Essay College Debt: Necessary Evil Or Ponzi Scheme?

In the essays “College Debt: Necessary Evil or Ponzi Scheme?” by Dale Archer and “Forgive Student Loans?” by Richard Vedder, the authors show their varying viewpoints towards college debt. Archer’s essay focuses primarily on the correlation between higher education and college tuition, especially describing the upper education and its downsides for average graduates and average students. He also provides a simple alternative for financially burdened students to obtain certificates from trade schools as a better choice in today’s education that involves going into the workforce (Archer 402-04). Vedder’s essay, on the other hand, lists the numerous altercations about the student-loan industry. He rationalized his essay in a succinct manner that tells his general audience that forgiving student loans will bring financial burdens on the federal government (Vedder 405-07). Although, both writers addressed the issue

Vedder attempts to be logical by using the evidence of stimulus packages in 2008 and 2009 as a factor that will not provide aid in increasing employment by handing out more money for people to use for recovery in the macro economy (Vedder 406). This shows that people won’t implement the money for the original purpose, and will spend it carelessly. Vedder was able to state facts that were unarguable, and remain with a rational point of view. In contrast, Archer appears somewhat logical in his argument. The way he structured his argument was to his advantage by balancing emotional and logical to his readers. Such as using his very own experience when he attended Tulane University in the 70’s where there were varying differences in tuition (Archer 403). The readers could easily deduct the the demand and supply situation because of his experience. Arguably, Vedder was far more objective than Archer and appears more open-minded in his