How Does A College Degree Cause Significant Debt

Ask yourself a question, is college worth it to you? If you answered no then in this case it will be beneficial for you to read this. When thinking about college you have to think more about what you want out of it rather than what you have to do to get through it. The skills that you get while attending college can be very beneficial to you. Having the critical thinking and advanced communication skills that you acquire in college. Getting a college degree and bringing what you learned to the real world will benefit you in your quest for financial success.

In today's world many people question or education system and question whether or not the cost is of college is worth it just to continue your education. Although you inquire a lot of debt in college. Getting a degree is almost necessary in today's job market because most jobs require one and jobs that do not require a college degree are getting harder to get, as the unemployment rises. Therefore a college degree is worth incurring significant debt. Earning a college not only provides you with job security and provides potential for greater lifetime earnings.

College is supposed to be the memory of a lifetime not just an experience. College is about getting out and meeting new people from all over the world, learning how to live and do things on your own without having your parents telling you to do your homework or study for a test, but most of all college is for you to go and make your dream come true by getting a degree and making something out of your life. College may be expensive, but if you believe in your goal, then the cost shouldn’t matter.

When opportunity knocks you should always open the door. College is a great opportunity to garner success from a secure career. Furthermore, college or university education is worth the debt you will accumulate from it. If you're still weighing your options, consider this, "Lifetime earnings for college graduate are substantially higher than the earnings of someone without a college degree," (Source 4, pg. 13). Getting a higher education is not just good for you, but its also good for your bank account. On the plus side, it is easier for you to live a better life, and if America ever hits a recession you will be in a better position to support you and your family.

You probably already knew that higher education leads to debt. If you don’t do something about it, you will have to deal with having to pay money for years. Chances are that you are not thinking about your future yet. I understand if you haven’t thought about your future yet. Here’s how I know you probably haven’t thought about it because many of my colleagues have told me that all they thought about in high school is about their girlfriends or boyfriends and not about their college education. Therefore, I’m giving you advice because many past and current college students have been in the same place you are right now. The future may seem far away, but time passes by in a blink of an eye. In no time, you’ll be applying for the college of your dreams. As I researched, I found that most college graduates are left with at least

Sometimes a college degree does not pay off as one might hope, and sometimes the competitiveness of certain schools or programs make the cost issue even more prominent. When all is said and done, college might lead to debt and the shattering of dreams. Hence, the resounding question is, “is college worth it?” The answer to this questions is even more daunting for today’s average family and prospective high school graduates.

The hot topic amongst people entering college is student loan debt. With the average debt at tens of thousands of dollars, many people shy away from college, or at least do not get a full degree. As a result, many politicians have preached plans to make college free, and thus bring an end to student loan debt. However, those on the other end of the spectrum find themselves hindered in jumping aboard the free college mania, because, after all, nothing is free, everything comes at a price. And as they soon learned, what a price indeed. In fact, in order for the universities to pay staff and accommodate the student body without tuition being on the shoulders of the students, state taxes would have to be increased on the entire taxpaying population.

An estimated 20 million Americans attend college each year, and 60% of those students borrow annually to pay for it (qtd. in asa.org, “Student Loan Debt Statistics”). Moreover, citizens continuing to pay off debt after schooling brings the overall number of student-loan-borrowers to about 40 million- with a collective 1 trillion dollars in debt (McCarthy, “10 Fun Facts About the Student Debt Crisis); a fourth of these borrowers owe over $28,000, a tenth owe over $54,000, 3.1% owe more than $100,000, “and 0.45 percent of borrowers, or 167,000 people, owe more than $200,000” (Haughwout, “Grading Student Loans”). While some view this predicament as the result of laziness or carelessness, the bulk of this substantial group are not at fault.

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

Applicants with a trade school diploma already have both the know-how and hands-on experience to attain a job, at the entry level, that pays a significant amount.

These statistics mean that college student have to do part time jobs in school and still be gather debt. To figure why this is happening we will need to go back to the how of college loans got to be this way and look at a couple different thing.

Even though college gives students the oppurtunity to increase their earning potential , and gives more employment possibilities college is not worth it. The amount of debts most students have upon graduating and receiving masters degrees serves as direct evidence to support my statement. Americas student debt amounts up to 1.2 trillion dollars in total, yes 1.2 TRILLION which comes after billions. While college does give student’s the oppurtunity to increase their earning potential , and more employment possibilities, college is not worth it .

Although millions of college students graduate each year, many of them are not successful after their education. Many jump in without knowing what they want to do and at the end once they have their degree they realize that it wasn’t what they wanted. Now they have thousands of dollars in debt and a degree they dislike or a degree so common it earns them but a dollar or two more than a high school diploma would. Some can’t even find job, yet they have the burden to pay back student loans, but what if we as students did not have the burden of debt? Would that make a difference? Could pursing a second degree be more feasible without the burden of expanding your debt? Student loan debt and high cost of education has become a huge issue in this country, they are deterring individuals from pursuing a degree, at times prolongs their education time frame and more often than not we are left with a huge debt to pay. I believe this deterrent is gradually affecting the number of innovators in our country. How can we fix this?

Many students see college as the stepping stone to a successful career and a happy life. Which can be true for some, however, many overlook whether college will actually help them succeed, or if college will truly be right for them. College is expensive and it is not for every kid who graduates high school, although it is marketed that way, high school graduates must think critically about their decision. Should I take some time away from school, to know myself better? What do I intend to do for a career? Am I more interested in educating myself toward things that interests me now and discovering my major as I learn, or do I feel I know what I want to do? And also essential questions like, how much debt will I go into? And can I

High school students are often stressed how important college is and how vital it will be for their future, but students often wonder if the thousands of dollars spent to further their education is worth it. According to the New York Times, “Student debt, meanwhile, has topped $1 trillion” (Leonhardt, 2014). Having that much in student debts, often questions individuals attend college or to join the work force right out of college. There are a lot of advantages of attending college as well as disadvantages of attending college. As an individual, you have to be the one to decide if it will be worth it or not. Some may view it is not worth all the debt in the long run, whereas some think it is worth every penny in the end. I have always had strong values when it came to education, therefore I think college is worth every penny.