Since an early age, parents, teachers, and society in general have penetrated the idea into students’ head that we must go to college. Maybe you remember when you were 5 years old in the kinder garden drawing in the classroom, when the lovely teacher asked the “what you want to be when you grow up” question. Since that day students are bombarded with the concept that they have to go to college in order to be successful in life. If students don’t go to a four-year college and have good grades, their life will be a complete disaster. But what happens when you have a 4.0 GPA, have been in the honor roll for 4 straight years, and perhaps been the valedictorian of your high school, but can’t afford college? What if you don’t want to go to college but to a trade school or get a simple certificate instead? That is when we start to deeply think what role college is playing in our society. Should college be an option? What’s the real purpose of going to college anyways? The real question is if by going to a university it would be really preparing students for real world. One of the main reasons why people go to college is to improve themselves as people as well to improve in the socioeconomic status. For instance, people who came to the United States as immigrants to have a better life most like would want their kids to go to college, so they can be more educated and have a better life style. Now, the majority of Americans that have plans to go to college face a problem that discourage and frustrates them. This problem is the cost of education. It’s really exiting when you received your acceptance letter from the University that you applied, but is more depressing when you don’t have money to pay for it. We all know or if not we have an ... ... middle of paper ... ... Technology course… and workshops that give crucial hands-on education training for students, building on their invaluable workplace trades experience” We should not get rid of classes that are teaching skills to students. In that way these individuals that go to college would not be lacking skill and knowledge but would have both. Works Cited MATTHEW KELLY and HELEN, GREGORY. "Student debt up and taking years to clear." Newcastle Herald, The (includes the Central Coast Herald) 18 Jan. 2014: 8. Newspaper Source Plus. Web. 25 Apr. 2014. Parker, Kathleen. "The Diminishing Returns of a College Education." Washington Post. The Washington Post, 31 Jan. 2014. Web. 24 Apr. 2014 MATTHEW KELLY and HELEN, GREGORY. "Student debt up and taking years to clear." Newcastle Herald, The (includes the Central Coast Herald) 18 Jan. 2014: 8. Newspaper Source Plus. Web. 25 Apr. 2014.
Recent studies show that the number of individuals who default on their student loans has been steadily increasing as well. Statistics from the Institute for Higher Education Policy (IHEP) show that between 2004 and 2009 only 37% of federal student loan borrowers were able to make uninterrupted payments; it is an annual average of 7.4% (Cunningham, and Kienzl). According to IHEP, for every one borrower who defaulted, two ...
Wilson, R. (2009). A lifetime of student debt? Not likely. In G. Graff, C. Birkenstein, & R. Durst (Eds.). “They say, I say”: The moves that matter in academic writing with readings. (2nd ed.). (pp. 256-272). New York: W. W. Norton. This article examines how much debt in loans students leave college with and if it is possible to pay it off without it causing extreme distress.
"Why Going To College Is A Valuable Investment (In 1 Chart)." Huffington Post. (2013 ): n. page. Web. 12 Dec. 2013. .
To understand the student debt crisis, one must first understand what caused it and what results from it. College undergraduates use student loans to finance the cost of tuition, room, board, transportation, and personal expenses while attending (Gage and Lorin). Student loans are different from other forms of debt because basic consumer rights like bankruptcy protection don’t apply to students who default on their loans. As a result, students are virtually locked into their debt, offering them little to no ability to refinance it. Solutions to debt problems like consolidation are available to students but that process doesn’t involve shopping for a better deal from competing lenders like it does in other debt areas. Therefore, interest rates often remain high and the loans remain with the original lender (Vanegeren). As Kayla Webley expl...
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.
Ross, Andrew. “Mortgaging the Future: Student Debt in the Age of Austerity.” New Labor Forum (Sage Publications Inc.) 22.1 (2013): 23-28. Academic Search Complete. Web. 13 Mar. 2015
McArdle, Megan. "Is College A Lousy Investment?". The Daily Beast, 2012. Web. 16 November 2013.
There are so many students who would extremely grateful to attend any four year institution but can’t because of the lack of funds. College life can be very stressful, and the process can is very frustrating to most students the first two years. When the cost of college tuition is compared to the 21 century financial economy the cost does not make sense, because for a middle-class family it is impossible to afford sending their child to any four-year institution. It hard for students to graduate with the stress to pay-off hundreds and thousands of dollars in loans. Going to college is stressful enough without the need to worry about how we’re going to pay for it and what other costs will continue to rise with getting a degree afterwards. With the current increase of unemployment rate and the thought of going to college seems like a farfetched goal. Many people choice not to attend a four year institution, because they did receive a scholarship or enough government funding. Having a college background is very important for professional growth, it will eventually limit career opportunities. My stand point is, you may not leave college doing the same thing you began with but the life experience is endless. College experience not only gives knowledge that builds you into a better person by giving a broader erosion. With the cost of tuition increasing will hurt our generation, by causing physical and mental stress but in the end it will all pay off. Not all colleges are for the blame; some of the blame is our economy and other factors play a big roll. As students we need to be aware of all our resources offered, such as Pell Grants, and government scholarships. For example, the some states will pay for a student’s college if they graduate high school with a GPA of 3.5 or higher. There are many states that are willing to pay for all or some of college tuition only if students are willing to use
“New Data Confirm Troubling Student Loan Default Problems.” Project on Student Debt: Home. N.p., n.d. Web. 29 Oct. 2013. .
It seems that the ultimate function of a high school student is to get their diploma and then go straight into the workforce. The mindset behind this has people questioning “Is a College worth it?”In today’s society a college education is vital to live a sustainable life in America. Many people would subject to that statement, but yet they’re stuck at a low paying job living from paycheck to paycheck struggling to support their family. Although most people have argued that a college education is meaningless but with closer examination shows that a college education is the key to opening the door to success.
Sawhill, Isabel V., and Stephanie Owen. "Why We Still Think College Isn't for Everyone." http://www.brookings.edu/blogs/up-front/posts/2013/05/13-college-for-everyone-criticism-response-owen-sawhill. Web blog post. Brookings. The Brooking Institution, 13 May 2013. Web. 02 Dec. 2013.
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.
Citizens Bank has found out that 77 percent of the students regret they haven’t managed their student loans well.
All my life I knew I would be attending college. There never seemed to be any other option available as far as I knew. I never really stopped to think about whether or not it was necessary for me, or why it was so important; I was just funneled into the college curriculum in high school. I have attended the University of Arkansas for three years now, and have heard two main arguments over the purpose of a college education. One is that college is a place to train for a job, and the other is that college should be an institute of higher learning with no real focus on a future job. Challenged to form an opinion on this matter, I finally decided that neither side is absolutely right. In fact, I decided that the “purpose” of college should not even be an issue. College is what the student makes it. However they view college, all of the students will come out with some very similar experiences and benefits.
Many students apply for a credit card as a way to have extra spending money, without realizing that the money has to be repaid. Students should have an income in order to repay their credit card purchases. Unfortunately, many students do not pay off their cards, and therefore incur large amounts of debt. Student credit cards are more likely to have higher interest rates than others’ cards due to the lower credit scores students usually have. The combination of the initial debt and high interest rates coupled with late fees and the deterioration of one’s credit score can initiate a seemingly perpetual cycle of debt early in a young adult’s life.