Argumentative Essay On Student Loan

College is a stressful time for many students across the United States. Over time the prices of college have been increasing at an exponential rate. For students who are not receiving scholarships or financial help from their parents, it would be nearly impossible to attend college without the help of student loans. Without most of our citizens being able to acquire a secondary education the United States will not be able to compete in the global market and citizens will find it nearly impossible to be able to compete in the national market. This is why it is necessary for the U.S. Department of Education to keep our student loans program in the budget proposal.

The student loan program has been around since 1958. Once the U.S. department of education was created in 1979 it became in charge of the student loans. The mission statement of our department is “to promote student achievement and preparation for global competitiveness by fostering educational excellence and ensuring equal access” (Ballotpedia). In order for the United States to compete globally we need education. Advancements in technology are one of the largest sources of economic growth. In order to advance technology and create jobs in these fields, the United States needs qualified individual with some form

of secondary education. United States citizens not only need an education to compete on the global level, but also on the national level as well. It is estimated that, “as much as two-thirds of the new jobs available in the United States will require some form postsecondary education” (Evolllution). If the student loan department were to be cut then this would mean that a vast amount of current and future students would not be able to take out loans to get an education that qualifies them for these jobs. “69% of seniors who graduated from profit and non profit colleges graduated with student loan debt in 2014” (Ticas). It is necessary to keep the student loans program apart of the federal budget with such a large amount of student who rely on taking out loans to further their education.
One of the main purposes of the U.S. Department of Education is to “coordinate most federal assistance to education” (U.S. Department of Education). If student loans were not given out then a substantial amount of college graduates and students would have never had the chance to go to college. As of 2014, “40 million Americans now have at least one outstanding loan” (CNN, Ellis). The rising prices of college have been a major contributor to the amount of loans each person has and the size of the loans that they are taking out. “On average, borrowers are carrying roughly four student loans each, up from less than three in 2008. Meanwhile, the average balance has increased to $29,000 from $23,000” (CNN, Ellis). Student debt and loans are not something that will be going away in the near future. When looking at graph one below that was provided by MotherJones, it is easy to see the impact that student loans have on the United States. Student debt has quadrupled from years between 2003 and 2013.
The U.S.

Department of Education of is best suited to run the student debt program because we handle almost all of the federal assistance for education already. We have been doing this for over thirty years and have more experience then any other department. To take the loan program out of our handling would disrupt and confuse another department. The student loan department should remain active because education is known to make society better as a whole. This issue should be important to you because providing a way for United States citizens to live in a better country. “Money, invested well in education, makes an enormous difference to the welfare of everyone in our society” (New York

Times).
Throughout this document I hope I have made it clear that secondary education is a very critical part of maintaining a stable country. If the United States wants to continue being able to compete in a global market, it is necessary that its citizens can afford a secondary education. Without student loans seven out of every ten students would not be able to pay the tuition of college. This means that they would not be qualified to apply for the two out of every three jobs that will require a secondary education in the future. If the United States wants to compete on a global level and the citizens of our country want to be able to compete on a national level, it is necessary that we do not shut down the student loans program that is apart of the U.S. Department of Education.