Money For Complete A College Degree

College tuition prices are rising and so is the amount of student loan debt. To many students getting a good education to start off their future is very important. With the rising prices of college tuition, often many students have to get a student loan in order to pay their way through college. Student loans are there to help one out, but can become a huge burden to one. Although student loans come with a lot of responsibility, if one plans a way to pay it off the loan can be very helpful and stress free.

People are wanted to hire people that have college degree more than people without college degree. Also, they are less likely to lose their jobs of recession. College grads usually are happier with their job because they are according to financial advice column are more likely get health care coverage and other benefits through their work.

A great deal of students turn to college loans to help pay for their many college expenses. A study conducted by CNBC displayed that 59 percent of student’s graduation from a public four-year institution had student loans. After graduation many students found themselves under “student loan pressure”- meaning it will take years of them working in order to pay the debt. Students will invest thousands of dollars towards tuition, housing and textbooks and may be paying the school back for years following their graduation.

College graduates tend to make more money than high school graduates. According to the Economic Policy Institute, “College graduates, on average, earned 56% more than high school grads in 2015” (Pay Gap Between…). Although, this stat might not be for everyone it is for the majority of people. Jobs tend to pay higher if the person has a college degree than if one did not. To be successful people might have to spend money to make money. If someone spends thousands for college for 4 plus years, but in return they are making 56% more money than a high school graduate in the long run it will be worth it. They will have a lot of debt and student loans to pay, but once they pay it off they will start catching up to high school graduate in profit quickly. Many jobs would rather have someone with a college degree than one with just a high school diploma. The stats prove that people tend to make more later on than someone who goes straight into the workforce.

If you get a degree in college the unemployment rate is 4.5%, if you just get a diploma for high school the unemployment rate is 11.3% percent. Getting a degree in college boosts your chances of getting in the job position you want. Imagine a situation where you and someone else are applying for the same job. You have a diploma and the other person has a degree in that line of business, guess who the employer will pick. The career options are a lot larger

When it becomes time for someone to pay off their student loans, it can be a long, complex, and strenuous process. Attorney Heather Jarvis, a specialist in the field of managing student loan debt, graduated Duke University School of Law with a total of $125,000 in loans. “Four-year college graduates continue to experience far less unemployment and earn higher salaries than those with only a high school education… But higher education is expensive and scholarships and grant aid has failed to keep with the rising tuitions.” Says Heather Jarvis. This shows that yes attending college is beneficial to people and their futures, but with tuition continuously rising year after year, colleges have failed to keep increasing the scholarships and grants they give out, which in turn causes many students to end up taking out loans, which if they don’t manage right can have endless effects on their future. “In the United States today, there are approximately thirty-seven million student loan borrowers who together owe more than one trillion dollars. Seven in ten college seniors who graduated in 2012 had student loan debt. Those who had student loan debt owed an average of $29,400.” This is why it is so important to constantly monitor one’s loans, because they can pile up very quickly and suffocate you with debt when you finally get around to paying them.

College is very expensive and many cannot pay for their tuition upfront resulting in them taking out student loans. Federal student loans are the second largest category of debt in America equaling nearly one trillion dollars, which is a substantial amount compared to credit card loans. While going to college and having the money looks good in the future, there are also a handful of loans to payback in the end, depending on how much the individual received in aid, scholarships, whether they are commuting or living on campus, and the cost of tuition. You may end up going into your job in debt. Many student loans usually give you six months after you graduate to start making payments, so if you don’t end up finding a job in that amount of time you may end up having to make high payments without even having a pay

Today, there’s an issue that has been weighing college students down. The problem is student loan debt. This is the highest of all debt, passing up auto loans and credit card debt. There is approximately $1 trillion in student loans in America and the number is growing every year. It has been said that most of the student’s in debt were dropouts and graduate students, but now has broadened to students still working on their degree. Is getting a degree worth the financial burden?

The American dream perceived by many is to obtain a college degree to have a successful life. However, many people cannot afford to go to college and are left no choice but to get a student loan. Student loans are intended to help students pay for a higher education, but is it worth the risk of being in debt? The dictatorial definition of debt in the Merriam Webster’s dictionary as a state of being under obligation to pay or repay someone or something in return for something received (“Merriam-Webster”). A borrower is disadvantaged from the beginning of his or her career due to being bombarded with payments. In many cases, people drop out of school or are struggling to find jobs while they owe thousands of dollars in

To make things worse, if a student were to get a bank loan or financial aid, they would still have to pay the money back along with interest. In the end, a school loan can end up costing a person more than the college

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

Student loans can be considered good debt because the money you’re borrowing to attend school is your ticket to earning a degree and getting hired at a well-paying job. That debt should pay itself off over time with a lucrative career in place(Loan Hero). In this theory college doesn't always mean success College is a tool to lead to towards a career. As of last month, 8.1 percent of Americans aged 20 to 24 years old remain unemployed — a bad sign for undergraduate and graduate degree holders unable to find work and pay down their debt.(Loan Hero).Most or a good amount of employers are looking for experience to go in with this schooling which sometimes can be confusing if no one will hire you how can you gain experience.Over all the theory is college debt will be payed off with the rewarding career you might attend but nothing is certain not even with higher

Having a college degree can give you a bigger chance at even starting your career in the first place. Unemployment is a big problem in the U.S, and a degree can give a person some more reassurance as to whether they can get a job or not. According to the article “Is it worth it to go to college?” by Allison Linn “ The unemployment rate for people with a bachelor’s degree or higher was 4.5

Not having to be a full-time employee, while also being a full-time student, is a positive aspect to loans. Also, beginning to learn how to apply for loans and paying them off at a younger age could be very effective to future financial success. On the contrary, not paying for college with loans will allow you to be student loan debt free. In 2013, the average college graduate owed $28,400 in student loans, while numbers across the nation exceeded $30,000 (Bidwell). Chandra Wilson from Brainy Quote said “When the time came for me to go to college, there was only one scholarship that my high school offered at the time and I didn't win that one, but that didn't stop me. I went on to college anyway. I worked my way through it and paid my student loans for 11 years.” In 2016 the average student loan debt soared to $37,172 which is roughly $10,000 more than three years prior (“A Look”). College tuition rates are steadily rising and, in turn, so is the national student loan debt. Moreover, with a high debt cost, the number of years to pay back, with interest, is also soaring. Mrs. Wilson took at least 11-years to pay back her student loans which is about the national average time span (Brainy). These shocking statistics are on the up rise and with college expenses rising every year, students need to be more aware of how they

The benefits of a college degree are not just for money, but also a college degree will also give a person more career options. A person with a college degree will have more career options than someone without a college degree because employers will see that one has a college degree and think that person knows what to do and can do the job well. Employers want the best person for the job and a college degree looks really good on a person’s resume (Ten Great…). In a survey that was casted to see what employers look for, those employers said that they wanted people that have dependability, reliability, a good attitude, the ability to read comfortably, the ability to think more consciously, computer skills, and the ability to communicate clearly whether it be spoken or in writing (Knowledge and…). Along the path of getting a college degree, one will also learn these skills and attributes.