College, Is it worth it?
To most people college is their goal at succeeding in life. Whether you get a scholarship or pay yourself, college is expensive. To some it is a waste of time and money due to the fact that, graduates are not getting their money's worth in their degree, they are burdened by student loans, and their degree does not guarantee them a job. With that and a growing tuition rate, most people can't afford a higher education. College is simply not worth the cost anymore.
With the rise in minimum wage nationwide, things cost a lot more. That doesn't mean you have $42,500 to pay for college yearly,(CNBC 2015). That's a lot of money if you're not working. Even state colleges are charging $19,000(CNBC 2015). And considering you're going to need a loan, That's going to add to our nationwide student loan debt of 1.2Trillion,(CNBC 2015). But due to the fact that you could earn enough money to pay back all that debt, it is still appealing to most people. The thing is going to college is a lot like gambling. You go hoping that you can get your degree, and earn more later on. But like gambling, you can lose everything.
…show more content…
It is proven that taking out any loan in college reduce the student's experience in school (npr 2015). What's more interesting is that less than 20% who took out a loan felt that it was worth it ( npr 2015). In taking out loans you would need some time to pay them. The standard repayment plan for federal student loans is 10 year's (us news 2014). But “the average bachelor degree holder takes 21 years to pay off” (us news 2014), That is 11 more years than planned. Assuming that students went to college at the age of 19, they would be 44 years old when they finished paying back their student loans. And if they file for bankruptcy in that 21 year period, they still have to pay off those
The cost for college tuition has skyrocketed, leaving people with no way to afford a degree or scraping to pay back what they already owe. College is more expensive now than it has ever been, making it harder and harder for people to get ahead. College isn’t the only thing leading to this though, jobs are scarce, even if you did make it through college, there isn’t a guaranteed job out there for you unless you arranged it prior to graduating, which makes it even harder to pay back money you owe. This is what makes it seem like it is not worth it to go to college,
My Econ professor once taught us to only take out no more than $30,000 in student loans. In my mind I thought, ‘why would we even want to take out that much of student loans?’ Everywhere in America, students are taking out student loans to help them pay through college. Whether it be through financial aid, scholarships, loans, grants, and so on. College students are thirsty for money and I do not blame them.
College can be costly but you can apply for scholarships and also according to source D you can apply for financial aid and once it goes through it isn’t as expensive as not having anything. A lot of people who think college isn’t worth it mostly take the fact that college does cost a lot and think that since it costs it isn’t worth it. In source D it addresses how the higher education or degree the more you get paid. Time wise it does seem long just to get a 4+ year degree and some think
Achieving a college degree is worth the time and effort as well as the financial struggle because there is more to be gained besides context knowledge. College is something that has dropped in importance as less and less people attend every year. These students are unsure as to whether it is worth it.Parents push their kids towards college and some even tell them not to go because of financial problems. This pressure students to make a life changing decision. This is all things that may keep a student from a secondary education that could kick-start a new and better life.
A lot of people will argue, that college is too expensive. Not everyone can go to college, for financial reasons. Also, they may get into college, but end up having to leave because they cannot afford the remaining balances; or, they received financial aid, but end up having to take out loans they are going to be paying back forever. It is like once they graduate they will be working mostly to pay off their student loan debt. This also discourages some students. In some cases, they will not even take the initiative to try because it is so costly. I do not understand why it cost so much to want to better yourself, and possibly put us in debt for the rest of our life just to receive a higher education. Not only has the cost of college risen over a period of time, but it continues to go up. Yes, they have alternatives for paying student debts, but what if you do not qualify? Lastly, you are not guaranteed a job just because you graduate and have a college degree(s).
Today's American workforce is made up of a clear cut thirty six-percent of people with a Bachelor's Degree, thirty-four percent of people with a High School Diploma and thirty percent of people with at least some exposure to college courses (Douglas-Gabriel 1). The desire for qualified job applicants goes unnoticed these days. Today's workforce lacks driven applicants with a college education. As students and families struggle to make ends meet in the midst of the transition from high school to college, one might question, is college worth it? A wide variety of statistics about where students most commonly succeed shows both positives and negatives about attending college.
A lie that a person told will eventually catch up with that person. It's the same way college education works. Change can’t be done overnight. College education is worth the money because the opportunities it gives, higher wages and networking.
The cost of college is becoming outrageous because they are rising tuition, trying to make their campus more appealing to the students that attend as well as incoming students, and government loans have astronomical interest rates. Students are having to come up with all of the money themselves. It is hurting the students after they graduate because they are in so much debt before they even start their career. Some students wonder if going to college is worth it or if finishing high school would be enough for them. The amount of debt students are accumulating by going to college makes others wonder if they want to start a career already thousands of dollars in debt. Going to college may seem like a no brainer for some, but others struggle with the thought of “being in the red” right out of college and trying to find a high paying job that will help them pay back their loans and borrowed money, especially in the economy now.
For years adults have been questioning whether or not college is worth its cost. Over time the price for college has increased drastically and the potential income of a college graduate is barely following that trend. As colleges become more wealthy and powerful, they’re too pricy for someone to afford without help and debt.
Some may argue student loan debt is crippling graduates (Procon Con 1). Student loans are crippling seniors because they cosign with the student (ProCon Con 7). More than just crippling graduates it’s crippling seniors and parents of the students. Student loans might cause crisis because they are at $620 billion as of 2012 (ProCon Con 10). Student loans could cause a depression because how much students are borrowing money. People who don’t go to college are more likely to be homeless (Oachs 15). Being without college education it can be harder to find jobs because college is practically required to have a good paying job. Although some people apply for colleges they can’t afford they might create another depression because of how much student loan debt there
While this is often true, it can create problems when a student does not have the money to pay for a quality education. The cost of college has risen an estimated 250-500% over the last 30 years while consumer price index has only increased by 115 percent during the same time frame (White, 2015; Eskow, 2014). The amount of student loan debt is increasing, along with the cost of college. The income of many young people today cannot keep up with the rising costs of college education and housing. Part of the problem with student loan debt begins when students choose to attend a college that exceeds their financial resources and rely on federal student loans as well as private student loans to make up the difference. Eskow found that even public colleges and universities are becoming difficult to pay for without taking out student loans often averaging $30,000 for tuition, room, and board (2014). Since many people do not have enough money to cover college education expenses, they rely on student loans, both federal and private, to fill the gap. Financial advisor Ramsey stated that often the loans students take out pay “for an off-campus standard of living, and no debt was needed to get the degree” (2013). “The Project on Student Debt reported in 2013 over ⅔ graduating seniors were leaving school with student loans” averaging approximately $28,400 (White, 2015). Taking on almost $30,000 in debt before even starting a career can have a significant impact. It can force people to get a job just to pay off the student loans, not based on what they got an education for prepared for or what they studied. This also can cause a setback in future plans, having to delay many adult milestones due to lack of
College can be very expensive, and some people can simply not afford it. This is one of the main reasons why people are on the edge whether to go to College or not. “The average student loan is $27,000”. If you decide to College
Caroline Bird’s essay “College is a Waste of Time and Money” explains her beliefs on why, for some people, going to college is an ineffective and inefficient use of their time. She states that many students do not belong in college because they are there for the wrong reasons and they are not happy learning. She also gives evidence to suggest that going to college and getting a degree does not actually allows a person to make more money in their life time. Her final claim is that college does not prepare most students for the real world and the jobs they will have once they graduate.
The cost of tuition is just the sticker price an entry level fee, there are also other fees involved and sometimes the fees may be more than the tuition, it's like looking at the sticker price that’s posted on a new car plus you also have to consider the cost of finance charges, insurance, operation and maintenance of the car and that is the real price. Thus it’s not just the costs of the admission to the school, but the other costs involved such as housing, clothing, food, and essentials for living. Many colleges and universities have many ways to help a student pay for their college education, through student loans, scholarships and grants to help make college more affordable, but most students still end up with a huge debt after they get out of school that may take years to pay back. Students and their families have to consider all the costs involved in getting higher education. Having a plan on what to pursue such as degree will aid a student in getting that job or put them on that career path that you plan to have after you finish
As a student in high school, the pressure of figuring out what I want to do in the future is real. The thought of growing up and going to college always seems to be at the back of my mind. What if I don’t want to go to college? It is hard to even think about that seeing as not going to college is often seen as lazy and irresponsible, but should it be seen that way? Is college really worth it?