Argumentative Essay On Student Loans

Student loan debt has become a discouraging problem throughout today’s economical foundation. “Overall debt is falling but student loan debt is increasing year-over-year and at a much faster rate,” chief executive David Stevens told The Washington Post. “[Young graduates] are already on the margin for being able to qualify for a mortgage. If you add on a

You do not need to take out a student loan to graduate and attend college. Not for any reason at all. One main reason, debt builds faster than you can blink. It creates interest, and once you graduate you will be working for the next 10 years just to pay it off. The second is you will feel trapped, and you really will be. Once you take out a student loan it builds. For many reasons you will feel like it is okay to continue to take more money out. And you will be building interest every day. You will have 6 months from the time you graduate to start paying them back. What are the chances you’ll find a job in your degree? Or that you will even be making above minimum wage. So Amanda thinks taking a loan is okay, she graduates with $18,000 dollars in debt. She will be working for the next 10 years not spending a dime just to pay it back. Then was college really worth it? You have an okay paying job you figure you can catch up to your student debt and start paying it off quickly creating not much interest. Soon you find it hard not having any money for food or bills or a car. Then you fall behind in your payments. You become depressed and stressed out. Always feeling down like you will never live your life again being able to just go get some ice cream with your friends. It can tear you apart along with your friendships, relationships, ect. Most of all yourself, you start to feel worthless. Some think it is a great idea to take out a loan. They wind up getting a great job or have their parents help pay back the debt. They

A problem with student loan debt is that students gain more debt because they are not able to pay off the student loans within the given time which also causes them to put certain life decisions on hold. According to Sophie Quinton debt is a problem for the recent college graduates because “There’s currently no way to get rid of federal student debt other than paying off the loans. while some borrowers are paying off their debts just fine, overall they are adding debt faster than they are shedding it”(Quinton). According to Jamaal Abdul-Alim stated that a “survey - titled Student Loan Debt: Who’s Paying the Price?- revealed a number of troubling statistics about the practical ways that student loans are impacting college graduates in their everyday lives. For instance the survey found that: 49

They say student loans are the “Good kind of loans.” When in all reality, any loan is not a good loan. Many students that take out loans to go to college, won't be able to make their student loan payment every month. The total estimated student loan debt in our country is one trillion dollars, the companies that are lending the money are making bank on students taking out loans for college. If this is what people consider to be normal, do you want to be normal? They say paying for knowledge, getting that higher degree, will enable you to get a better wage; so getting a loan now, is a small price to pay. So let’s say you take out a $70,000 loan, and you complete college, you apply for the carrier that you worked for. Your starting salary is $30,000

You probably already knew that higher education leads to debt. If you don’t do something about it, you will have to deal with having to pay money for years. Chances are that you are not thinking about your future yet. I understand if you haven’t thought about your future yet. Here’s how I know you probably haven’t thought about it because many of my colleagues have told me that all they thought about in high school is about their girlfriends or boyfriends and not about their college education. Therefore, I’m giving you advice because many past and current college students have been in the same place you are right now. The future may seem far away, but time passes by in a blink of an eye. In no time, you’ll be applying for the college of your dreams. As I researched, I found that most college graduates are left with at least

Student Loan is designed to help students pay for University tuition, books, and living expenses. Student Loan Debt money owed on a loan taken out to pay for educational expenses. Rapidly rising college tuition costs have made student debt the only option to pay for college for many students. I think this is very important because it raises awareness for all college students and post college students looking to use their degrees that they have earned. We have a problem in this country of student loan debt. It is keeping students from being able to live out their dreams and holding many students back after college.

Without student loans, a great deal of students would not have the opportunity to obtain a higher educational degree. Student loans give the possibility to low-income families to be admitted into college without the doubt of not being able to pay. Lastly, some argue that “the upside of student debt is that … it may be possible to earn significantly more or to pursue a more personally fulfilling career, making the debt financially or emotionally worthwhile”(Fontinelle). This argument comes from if one wants to enjoy their job, they need to get the correct amount of education in their field of desire, no matter the debt. Conclusively, there are plenty of upsides to loan debt, but in all, the increased debt of student loans should be subsidized to lessen this

Student loan debt is becoming more and more of a problem as time goes by. Evidentially, it is only its interest fee that student loan debt is becoming known for. According to Student Loan Hero, “Student loan debt is mostly for four-year or graduate degrees (“Student Loan Debt”). Student loan debt does have effects to people’s lives, but only because they allow it to build up from not paying it. Student loan debt is not something people has to live with, but it is what they choose to live with it can be taken away nothing is permanent. Most people do not understand what Student Loan Debt really is, and the confusion it brings in people’s lives need to be distinct; this problem can simply be done by colleges protecting students from going into debt, and loan company’s should allow them eight years after graduation before putting them into debt.

Do you have money laying around? Would you like to have extra cash to make your dreams come true? Use student loans to pay for college and a college education will pay for its self, with knowledge. A college degree is worth gaining student debt because it will increase one’s potential income, make one successful in life, and make one happier by allowing one to chase one’s dream.

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.

Student loans is a program that was started by the Federal Government of the United States in 1958. The program was introduced as part of a higher learning aid to help finance the education of needy students in higher institutions of learning. Since its invention, it has been adopted by many other states and countries all over the world. The governments law took into place the right guidelines and rules meant to ensure that every student benefitted from the program. Therefore, the students were and are required to repay these loans after done with school.

Not having to be a full-time employee, while also being a full-time student, is a positive aspect to loans. Also, beginning to learn how to apply for loans and paying them off at a younger age could be very effective to future financial success. On the contrary, not paying for college with loans will allow you to be student loan debt free. In 2013, the average college graduate owed $28,400 in student loans, while numbers across the nation exceeded $30,000 (Bidwell). Chandra Wilson from Brainy Quote said “When the time came for me to go to college, there was only one scholarship that my high school offered at the time and I didn't win that one, but that didn't stop me. I went on to college anyway. I worked my way through it and paid my student loans for 11 years.” In 2016 the average student loan debt soared to $37,172 which is roughly $10,000 more than three years prior (“A Look”). College tuition rates are steadily rising and, in turn, so is the national student loan debt. Moreover, with a high debt cost, the number of years to pay back, with interest, is also soaring. Mrs. Wilson took at least 11-years to pay back her student loans which is about the national average time span (Brainy). These shocking statistics are on the up rise and with college expenses rising every year, students need to be more aware of how they

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

Many people believe that they need student loans in order to attend college. These people are wrong. There are alternatives to student loans. These alternatives include grants, scholarships, paying in full, or simply not attending college. All of these are less financially risky and far better ways to pay for college.

The sheer amount of debt that a college student acquires after they finish their schooling is an egregious sum. The average amount that a borrower owes after they graduate is $26,000 (Denhart). These now excessive amounts of debt are thrust upon graduates, both young and old, and could take several years to pay off. Additionally, the national student debt has increased from $80 billion to $500 billion from 1995 to 2011 ("Student debt"). A young adult, fresh out of school, potentially has few approaches to attempt to decrease a debt of such enormity with perhaps a limited income. While less than 1% of people have loans