High School Should Not Be Legal

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

Going to college may get students an education, but may cause their parents or legal guardians to lose everything they have worked for in the process. While trying to stay up to date with their student loans, they may fall behind on all their other bills. You may even lose your home because “you cannot make your mortgage payments for fear of missing a student loan payment or two” (Beauchamp and Cooper 539). They apply so much pressure on how it is important to pay off your loans that “you struggle to make your car

As a high school senior, post high school options are far and few, but the one that shines above the others is the option of attending college. Instead of going straight into the workforce in order to establish some sort of independence, college provides the opportunity to build upon academic skills, gain a step up in terms of work experience, and become more acquainted with the world and adult life without a watchful parent. It is a very impactful experience that can alter the path taken in life but it comes with a very high price, one that many aren’t able to pay and in turn are forced into tens of thousands of dollars in debt. However, the individuals in debt that did graduate have received something that to most of them was all worth it, a degree. With this, they have opened up more paths in life and immediately are more welcomed in the workforce.

After finishing high school people go through a dilemma on whether or not they want to continue their education. They could either go to college or begin working as just a highschool graduate. Going to college is a necessity. College takes four years and maybe another four years of studying. They is very little in comparison to an average 80 year lifetime. That’s not much time at all! College costs $20,000 - $30,000, college is like putting an investment into yourself and in hope that you’ll prosper and get a deserving career. Many jobs require special skills and that’s where college degrees come in. College brings many job opportunities, whether it be flexible or just high paying. Debt could easily be payed off if college is completed because of the better income.

Families are now aiming low when it comes to college- or are simply not going at all. Money could play a huge part in this decision- after all, the cost of college has skyrocketed over the years, and so has the amount of student loan debt. This is something even Leonhardt admits, stating that, because of this, only about 33 percent of young adults get a four-year college degree today, while another 10 percent receive a two-year degree (Leonhardt). And even though many colleges offer financial aid packages, that money may soon be cut and the cost of college will continue to grow. It is true that, in my personal experience, just because a student is awarded financial aid does not mean they have a golden ticket to University. This leaves many desperate students the only option of taking out as many loans as they think they can handle- often more than they should. Debt is not a new issue for America, but it is still a problem. Although David Autor, an M.I.T. economist, laments: “not sending [young adults] to college would be a disaster”, no one can ignore the rising rates of loan defaults, and some think it

The main reason people go to college is because they were always told you will have a better life if you go to college. Kids are pressured to feel that the have to go to college because, “it

Growing up, it is easy to imagine the future playing out something like this: attend college, score that dream job, get rich, get married, have kids, and live happily ever after. It all sounds pretty familiar, however many young adults find that life does not always happen so simply. There are horror stories everywhere. Students graduate, fail to find a job in their field as they expected, and are left feeling hopeless as their credit card and loan bills pile sky high. Take Paige Nichols for example. Paige grew up in a family that was well-off financially. Her parents were able to pay for her two younger siblings’ college educations and, like many middle class children, she was used to getting what she wanted. However, by the time it was her turn to go to college, her parents’ financial situation had gone downhill and she was left to pay for her education by herself. After four years she graduated with a business degree and $20,000 in debt to go with it. Her payment plan was set at $300 per month, and although she had jobs, she was used to living frivolously, and therefore only made the bare minimum payment of $50 most months. This left her in a position where she would remain in debt until she was 50 years old. A few years after graduating with her bachelor’s, she considered going back for her master’s in forensic psychology, something she had grown very fond of. However, since she was already inundated with student debt and could not afford to spend an extra

The other, increasing in popularity, investment of consumer debt is student loans. Since 2008, student debt has been rising in increments of nearly $100 billion (Schrager). As alarming as it seems, this is not the result of student decisions alone. High school students are being pressured by society to further their education. Students seem to be raised believing a college degree is the ticket to success. However, it is not; anyone can become successful, regardless of background or education. Some students strive for attending college while others have been forced to prevent them from being lethargic. In either scenario, the students are accountable for the inflated tuition as parental contribution begins to decline. Thus, students acquire loans to mask the overall cost. But, the occurring interest throughout their time in school leaves a heavy financial footprint. Three types of students tend to be affected most, graduate, for-profit, and dropouts. Graduate students are permitted to borrow unlimited amounts of money not exceeding their cost of attendance. These students account for 65 percent of graduates who borrowed $50K or more in 2012. The for-profit students are independent of their parents or pursuing a degree greater than four years. For-profit students only constitute nine percent of degree recipients. Dropouts include 59 percent of the students with minimal debt. Because dropouts have a laborious experience job-hunting, they are less likely to repay their loans

When it comes to achieving success in the work force and finding a fulfilling and lucrative career there are few things more important that higher education. Going to college and getting a degree is essential in finding success in the work force. The problem is when the cost of gaining that degree outweighs the financial compensation the career that follows is able to supply. Very few people are able to pay for college out of pocket. The result of this is that students seeking higher education are forced to take out massive student loans. This means that they are entering the work force after college already thousands of dollars in debt and under water. Outstanding student loan debt topped $1 trillion dollars last year. (Block) This figure is now exceeding the total amount of credit card debt in the U.S. Thousands of borrowers are now forced to postpone important life events such as getting married, buying a home or having children until their debts are paid off. Defaults on loans are rising, which typically leads to larger loan balances. This problem is not limited to young adults. Many student loan borrowers are older adults who went back to school to finish or gain a degree that they put off due to various life events. Others are parents who co-signed loans for their children because they were unable to afford college out of pocket. There’s widespread agreement that student debt is a problem, but there 's little consensus on how to go about solving the issue. The average

In the video “are college degrees worth it” it shows that a lot of people that go to college can get up to $27,000 in student loan debt which you wouldn’t have to worry about if you did not go to college in the first place. The average cost of college tuition is $60,000 as states in “are college degrees worth it”. Some people will not even use their college degrees and they are paying that much money for a college tuition just to find a job that doesn’t even require

While this is a common refrain from the highly educated, the reality is not so simple. The problem is that taking out a loan for college requires a leap of faith that is not entirely justified. Yes, it is true that a college graduate, on average, earns close to a million dollars more over a lifetime than a high school graduate. But there are two trick words in that sentence. First, you have to graduate from college, a feat that barely half of those who start college currently achieve within six years. Second, the high economic returns to education are an average. Actual salaries of college graduates vary enormously because of career and life choices, skills, geography, fluctuations in the economy, and plain old luck.

Bill Bennett stated of higher education, “ The higher amount you put into higher education, at the federal level particularly, the more the price of high education will rise. It’s the dog that never catches its tail.” Bennett asserts that while the prices of education are rising, they are not going to start falling as a result of, the amount the government puts in (Student Loan Quotes, 2015). The average student leaves college with an average of $35,000 of debt. With this debt, students have to put off major life decisions such as starting a family or buying a house, for the reason that their debt has accumulated from their college years (Protective). Parent’s advocacy and smart money planning in earlier years, students could overcome the amount of college debt.

“The cost of college education today is so high that many young people are giving up their dream of going to college, while many others are graduating deeply in debt.” by Bernie Sanders (College). As the famous candidate for presidency says, college education may serve a greater purpose, but the increase in unpayable debt is an issue for young adults who have a hard time in finding a reasonable payment plan when student loans exceed the living costs. Student debt has exceeded from 2003 to 2012 by 20% (Caldwell). If one would take out a loan for 10,000 US dollars by now it has grown to double that amount. How can anyone pay that much without getting a bad credit score? This continues as we can take a closer analysis of the bar chart below. Picture one shows us a bar chart of the trending increase in student loan (Lee). For younger adults the amount of student loan being taken by high school graduates has increased by almost 33%. In total, the amount of student loan increased from 2004 to 2012 is almost 400%. This is why most high school graduates heavily rely on parents because not one eighteen year old has the resources to lead a stable life. The young adults cant break away from their parents because they cannot pay off these debts. Most of these debts increase because none of them can be paid on minimum wage so a large monetary deficit appears in the student 's balance. In picture 2, we can see the balance between of the major loans being paid (Lee). HELOC means home

All through high school one always wonders why certain courses have to be taken. Thinking certain courses are a waste of one’s time and how it takes 12 years just to receive a diploma. Sounds crazy to think half of one’s life is spent in school preparing to receive a better understanding of education. During graduation, walking through the stage makes one along other proud and accomplished of all the efforts that took place. This not only helps one become more educated and aware of the things going around them, but helps become financially stable with a job or other necessities in life. Therefore, high school should be mandatory for students at least till there are 18, and not to drop-out.

Student debt is at an all-time high. Many college students and recent graduates may find themselves asking: "what's the point?" Why go to college if there is no guarantee of a great job, but you are almost certainly guaranteed to graduate with high levels of debt? But take a careful look at the statistics. While the unemployment rate for recent four year college graduates is 6.8%, the unemployment rate for recent high school graduates is nearly 24% (Webley 2012). Of course, there are many other reasons to go to college, such as personal fulfillment. But for those who are considering not going to college because of economic concerns, I advise you to think in the 'long term.'