College Tuition and Student Loan Debts

810 Words2 Pages

Imagine finally graduating college, you are happy and ready to make a difference in the world. Only to find out that before you even start you are already swamped with debt. This is the problem hundreds of thousands of students face every year. Why are they in debt, you ask? They are in debt because of the rising price of college tuition and the student loans they took out to be able to afford attending in the first place. Rising tuition and student debt are gigantic problems, and they are ruining the American dream for millions of students across the world.

Student Loan Debt is a massive problem in this country, and it is something that needs to be figured out. Nearly 40% of Graduates under the age of 25 have student debt. That number has climbed 26% since 2004. The average student loan debt in the country is $26,600. That is a lot of money, that could be used in many better ways by the young minds of the U.S. Not only that but when leaving college it is becoming harder to find a job. College graduates under 25 years old have a 9% unemployment rate. There are nearly 2 million college graduates that do not have jobs right now. So not only do they have massive amounts of Debt but they don’t have any way of making the money to pay it off. However student debt would not be as much of a problem if it weren't for the cost of tuition going through the roof.

College tuition prices have been getting outrageous lately. Many student are reconsidering what they want to do because of it. Average tuition of a private college is usually around $30,000. A public college will cost you on average about $13,000 but that number varies a lot. Community college is much lower because they charge per class. As of right now the tuition fee is increa...

... middle of paper ...

...sing tuition and student debts are just one of the many problems this country has that are Destroying the American Dream for many. Something needs to be done about it and something will be done. There are millions of bright young minds out there waiting to make a difference. We just need to find the right one and we can fix this Problem as well as all the other this country has.

Works Cited

"Edfinancial Services." Understanding Your Student Loan Bill -. N.p., n.d. Web. 31 May 2013.
"Student Debt Weighs on Overall Economy." USA Today. Gannett, 19 May 2013. Web. 31 May 2013.
"Student Loans - Banking, Insurance & 529 Plans - Sallie Mae." Student Loans - Banking, Insurance & 529 Plans - Sallie Mae. N.p., n.d. Web. 31 May 2013.
Works, Equal Justice. "Student Loan Debt Affects Generations of Americans." US News. U.S.News & World Report, 03 Oct. 2012. Web. 31 May 2013.

Show More
Related

  • Analysis Of A Generation Hobbled By The Soaring Cost Of College

    1289 Words  | 3 Pages

    Martin and Lehren’s article “A Generation Hounded by the Soaring Cost of College” addresses the issue faced by current and former college students dealing with large amounts of debt due to student loans. The article presents the reader with stories of former college students who have either graduated or dropped out, and their struggle to pay off their student loans. The article also talks about issues such as students not being informed about high amounts of student loans and why student debts have increased. Martin and Lehren also make the issue of student debt more intimidating by giving examples of high amounts of student loans students have had. The article gives a very hard reality check to anyone reading as to how bad the problem of student debt is.

    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

  • A Lifetime Of Student Debt Not Likely Summary

    629 Words  | 2 Pages

    Many people would agree that our country’s young adults have and continue to incur a lifetime of debt by enrolling in college. It’s become an almost acceptable understanding that if you plan to attend college, you might as well expect to graduate with an enormous amount of debt. Robin Wilson, a reporter for the “Chronicle of Higher Education,” and author of “A Lifetime of Student Debt? Not Likely” suggests student loans are very real and can be life altering.

    Read More

  • Why College Tuition Should Be Reduced

    882 Words  | 2 Pages

    According to Steven Goodman, in his article Why College Tuition Should Be Regulated, “two-thirds of American undergraduates are in debt” (Why 1), which is ridiculous considering the fact that they have not graduated yet. Even though he said that in 2011, it is very aware that it will continuously go up if no one puts a stop to it. Students even take out loans because their financial aid cannot cover up for their

    Read More

  • Why College Should be Cheaper

    1910 Words  | 4 Pages

    There is no doubt that college is expensive, price tags for some universities go over a quarter of a million for just a bachelors degree! (That’s if you graduate in four too). The extravagant price for college is no doubt crazy. Trying to better yourself and your future shouldn’t cost $250,000 plus. If public universities were to be free a plethora of problems could be solved instantly. According to Forbes the National student loan debt has surpassed 1.2 trillion dollars (Denhart )! This number is growing exponentially as more students enroll in to college. Why question then whether college should be free? Well, this number is the total amount of student loan debt from all students that have exited college. Some of these students are freshly graduated while some are aged with the wisdom trying to pay their loans back. If public universities were to be free and funded by our federal government, our government would pay this amount within ten years. Relatively a short amount of time considering that the student loan debt is an accumulation debt from students that have graduated more than ten year ago, also this also greatly increase with the following years as well.

    Read More

  • Market and Government Failures in Reducing College Cost

    1326 Words  | 3 Pages

    Garrahan, & John. (2014, May 02). Forgiving student loans won't fix crisis. Daily Journal Retrieved from http://search.proquest.com/docview/1520399845?accountid=27899

    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

  • The Government Should NOT Forgive Student Loan Debt

    1745 Words  | 4 Pages

    An education is one of the most important tools a person can acquire. It gives them the skills and abilities to obtain a job, earn a wage, and then use that wage to better their lives and the lives of their loved ones. However, due to the seemingly exponential increase in the costs of obtaining a college degree, students are either being driven away entirely from earning a degree or taking out student loans which cripple their financial prospects well after graduation. Without question, the increasing national student loan debt is one of the most pressing economic issues the United States is dealing with, as students who are debt ridden are not able to consume and invest in the economy. Therefore, many politicians and students are calling on the government to forgive their student loan debts so that through their spending the slowly recovering economy can finally return to its pre-2008 strength.

    Read More

  • College: Is it Still worth it?

    1215 Words  | 3 Pages

    For most families with teenagers applying for colleges there is one main question―what will it cost us? According to The College Board, the average cost of tuition and fees for the 2013–2014 school year was $30,094 at private colleges, $8,893 for state residents at public colleges, and $22,203 for out-of-state residents attending public universities. Although these numbers are averages, the actual costs of colleges are widely varied. A sad truth about this is that many students and their families don’t even know where all their money is going. Normally the money is paying for tuition; fees; housing and meals; books and school supplies; and personal and transportation expenses. As showed in the average cost of college, usually a school has a lower tuition for in-state residents and a vastly higher tuition for ou...

    Read More

  • Persuasive Essay On Student Loan Debt

    1125 Words  | 3 Pages

    Employers consider a degree necessary for getting a job at their company. However, not many people can afford college. The solution is to take out loans, then college becomes affordable. These loans create a whole different issue, student loan debt. This can affect people their whole lifetime and has been happening for years upon years. But, in the more recent years America is starting to shed more light onto the issue and are becoming curious on why colleges charge twenty five thousand dollars, or more, for a year of education. Many different countries offer free college, but in America student loan debt keeps getting worse.

    Read More

  • Student Loans For College Essay

    552 Words  | 2 Pages

    Most people today accept the debt that comes from college. Students consider student loan debt as a “good debt.” They see other students make this mistake but follow their path anyway. Nearly 80% of college-bound students have not projected the total amount of money they will need to graduate college.

    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

  • Student Loan Debt Should be Forgiven

    1255 Words  | 3 Pages

    Denhart, Chris. “How the $1.2 Trillion College Debt Crisis is Crippling Students, Parents, and the Economy.” Forbes. 7 Aug. 2013. Web. 13 Mar. 2015.

    Read More

  • College Education Should Not Be Free

    769 Words  | 2 Pages

    As of 2016, American students have accrued a massive 1.3 trillion in student loan debt. Just 10 years ago, the nation’s balance was only $447 billion (Clements). This ever-present cumulative burden has caused many post graduate Americans to delay important life events such as marriage, homeownership and children because of this substantial encumbrance (Clements). The debt will only continue to grow with neglect, so the most effective action to take would be eliminating the cost altogether.

    Read More

  • Education Debt: The Problem and Solutions

    1138 Words  | 3 Pages

    “Debt Burden: Repaying Student Debt.” American Council on Education. One Dupont Circle NW. Sep. 2004. Web. 12 Nov. 2011.

    Read More

More about College Tuition and Student Loan Debts

Open Document