your state, how much you earn after graduation, and whether you work with a nonprofit organization. When looking at gender, around 50% are female, slightly outnumbering the amount of men but not by much. Feminism plays a huge role in education where women with the same jobs as men, are demanding equal pay. This is an issue that is affecting many and it is important to find solutions to these inequalities. Also, there are many stereotypes that women have more drive to further their education than men. The cause of this social problem is colleges are constantly raising the prices of fees and tuition, making it nearly impossible for students who graduated with a degree and a well paying career, to pay it off in time. Nevertheless, there are students who are able to repay their debt within the given time, depending on their major. This is a social conflict theory, where the students are unable to repay their debt