College Education: Expense, Debt and Job Struggles

In today 's society, many young adults pay thousands of dollars to go to college to be able to get a good job in the future. However, as society continues to move forward many young adults are leaving their campuses with expensive degrees, while also still struggling to get a job. One of the things contributing to the growing risk of going to college is how increasingly expensive it is to go to school. Things like student loan debt are a major contributor to that expense. Casey Bond stated how “The growth of student loan debt is being compared to the recent housing crisis because of the significant growth of subsidized lending,” The primary goal of college used to about gaining new knowledge and becoming a better member of society. However,

College is not so much a promise of success as it is a chance at success. Young adults should not feel like college is the best and only option for them. Robert Reich emphasizes this idea in his writing, stating “Last year, according to the Federal Reserve Bank of New York, 46 percent of recent college graduates were in jobs that don’t even require a college degree.” For a lot of people, college can be a really bad investment, and although more and more jobs do require a degree there are many jobs that don’t. Even after getting a degree many people find that they are working in a job that has nothing to do with their field of study. Also, Collge is not something that is for everyone, but working is Len Penzo stated “There are plenty of relatively well-paying jobs available that don’t require a college degree. According to US Labor Department projections, 63% of all new jobs that will be created between now and 2020 won’t require a college degree.” For the last few decades, college degrees have served as a guarantee for easy access to a middle-class life. But the middle class is on the decline. Although the necessity of having a college degree continues to rise in our society, there are also many new and innovative ways for people to find a way to make a living without a college degree. Those who have been putting their trust in the old system are finding themselves with nowhere to climb. Finally, college just simply is not something everyone can handle Penzo also stated that “Not everybody is college material. If they were, 54% of all Americans who enroll in college wouldn’t eventually become dropouts. Look, college is hard enough for those who are motivated; for people attending who don’t really want to be there, it’s almost impossible.” The idea that every young person needs to go college is wrong. College can be a pathway to success, but it can also be a waste of time and