A Lifetime Of Student Debt

Countless people would agree that our country’s young adults continue to incur a lifetime of debt by enrolling in college. In addition, it has become a somewhat understood that when preparing to attend college, one might as well expect to graduate with a monstrous amount of debt. Very valid and life altering problems can arise with student loan debt. Robin Wilson, a reporter for the Chronicle of Higher Education, wrote an article, A Lifetime of Student Debt? Not Likely.

Although many people are considering student loan debt to be a national crisis, we must understand the reality behind it. Unfortunately not everyone is fortunate enough to make it through college without accumulating debt. In Robin Wilson’s essay, “A Lifetime of Student Debt? Not Likely”, she makes a compelling argument that shows how students get involved with really high debt. She claims, “…the problem among students who go heavily into debt is that they are determined to attend their dream college, no matter what the cost (257).” It is a true statement because students want to turn their dream into a reality. All students can reach their goal of attending a dream college by first choosing a community college in order to decrease the amount of student loans.

Robin Wilson had quite a compelling article, showing the potential contrast with the debt vs. the quality of life and stability a degree can provide. Wilson overall points show that the American dream we are all striving for has changed. She is able to demonstrate this through the use of several anecdotes. Wilson interviews with various professionals to see how they use these degrees to better themselves. In doing so she highlights various pros and cons of having a college education vs. the amount of debt they are now responsible for.

College is where you go to get higher sources of education. Many high school students dream of attending college in order to attain more knowledge, yet so many people fail to realize the cost of college. Attending college, currently, is nearly impossible to do without being in some sort of financial debt or seeking out government help. According to the American Association of University Professors, “two-thirds of American college students graduate with substantial debt, averaging nearly $30,000 (if one includes charge cards) in 2008 and rising.” (AAUP, 2012) Although going to college is beneficial, there is an argument on whether or not going to college is worth the possible debt incurred. The goal

Many families have been left with few options due to the enormous obstacle placed before them. These problems have deterred many aspiring college graduates, some are left too afraid of the price tag associated with higher education to complete their education. And for some even begin it. Good paying careers are the major push for college education however,  "The bar is getting higher for well-paid jobs, with most requiring a college degree..." (Biola and Rodriguez 5-6 ). This leaves America's youth with a decision that should not be as hard to make as it actually is. Is the risk of staggering debt in their future really worth it when they have seen others before them struggle to find good work even with a degree? With all of the talk of high tuition up to the national level many critics have decided to add their two cents into the debate. In "Democrats' loose talk on student loans", the author points out that, "44percent of students at two- and four-year institutions do not borrow at all," (paragraph 2) While this is a factual statement, having 44% of college students not borrowing money is nothing to sneeze at. Despite the fact that the number is smaller than what one would normally expect it does not make the effect of student debt any less important or devastating in some extreme situations.  The author continues by stating, "And of those who do, 59percent borrow less than

In this article, “A Lifetime of Student Debt,” Robin Wilson interprets the different views on taking out loans for college students. The recent worry has been that taking out student loans are “threatening the financial future of today’s college students” (Wilson 256). However, recent studies has shown that one-third of college students will have no debt after their academic experience. College student nowadays are willing to take any means necessary to attend their “dream college, no matter the cost”(257). Mark Kantrowitz touches up on this idea remarking that these students will do whatever they need to go to their dream college. Comparatively,

"Debt is a trap, especially student debt, which is enormous, far larger than credit card debt. It 's a trap for the rest of your life because the laws are designed so that you can 't get out of it. If a business, say, gets in too much debt, it can declare bankruptcy, but individuals can almost never be relieved of student debt through bankruptcy." This compelling statement was made by American activist, linguist, journalist and philosopher, Noam Chomsky. On the topic of student debt, I realize that it is by far one of the most largest and most considerable issue plaguing college graduates today. That is why my number one goal is to graduate college, not only for my bachelor 's, but also my master 's and doctorate 's degrees, debt free. I

Did you know that the amount of money of college debts is 1.2 trillion dollars? College is suppose to help you in succeeding in life, but what if I told you that it wasn’t worth the money? Don’t you want to have a nice life after college? I don’t think that that could happen if you go to college? I believe that college isn’t worth all the money that is used within college because a lot of famous people didn’t go to college and student debts.

According to statistical data released by the Institute for College Access and Success, nearly two-thirds of the total number of students graduating from American institutions of higher learning is leaving school with some level of debt (Dwyer, Mccloud, & Hodson, 2012). As revealed by the data projections, learners who are average borrows are graduating with a debt of an upwards of $ 26,000 in debt. With the total count of the debt crossing the $ 1.3 trillion mark, the issue is alarming and needs swift action before it worsens. While the average American believes that a degree is a pathway to a successful life in America, the burden of debt combined with the lessening educational and financial returns are frustrating American graduates,

What sets 2016’s graduating class apart that they are more indebted than any other class of students before (Sullivan and Towell). Student loans lead some graduates to obtain jobs lucrative jobs in specialized fields and lead others to suicide. Lack of understanding creates an air of mystery surrounding student loans that can have detrimental consequences. Being informed and investigating all available sources of aid are crucial components of managing debt. In this essay, I will argue that although student debt is often a necessity, students should be informed and aware of how to responsibly manage their debts.

Your whole life you are constantly told to do everything you can to stay out of debt, then when you turn about 18 debt is what you are “supposed” to go into, according to the majority of America. For years teenagers have constantly been nagged about enrolling to college after their senior year of high school. But is that really the right decision? Is going into that much debt the best option for everyone? In NPR, Money Magazine, and The Washington Times newspaper, the question “Is college worth the cost?” has frequently been covered and supported with the use of logos, pathos, ethos, and hidden fallacies. After analyzing the articles, “When College Isn’t Worth It”, “Is College Worth the Cost?”, and “Is

All throughout primary and secondary education, especially high school, educators and administrators drill into the heads of students that the main goal at the end is to attend college, to obtain a degree that ensures a successful life. What they don’t reveal is the colossal cost of tuition that the average American cannot afford, instead they speak of scholarships that can be awarded to outstanding students. Once again they do not come to realize that not all students can be awarded scholarships or qualify for financial aid without placing students into debt, which is the majority of Americans who dream of attending college. Thus, college is not worth attending at its current cost because, college graduates still pay off their debts years

College has proven to be more of a burden than a benefit. This note attempts to confront the costly troubles that leave student borrowers with more debt than they originally thought they bargained for. Congress has for a long time has struggled with finding a solid, workable solution to the student loan crisis. Likewise, many notes and scholarly articles have also tried to challenge the system to help student borrowers manage their unmanageable debt. This note will challenge the system from the perspective in which reducing college tuition is the end goal. If the end goal remains just that, unimaginable debt will inevitably turn into manageable debts.

With the rising cost of tuition, young adults have had a more difficult time paying for college. Those who do choose to acquire a college degree spend years after they graduate paying off their student debt. Many situations occur where students aren’t able to graduate, get a good paying job, or their lender is making it impossible to pay off their debt. Therefore, they end up spending the rest of their lives paying it off. On average, student debt has reached record heights and is only predicted to increase in the future. Attending college comes with many costs aside from student loans, and those costs differ depending on the student’s spending habits and choice of college. As a high school senior, I had to consider the steps needed to be taken to avoid student debt. Considering the economic education students receive at home, I can conclude banks and politicians, as well as students’ for their personal decisions take part of the fault of the accumulating student debt.

As a student in high school, I spend nearly everyday in class envisioning my future. I ask myself where will I be in five years, what will I be pursuing and If i’ll be successful. Adults preach the “what college?” and “what career?” questions that I wish I could confidently answer. I would love to attend college and acquire various degrees, but at what cost? The 40 million americans in debt makes me more hesitant of the future than anticipating. Should I spend the rest of my life working a job I’m not passionate about, or drown in student loan debt for possibly the rest of my life. However, there are ways we can avoid the treacherous amount of student loans. We could apply for scholarships, manage our student loans effectively and strive for