Effects Of College On The College Loan Scandal

Many people believe that a college education is a worthy investment. The ability to become a college graduate will result in making more money. There are more jobs in today’s society that require college degrees. College graduates develop more and better employment opportunities within earning a degree. Self-discipline is a major element in becoming a successful graduate. Also, college graduates are healthier and live longer. Adults-young and old, male and female-who have a bachelor’s degree or higher have twice the annual median income than someone with only a high school degree ("Do college graduates," 2014).

Matt Taibbi argues in his Rolling Stone article titled “Ripping Off America: The College-Loan Scandal” that the government is the primary source to blame for today’s appalling inflation rates on increasing student debt. Additionally, he argues that the reason the tuition is so exploitative and unfair, is because it was created to benefit two groups. The first being, “…colleges and universities, and the contractors who build their extravagant athletic complexes, hotel-like dormitories and God knows what other campus embellishments” (Taibbi). Next up, the other group that gains from the current system is the government. This is because, “…the government actually stands to make an enormous profit on the president 's new federal student-loan system, an estimated $184 billion over 10 years” (Taibbi). Further, Taibbi goes onto to state that students often have no idea what they are signing up for with student loans, because not all students have access to the same information. Finally, Taibbi mentioned that “because of the poor job market, young people may have less of a chance than ever to actually get a good job commensurate with their education” (Taibbi). This means that with no degree, students have no chance, but with a degree you are forced down a road of high risk, and at the end you are likely to be left with a ton of debt.

The past has shown time and again that one who has been well educated succeeds in life. If a person attends college limitless doors will open for him or her because one has multiple possibilities in the career field. Since one has the qualifications, particular career options will continue to provide themselves. One will most likely be paid more money because one has a large wealth of knowledge, and have been professionally trained in certain areas of expertise. Financial success, excessive knowledge, and endless career possibilities are a few basic effects of a college education. If one has been trained correctly, life will provide a great deal of optimism, and one will most likely live an additionally comfortable monetarily savvy life.

David Leonhardt in his article “Is College Really Worth It? Clearly New Data Say” goes over the biggest negatives of college that deter students and even returning adults from receiving a higher education and earning a degree. He talks about the struggles of finding work after college and the accumulated student debt. Daivd Leonhardt points out that “Americans with four-year college degrees made 98% more an hour on average in 2013 than people without a degree.” (Leonhardt). Which shows that as much as college costs, you get that back multiple times over after graduation and after you are employed. The stress and struggles that undergraduates face such as deciding a major, the issue of time commitment and large financial sacrifices are worth

It carries on to things that will happen later in life and even after retirement. College allows students to be creative when making decisions in stressful situations. College graduates seem to be more sound in their work and they focus more on “intellectual growth...not all college students [focus] on career preparation” (Is College Worth it?). It is said that students will “grow personally and intellectually”(Is College Worth it?) throughout college. Critical thinking is gained and students learn great resources for more learning and for making choices in life or work. Students who are able to rely on education in their life rather than being ready for their career on “day one” proves to be more effective (Roth).College education not only makes career possible, it helps students find what they love and gives them the ability to keep learning and growing(Roth). Textbook knowledge is just a little piece of college, there is so much more to be learned from the experience then what people think. Most believe it is just textbook learning , hours of work , and struggle to pay tuition and books.College is not easy and is a struggle for many , but for those who are willing to push through it are grateful as well as successful. Those who go and experience college will understand there so much more to it then textbook work and financial struggles. Graduates leave with knowledge that will help them

In “College Helps Students Dream of More Than a Salary,” author Drew Faust states us how college opens minds and opportunities for students. It pays off from the four years you are going to attend. The author mentions how students who attend college end up making more money than anyone. They make about 60%-70% more than anyone with and without a high school diploma. Drew Faust suggests that college graduates often live a longer life and be successful. For example, be more active and own a home once they are done with their studies. In addition, he remarks on how students’ lives change in perspective and explore, meaning, they will learn different places, languages, and their way thinking. Students will also be meeting people from different

They would be able to comfortable stable life. For example, they will be able to get a job with good position. This job will pay them enough to own possessions such as a house, a car, or to afford vacations. Indeed, I agree with Wilson because she argues that some people might not consider going to college because they are afraid they would not be able to pay it back. But, if they get a college education they have more opportunities than not getting a college education; the reason is that someone applies to a job and they have a certificate they will have more options to get selected for a higher paying position. Some data that back ups my position is the data Wilson analyses, which relieved that, “a college graduate can expect to earn nearly to $1 million more in lifetime earnings that a high school graduate can” (260). I notice in this analysis that the college is the best option in order to have more earning which will optimize greater possessions of things.

It makes students more mature which will help students be more responsible, as well as an independent adult. College can be very fun but it is also a major accomplishment in life if student put their best in their work. College can influence other student’s family, even their children. High education parents can also use their social capital to promote their children’s development. College will provide a better job with higher earnings, more job opportunities, greater benefits, and job satisfaction. College degree can increase your earning, you’re more likely to earn more money throughout your career than if only have a high school diploma.

This article was a very engrossing read, listing the pros and cons of college. Interestingly enough, the journalist John Cassidy leaves an insinuation that the revered idolization that is known as higher education of college is a scam. Similar to AP tests, attending college is expected of almost all students as it will give them benefits later on in life; high wages for an example. However, the expenditure for going to college is the hard fact that it will squeeze all the money from your wallet, bank account, mattress, and anything you managed to shove up your butt. This suffocation may lead some students to get a student loan and get into debt (which is something you specifically told us not to do). Add in the fact

People who do go to college obtain greater amounts of money. While having more money people feel more secure. In other words, less worry, about supporting family and knowing depending on others isn't necessary. And having to know that college graduates are less likely to be unemployed. In an article called “Actually, College is Very Much Worth It” by Andrew J. Rotherham

Student in high school, college students, and even adults ask a simple question. Is college worth the money? This paper will answer just that question. We all know someone that says it’s not worth it, and that coming out of college with tons of debt and no job is an almost guarantee.

In high school, every student that applied to the college of their choice always mentioned about the cost of college. Before the final decision, students had to know whether or not they could afford the college or else they would find themselves paying off a heavy debt. Even with the extremely high cost of college, Caroline Bird’s article, “College is a Waste of Time and Money,” tries to convince readers that there is little to no point in attending college. She talks about all the redundancies that college is supposedly teaching us and believes that people should just go straight to work after high school. I do agree with Bird that colleges is expensive, however, the evidence she gives to support how college is a waste of time and money was

College can affect a graduate's lifestyle in many ways positive. With the combined forces of a good job and health combined you are setting yourself up for a great lifestyle. College graduates often make better moral decisions and choices in life than those with or without a high school diploma. Graduates are 39% less likely to use government services and resources such as medical and police. They are also 18% less likely to be sued or thrown in jail, (Huffington Post). 2.3% more likely to volunteer for civic movements, social rights, and are more likely to donate to charity and local

1. Matt Taibbi argues in his Rolling Stone article “Ripping Off America: The College-Loan Scandal” that the government, colleges and universities, are all perpetuating this scandal of ripping off unknowing students. He states that students have essentially been backed into a corner because any good paying job requires a 4 year degree, but the debt gathered in doing so makes life after getting a degree just as difficult. Taibbi’s first point of surprise was “In 2010, it estimated that one in five had defaulted on their loans since 1995, that 31 percent of community-college students default and that an astonishing 40 percent of students attending for-profit schools end up defaulting” (Taibbi). Pursuing a higher education is something that has been disguised as doable for everyone, but what such high defaulting percentages, the current method clearly does not support this. Furthermore, Taibbi went on to say that, “After the latest compromise, the 10-year revenue projection for the DOE 's lending programs is $184,715,000,000, or $715 million higher than the old projection - underscoring the fact that the latest deal, while perhaps rescuing students this coming year from high rates, still expects to ding them hard down the road” (Taibbi). This is surprising because it further shows that deceit is a very prominent theme when it comes to understanding and pursuing a higher education. They make it appear like they are finding a solution or trying to be fair, when their true

For some it may carry a positive effect while for others it may not. This is the first problem that proves students aren’t receiving everything that they need from college. In Charles Murrays “Are Too Many People Going to College” he speaks about how college is not necessary for everyone (pg 431). He uses the example of a young man who could