Cost Of Going To College Essay

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

A major problem for today’s high school graduates is the rising price in college education. Attending college can add up really fast; it can cost up to tens of thousands of dollars per year (Barkan 1). No wonder, in Steven Barkan’s book of social problems, issues and problems in higher education take up a full chapter. In this chapter, Barkan states that only 44% of all students who attend a four-year institution is lucky enough to have annual tuitions and fees amount to less than $9,000 per year. The aggravating question is, “why does college cost so much?” Not only is tuition part of the cost of college but also fees housing and meals, books, school supplies, and accessories (“What’s the Price Tag” 1). All tuition covers is the money for academic instruction. Fees are charges for specific services such as, internet access, and then the cost of books and school supplies add up. Additionally, one is not paying just for textbooks but also

Each semester the student loan debt increases, and the scary part is that in some cases students will never be able to pay off their debt. Previously, young people would attend college to increase their chances of success in the future; however, now a days it seem like it is more of a financial burden than an investment for the future.{If something is not done to manage the increasing student loan debt, the economy as a whole will also fall into a financial crisis}. Something needs to be done about the student debt in the United States. A proposal should be done to insure that the number of students who fall under student debt have a way to come up from it without the struggle of increase interest rates and a bad credit score. Student loan debt is increasing every year, and some students don’t understand the burden that could come from borrowing money to pay for college. Student loan debt is not just harming students, but also families and the United States economy as a whole, a solution to this problem would be to cancel student loan debt.

The increasing cost of higher education in the United States has been a continuing topic for debate in recent decades. American society emphasizes the importance of education after high school, yet the cost of undergraduate and advanced degrees continually rises at a greater rate than inflation. According to the Advisory Committee on Student Financial Assistance, cost factors prevent 48% of college-qualified high school graduates from pursuing further education (McKeon, 2004, p. 45). The current system requires the majority of students to accumulate extensive debt with the expectation that they gain lucrative post-graduate employment to repay their loans.

In the U.S. students are encouraged to earn a college degree, but the cost of an education turns many away. “Driven by the allure of a decent salary with a college degree, Americans borrowed to go to school. Outstanding student debt doubled from 2005 to 2010, and by 2012 total student debt in the U.S. economy surpassed $1 trillion” (Mian, Sufi 167). There are plenty of opportunities to obtain funds for college, including one of the most common, student loans. A student loan is defined as “a common way to fund education, specifically college and graduate school, and they provide educational opportunities that you otherwise may not be able to afford” (Barr). Student debt is at an all-time high in America. Over half of all lower income

With 19.9 million students and $33,000 in debt on average in 2013 and 2014, the worth of a college education is becoming a huge debate. College has always been known as the next step after high school. It’s what most people look forward to for their whole school career. Now some colleges are so prestigious people make it their dream to get in. Not only do students need to worry about getting in but now they also have to worry about the prices. College prices are higher than they have ever been and they are increasing exponentially. The amount of student debt is also increasing vastly. Although student debt is a lot to pay off, college is worth the experience, connections, and opportunity.

Students on average have more than 25000 dollars in student loan debt they have to pay back because of this debt; The incredible amount of debt creates issues of students struggling to pay that money back.In order for students

There is no escaping the fact that the cost of college tuition continues to rise in the United States each year. To make it worse, having a college degree is no longer an option, but a requirement in today’s society. According to data gathered by the College Board, total costs at public four-year institutions rose more rapidly between 2003-04 and 2013-14 than they did during either of the two preceding decades (Collegeboard.com). Students are pressured to continue into higher education but yet, the increasing costs of books and tuition make us think about twice. Sometimes, some of these students have to leave with their education partially finished, leaving them with crushing debts. It is important to find the means to prevent these

A college education has become a necessity in this day and age; however, its costs have become a cause of discouragement for anyone willing to pursue it. Student loans have become one of the highly debated topics of the modern century, so much so that it has begun questioning the need for a college education. Student loans aid students with their expenses, in order for students to focus on their careers and futures. Unlike in the past, when student loans had a considerably low-interest rate and the repayment schedule could be deferred while the student was still in school, student loans of today with their huge interest rates have gotten completely out of

The cost of attending college has risen drastically over the years. Statistics show that there has been a 260% increase in tuition costs since 1980. The increase in tuition cost equates to an increase in money borrowed to fund higher education. An increase in money borrowed results in an increase in debt accumulated over time. As a result of the rising figures, the economy as a whole has also suffered because of the restricted financial space many graduates find themselves in upon completion of their degree. In this paper, we will discuss college costs, reasons why they have risen, and the best way for students to pay for it.

The cost of tuition for higher education is quickly rising. Over half of college freshmen show some concern with how to pay for college. This is the highest this number has been since 1971 (Marill and O’Leary 64-66, 93). The amount of college graduate debt has been rapidly increasing also. With limited jobs available because of the high unemployment rate, college graduates find themselves staying in debt even longer. Although grants and financial aid are available to students, students still struggle to pay for their college tuition. Higher education costs are prohibitively expensive because the state’s revenue is low, the unemployment rate is high, and graduates cannot pay off their student loans.

Today colleges are growing more and more necessary for attaining a solid path towards a successful career, yet the rapidly increasing cost of tuition is driving students away from their dream of attending college, due to the preposterous amount of money that is now being demanded by colleges across the nation and world as a whole. It is sad to see students being turned away from a successful future due to the money-hungry nature of the universities that dot the globe. More and more impossible it is becoming to have a “rags-to-riches” scenario that used to highlight the American Dream, as if a student doesn’t have the riches to afford a higher education and the tuition that is drug upon its coattails, then our society is doomed to be clothed in rags forever, unless major changes are brought about to restructure and end the indefatigable growth of tuition rates across the board.

lot of dollars for an unemployed family man or woman with little or no income.

College has been sold to the American people as the key to a better future. Complete the four-year degree program and watch oneself rise from the poverty of lower class to the white picket fence middle class dream. This may have been the case in the 1970’s, but college students today are facing over one trillion dollars in combined student loan debt (Denhart 3). In fact, the price of college has increased higher than any other good or service since 1978(Ivory Tower). With the cost of tuition skyrocketing and income inequality being at an all-time high, the cost to achieve a post-secondary education is becoming further out of reach for more middle-class citizens. The current status quo is unsustainable for the future and action needs to be taken before the student debt bubble leads to another recession replicating the housing crash in 2008. Society currently wonders why college tuition is becoming more affordable and many wonder what can be done to find a possible solution Current authors and researchers have made statements on college tuition and the rising cost of education. The research gathered from these sources will specifically be applied to how it affects middle class families in the United States. This research from the authors includes answers to the rising tuition and possible legislative solutions to fix this epidemic.

College is necessary if a person wants to, not only be educated but also wants to be prepared for the competitiveness of the work place. Unfortunately colleges and universities can be very expensive, even without including books, transportation and student housing. In this essay I will like to explore how expensive college can be, the impact it has on students and what can possibly be done to address this issue.