Argumentative Essay On College Debt

“Is Forgiving Student Loan Debt A Good Idea?,” an article written by Kayla Webley in a 2012 issue of TIME magazine, discusses the solution of a one-time student loan bailout for all college students, and argues that, even though this solution is not the best, it is an answer nonetheless. Webley supports this claim by introducing a petition started by Robert Applebaum, a student burdened with $88,000 in college loan debt (130). However, she argues against his propositions, stating that the bail-out will not be an efficient stimulus politically or economically, many students will eventually be able to pay back their loan debt, and there are government programs already in place to give students financial

College tuition is a subject that I am certain is on every college student's mind. The current cost of college has become so outrageously high and so students are graduating college with what you think is a feeling of excitement for their lives starting, when in reality they are entering a pool of stress due to high amounts of debt and no job guarantees. With that being said overly expensive College Tuition is merely taking away opportunities from potential students. According to Collegefactual.com, you will see that 20 years ago the average college tuition for a student at any University was around $6,285 for the room, board, and tuition. Today, according to Niche.com, the average tuition for almost any college is over $30,000 for those same things. Today, this isn't even offered for those same colleges, we don’t even know what is actually causing the raising tuition. At this point in time, we are paying for the name. Just like clothing, we pay more for the “high end” (a.k.a the college name) items. This is an issue that not only affects college students, but people who want a good education. College tuition should be lowered because the average student debt is too high, FAFSA results can be misleading and not high enough, and there is not enough access to college for deserving students.

An article by HO, J.D says, “the National Center for education statistics reports an average tuition of 25,409 for the 2014-15 academic year at four-year colleges and universities.” It’s amazing how costly is to get an education. Where many questions, Should the amount of wealth you make determine whether you attend college or not.? Many students going college are in college debt College expenses are getting higher, every individual that is thinking of going college goes through the financial struggle. As many think of a question of how much income they need to pay college tuition.? In regrade to making their college life, usually, student tend to go school and work. although, going school and working becomes the habit but the student will have a dangerous effect on their study. They would have less time to study and take a rest. Education has given many an opportunity to change the world and taught people to saves other people lives. Now our world has doctors, pilots, engineers, scientist and much more that people are not seeing. The life cycle of humans is amazing where we lose another and get even smarter and betters. In this cycle, many have not have gotten an opportunity to show the talent because of college tuitions rising every year. There have been different college grants and some help on college fee if you are under poverty level. Education should not be compared with the price, we can buy a nice dress with a good price but we cannot buy an education at a price

With the ever-increasing tuition and ever-tighten federal student aid, the number of students relying on student loan to fund a college education hits a historical peak. According to a survey conducted by an independent and nonprofit organization, two-thirds of college seniors graduated with loans in 2010, and each of them carried an average of $25,250 in debt. (Reed et. al., par. 2). My research question will focus on the profound effect of education debt on American college graduates’ lives, and my thesis statement will concentrate on the view that the education policymakers should improve financial aid programs and minimize the risks and adverse consequences of student loan borrowing.

Did You know college debt in the United States estimates to about $1trillion?Pretend you just graduated college and you are ready to get your life started. You start fresh, find a good paying job, and boom, you get hit with tons and tons of debt that you owe. Now you’re stuck not being able to have as much money as you’re making because you have to pay off all of that debt. College debt is what a student in college is paying to attend that college. Before the late 20th century, college debt wasn’t as big of a problem as it is today.

Student debt can socially affect a person’s life for years after graduation. Taking out thousands of dollars in loans causes a negative effect in student’s lives. In reference to Natasha Yurk Quadlin and Daniel Rudel, who has a Ph.D. in sociology and both work at Indiana State University, student loans affect persistence and completion for undergraduates. There is a correlation between how students do in their classes, the amount of time spent on their work, and the amount of time working in a job to pay off debt. Students become so stressed that they do not complete their college courses and enter their path of a new career. (Quadlin, Rudel, 2015). When students do not perform well in their classes, they tend to want to compensate for it. However, they cannot because they have to go to their jobs, to help pay off the thousands of debt that they owe and for their everyday necessities. Due to the amount of stress that they have to handle, it affects their personal health. Katrina Walsemann, in a representative study on student loans and early adult mental health, argues that “We are speculating that part of the reason that these types of loans are so stressful is the fact that you cannot defer them, they follow you for the rest of your life until you pay them off,” (Blake, 2015). It also mentions that the students with higher levels of debt incurred, have had higher levels of depressive symptoms. A college student’s overall health is

Student loan debt is widely accepted as normal, and many even call it “good debt”, but I completely disagree. Student loans may sound like an award, but it’s really just an opportunity for you to be swallowed up by debt. Taking a student loan will not only take years to pay back, but you will also have to pay interest on it, which will make you waste an incredible amount of your hard earned money. Also, it will make you base all your decisions on tackling your student loan debt that is constantly growing, effectively wiping out several opportunities you could have taken if you didn’t have all that debt holding you back and controlling all of your decisions.

In the year 2007, 18.2 million students enrolled into college. About thirty-nine percent of those students were between the ages of eighteen to twenty-four (Marcus). College is seen as something one must do to be able to have a successful life or career. Student debt is almost guaranteed for anyone that goes into college. Seventy percent of bachelor's degree recipients graduate with student debt. Student loans in just the U.S. alone are up to 1.2 trillion dollars, this is the second highest level of consumer debt, just trailing behind mortgages (Snyder). Student debt has been an issue for anyone thinking about going into, that is attending, and graduating or leaving college. How to solve this issue is very simple, which is to save money, lower

The most common types of debt in and after college are student loans and credit card debt. If loans and tuition rise more and more, it will be increasingly difficult for students to pay them off, causing bankruptcy and economic mayhem (Taibbi). Due to rising tuition since the 2000’s (Taibbi), it is much more difficult for students to find other means of paying for college. Students are faced with debt from the loans they were forced to take out. Student loans allow students the opportunity to go to college and graduate. However, this is a double-edged sword as some student haven’t even started their career yet and they’re faced with a mountain of debt “I could never buy a house. I can’t travel; I can’t do anything, I feel like a prisoner” -Kristin Cole.

We have become driven to accept the burden of debt and have developed into a norm in American adulthood. In some aspects, it has made the seriousness of the occurring debt to become of less significance. This sense of pettiness allows the opportunity of attending a university less approachable because the cost could be seen as a liability. It’s prevalent, that countries that have created a system to benefit their citizens have promoted progressive changes. United States are more than capable; countries such as Australia have greater income equality and borrow a similar amount as Americans, but don’t pay until earning over forty thousand dollars (Dynarski 1). This ensures if one doesn’t feel limited in their society, it heartens the best of minds. In the competitiveness of globalization, education must be deemed as a right instead of a luxury. In general, our culture has become dis-unified in the topic of education and has ought to look elsewhere to be

From the beginning of an education in preschool, to the time of graduation 14 years later, everything learned, interpreted, analyzed, understood, or even misunderstood has its effect in the future. The question is always “what do you want to be when you grow up?” As you age, the career dreams develop into a more mature answer. No matter how anyone is raised, there is always someone pushing at least one other person to go to college. Then, that silly career question is turned around on them, “how exactly do you expect me to afford college?” Roughly, about $809.6 billion is spent on college in the United States each year. Along with all the money spent, deb comes trailing along. Everyone can agree college tuition is not cheap, not to mention

In the United States today, the number of students graduating college with student loan debt is quite astonishing. In the article titled, “How the $1.2 Trillion College Debt Crisis Is Crippling Students, Parents And The Economy”, we will examine and break down the student loan debt crisis by the numbers. Today, almost two-third’s of students graduating college are graduating with an average of $26,000 in debt. For most students, $26,000 is a lot of money when the average annual income for a first year graduate is only in the mid $40,000 a year range. According to the Consumer Financial Protection Bureau, student loan debt has reached a new milestone, crossing the $1.2 trillion mark (Denhart, 2013, Introduction, par. 2). With student loan debt levels

Student debt is slowing the growth of the U.S economy because it makes graduates not able to spend on goods and progress their lives. The obvious problem, supported with statistics, show that the increasing of tuition costs and student debt balances to be harming to the growth of America’s economy and its people. How? Statistics show that Americans owe more than $1.45 trillion dollars in student debt, shared amongst 44 million people. You would think by knowing this fact students will reconsider attending a four-year college, yet it doesn’t affect enrollment at all. What’s more concerning is college graduates leaving school with an average of $34,000 of student debt, according to Federal Reserve’s Bank of New York, effecting young Americans in many ways leaving them stuck in excelling at life.

The student loan problem is starting to look clear enough on the surface. As students are incurring oversized student debt, and are defaulting on that debt and threatening their ability to access future credit that will and need one day. To this the approaches to student loan debt collection are filled with problems, including improper recovery tactics and informational imbalance regarding the repayment options. But the current public policy conversations miss key issues that contribute to this debt mess, leading to proffered solutions that also miss their mark. Although there is one way that this problem could and can be fixed.

My $15,000 debt has been around quite a long time and will probably take me about 10 more years to pay off. There have been periods where I have paid regularly but more periods where I have requested deferments. The government makes it very easy to defer and they give you quite a bit of latitude when it comes to making payments on the debt. I have never been in default and never will be barring a catastrophic life occurrence. I do not resent my debt and it will one day be a memory. Without student loans, I would not have been able to get the wonderful education I received from UCLA. My college years were wonderful - some of the best years of my life. The collegial environment, the rigorous academic requirements, the diverse group of people I came across and forged friendships with all contributed to an enriching educational experience. Therefore, yes the student loans were definitely worth it and they contributed to making me the person I am today. When I lost everything, I still had my education. I was the first person in my immediate family to go to college and received a write up in the local paper when I graduated. My loans were spent strictly on my college education. I was responsible for the cost of my education and used the loans for that purpose along with working two to three part time jobs during the school year and lining up a job for the summer. I have benefited greatly from my education. Not