The problem here is that wasting money to go to a college that will not guarantee you a career does not seem like the best idea. In fact, recent graduates are working with people that have never even attended college, which shows just how many jobs today require little or no school education. As far as debt goes, Rachel Dwyer states it all. Rachel Dwyer’s “Debt and Graduation from American Universities” describes how college students are facing high levels of debt as they attempt to acquire their money and ameliorate their career options. This shows how college students become overwhelmed with the thought of having to pay back all of the money accumulated over the year, so instead, the student’s new plan involves dropping out.
However, what they have to pay back is often more than the degree is worth in terms of income. The cost of college has increased by three hundred and seventy five percent, but house hold income has raised only one hundred and twenty seven percent. The government continues to tell student to pursue education and society believes that education is the best way to go. However, the value of a college education, based on earning potential, after graduation, is falling. Based on research, some students are intimidated by the amount of money they will eventually have to pay back.
Department of Education, less people are enrolling in college. People are feeling more secure after the 2008 recession, and assume they might not need a college education to support themselves. But people were struggling when the 2008 recession hit, especially those without college degrees that helped them get jobs, and it is always a possibility that this recession may hit again. As stated above, this rising cost of tuition may also cause prospective students and their parents to decide against a college due to its high tuition price-tag. For those students who do decide to attend college, they are forced to take out loans provided by either the government or their university, which has a large interest rates.
Young adults trying to start their lives by going to college encounter many setbacks. Today the average cost for a private university is $25... ... middle of paper ... ...ave changed and college is extremely expensive now. There are not enough jobs openings for college graduates which leaves them unemployed with heavy debt. The vast majority of jobs in America require only vocational training or a skill certificate. People who do not have the aptitude for college should not be forced into thinking college is the only way to be successful in life.
Most students will acquire a huge debt in college forcing them to find a job or multiple jobs to support themselves. In the study, “The Myth of the Student Loan Crisis” it disagrees that student loans are a problem, but the numbers of students who have earned a degree and do not use it in their field of work is astronomically growing. Student loans are causing people to have to settle for low-paying jobs, because they are having to pay month to month. Per a study by Jesse Rothstein most people with college loans will have a low-paying public job like waiting tables or becoming a secretary. People go to college and major in a subject because they want to love and be successful in their job.
Each year the expense of college rises, resulting in the need for students to take out loans. Many students expect to immediately get a job after graduation, however, in more recent years the chances for college graduates to get a well paying job isn’t nearly as high as it used to be. Because students can no longer depend on getting a job fresh out of college, it has become harder to repay the loans. Without a steady income, these individuals have gone into debt and frequently default loans. If nothing is done to stop colleges and universities from increasing the cost of attending their school, the amount of time it takes for students to pay off their loans will become longer and longer.
A study done in 2014 shows that 21 million people currently attend college in The United States. This number has increased by 5.7 million since 2000 (U.S. Department of Education). This increase in interest for education has been extremely important to the structure of society, however the cost of college tuition is leaving many citizens not thrilled about the college experience. In 2012 and 2013, the average price for one year of undergraduate tuition, room, and board was $15,022 for public schools, $23,153 for private for-profit schools, and $39,173 for private nonprofit schools (U.S. Department of Education). High college tuition is altering the ability for students to get the quality education they deserve, and leaving them in considerable
This shows that even though some people have a college education, they could not find jobs in their field and had to take jobs that they less likely wanted. Haltom also says, “as many as 120,000 of the nations 1.7 million 2012 graduates who wanted to work elsewhere took jobs as waiters, salespeople, cashiers, and the like” (Haltom). More and more people with a college education can not find jobs in their field. The idea of going to college has many cons but it also has many pros. It is very important to get a college education.
High school graduates will opt to pursue employment opportunities instead of obtaining a higher education. Consequently, the United States becomes less technologically competitive when higher education is minimized. Therefore, the rise in college tuition is hurting the country just as much as the individual. Moreover, students who fail to acquire a college degree may find themselves with less promising futures because of the growing demand to hire college graduates. For example, the most enthusiastic applicant, who may otherwise meet all the other employment qualifications,
The average student also graduates with ove... ... middle of paper ... ...uates felt that college didn’t prepare them good enough for employment, especially in their technical reasoning abilities. Also a 2011 survey found that 57% of Americans felt higher education was not worth the money spent. Not every high school student figures out what they want to do by the age of 18, many go to college and are given to opportunity to figure it out there by using the vast amount of resources given to them, including job fairs and internships. In fact, over 80% of students complete an internship before they graduate, giving them experience. These internships are usually only give experience for high-skilled jobs, jobs that are similar to most jobs that college students go to school for.