Having A College Education Analysis

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 is where you go to get higher sources of education. Many high school students dream of attending college in order to attain more knowledge, yet so many people fail to realize the cost of college. Attending college, currently, is nearly impossible to do without being in some sort of financial debt or seeking out government help. According to the American Association of University Professors, “two-thirds of American college students graduate with substantial debt, averaging nearly $30,000 (if one includes charge cards) in 2008 and rising.” (AAUP, 2012) Although going to college is beneficial, there is an argument on whether or not going to college is worth the possible debt incurred. The goal

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.

In mid-2010 higher education debt surpassed credit card debt at $830 billon dollars(Clemmitt 877-900). Debt has become an increasing problem for students who want to attend college. As more students try to further their education, tuition rises and so does the amount of loans taken out each year. According to Belkin, “Students attending public four-year institutions this academic year are paying an average of $12,620, up $220 from last year, for tuition, room and board,” meaning that tuition is only growing not decreasing from previous years(Belkin n.p.). Many people debate over whether they should attend college and be in debt or if they should get a job somewhere that allows them to live a comfortable life debt free. Two-thirds of college graduates have to take out loans in order to get through college(Dwyer, McCloud, Hodson 1133-1155). Many people question, “Does rising college debt limit who attends and completes college?”, while many people have different opinions on this particular subject, I believe that it depends on the student and their situation if college debt limits who attends and completes college because it depends on their financial stability, it depends on if they are borrowing the right amount and it depends on if their degree provides them with the means to pay back their loans, however, many people would disagree with me and say that yes, college

The typical all-American dream is a great paying career, a happy family, and a good home to raise them in. This is, however, only possible by going to college and getting a good education at a high-cost university that buries you in debt. Often when discussing student loans the general consensus are that students are in colossal financial struggles if they obtain degrees at good universities. The myth of crippling student loan debt is, however, not typical.

However, the accomplishment of attaining a college degree has become much more complicated because of many causes, one being student debt and the cost of tuition. Stephanie Owen and Isabell Sawhill states, “With tuitions rising faster than family incomes, the typical college student is now more dependent than in the past on loans, creating serious risks for the individual student…” “Federal student loans now total close to $1 trillion, larger than credit card debt or auto loans and second only to mortgage debt on household balance sheet” (212). The essence of Owen and Sawhill’s argument is that its impossible to attain a college degree without a student debt causing students to look towards a different direction or path from higher education. I agree that student debt can scare students away from furthering their education because the debt may stay alongside of you your whole lives. It is why students are not wanting to take a big risk that may create problems in their

Student loans will always be with us, unfortunately, borrowing to achieve a higher education is the only way the majority of Americans will reach their goal of earning a college degree. Because we know that borrowing to attend college is not going away, steps to offset the bite of borrowing to attend college should be taken as far in advance as possible to

Debt can make one’s life become a stressful thing. There is a constant worry the debt will continue to grow or dealing with the struggle of having to pay every last penny back plus more. Colleges are finding fewer reasons to lower prices and more reasons to raise prices. The college perspective is understood by many in this matter though. Colleges, as well as any other business, needs to make money also. The affordability of college is the second most important thing about a child’s college education, right below the actual education itself. “… the cost of college will remain unaffordable, tuition will continue to rise, and the 18-year-olds… will ‘get to’ continue paying for college with student loans” (college cost act does not…). Does it really pay off to go to college though?

It’s no secret that it takes money to go to college, a lot of money. Some students rely on their parents to pay, while others work to pay their way. Sometimes, the student’s parents aren’t able, financially, to pay. There are also times the student is unable to find a job that pays enough so they can pay their own way. When this happens, the student may feel that their only option for being able to attend is by taking out student loans.

Students who have to take out loans to attend college not only have the stress of knowing they are going to be in debt after they graduate, but also have to spend time during the school year working to keep the loans down and applying for new loans to keep them in school.  Having to take out loans increases the difficulty of college compared to students who only have to focus on their education.

There are limited resources out there for financial aid, and most students emerge from their necessary college experience several thousand dollars in debt. They are then faced with the harsh reality: a college degree does not ensure job placement. The graduate then seeks to find a place to live, and with their already incurred college debt hanging darkly over their financial records, it seems to matter little whether they add to it or not. Thus the downward spiral begins, and it is difficult for even the most financially-wise person to extinguish before many years pass.

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.

College offers countless opportunities to get involved. This can eventually benefit individuals when they enter the job market since it encourages them to be team players. In various jobs this is crucial to success. If students live on campus, they must learn to be independent. They will be away from family and friends and will be forced do things unaided. Many will need to learn to do their own laundry, cook their own food, run their own errands, such as grocery shopping, and obtain a job. College can also help with time management. This ties into being independent since they are on their own, they have to manage their own schedules. They will have to attend class, work, juggle any extracurricular activities they may have, study and do homework, and still make time to have fun. With the innumerable activities offered in college, students have an opportunity to build friendships that will last a

According to Paul Bolton in Student Loan statistics, “currently more than 10 billion is loaned to students each year. This is expected to grow rapidly over the new few years and the Government expects the value of outstanding loans to reach over 100 billion (2014-15 prices) in 2018 and continue to increase in real terms to around 330 billion (2014-15 prices) by the middle of this century.” The amount of loans a student has to take out just to get proper education is extremely large. In Derek Bok’s book, “Higher Education in America”, he states “[S]tudents obtained roughly $70 billion in federal student loans, bringing the total amount of financial support to well over $170 billion per year.” It’s very common for students that are just coming out of college to be thousands of dollars in the hole. Rather than being ahead and ready to pursue their dream careers, they are behind and drowning in debt. When a student graduates college, their goal is to move on to the part of their life where they do big things and succeed. Isn’t college suppose to put students ahead of those who don’t attend, and give them the upper hand to get employed at the job they want? How can one accomplish this when they are in this crucial situation? By the years of 2011 and 2012, graduated students from non-profit colleges had an average debt around $26,500 (Bok

Student loans are a major part for helping with college expenses. People that can not afford the expenses of college take out student loans and pay it back over time, but student loans can also make you struggle with money after you finish college. “Nobody told her that when the student loan check lands, it can lead to false feelings of being flush with cash, given that a chunk of the money may be needed for living expenses” (Lieber, 2017). Jenny Nicholson, is a woman that contributed to the game “Payback” and she did not have to struggle with student loans because she saved up and made good choices about her spending, and she also maintained a job to pay off her loans. All in all college is college and people need the college