The Pros And Cons Of College Debt

1052 Words5 Pages
For many years, college has been described to be the most important and most impactful decision of one’s life. For some, college is a helping tool in their career path that would set them up for success. For others, college is a dreadful nightmare that they do not wish to remember again. One of the biggest reasons that students stress and don’t finish their education is because of college debt. It has been said that “as prices soar, a college degree statistically remains a good lifetime investment, but it often comes with an unprecedented financial burden.”(Martin and Lehren 4). With this in mind, there are many solutions to avoid and/or reduce college debt such as getting scholarships and working a job, however, the best solution is to…show more content…
For example, Kelsey Griffith, a student at Ohio Northern University graduated on Sunday and the first thing she started to do was to pay her “$120,000 in student debt [by] working two restaurant jobs and ..giving up her apartment to live with her parents.”(Martin and Lehren 4). Such shows that there are sacrifices one has to make due to being in debt. Moreover, college debt is so horrific that a number of students end up “becoming mired in a financial morass” because they struggle to pay them off. (Martin and Lehren 6). As a result, not many students finish their college experience and end up dropping out for jobs that do not require a degree, however, there are solutions to prevent that. One solution to avoid college debt is scholarships. Students can fund their education through getting as many scholarships as they can. It has been said that there are scholarships for almost everything; one would be surprised by how many they can find. Furthermore, working a job and saving up is another way to avert college debt. Just by working 20 hours a week and saving $6 per hour can save a person around $24,000. Lastly, attending an affordable institution is also a way to hinder college debt from stacking up. Besides, tuition and fees for community colleges are way cheaper than
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