Growing up, it is every child’s dream to attend a prestigious university and find the career of their dreams after it. While the few who achieve these goals are fortunate, the same can’t be said for a growing number of students who pursued a higher education but are currently jobless. This is the dilemma that’s plaguing today’s society. Students are paying a large amount of money to attend a conventional college or university but are not even guaranteed a job after it. Colleges should be responsible for graduates’ success in finding jobs because too many students are defaulting on their loans and the status quo is insufficient at meeting the student’s needs. Unable to find a job, most graduates are left with a financial burden after attending …show more content…
Opponents of holding colleges more accountable say that there is already a rule in place that pressures universities to financially make sure their students succeed. The rule says that if more than 30 percent of students who attend one college default on their loans within three years of starting repayment, then the college would be disqualified from receiving any federal financial aid. The problem with this rule is that the cutoff is so high that colleges can avoid this by pushing students to go into deferment, a temporarily postponement in making student loan payments or temporarily reducing the amount a student pays, to prevent the student from defaulting within the three years and the college from reaching the 30 percent mark. By having the student go into deferment, the universities are only sidestepping the issue while leaving the student with the financial burden after the three years. Another reason that the current status needs to be changed is that colleges are getting away with not providing the students the financial help they need. In nearly 20 years, only 11 institutions have been removed from federal student aid programs because the cutoff is so high and the appeals process so long. Congress is very lenient with the default mark because they don’t want to have to be forced into cutting off federal financial aid funding for colleges, but this only allows universities to let …show more content…
Every child should be able to dream big and not worry about having to settle with the average job or no job at all because we live in a world abundant with opportunities. Even though change might not happen with today’s generation of students, there is still hope for the children of the
Marty Nemko, in the article, “We Send Too Many Students To College,” acknowledges that colleges have become obscenely expensive and that it is possible to be successful without going to college. Arguing that too many students are sent to college without realizing that it is not imperative, Nemko targets parents in his claims that colleges focus on educating in the cheapest way possible and most importantly, that the advantage of past college graduates in the job market is declining. One of his main reasons is that even though the average college graduate makes more money, hundreds of thousands of students in the bottom half of their high school class do not succeed in higher education. Nemko’s article is the most persuasive article on whether college education still has value as he argues that college is not beneficial to everyone through demonstrations of hyperbole, and figurative language.
Arnold H. Glasow once stated, “Success is simple. Do what's right, the right way, at the right time.” Success comes in multiple forms depending on who you are and what your values consist of. In this article, Why Everyone Shouldn’t Go to College, written by Larry Cuban and reposted in the Washington Post by Valerie Strauss, pontificates on the importance of informing students college doesn’t always equate to success. More than half of college graduates flee into low-paying jobs even with high educational degrees. Cuban sheds some light on the alternatives to make money without spending a ridiculous amount on college. With that said, educating young scholars on the options they possess instead of hiding them, will further increase
In the essay “College Value Goes Deeper Than the Degree” author Eric Hoover claims a college education is important to one 's well-being so they can get a job and be productive in other parts of life. Promoters of higher education have long emphasized how beneficial college’s value and its purpose. Many believe the notion that colleges teach students are life skills to apply anywhere, they also work hard to earn a degree and learn specific marketable skills which they can use to get a good job. Though obtaining a college education and a degree is helpful in countless of ways, it is not necessary to pursue a college degree in world where a college degree is seen different now, people without turn out fine, the growing average of debt that students who attend college have to pay off and people without a degree can obtain many jobs that do not require college degrees.
Students not only leave college with a degree, but they also leave owing thousands of dollars. Even though having a college degree would help students get a higher paying job, that doesn’t necessarily mean they will find one. After graduation, the majority of these students do not have prospective jobs and those that do start at entry level salaries because of their lack of actual experience in their field. About seventeen percent of college students at the age of twenty-five are limited to what types of jobs they can find, some not even related to what type of degree they earned. Because of their limited job options, it’s even harder for them to repay their student loan debts.
Most people would agree that getting a degree would make life easier as opposed to ending education with a high school diploma. With the shortage of career opportunities, jobs are becoming more competitive and most require higher education. College has become necessary and so consequently, it has become more expensive. While loans have made it possible for nearly anyone to attend college, because they are given too easily, the costs of college has increased even more. A cycle of giving loans and raising tuition is created and as a result college students are burdened with a colossal amount of debt. The issues of student debt go beyond affecting graduates’ lives and begin to cripple many areas of the economy, as well as hinder forward mobility.
Newly college graduates are struggling to find work. Others, on the other hand are accepting jobs offers for which they feel overqualified. Student debt has exceeded over$1 trillion. These facts are enough to make a series of questions about whether a college education is still worth it or not. A brand new set of income statistics answers these questions clearly: College is worth attending, whether you want to believe it or not.
After graduation, students find themselves in the daunting situation of how to pay their loans. Students accept jobs they dislike, they begin to depend on their parents, or resort to dropping out (Hart). Many student find themselves unable to continue their education so they decide either to drop out or transferred to cheaper schools, such as a community college, consequently placing themselves at a disadvantage in the careers they desire to enter. In fact, per an article written by Rachel Beckstead, “those without a college degree are twice as likely to be unemployed as those with one.” Loan debts are a steadfast threat; however, it goes beyond the present
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 higher education and advanced degrees continually rises at a greater rate than inflation in the 1970’s. 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 rewarding post-graduate employment to repay their loans.
The U.S. is home to some of the greatest colleges and universities in the world. But with an overwhelming 1.3 million students graduating with an average student loan debt of $29,000 each and with youth unemployment elevated, the question of whether or not college tuition is worth the money arises (The Institute for College Access & Success, 2013). Higher education faces intimidating challenges: continually rising costs, access and completion problems, constant changing of technology, and responsibility pressures from state and federal officials. But no challenge is more intimidating than the fundamental question that many Americans face to ask themselves, "Is college worth the cost?" As a result of the economic turn down, many students who graduate are not finding well-paying jobs, either within their field of study or not.
Over the past decade, it has become evident to the students of the United States that in order to attain a well paying job they must seek a higher education. The higher education, usually a college or university, is practically required in order to succeed. To be able to attend these schools and receive a degree in a specific field it means money, and often a lot of it. For students, the need for a degree is strong, but the cost of going to college may stand in the way of a successful future. Each year the expense of college rises, resulting in the need for students to take out loans. Many students expect to immediately get a job after graduation, however, in more recent years the chances for college graduates to get a well paying job
Colleges are noticing a drop in students’ interest in a higher education, because it forces them to fall into poverty. Obtaining a higher education is a dream of many working class citizens, but the price to go to a choice college is not available economically. The majority of students use some type of student loan, they have become the norm for attending college (Johnston, Roten 24). College is becoming unaffordable to many lower class students. With tuition prices this high, students are backing out of school and looking for jobs that only require a high school diploma. Student loans should help people, but it is only hurting them because they feel like they can never repay it. Especially since student debt continues to rise. “Student loan debt rose by 328 percent from $241 million in 2003 to $1.08 trillion in 2013, according to the Federal Reserve Bank of New York” (Johnston, Roten 25).
College students across the nation suppress a shudder when the phrase is uttered. They try to push it to the back of their mind, to save the problem for another day. Sadly, it cannot be ignored forever. Student loans over the United States have been becoming more frequent and increasing in size for years. According to M. Swig, Hickey, and S. Swig, there are now 41 million Americans burdened with having to pay student loans back. While one may question if taking out a student loan in the thousands is worth it, one should consider today 's society. To most people, college is the only option. Parents, families, and neighbors almost force it upon the young adults because they believe it’s the only way for them to be successful. Much of the nation views a higher education as the key component in an individual 's future job, wealth, and therefore general happiness. It is almost to the point where not attending would be comparable to breaking a social norm.
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
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.
While there are many problems college students’ face while attempting to obtain a degree, the largest hindrance from completion is that of financial ability. One of the largest contributors to college dropout rates is the lack of financial support. Many college students must work either full or part time to support themselves or their families. With the declining economy and increasing costs of college tuition, funds are being scarcely distributed and many college students find that they are unable to continue their education due of this.