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Introduction about college debt
Introduction about college debt
Introduction about college debt
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Imagine two high school seniors sitting in their career development class. They’ve been asked the same question: “What are you going to do when you graduate at the end of the school year?” One student has his mind set on going to a university to pursue a degree in engineering, while the other contemplates whether or not to attend college. He is not sure if the college path is worth his time or money at this point. He’s been working a part-time job at a nearby store ever since his sophomore year and has thoroughly enjoyed it to the point where he wants to stay and work up to being a manager. The pay is good and it is a stable, guaranteed job for him, so he decides to stay on his current path for now and decides not to attend college. Flash-forward …show more content…
According to College Board, “with financial aid, many students who can’t afford the full cost of college are able to earn their degrees” (“Financial Aid Can”). Financial aid refers to any type of money given or lent to a student from the government or colleges he or she wishes to attend to help pay for college, and it can come in the forms of federal and state grants, loans, and work-study programs. This helps lower the cost of tuition and fees for students attending college. For students to be eligible to receive any type of financial aid, they first have to apply and complete the Free Application for Federal Student Aid (FAFSA) to be considered for financial …show more content…
The amount of money college graduates make after graduating college will end up affecting their amount of loan debt which can be beneficial to them. Thus, the more an average salary is for a college graduate, the more likely they will be able to pay their loans off quicker, which will therefore lessen their loan debt altogether. The higher average incomes with college degrees are to not only encourage more students to further their education, but also to be advantageous to their payments later on in
If the student graduates with a degree that is high need this can help the graduate get the job much easier and if the job pays well, this can help pay off the graduate’s student loans sooner as well. Whenever you have a higher income this can increase your monthly loan payment, which leads to being able to pay off your student loans much faster than having a job that has a lower pay rate. “The value of a college degree remains high, and the average college graduate can recover the costs of attending in less than 20 years.” (Mary C. Daly, Leila Bengali, page 4). From the article “Is it still worth going to college” Mary C. Daly and Leila Bengali explain how if you graduate from a four year college a graduate will have a much higher earning rate rather than a high school grade and also a graduate that attended some college but, less than four years of attendance. “College graduates earned an average about $20,050 (61%) more per year than high school graduates.” (Mary C. Daly, Leila Bengali, page 1). Not only does having a well-paying career help pay off student loans quicker, but it can also help the
First, college degree graduates have better opportunities in finding a high wage job. “Graduates enjoy increased opportunities for employment at higher rates of pay, providing them with the wherewithal to pay off debt, if they are wise stewards of that debt.” (Smith, 29) People with college degrees have higher chances of being successful in the future because employers would rather employ those who holds a college degree. However, although there are some people who did not attend college find jobs that can help satisfy and support their lives, they cannot compare the earnings of college graduates who holds a degree. My cousin, holding a Bachelor’s degree of Business Management, graduated 5 years ago from College. At first, College education can guarantee the success of her goals, but because of her persistence, she is now a successful businesswoman. She has now a full-time job that can support her family and has already built her own home. With this means, having a college degree helps a person not only achieve their own goals but also being independent. “Realistically, having a college degree will likely mean a com...
College is thought of as what every parent wants for their child, so they can go off andmake something of themselves. For the most part, this is true. Those who attend college arebetter off than those who do not, on average, earning far more than their undereducatedcounterparts. College is a worthwhile investment and should be pursued by all who have thechance because it helps students further their knowledge, it is a place to find who you are, and itgives them a different perspective of the world.College is worth the cost because if college was available for everybody and collegedegrees were handed out as commonly and at the same rate as high school diplomas then collegewould not be that special. Therefore, college would just be an extension of high school. Ifanyone could get their hands on a degree, how would you be able to get the job you want? It isbetter for college to cost money because if a student really wants to attend college and furthertheir education, they should have already been willing to pay or to find a way to pay for collegeto get the upper hand on the general
Due to the fact that a majority of people want a good amount of income, they choose to go to college. Majority of people choose to go to college so that they are able to receive a better salary and afford more possessions. Going to college will help you receive a better wage and a better job compared to those that only graduate from high school. College graduates are estimated to earn far more money over the course of a lifetime than compared to high school graduates (“President’s Perspective: Why go to College?”). This means that people who go to college are estimated to earn more money in one life time than that of someone who only graduated from high school. It is not always certain that going to college will get you a better salary but many statistics show that going to college can help. One of these statistics is the starting salaries of college graduates compared to those of a high school graduate. The starting salaries of college graduates are better than that of people who only graduated from high school. Starting salaries of college graduates are also steadily increasing over time. The overall average starting salary for a U.S. class of 2013 college graduates stands at $45,327, an increase of 2.4 percent over the report...
How does the rising cost of college tuition affect us? Every year thousands of students attend a college or university, usually of their choice, with the goal of achieving a higher education and to better their future. The cost of attending college is too high and it needs to go down; there needs to be more scholarship and grant opportunities. The high cost of attending college is a major reason that students aren’t able to achieve higher education; others take this as a challenge and it is motivation for them to work harder to achieve their goal. One might ask why would someone want to spend money to receive more education and miss out on more years of work that they could’ve performed? For many, it is so they can receive more salary for the jobs that they will have later in life, also so that they can get training for their wanted career. The cost of attending college is high and continues to rise without indications of decreasing. The rising cost has many benefits such as earning more pay, but it also has its disadvantages such as the debt that is accumulated from student loans. Not everyone can afford to drop down thousands of dollars and attend school for a few more years. Students who wish to receive a post-secondary education must decide whether it is the right choice for them depending on their financial standpoint, meaning that they must decide if they have the resources to further their education.
As of today’s generation, it is significant for everyone to attend college because it will impact the future. Nowadays, students are struggling towards paying their college tuition. It is hard to attain a professional career, thus, some job requires vocational courses composed of skilled and experienced laborers. The professionals pass through various challenges for them to achieve their professions’ education. Was it simple? Prosperously, there are bunches of ways to accomplish the education of each individual.
Sometimes students question themselves if college is really worth it? That question has many answers that only a student can answer and decide for him or herself. For some students college can have a positive, life-long outcome. However, there are many obstacles when it comes to college. A student has to be very dedicated in school, and they have to know how to manage their personal life, school and work. College seems like it has more negative effects than it does positive for some people. For the following reasons college is not worth the cost because it is very difficult to find jobs after graduating or they find a job that is not in their field, some students who are not academically prepared wind up dropping out of school and wasting their money and some students struggle to balance school life, personal life and work life. As a result these students end up dropping out of school.
Fighting the cost of college tuition is a hot topic these days. As long as I can remember, tuition has always been a reason why most people don 't pursue their bachelor’s or even associate degree. Today 's society has changed students are fighting for grants, financial aid, and even loans to pay through school. In order to be financially comfortable in the 15th century a college education is a must. It is an everyday battle getting financial support from a college’s administration. Colleges need to be more affordable, obtaining funds less stressful, and colleges must enact policies that condone these principles.
Thought needs to be put in on how unfair it would be for someone with a lower skill set can have the job that you are after even with the acquired skill set. It all comes back to how graduates need to stop reassuring themselves that “their piece of paper” will do all the work for them. But as it remains, the amount of jobless “college grads is far more less than” those who are not (Paquette). Illustrating that although college might not always be worth it for everyone, so far for most it is working out as they at least have a
A diverse array of arguments concerning the costly price of college and its equivalence to the ultimate result of attending persists along a vastly debatable spectrum of economic and social influences. Those seeking a better standard of living by the means of higher education often find themselves in conditions that are more adverse than their lifestyle prior to attending college. Efforts to dwindle the expenditure of college education have the potential to produce a heightened reality of the world, with intellectual knowledge as a pivotal key. The expensive cost and limitability of a college education has potential to invoke incentive to work harder in one’s studies; however, the cost can crush individuals enrolled, obtaining a college degree does not ensure employment, and an excessive number of individuals are hesitant to attend college in the first place due to the prevalent debt tied to its completion.
College is a very important part of life, that most students want to experience. Most students look forward to college because it sets them up to be successful in life. What a lot of students do not understand is how much it costs to pay for college. There are lots of ways that students can pay for college, most of them do so by either receiving scholarships, paying out of pocket, or by receiving student loans. To me, the best way to pay for college is to receive a scholarship.
“To pay, or not to pay?” is the question many people face with when it comes to the problem of motivating their kids to get good grades. The reasons as to whether or not parents should be paying their children for good grades are quite simple, and come down to one question: “Does paying students to get better grades actually work?”. The answer to this question would be no, it does not. By rewarding children with money for doing well in their classes, you’re encouraging them to have the mindset that they are entitled to an award for everything they accomplish or do. Although giving money to excite and motivate students may work the first couple of times, the drive it gives them to do so is not going to last forever.
Riley Whitman 11/11/15 Editorial Free College Many Americans today still debate whether or not out government and country should fully implement free college. Those who are opposed to this idea are concerned with quality and accountability of education for all. For those in favor of the expansion of education, free college represents one of the great hopes for a better world. Even in the poorest nations, people believe and support in the funding of the expansion of universities and other higher learning opportunities are wise investments. Being a college student, I disagree with the idea that the U.S. should implement free college for all U.S. citizens.
Paying for your education throughout all of the years of your life shows you truly care about learning and doing something big with your life. Nearly 40 percent of working americans hold a college degree, yet 65.5 percent of students enrolled in college. Therefore only 25.5 percent of americans actually ended up getting a college degree and worked in what they studied. In all, 65.5 percent of the people who went to college who expected to learn and get something out of it, paid thousands of dollars, who are more than likely now in debt because of paying for college. Studies show that a higher tuition may translate into a higher salary.
Many people deem college a necessity, however not everyone can afford to attend. Every year thousands of students are forced to drop out due to the cost of tuition. Some students can’t even afford to enroll! While there are federal and private programs that can aid students when paying for college, they’re far from perfect. Taking part in these programs will more than likely leave a student thousands of dollars in debt.