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Community college vs university education
Student debt effect on students
Community college vs university education
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When a student gets out of college the game plan is supposed to be, get a job in the field that you went to school for and make money so you can start your life. That particular situation is rare considering not all students get a job fresh out of college. For the students that don’t, they have to go back home and settle for a regular job and start paying off their giant student loans and put their life on hold. Even with having the job they wanted the student loans come right around the corner. After college is when the student’s life is supposed to start and the part where you get a car payment, pay rent, utilities, but none of that is possible when you add the enormous amount of money that the student will be in debt by. With the amount the students have to pay fresh out of college, more students are sacrificing more time struggling to pay off the student loans then they spent in school. Student loans are set-up in a way to be flawed and not always completely necessary to the student. Student loans are a trick to the mind and a trick to your wallet. When getting a student loan all the student thinks about is “Now I can afford to go to school”. The sad truth about that statement is that 90% of the people who get a student loan cannot afford school and they really can’t afford to pay the loan when they get out of school. David …show more content…
On a list of pros and cons that would be the only pro on the list. Student loans are a simple one way ticket to debt and depression; and there’s never truly a need to get a full student loan. With community college and trade school out there, it opens plenty of money saving alternatives that wouldn’t require a full student loan. The student loan system in itself is a broken system that needs a lot of adjusting. With all of the other alternatives out there it almost doesn’t make sense these days for students to go on and get full student
Along with scholarships, fellowships, and grants, student loans are an important method of financing post-secondary education. With tuition costs rising, more students are borrowing to pay for college education today. However, not all students realize the burden of paying back their student loans. Many are defaulting.
Individuals are struggling nowadays to acquire an education higher than a high school diploma. One of the main reasons for this issue could be very well the price it is to attend college. Prices have skyrocketed throughout the years. A lot of the people who attend college have to take out a “student loan,” just so they can get by. I believe one should not need to be in serious debt before they even graduate, all because they want to go out and further their education, and become successful in their life.
Once a person graduates from high school they are left with a difficult decision, wither to go to college or not. Some families this is not an option, their kid will go no matter what, but many students do not want to go to school and have so much student debt by the time they finish that they will have to pay off that they decide that college is not worth it. According to Craig Smith in his article in Education Digest he says, “too many families cannot afford to send their children to college so the student is left with making the decision on wither to go to college and collect debt or just skip college altogether” (Smith 42). He has a good point. Too many students feel like they have to pay so much yet they are not really getting much out of it. Smith later on in his article states, “We must stop balancing our state and institutional budgets on the backs of students and families” (Smith 46). School should not be all about money, it should be about helping the students get the education that they need so they can make it out in the big world. If a student is so worried about how they are going to pay their school bill they are not going to be focusing on their class work and it ...
Doyle states in his article, “As of this writing, the total amount of outstanding student loan debt has been estimated at $960 billion (Kantrowitz, 2011).” Right now, there is only 7.4 billion people on earth, but not all of those people are in debt. So, massive debt with not near enough people to even cover the debt on the whole planet put this issue into perspective. Many people talk about applying for scholarships but scholarships can only cover so much of the price, and even then, the scholarships aren’t guaranteed. Now what about paying off the loans? How will that take? “First, incomes vary tremendously across different choices of majors and professions. Second, the incomes of individuals starting out in the labor market vary according to the state of the labor market at that time.” There are many different factors that go into this process. As stated in the previous paragraph, those who do both work and school are more apt to pay their debt off at a quicker pace. But, how much they make and how often they paid is another contributing factor. If the average college student is making minimum wage (part time) and is going to an in
Although many don’t get the opportunity to go to college just for the mere fact of money. Which is in fact one of the reasons why many parents and elders actually go back to college later in their lives once they are more established, wealth wise. Is because now they can afford the cost of a college education. As a student I recognize there should be more options on how to pay for the cost of college that way many people can obtain a college education. Although, there a few ways to pay for college such as, scholarships, financial aid, and loans. But often times to keep a scholarship you have to maintain a certain grade or you could lose a scholarship, which could make it difficult or stressful for a student. And with loans they only increase debt. This is another reason why students don’t feel as
It is a norm and expectation in society today for students to pursue higher education after graduating from high school. College tuition is on the rise, and a lot of students have difficulty paying for their tuitions. To pay for their tuitions, most students have to take out loans and at the end of four years, those students end up in debt. Student loan debts are at an all time high with so many people graduating from college, and having difficulties finding jobs in their career fields, so they have difficulties paying off their student loans and, they also don’t have a full understanding of the term of the loans and their options if they are unable to repay.
In my opinion, what you are being told in high school is only half of the story, once you are in college you realize that you will have to face a financial DEBT, which among students seems to be rising and we are overwhelmed with repayment after graduation. According to studentloanhero.com there is 1.26 trillion in total U.S. student loan debt and there are 43.3 million Americans with student loan debt; these are crazy numbers, which in my opinion shouldn’t be that high and we should formulate a plan to lower the numbers.
No matter how much students work to pay off their tuition, chances are they are still stuck paying for it. There is no easy way around debt, which is the main reason why many students begin to obtain jobs in college. CNBC reporter, Stacy Rapacon explains that new studies show tuition is unavoidable because no matter how much we work, it still isn’t enough to pay off tuition. Tuition continues to rise year after year, less and less students are able to actually afford going to a college they desire. In “Degrees of Debt”, by New York Times editor and reporter, Andrew Martin, the discussion of college students taking out loans are due to the belief of investment. However Martin argues that in the end, once they received their education, they still have a
I was in 1st grade when I found out that I had a learning disability. I still
Some students who are interested in college think that college is pricy and that can interfere with them receiving an education. In the article "It's Time to Push for Free College", Max Page says, "Many cant go to college because they can't afford it or won't burden their families with the debt." Debt shouldn't affect a person's ability to receive a good education. There should be equal knowledge just like there is for K-12 in order to pursue their career. There are students who receive loans and are in debt because they are willing to pay for an education that can supports them in many
I am very interested in attending Flagler College for a number of reasons, Flagler is the perfect college to help my achieve my goals. It offers the individual help that I desire, an outstanding business program, a wide variety of clubs and organizations, and most important, Flagler opens up a lot of opportunities for career choices.
For generations, college degrees provided a ladder of economic opportunity, however, recent rise in student debt has called into question the value of higher education. With loans becoming the primary source for accessing college, cohorts of young adults are finding themselves having to start their post college life in higher amounts of debt than previous generations.
Do you ever wonder why students in college are always in debt? Students in college are always low on money because of the student loan they take out. Taking out a student loan isn’t a good thing. You can take another path on paying for college. After taking a loan out for college you soon become broke and can’t afford anything else.
They claim that the amount of debt student loans bring will not be repaid by having a degree. However, that couldn’t be farther from the truth. Even though the average student borrower graduates with $26,000 of debt, it is still more financially beneficial to have a college degree (Is college education worth It?). According to a paper published on the journal Science, the actual cost of a college degree is negative $500,000 (Leonhardt). In the long run, college is going to make you money, and not attending college is going to lose you roughly half a million dollars. The upside of a college degree is far greater than the downside of student loans. It is true that student loans can be quite pricy and intimidating, however it is not true that they outweigh the benefit of a college
As students seek jobs in a recovering economy they are force to take whatever job they find in order to pay their debt for the education they received. They cannot afford to be too selective when it comes to finding employment. In many instances most recent graduates have to put their career on hold and take a job outside of their field of study. Most of them take on two jobs so they can pay the bill for seeking higher education. This causes them to get trapped in jobs they are not satisfied with. Student loan debt has caused an impact on their social life as well. Many will shy away from marriage because of the extra baggage of loan debt that they bring into the equation that most don’t want be saddled with the responsibility of someone else’s debt when they have their own to tend with.