Student Debt

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Social Issues in College Education and the Student Debt Crisis. Hayley Engelman Central Methodist University SO101-OA: Intro Sociology Professor Barwick March 3, 2024. Introduction For many high school graduates, receiving a college degree is a huge step towards achieving success in the workforce, in the United States. However, the average cost of a college education in the U.S. continues to rise. At the same time, the salaries of Americans without a college education continue to fall. With the rise in costs for everything in 2024, a college degree is still extremely important to a person’s career. It will increase your chances of finding a job while still receiving a great salary. Although, college education has become more expensive …show more content…

This exaggerates the existing inequalities of limited access to education. Mental health is another social issue with college, as significant student debt will not doubt lead to anxiety and stress. Another issue is that because of the rising costs of college, individuals get stuck in terrible economic standings and cannot seem to find their way out. Many people question if it is worth the cost, but many eventually say it is. Receiving a college degree is more important now than ever, due to low wages, high inflation, and increased chances of finding a job. Student Debt Crisis When students go to college, the majority of them cannot pay full tuition, so they use federal student loans to help pay for it. The majority of the student debt crisis is due to federal loans, and a small portion of it is private loans. Due to an increase in average debt and decreasing average salaries, student borrowers are in a very tough crisis. Many graduates are finding difficulties in paying the debts, and these debts have interest, so repayment becomes more difficult and because of that, debts are less …show more content…

2023, August 22. Is rising student debt harming the U.S. economy? Council on Foreign Relations. https://www.cfr.org/backgrounder/us-student-loan-debt-trends-economic-impact Hanson, M. (2023, January 30). Student loan debt crisis (explained): Facts, causes & effects. Education Data Initiative -. https://educationdata.org/student-loan-debt-crisis Henslin, J. M. (2019). Essentials of sociology: A down-to-earth approach (13th ed.). Personal Education - Personal Education

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