Persuasive Essay On American Dream

Would you do whatever it takes to make your dream come true? I know I would. Many chase what we call the “American Dream”. This dream is the one you have heard since we were all young. If you work hard and focus and go to school, you will succeed and be well set. They say to let nothing stop you, and seize the opportunity we are all given. While the opportunity in this case is college, we are all given the chance to attend and go to college. With the high costs of college however, not everyone can afford to go. Most students fall into this category. When students cannot afford college on their own, they must to student loans. According to the Institute for College Access and Success, “Seven in 10 seniors (69%) who graduated from public and

Many students once they graduate are putting the money they are earning with their higher paying jobs right back into paying for the loans they took out. They are delaying having families, purchasing houses, and create a life for themselves due to the large sum of money they owe from going to college. In a survey in 2015 that polled 1,100 adults, “Over one-third of Millennials (35%) report wishing they had delayed college until they had saved more money so they could reduce the amount of loans they took out” (L Vein Journal of Accountancy). This statistic shows a large percent of adults wished they had financed their college differently and not ended up with so much loan debt. Having debt can make life very stressful. Missing a payment on your student loan means a hit to your credit score and additional fees on top of your loan payment. Just as students have graduated and are transitioning into adulthood, they are burdened with student debt and payments are not unable to fully move on with their lives until this is paid off. . “ASA reported that the most recent data available shows that only 37% of federal student loan borrowers between 2004 and 2009 made timely payments without asking for deferment of the loan or defaulting on it, while more than $8 billion of debt held by 850,000 student borrowers was in default (ibid.).”

That solution is free college education. This is an obvious solution because it would eliminate the need for student loans entirely. While this may seem like an impossible feat, it is certainly doable. The proposed solution I will look at is Presidential candidate and current Senator Bernie Sanders’ College for All Act. He states that college tuition costs about $70 billion a year total. The plan would be for the government to provide $47 billion or 67% of the total, and the states to cover the $23 billion and 23% left over. States would have to meet requirements relating to ensuring quality and protecting students. Sanders states that states, “would be able to use funding to increase academic opportunities for students, hire new faculty, and provide professional development opportunities for professors” (sanders.senate.gov). The largest criticism and skepticism would be where would the money come from? The money for the tuition would come from “imposing a Wall Street Speculation fee on investment houses and hedge funds”(sanders.senate.gov). It is estimated that hundreds of billions of dollars could be generated from the Wall Street taxing, which would easily cover the tuition and be able to make all public universities free. “If the taxpayers of this country could bailout Wall Street in 2008, we can make public colleges and universities tuition