Essay Student Loan Debt

552 Words2 Pages
bulb-icon

Recommended: Importance of higher education for society

Student loan debt is approaching $1.41 trillion dollars, according to studentloans.net. That is so much money. Our colleges are costing our own people, our next generation, to be in debt $1.41 trillion dollars. With college costing so high, and that it’s cost rising, the time is now to push for free college education. We cannot continue to pay for education. College is necessary to build a solid career. College enrollment is lowering, most people think they cannot afford college, and even more of them cannot afford it. College is also extremely expensive. If more people are able to go to college, many more people will become well-educated. What could be bad about a well educated country. Nothing! If more Americans go to college, America …show more content…

Someone graduating from college is bound to have a better career. One reason college education is essential is because college graduates will make more money than high school graduates. The average salary for a college graduate is $46,000. The average salary for a highschool diploma is $32,000, according to CheatSheet. Also, many jobs require a college degree. The ones that do not require a college diploma are not as high paying. We are making getting a good, solid career almost impossible because a college tuition. College enrollment is not as high as it should be. According to NYtimes ,in 2014, only 65.9% of highschool graduates enrolled in college because they could not afford it or the didn’t want to burden their families with debt. Around 60-80% of people do not think they can afford college, says the Huffington Post and thinkadvisor.com. Even more people can’t afford it. 95% of people cannot afford college, stated World Socialist Website. Rebutull. College is crazy expensive. According to CNBC, college tuition has risen 213% since 1987. CNBC also stated that the average cost for one year at an in-state college $20,090. The average for an out of state university is $34,220.

Show More
Related

  • Essay On College Tuition

    1253 Words  | 3 Pages

    ...truth. today’s job market is fiercely competitive. With unemployment at an all time high, it is near impossible for one to find a job with or without a college degree. Hundreds of layoffs and fewer openings can really make it hard on those who have just graduated and are trying to find a career. Just because you have a college education does not guarantee a job, or job security. It just makes you a better candidate.

    Read More

  • College Is Not Always The Answer By Lawrence Mishel

    959 Words  | 2 Pages

    College is an experience of a lifetime . It's very expensive so for most they do not get the opportunity .They do not get the opportunity to get a higher education . Without a higher education most people can not receive a good well paying job . Now most of the United States attends or have graduated college . Which makes it hard for everyone to have a well paying job .

    Read More

  • Why College Should be Cheaper

    1910 Words  | 4 Pages

    There is no doubt that college is expensive, price tags for some universities go over a quarter of a million for just a bachelors degree! (That’s if you graduate in four too). The extravagant price for college is no doubt crazy. Trying to better yourself and your future shouldn’t cost $250,000 plus. If public universities were to be free a plethora of problems could be solved instantly. According to Forbes the National student loan debt has surpassed 1.2 trillion dollars (Denhart )! This number is growing exponentially as more students enroll in to college. Why question then whether college should be free? Well, this number is the total amount of student loan debt from all students that have exited college. Some of these students are freshly graduated while some are aged with the wisdom trying to pay their loans back. If public universities were to be free and funded by our federal government, our government would pay this amount within ten years. Relatively a short amount of time considering that the student loan debt is an accumulation debt from students that have graduated more than ten year ago, also this also greatly increase with the following years as well.

    Read More

  • Student Debt Research Paper

    1368 Words  | 3 Pages

    If you are not paying completely for your college tuition, then your parents are helping and or you took out loans and eventually have to pay them back. Seeing how most college freshman are 18 or even 17, means you do not have much money saved if any at all and your parents are stuck paying for everything you need, going to college for more than four years or even at is going to cost you, or should I say your parents. Undergraduate loan borrowing crossed the $100 billion edge in 2010 and aggregate loans surpassed $1 trillion U.S. dollars a year ago. “This (student loans) increase has put a disproportionate burden on students and their families—hence loans. The median household income for a family of four is about 24,300 in 1980, 41,400 in 1990 and 54,200 in 2000. In addition to the debt that students take on there are few statistics on how much parents pay and how they pay it” (Williams 2006). It's not advanced science. It's the economy, Undergraduates and laborers looking for more schooling are obtaining lots of cash through government and private advance projects to help take care of the continued raising expense of school and preparing for careers. Much of the time, parents in charge of the undergraduate loans are in or are close to

    Read More

  • Student Loans For College Essay

    552 Words  | 2 Pages

    Personal Finance Essay Many students in today’s world believe they need to take out student loans for college. I believe you don’t have to take that path. Student loans are hurting many students who attend jcollege, and I believe that the loans should stop. Any student can get through college and be debt free at the end.

    Read More

  • Positive Statement: Is A College Education Worth It?

    849 Words  | 2 Pages

    Figuring out if they should find jobs right out of high school or go to college first. Nevertheless, most people are sure that they want to have a better job. Not only one that will pay more, but one they are pleased with, and one that makes him/her happy. Today, practically 60 percent of all jobs in the United States require their employers to have a higher education. Jobs for individuals who only have a high school diploma are decreasing. A large majority of high school graduates work in some type of service industry. These individuals also work in low paying jobs with no position to advance. On the other hand, college graduates tend to have more skills that qualify them for a much larger range of employment opportunities. This makes it easier for them to move up in positions. According to Catherine Rampell, “there are more employed college graduates today than employed high school graduates and high school dropouts put together” (678). Thus, as the economy progresses over the years to come, college graduates will be better placed to find jobs that will offer a larger amount of pay. Therefore, earning a college degree will greatly enhance your marketability as a professional.

    Read More

  • Essay On Benefits Of College After College

    2146 Words  | 5 Pages

    College graduates earn more money than high school graduates. The average annual income for someone without a college education was around $40,000 in 2010, but someone with the college education

    Read More

  • Essay On College Student Debt

    1222 Words  | 3 Pages

    College debt is a universally known issue that remains one of society’s largest burdens today. Over the past ten years, high school students and graduates realized that they must seek a higher education in order to find a job that keeps food on the table. Attending a college or university is practically required in order to succeed in life today. Millions of people seek a higher education to pursue a degree, graduate, and acquire a quality job that supports their everyday needs. It often means a lot of money to pursue and earn a degree nowadays. What they don’t realize, is that paying their tuition and housing deposits is essentially signing a contract, costing them thousands of dollars in the near future and leading them down the dark path

    Read More

  • The Importance Of Having A College Education Essay

    1103 Words  | 3 Pages

    People with a college degree tend to make more money than those who didn’t attend college. This is because most of the jobs that have a higher earning require a college degree. People that only get their school diploma don’t make as much money as someone with a college degree. A study done suggest that people who have a college degree are more likely to get hired because they have an education compared to those who don’t. According to the United States Bureau people who achieved the current degrees earned the following median salaries. People with a doctorate degree earn $100,000 or more. With a bachelor’s degree people earn $58,000 and people with an associates earn $42,000 or more(Lucier). A High School diploma is not worth as much as a college degree. A High school diploma means less today because of the shaping of the world. People who only have a high school diploma earn only about $33,000. These numbers also depend on the type of field that you are going into. For example, people that have a bachelor’s degree in engineering or management will earn a little bit more (Lynn). They will earn more because these fields are really important. In my opinion the United States has been transformed

    Read More

  • Why I Want To Go To High School Essay

    798 Words  | 2 Pages

    A high school diploma is practically just a piece of paper anymore. You must have a college degree in order to get a well-paying job. Sure you can go into the labor force right out of high school, but you may only be making $40,000 a year. That much money may sound like a lot, but in reality it is not. People with a college degree tend to make twice that amount, if not three or four times that amount of money a year.

    Read More

  • Student Debt Crisis Essay

    751 Words  | 2 Pages

    In 2016 total student debt was around 1.3 trillion dollars-up 350 percent since 2005. More and more students are attending colleges than ever before. A while back student loans were only given to students with low family income or to students studying important subjects, but federal government is lending money to almost everyone. A lot of students are borrowing money from banks and private lenders. Students don’t have any other choice but to borrow money because if high tuition and fees. Many believe state governments aren’t supporting public universities and colleges like they should have. Tom price quoted Barmark Nassitian, a federal policy dictator, in his article about student debt. Barmark says,” The states are gradually disinvesting from public higher education, and that disinvestment is being shifted to students in form of larger tuition (967)”. The funds that were spending on higher education has been devour due to tax cuts and more spending on health care. Many students drop out of college and have difficulties paying their student debt while working a low income jobs. Our government should do something to get this crisis under control. Some kind of aid should be given to families earning less than $60,000 a year. The government shouldn’t have to pay entire tuition, but they have to contribute more then what they are contributing right now. Federal government doesn’t have to provide the funding all by themselves. States should

    Read More

  • Student Debt Essay

    1330 Words  | 3 Pages

    In the world today debt is a major crisis. This crisis is especially occurring in the United States of America. Having debt means to have an unpaid amount of money that one borrowed from credit agencies, banks, private loaners, or the federal government at a certain point in time. One of the most common types comes in the form of student loans. Student loans are given to higher education students pursuing a career through college.

    Read More

  • Student Loans Essay

    1047 Words  | 3 Pages

    Abstract As people of many ages wish to further their education outside of high school, they tend to take out student loans in order to fulfill this wish since the large tuition payment is not in their budget. Paying for an education that presents a degree seems easy to many by taking out large loans to pay for their education. Recently, student loans have challenged the economy of Americans. Education is perceived as a necessary expense to many, in which they do not mind putting a burden on the economy for.

    Read More

  • Why I Want to Pursue a Higher Education

    882 Words  | 2 Pages

    ...ch makes perfect sense is that jobs with high paying salaries and jobs like a teacher, dentist, nurse, or lawyer all require you to have a college education.

    Read More

  • College Essay On Student Loans

    471 Words  | 1 Pages

    Every year, students are borrowing money from banks which are commonly known as student loans. These loans help cover the costs of tuition, books, room and board, and other necessities for high education. However, more and more students are racking up copious amounts of debt from these loans, as the interest rates keep increasing over the years. In 2003, the average student debt rose from 241 million to 1.08 trillion in 2013. Many students say the financial aid system is a long, confusing ordeal with debt that is sky high.

    Read More

More about Essay Student Loan Debt

Open Document