College Debt Is Crushing a Generation of Students Essay

College Debt Is Crushing a Generation of Students Essay

Length: 1401 words (4 double-spaced pages)

Rating: Powerful Essays

Open Document

Essay Preview

Over the past decade, it has become evident to the students of the United States that in order to attain a well paying job they must seek a higher education. The higher education, usually a college or university, is practically required in order to succeed. To be able to attend these schools and receive a degree in a specific field it means money, and often a lot of it. For students, the need for a degree is strong, but the cost of going to college may stand in the way of a successful future. Each year the expense of college rises, resulting in the need for students to take out loans. Many students expect to immediately get a job after graduation, however, in more recent years the chances for college graduates to get a well paying job isn’t nearly as high as it used to be. Because students can no longer depend on getting a job fresh out of college, it has become harder to repay the loans. Without a steady income, these individuals have gone into debt and frequently default loans. If nothing is done to stop colleges and universities from increasing the cost of attending their school, the amount of time it takes for students to pay off their loans will become longer and longer. The extreme expenses to attend a college or university may leave a student in financial distress: which may ultimately lead to hardship in creating a living for them and affect the country’s economy.
The cost of college tuition continues to increase each year. If this keeps increasing the way it has been, students will be indebted the rest of their life. Author of “The Looming Student Loan Crisis”, Jackson Toby states that student loans have increased along with the increase of tuition costs. In 2004, the average unpaid student debt was approximately $18,650...


... middle of paper ...


...Tables & Calculators by Subject." Bureau of Labor Statistics Data. Web. 24 Nov. 2013.

Dwyer, Rachel E., Laura McCloud, and Randy Hodson. "Debt and Graduation from
American Universities." Social Forces: 1-38. Web.

Ross, Andrew. "Mortgaging the Future: Student Debt in the Age of Austerity." New
Labor Forum 22(1).23-28 (2012): 23-28. Proquest. Web. 16 Nov. 2013.

Sabhlok, Raj. "Student Loan Crisis Solved -- Next Problem?" Forbes. Forbes Magazine, 14 Dec. 2012. Web. 28 Nov. 2013.

Stiglitz, Joseph E. "Student Debt and the Crushing of the American Dream." The
New York Times 12 May 2013: 1-5. New York Times. 12 May 2013. Web. 16
Nov. 2013.

"Student Loan Debt Taking tolls on Marriages." CBS Miami., 12 June 2013. Web. 20
Nov. 2013.

Toby, Jackson. "The Looming Student Loan Crisis." The American: The Journal of the
American Enterprise Institute (2013): 1-4. Print.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Is The Safest Way? Hit Someone With A Bone Crushing Tackle? Essay

- What is the safest way to hit someone with a bone crushing tackle. The National Football League (NFL) is trying to protect its players from getting smashed. Two weeks into the 2015 season 15 percent of all NFL players were dealing with some sort of injury. That is quite the amount of players to be hurt by just week two in a season. The NFL is wanting to make the safe, “but ‘safe football’ is a mincing of words (Jackson, 2016, pg. 1).” That was said by Nate Jackson from the New York Times. Jackson wants to change the NFL’s play clock from the current 40 seconds, and shorten it to a whopping 25 seconds....   [tags: National Football League, American football]

Powerful Essays
1050 words (3 pages)

Essay about The Problem With College Tuition And Its Solution

- The Problem with College Tuition and its Solution Today in America, students graduate from college but struggle to pay off their student debt for years. Other times, smart individuals drop out of college because they cannot afford to pay the rest of their college tuition. In the 1960s and 1970s, tuition was only a small fraction of what it is today, and many were able to afford it with the money they earned over the summer. However, as the years went by, college tuition became expensive and eventually started to rise faster than inflation....   [tags: University, Higher education, College, Education]

Powerful Essays
721 words (2.1 pages)

The Millennial Generation: A False Sense of Entitlement Essay

- Sixteen year old, Ethan Couch is sentenced to ten years of probation, after stealing beer from Wal-Mart, driving with three times the legal blood alcohol level, with six passengers, and then killing four people in a car crash. He pleaded guilty, claiming that his affluent raising which lacked limits led to his ‘affluenza’ impairing him to discern right and wrong. Many are infuriated that this teen is getting away with these inexcusable actions because of the resources his family has. The Couch’s were able to afford an excellent attorney that helped Ethan get let off easy....   [tags: Millennials & Entitlement]

Powerful Essays
3221 words (9.2 pages)

Explosive Changes in Young Americans’ Life: Generation Me Essay

- Generation Me, an inspirational book written by Jean M. Twenge, Ph.D. talked about today’s young Americans problems. Twenge did lots of research about young American lifestyles to determine their differences compared to “Boomers” – people born before 1970s. Twenge compared the results of personality tests given to “Boomers” when they are under 30, and today’s young American. This book is also based on films, magazines, newspapers, anecdotal stories from her and, others. Twenge argued that people born in the 1970s, 1980s, 1990s called “Generation Me” or “GenMe” is a generation highly optimistic but, faces crushing realities....   [tags: Materialism, Youth]

Powerful Essays
1435 words (4.1 pages)

Public Community Colleges : Creating Access And Opportunities For First Generation College Students

- Public Community Colleges: Creating Access and Opportunities for First- Generation College Students The author, Julia Brookshire Everett commenced the article, “Public Community Colleges: Creating Access and Opportunities for First Generation College Students”, by first characterizing first- generation college students and also expounding on the difficulties first-generation students encountered when acquiring post-secondary degrees. According to Everett (2015), the term ‘first- generation college student’ was first coined in the 1960s in order to regulate student eligibility for federally financed programs to aid students from low-income households....   [tags: Higher education, University, College]

Powerful Essays
1141 words (3.3 pages)

The Cost of Equal Opportunity: An in Depth Look at the College Tuition Cost Epidemic

- The idea of freedom and equal opportunity that America was built on has sadly been lost and replaced with a system of quality education only being accessible by the wealthy. In-state college tuition should be free for all students meeting admission requirements, allowing students from the full spectrum of economic backgrounds to have the same opportunity to receive the same education. The incidence of poverty in the U.S. is directly linked to educational level. When a college degree is earned, income levels rise (College Board)....   [tags: Higher Education ]

Powerful Essays
1695 words (4.8 pages)

A First Generation College Student Essay

- A first-generation college student is someone whose folks didn’t attend or graduated from college. Many times, students face this reality and have no one to rely on. Some of the challenges this students face are unique psychological challenges. Although there is upportive staff in college, one of the most important roles of a family is support. Their family may see their entry to college as an insult or misunderstood their reason for wanting to have a major. In families, role are assign to each member such as working, cleaning or taking care of others....   [tags: University, Education, Student, Academia]

Powerful Essays
721 words (2.1 pages)

Becoming A First Generation College Student Essay

- Despite living in a one bedroom apartment with my mother for my entire life, I have learned that I cannot let my background and environment alone shape who I am or how I view myself. Becoming a first generation college student can conjure its own negative connotations, but these do not apply to me. Instead of being bashful, ironically, these circumstances have given me greater anticipation to be strong and strive for excellence. At the age of about 13 I was the victim of depression and ever since then some of the effects still stay with me now....   [tags: College, High school, Liberal arts college]

Powerful Essays
910 words (2.6 pages)

Latino Students in American Colleges Essay

- The current trend in lack of Latina/o students attending college combines a lack of college readiness with a deficiency in resources to prepare this student population. More and more higher education scholars are accepting these deficiencies as roadblocks to college access, and are looking to preparation programs and parent educational resources as a subject worthy of consideration. There are many different challenges being faced by this population, a population that is according to Oliva and Nora, “the fastest growing minority population in the country”(Oliva & Nora, 2004)....   [tags: Latino College Students]

Powerful Essays
3115 words (8.9 pages)

Essay about Procrastination and College Students

- College students have to balance work, family, and college activists and any delaying behavior from within can cause an unbalance. This behavior is called procrastinating and it can lead to problems in many areas of a student’s life. College students are the worst hit by this type of behavior because they have many different activities to focus on instead of studying. These activities can cause students to study when they have time which often is usually too short amount of time. There is a time and place to relax and enjoy life, but if students focus on playing around instead of getting their assignments done, college life will be stressful....   [tags: education, college students]

Powerful Essays
930 words (2.7 pages)