In recent years, most of young people hope to go to college as a result of college education provides students with easy access to knowledge; knowledge encourages them to contribute to the advancement. The United States is now facing a huge problem as a large number of college-graduated students hold loans that they are unable to pay back. Whether students should be paying the loans themselves or the government should forgive all student loans has always been a controversial issue in today’s society. Even though some people argue that students must be responsible to pay the education loans, I believe that the local government should be obligated to forgive student loans and support higher education for its citizens. Forgiving the loans will …show more content…
In other words, they could go to college for better education. The cost of higher education is substantially growing in the recent years, which include both state universities and private universities. Due to a rapid increase in tuition fees, some young students drop out of college because they are not able to find a job to pay off their loans after graduation. However, it is difficult to accept those high tuition fees for low-income families. Most of low-income families have more than two children, which cause a financial burden for the families. In the article “Higher Education’s Coming Crisis” Robert Zaller states that “President Obama has fired a shot across the bows of higher education in warning that if college costs continue to go up, government subvention will go down.” which means if college do not cut tuition fees, more students cannot go to college. Even if some students who graduate from high school would prefer to make money early rather than achieve a college degree. The loan to students could effectively be solved the tuition fee issue, which could contribute to completing their college education first and then paying the cost after
In the argument, Debate on Student Loan Debt Doesn’t Go Far Enough, author Robert Applebaum, graduate of Fodham University School of Law, asserts that excessive student loan debt should be forgiven after a reasonable repayment period and suggests this would stimulate the economy because former students would have more money to spend(Debate). He backs up this claim by introducing the Student Loan Forgiveness Act of 2012, contending that education should be a right that people of all classes can benefit from, and addressing both the individual and the economic drawbacks of student debt in the middle and working classes(Debate). Applebaum
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. The 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. College is a popular topic for most and Sanford J. Ungar and Charles Murray has a unique way of explaining both their opinions.
"Parents with incomes below $40,000 were much more likely to say they couldn 't afford college compared to those with higher incomes. The unsettling aspect of this poll is that in all likelihood, these parents ' perceptions mirror reality," says Tamara Draut, author of "Strapped”. She talks about how most middle class families can 't afford to put their children into college. The highest education they can get is a high school diploma, which we all know in this modern world it cant get you a lucrative job to maintain your whole life. Most American don 't get the chance to develop their full capabilities through higher schooling due to lack of resources like funds to enable them see their full potential. People will say that education is meant for people who can afford to go. And already the government has made schooling from pre-k to high school free for all public school, so making community colleges free will cost the state about 60 billion dollars as said by the white house spokesman Eric Schultz . Education must not be limited to only privilege people,it should be universal for anybody willing to educate themselves to make their life better and help grow Americas economy reducing
Tuition and fees has extremely risen over the past years which makes it extremely difficult for both social economic groups to invest in a higher education for their families. Today’s college students borrow and accumulate more debt than previous years (The White House). For instance, “In 2010, graduates that borrowed money graduated with owing an average of more than $26,000”(The White House). As a result, President Obama has expanded federal support to help more families and students to afford higher education (The White House). Also, he believes that it is a shared responsibility of the federal government, states, colleges, and universities for making higher education
Should student debt be forgiven? This question has been asked more and more throughout the years. There have been plans created to forgive student debt, and it has even been written about in popular magazines. For instance, a proposal has been made by Appleman to why student debts should be forgiven. In the short essay, “Is Forgiving Student Loan Debt a Good Idea?” by Kayla Webley, she illustrates that student debt is a problem, despite the political and economic flaws in Applebaum’s proposal.
Children of the twenty first century spend nearly 13 years in school, preparing for what is college, one of the only ways to achieve the so-called “American Dream”. College is the best way to start an advanced career and go further than one possibly could if college degrees were not available, allowing people to achieve their view of the American Dream; whether it be large houses, shiny cars, multiple kids, or financial comfort, college is the stepping stone to achieve the American Dream. But all great things come with a price, college dragging along debt. Students who attend college struggle to find ways to pay for it, leading to applying for student loans. These loans a great short term, paying for the schooling at the moment but eventually the money adds up
dropout, due to lack of effort, B. finish with an associate’s degree and limit their choices in a job compared, or C. continue after a community college and further their degree at a university. Yet, the third reason is the reason that makes the proposal questionable as to whether it is really a need or if it’s a want by the people that want money handed to them to help their future. If people can afford two more years of college after a community college, or they have scholarships to help them pay for the following two years, then why can they not afford a community college that can be less than a thousand dollars to attend to? The proposal seems to be something that is not totally needed to be one more thing that raises taxes, as there are scholarships for various cases and made to be affordable to further an education after high
There are so many students who would extremely grateful to attend any four year institution but can’t because of the lack of funds. College life can be very stressful, and the process can is very frustrating to most students the first two years. When the cost of college tuition is compared to the 21 century financial economy the cost does not make sense, because for a middle-class family it is impossible to afford sending their child to any four-year institution. It hard for students to graduate with the stress to pay-off hundreds and thousands of dollars in loans. Going to college is stressful enough without the need to worry about how we’re going to pay for it and what other costs will continue to rise with getting a degree afterwards. With the current increase of unemployment rate and the thought of going to college seems like a farfetched goal. Many people choice not to attend a four year institution, because they did receive a scholarship or enough government funding. Having a college background is very important for professional growth, it will eventually limit career opportunities. My stand point is, you may not leave college doing the same thing you began with but the life experience is endless. College experience not only gives knowledge that builds you into a better person by giving a broader erosion. With the cost of tuition increasing will hurt our generation, by causing physical and mental stress but in the end it will all pay off. Not all colleges are for the blame; some of the blame is our economy and other factors play a big roll. As students we need to be aware of all our resources offered, such as Pell Grants, and government scholarships. For example, the some states will pay for a student’s college if they graduate high school with a GPA of 3.5 or higher. There are many states that are willing to pay for all or some of college tuition only if students are willing to use
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.
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
Did you know that, “ the current balance of federal student loans nationwide is $902 billion, with an additional $140 billion or so in private student loans.”( Martin and Lehrens 5) In today’s society, college tuition and student loans has been the hot topic recently in our political, social and economical viewpoints. Without a doubt, scholarships, hard work with money management, and community colleges can solve the cost of college and the issue of student loans creating debt.
I have heard many people suggest total student loan forgiveness. Of course, this sounds like a very easy way out especially because supporters of such a move have a clear illustration on how loan forgiveness will not impact the economy. I on the other hand beg to differ. I think that cancelling all student debt without any sort of payout to the creditors will result in economic catastrophe. Perhaps, it will even trigger another recession.
Although education can be expensive, an affordable education makes better citizens. In fact, most people believe that going to college improves the chance of finding a great job, but the effect on society is often not considered. Seeking a higher education, often seems too expensive and the paperwork too complex, therefore many people do not consider attending. In the article “Here’s your Crisis: Student Loan Debt Isn’t a Myth”, Chris Lewis and Layla Zaidane commented “it 's an affordability crisis”(). As our nation ages, education must become more affordable for all because with educated citizens our country becomes financially sound, our citizens become more knowledgeable and their communication skills are better developed.
The first and probably the biggest barrier that fogs a student’s pathway to post-secondary education is the financial standpoint of it. Attending a college will require financial aid, funding, and/or working while attending classes. Different states attain different approaches to help students receive financial aid from that college. Many students may feel as if they aren’t able to attain college because they aren’t able to budget the money for tuition or do not think they are eligible for financial aid. “Clearly, along with the high stress levels that comes with the realization that in tough times, affording college is no given and there are things that trump fancy windshield stickers from brand-name colleges” (Applebome 7). Another problem with education is that if a student is not personally paying for their tuition they tend to not take their classes as seriously and that could cause their parents to budget more money than they already have had or make their kids liable to pay the tuition in the future in they do not pass their classes. However, a study shows that that students in receipt of financial support report that it has enabled them to stay on course and that they consider withdrawing less than their peers (HEFCE and OFFA by ARC Network).
Fees and loans are too big of a load for young people to carry. A lot of students drop out do to the pressure of having to worry about all the loans they have to pay back after they are done with college. This should not be an issue to the student. According Iatham Emmmons, “Even worse, a large portion of students never receive funding at all due to the multitude of stipulations that must be adhered to in order to qualify for assistance. A major flaw in the current federal educational assistance programs is that the students’ parents’ income is used to calculate financial need” (Emmons 3). Even citizens who try to get help by applying for funding never end up getting it because they do not meet the needs required for the funding. Education should be p...