The Negative Effects Of Student Loan Debt

513 Words2 Pages
bulb-icon

Recommended: How student loans affect people essay

Spend Some, Make More Recently, the idea of going to college has been frowned upon. Prices of going to college are increasing, making it harder for students to go to college. Student loan debt can haunt people for years and some people pay that debt for over ten years. People say it costs to much and you might as well not have all that debt. Although in the end it pays off to go to college. People in college have a better chance to enter the workforce and make more money than people with just a high school diploma. In the first place, people who have at least a college degree have a higher salary than a similar person with a high school diploma. As stated in the first document, “...median weekly earnings for a person with a bachelor’s degree

Show More
Related

  • College Education Dbq

    458 Words  | 1 Pages

    To begin, college is not worth its cost due to the economic burdens it places on college graduates. Students put themselves in debt with students loans necessary to pay for their education while also watching their wages decline over recent years(Doc C). This creates a lifelong cycle of

    Read More

  • Argumentative Essay: Is College Worth The Cost?

    569 Words  | 2 Pages

    College is thought of as what every parent wants for their child, so they can go off andmake something of themselves. For the most part, this is true. Those who attend college arebetter off than those who do not, on average, earning far more than their undereducatedcounterparts. College is a worthwhile investment and should be pursued by all who have thechance because it helps students further their knowledge, it is a place to find who you are, and itgives them a different perspective of the world.College is worth the cost because if college was available for everybody and collegedegrees were handed out as commonly and at the same rate as high school diplomas then collegewould not be that special. Therefore, college would just be an extension of high school. Ifanyone could get their hands on a degree, how would you be able to get the job you want? It isbetter for college to cost money because if a student really wants to attend college and furthertheir education, they should have already been willing to pay or to find a way to pay for collegeto get the upper hand on the general

    Read More

  • What Are The Pros And Cons Of Student Loan Debt?

    1271 Words  | 3 Pages

    "Debate on Student Loan Debt Doesn 't Go Far Enough." Applebaum, Robert. Hill (2012). Print.

    Read More

  • Analysis: The New Liberal Arts

    1129 Words  | 3 Pages

    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.

    Read More

  • College Is Not Always The Answer By Lawrence Mishel

    959 Words  | 2 Pages

    College is an experience of a lifetime . It's very expensive so for most they do not get the opportunity .They do not get the opportunity to get a higher education . Without a higher education most people can not receive a good well paying job . Now most of the United States attends or have graduated college . Which makes it hard for everyone to have a well paying job .

    Read More

  • Why College Should be Free

    823 Words  | 2 Pages

    Over the past years of getting a college degree was the pathway to get a settle career. College has been a reason for people to carry on after high school. Now that tuition has been raised, getting a degree seems to drain students with more loans and could be in debt. College has been raised to the point where people rather start working at a minimum wage than continuing with school. Working on a part time job would be an easier choice rather than pursuing towards their degree. As people attend college, fees build up and students loaning money and possibly be in debt. Not only that, some may say college isn’t worth it, but it is. Getting a degree pays off at the end going towards your career path, making twice as much as you would work at a regular job. Students who have received a degree are slowly declining. To make adjustment, College should be free for

    Read More

  • Education and the Outside World

    765 Words  | 2 Pages

    Once a person graduates from high school they are left with a difficult decision, wither to go to college or not. Some families this is not an option, their kid will go no matter what, but many students do not want to go to school and have so much student debt by the time they finish that they will have to pay off that they decide that college is not worth it. According to Craig Smith in his article in Education Digest he says, “too many families cannot afford to send their children to college so the student is left with making the decision on wither to go to college and collect debt or just skip college altogether” (Smith 42). He has a good point. Too many students feel like they have to pay so much yet they are not really getting much out of it. Smith later on in his article states, “We must stop balancing our state and institutional budgets on the backs of students and families” (Smith 46). School should not be all about money, it should be about helping the students get the education that they need so they can make it out in the big world. If a student is so worried about how they are going to pay their school bill they are not going to be focusing on their class work and it ...

    Read More

  • Unraveling the Crisis of Student Loan Debt

    1728 Words  | 4 Pages

    Student loan debt makes up a large portion of the debt in this country today. Many defaulted loans are the demise of high interest rates, poor resources to students in educating them on other avenues and corruption in the governmental departments that oversee education and financing. There are many contributing factors that lead to the inability to pay off student loans which need government reform to protect the borrower’s best interests.

    Read More

  • Student Loan Debt

    1739 Words  | 4 Pages

    It is a norm and expectation in society today for students to pursue higher education after graduating from high school. College tuition is on the rise, and a lot of students have difficulty paying for their tuitions. To pay for their tuitions, most students have to take out loans and at the end of four years, those students end up in debt. Student loan debts are at an all time high with so many people graduating from college, and having difficulties finding jobs in their career fields, so they have difficulties paying off their student loans and, they also don’t have a full understanding of the term of the loans and their options if they are unable to repay.

    Read More

  • Effects Of Student Debt Essay

    1128 Words  | 3 Pages

    When it comes to achieving success in the working industry and accomplishing a successful career an education is important. Getting a degree is essential to be successful. The issue is the higher the education the person wants the higher the cost is. Nowadays, not everyone can afford paying out of pocket for an education, which mean that students are forced to take out large amount of student loans to achieve that degree. Student debt is an ongoing problem, students are gaining oversized debts that most of the time if not ALL are defaulting and jeopardizing future credits. How much debt it too much debt? Everyone should have the liberty to

    Read More

  • The Rising Costs: Challenges of College Tuition

    1513 Words  | 4 Pages

    Going to college and furthering someone’s future career is a very important part of life.. Making the choice of going to college or not going to college could affect someone for the rest of their life, If a student decides to go to college after high school they will be in debt for many years after they graduate college. “Over the past decade, tuition and fees have risen much faster than inflation and outpaced the cost of housing and health care” (Blumenstyk). Blumenstyk is showing how outrageous the cost of college tuition has become. Whether it is for a University or a Community college either one. Most people spend their whole lives being in debt just because of buying a house and now they will have the burden of paying off their college tuition as well. They may keep getting a bill in the mail that most of them will hate looking at, and also putting down that much money each month for their payment. While college does create the opportunity of increased pay and better jobs, it should not mean students are required to pay all the money they earn back the college. At that point people may as well not go to a

    Read More

  • College: Why Am I Going To College

    961 Words  | 2 Pages

    For those people who have no purpose, college is just a place they waste their money, but for students who have purpose; like to be a doctor, teacher, engineer, and etc. Those students need to attend school to cultivate specific skill for the future. If they can make benefit from learning to their future, it is worth it going to school and being educated. According to McArdle, student loans is an “investment in yourself.” If students investigate for and success in their life, that is great achievement. If a student become a doctor, he or she must have more than enough money to pay back the debt. Also, college is the place to learn or prepare for job. When I asked my friend why he is studying at college, he answered because he wants to be a dentist. He told me that in order to be a dentist, he needs to finish college and university, and after that he has to go to dental school. In this case, he is learning because he needs specific area of skill for his job, so he gets education to get job. In my opinion, college is the place where students progress for what they want to be and at the same time they have to learn whatever they need for themselves to get a job, so they have enough time to prepare for their

    Read More

  • Why Going To College Is Bad

    468 Words  | 1 Pages

    Going to college is a bad decision. in a 2009 survey more than half the students stated that stress interferes with their school work. The average graduate in 2014 had a debt of $28,950. Starting from 1999, student debt has been increasing and is over 500% from then. Even though the average salaries for young people have not. In fact, since 2000, the average salary for young people has decreased to 10% over the years. College is a bad decision because it increases stress, increases debt, and a number of students are unemployed or underemployed.

    Read More

  • The Importance of College Education

    1357 Words  | 3 Pages

    College. It is the seven-letter word that almost every child will hear thousands of times while they are growing up. They constantly are bombarded by the idea that they must go to college if they want to be successful. However, what if this is a false statement. What if college isn’t as great as everyone makes it out to seem. Well, these days some people believe that young people are better off, not going to college. Over the years the economy around the world has changed. It has prospered, and it has fallen. As the economy went downhill the government began cutting funds in areas that they felt were necessary to exterminate. One of the largest areas of funding that was cut was education. Colleges began receiving less money from the government, resulting in a rapid increase of college tuition fees. Due to this, a lot of people believe that college tuition is too expensive for what you get, and not worth the money. However, most people believe that college is necessary in order to further their education, and in order for them to earn their degree. They think that this degree has the ability to help college graduates get a job and work up to a career that only someone with a college level degree is able to achieve. The truth lies in the facts, and statistics. College is the seven-letter word that all people should be thinking about. A college education is a valuable investment that everyone should strive to achieve, and is completely worth the expensive cost.

    Read More

  • My Generation Essay

    1061 Words  | 3 Pages

    Individuals in my generation that decide to go away for college may graduate with a degree, but they also graduate with debt and have a hard time finding work in their area of study. College graduates are young, and many may not have much experience in their field. It is a bittersweet option to go to college and further your education, I am all for it, but I am not for getting yourself in tons of debt, that will cause you to live your whole life paying off student loans and such. Which is one of the reasons why I chose to stay at home and go to community college, I’m saving money while still getting a great education. In earlier generations, people may not have felt that college was important because they needed a job to support themselves and their families.

    Read More

More about The Negative Effects Of Student Loan Debt

Open Document