College Debt Benefits

Ask yourself a question, is college worth it to you? If you answered no then in this case it will be beneficial for you to read this. When thinking about college you have to think more about what you want out of it rather than what you have to do to get through it. The skills that you get while attending college can be very beneficial to you. Having the critical thinking and advanced communication skills that you acquire in college. Getting a college degree and bringing what you learned to the real world will benefit you in your quest for financial success.

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

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

College tuition prices are rising and so is the amount of student loan debt. To many students getting a good education to start off their future is very important. With the rising prices of college tuition, often many students have to get a student loan in order to pay their way through college. Student loans are there to help one out, but can become a huge burden to one. Although student loans come with a lot of responsibility, if one plans a way to pay it off the loan can be very helpful and stress free.

    Having a college degree can prove job security to those wanting to secure their position at their job such as when the economy was dropping. In the essay, "Why Those Student Loans Are Still Worth It" by author Elaine Pofeldt explains how going to college is worth all the loans a student receives. Pofeldt states "Researchers found that, though those from 21 through 24 saw dips in employment and wages during the recession, those with college degrees fared better during the downturn and afterward," meaning having a college degree is helpful when things become bad (226). Those with higher degrees will have a more secure position. An article online titled “College Education - ProCon,” list pros and cons of college degrees. College Education - ProCon mentioned how those who don’t a degree are more likely to become unemployed and go through financial strain (college-education.procon.org). During the recession, my aunt went through a financial strain. She eventually decided to go back to college and get her degree in nursing. Now, she has a secure

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.

When it becomes time for someone to pay off their student loans, it can be a long, complex, and strenuous process. Attorney Heather Jarvis, a specialist in the field of managing student loan debt, graduated Duke University School of Law with a total of $125,000 in loans. “Four-year college graduates continue to experience far less unemployment and earn higher salaries than those with only a high school education… But higher education is expensive and scholarships and grant aid has failed to keep with the rising tuitions.” Says Heather Jarvis. This shows that yes attending college is beneficial to people and their futures, but with tuition continuously rising year after year, colleges have failed to keep increasing the scholarships and grants they give out, which in turn causes many students to end up taking out loans, which if they don’t manage right can have endless effects on their future. “In the United States today, there are approximately thirty-seven million student loan borrowers who together owe more than one trillion dollars. Seven in ten college seniors who graduated in 2012 had student loan debt. Those who had student loan debt owed an average of $29,400.” This is why it is so important to constantly monitor one’s loans, because they can pile up very quickly and suffocate you with debt when you finally get around to paying them.

Often times people hear many negative things about student loans but there are a few positive things about them. A student loan allows someone to attend college and further their education which gives them benefits that they will be able to use later in life. The main benefit and reason individuals go to college is to reach the goal of a higher education, greater employment opportunities and solid earnings and student loans make that possible (Venable 2). It could also be a positive thing depending on the amount a person borrows and terms they agree to pay it back. Having student loans that are possible to make regular payments on is an opportunity to increase a person’s credit score allowing better financial opportunities, for example, being able to acquire a car loan, business loan, or mortgage (Venable 2). Debt that is manageable is good debt and as long as the

Unfortunately, with furthering your education, student loan debt is almost guaranteed. My husband is seven years older than I am, so when I graduated high school and chose to get married instead of going onto college we lived in his small house that he had. Shortly after getting married, we found out that we were expecting our first child. I knew that we would grow out of our first home quickly so we began the process of getting a new home. We found out that no credit is worse than bad credit. We were blessed that by putting down a decent down payment by selling his old house would help us to be able to obtain a loan.

No doubt, having less things to worry about will make one less burdened. Indeed, having little to no debt after I'm done with college would make my life easier and would ultimately help in many other areas, like helping others and fulfilling my dreams. In fact, having to pay student loans will haunt me until my death, or at least until I figure out a way to pay it off, because student loans cannot be forgiven. I would rather not have to deal with that headache. Although the tuition of Rose State is comparatively cheap, it still is asking a lot for a young adult just born into the world to come up with that amount, not even considering the taxes that are imbued on this too. Finally, yes I have plenty of potential, but so does every other bright

Already graduated and ready to go to college to find your dream job? But then…. BAM! College loans started to come in your mail and it’s pressuring you and they want you to pay the bill for your college loans. It’s best that we have the college loans with us while debt piling on us from it and not pay it all off right away. Why is it you may ask. I will tell you.

Going to college may be a dead-end goal for many who can't afford it. Yes, there are student loans, yet not everyone agrees with going into debt to further their education or their career.

The benefits of a college degree are not just for money, but also a college degree will also give a person more career options. A person with a college degree will have more career options than someone without a college degree because employers will see that one has a college degree and think that person knows what to do and can do the job well. Employers want the best person for the job and a college degree looks really good on a person’s resume (Ten Great…). In a survey that was casted to see what employers look for, those employers said that they wanted people that have dependability, reliability, a good attitude, the ability to read comfortably, the ability to think more consciously, computer skills, and the ability to communicate clearly whether it be spoken or in writing (Knowledge and…). Along the path of getting a college degree, one will also learn these skills and attributes.

College can be really expensive, so with the help student loans it can be very helpful, but also it can’t. Almost all colleges have a expensive tuition, money is a big thing when it comes to college. Everything is a lot of money, from housing, books, classes, and all the necessities. Student loans can almost take a load off of your back.

High school graduates without at least some college under their belts now hold just 18 percent of the good jobs, down 10 percentage points during the same time period,” (Fain 3). People with a four year college degree have gained 55 percent of well paying jobs in 2015 compared to in the nineties where it was lower. Going to college is a good start to help decrease unemployment rates and also increase chances of working well paying jobs. College education can help with getting stable jobs, leading to increased income and better financial support for one’s family.