Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Socioeconomic status and academic achievement
What are the effects of rising college tuition
Effects of social economic status in education
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Socioeconomic status and academic achievement
Drowning in Debt "I 've had to compromise who I am . . . because I started down a path that I couldn 't turn away from. Student loans aren 't hope. They 're despair."(Rolling Stone) College students are the future of America, yet many of them are being punished for getting a college degree. They are told that college degrees are the right thing to do, and will get them a better job. But they are not being told about the debt that comes with it. You go visit colleges, see their campuses, and are sold. You apply for student loans, and it all seems great, except one thing went wrong, no one told you what you really needed to know about student loans. No one seems to care that the future of our country, is literally, drowning in debt. Students should be aware of what they are getting themselves into, before it is too late. A student loan can be easily defined as “an agreement by which a student at a college or university borrows money from a bank to pay for their education and then pays the money back after they finish studying and start a job”(Cambridge). Understandably, most families cannot afford to pay for all four years of college, so students turn to taking out a loan. The price of a college …show more content…
Strictly because most countries do not require people to pay for that education. In other countries they do not have to pay to get a college degree, it is paid for through taxes, just like their free health care. The education there is not bad either. America may have wonderful universities, but when has anything bad been said about international universities? Think about it, America is seeing a low demand for jobs, and low income salaries. The children of today, are tomorrows future, so why should they be at a disadvantage? Morally, free education is the right thing to do, as well it is not an impossible
Martin and Lehren’s article “A Generation Hounded by the Soaring Cost of College” addresses the issue faced by current and former college students dealing with large amounts of debt due to student loans. The article presents the reader with stories of former college students who have either graduated or dropped out, and their struggle to pay off their student loans. The article also talks about issues such as students not being informed about high amounts of student loans and why student debts have increased. Martin and Lehren also make the issue of student debt more intimidating by giving examples of high amounts of student loans students have had. The article gives a very hard reality check to anyone reading as to how bad the problem of student debt is.
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.
America has the money to constantly pour in so many different programs for various issues, but not for higher education where we all can attend. How can the next generation be able to tackle the issues that will occur in the U.S. or the world if most of the population is not educated enough to come up with solutions for our problems. There are always two sides to an argument and when it comes to free college one side says tuition should be free, while the other side says tuition should not be free.
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.
Many people would agree that our country’s young adults have and continue to incur a lifetime of debt by enrolling in college. It’s become an almost acceptable understanding that if you plan to attend college, you might as well expect to graduate with an enormous amount of debt. Robin Wilson, a reporter for the “Chronicle of Higher Education,” and author of “A Lifetime of Student Debt? Not Likely” suggests student loans are very real and can be life altering.
Students even take out loans because their financial aid cannot cover up for their Mark Kantrowitz indicates in his article, Why the Student Loan Crisis Is Even Worse Than People Think, that “Student loan debt is increasing because government grants and support for postsecondary education have failed to keep pace with increases in college costs”(Why 1). This means that the government no longer covers for college tuition fees. College graduates are 20% more likely to work at a job that is outside of their major by the debt they are in. Kantrowitz also mentions that “students who borrow to attend college, it appears that more than a quarter (27.2%) of them are graduating with excessive debt” (Why 1).
The debt associated with higher education is one of the biggest factors of deterrence for most people who are interested in college, and it is not at all surprising. 71 % of college seniors who graduated last year had student loan debt, and the average debt for a college student with a four-year degree is $29,400.This number has gone up an average of 6 % each year. Keep in mind that this is just the average debt, and there are students who are in debt upwards of $30,000 dollars (projectonstudentdebt.org). Now in order to understand why the debt is so high it is best to break down the different costs of higher education. The first and most important of which is tuition.
Employers consider a degree necessary for getting a job at their company. However, not many people can afford college. The solution is to take out loans, then college becomes affordable. These loans create a whole different issue, student loan debt. This can affect people their whole lifetime and has been happening for years upon years. But, in the more recent years America is starting to shed more light onto the issue and are becoming curious on why colleges charge twenty five thousand dollars, or more, for a year of education. Many different countries offer free college, but in America student loan debt keeps getting worse.
Before World War II student loans did not exist. After the war people started chasing the American dream. College education was no longer available just to the wealthy but everyone had access to student loans. Many people that fought in the war did not graduate from high school. When the war was over, they didn’t have jobs, money or education. This is how the GI Bill started (2). In 1965 the higher education Act was implemented which provided funding through grants and scholarship programs. This increased the numbers of adults completing high school and college which led to higher paying jobs. In 1970 the average tuition was only $585 per year (4). Today tuition for a moderate in-state college averages $22,826 according to collegedata.com. Private colleges average around $44,750. This includes housing, books, tuition, fees and supplies (college data). Without financial aid, the principal without interest on a four year college will cost between $90,000 and $180,000. Young couples today that both have college degrees typically both start out with student loans. If you double the figures on a student loan, they start off with payments as high as a mortgage!
Most people today accept the debt that comes from college. Students consider student loan debt as a “good debt.” They see other students make this mistake but follow their path anyway. Nearly 80% of college-bound students have not projected the total amount of money they will need to graduate college.
... quickly discovering that maybe college isn’t the way. The American dream isn’t so dreamy. Student loan debts aren’t worth it when they could be better off without a college degree. The loans are destroying Americans hopes and ruining their lives. The government needs to remove it’s self from this and let the banks take over and compete with each other. It’s the only way to lower the tuition and costs of everything. The college degree is even losing its face value and hyperinflation is right around the corner. It’s time to wake up. College could be a good thing. Our government is too greedy to see it the way it needs to be handled an it is high time that anyone seeking a college degree look at College Degrees to determine if it really is worth the time and money and stop being indentured slaves paying on worthless degrees and a lifetime of paying on student loans.
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.
With the ever-increasing tuition and ever-tighten federal student aid, the number of students relying on student loan to fund a college education hits a historical peak. According to a survey conducted by an independent and nonprofit organization, two-thirds of college seniors graduated with loans in 2010, and each of them carried an average of $25,250 in debt. (Reed et. al., par. 2). My research question will focus on the profound effect of education debt on American college graduates’ lives, and my thesis statement will concentrate on the view that the education policymakers should improve financial aid programs and minimize the risks and adverse consequences of student loan borrowing.
Countries such as Germany with high rates of universities and colleges which are free even for international students generally have higher levels of innovation and productivity growth. That attracts employers from other countries and foreign investments. Socially, a more educated population means elevating the countries status and economy. The government is encouraging students to go to school, to be educated, and to improve their chances of getting a good job, but at the end all they are left with is a lot of debt they have to pay off. Making education free is not wasting money, but actually it is investing the money for a worthy cause and spending it in on their future.
This means that a student loan is a student borrowing a sum of money that he/she has to pay back with interest. The amount of debt in student loans a student has after getting out of college is over $27,000. They didn’t have to worry about it in college but after 6 months out of college you have to start your monthly pay. This means every month you have to give money to this place because they paid for your college.