Persuasive Essay On Saving Money For College

College isn’t free unless you win a full ride scholarship, which is really hard to get. To get a full ride scholarship, you have to meet the requirements which include an 800 score on the SAT and/or 36 score on the ACT. Winning a full ride scholarship is one option to stay out of debt while you’re in college. Another way to stay debt free is to start saving up money every week or at least every now and then while you are still in high school. Saving up money, doesn’t have to be boring, get out, offer to help and start planning your future. If saving money is hard for you, try saving at least one dollar everyday, every dollar you’re saving will make a difference. If you ever receive a financial gift, make sure to save up every dollar of it. Most importantly, put all the money you receive in a savings account so that you won’t be tempted to spend it on unnecessary

President Obama also announces a new program that will lower monthly loan payments for some students graduating next year. The government tries its best to ease the stress off of those paying back debt. Although the government has made programs to help those struggling to pay back their debt, it is also one owns responsibly. When taking out a loan for college one should have a plan as to how he or she plans on paying it back. By getting a side job and managing your money in order to pay off your debt, it will take away a lot of stress. Obviously the best solution to avoid debt right after graduating college is to avoid a student loan or any loans.

Because of the nation’s national rising debt, student loan forgiveness has been a significant topic of debate because of how much it can affect our nation’s debt and doesn’t always help the student. Student loan debt is one of the highest debt causes, but sometimes we forget that we are the ones that sign the line on the contract to be in years of debt. This is because we value our education. But this does not mean that just because we can’t find an amazing, high paying job right out of college that we should have our loans forgiven. We want the easy way out of something that isn’t easy, so why should the government pay for our debt? Yes, college is very expensive and that is the governments fault, but again we are the ones that signed the line on the loan papers. (Sam Adolphsen, 583)

To have a hope for the future, we first have to start now. Education is vital to success. However, some Americans cannot afford the education they deserve. Some are not even given the opportunity to express their individual rights. The United States as an overall country has great potential, and we should use that to help ourselves as well as other countries.

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.

Unfortunately, with furthering your education, student loan debt is almost guaranteed. My husband is seven years older than I am, so when I graduated high school and chose to get married instead of going onto college we lived in his small house that he had. Shortly after getting married, we found out that we were expecting our first child. I knew that we would grow out of our first home quickly so we began the process of getting a new home. We found out that no credit is worse than bad credit. We were blessed that by putting down a decent down payment by selling his old house would help us to be able to obtain a loan.

Being debt-free may seem like an impossible dream but with the right information and plan of action, you can eliminate student loan debt and live life the way you've always dreamed of.

There is over $1.2 trillion of student loan debt in the United States.1 Consider these ways to save money before college, rather than burdening yourself with debt afterwards.

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

With the average student loan debt being almost $30,000 for people fresh out of college as of 2013, it’s no wonder that many high schoolers around the country are worried about whether they will be able to pay off their student loans. Most are desperately trying to get scholarships and grants in order to try and remove the burden that is student debt off their shoulders. Others are going to cheaper, local, community colleges, whether temporarily or for their whole degree, in fear of these student loans.

If you can live frugally for just a few years and avoid spending your loan money on unnecessary purchases, you will have much less of a student loan balance when you graduate.

According to the website, The Institute for College Access and Success, 69% of all public school college graduates in 2014 had an average of $28,950 in student loan debt. In other words, the majority of people that attend college turn out to have tens of thousands of dollars in debt by the time that they graduate. That statement is completely mind boggling. Considering that college is quickly becoming a requirement to obtain any job at all, let alone a reasonable job, there needs to be options to assist students to not only attend college and earn a degree, but stay out of debt as well. There should not be such a large amount of young adults in America forced into debt due to college being necessary to obtain a decent job. In order to succeed in forcing students into debt, the majority of colleges and loan departments pressure these students into taking out loans that they do not actually need by misinforming and neglecting important information the students and their families. (Asher)

Ever think you need to take out a student loan to attend college? Most people think they can not attend college without taking out a student loan, but you actually do not need to take out a student loan to attend college. If you save your money and use it smartly, you can pay cash for college. Most students that take out loans can’t pay them back, and end up dropping out of school. You don’t need a student loan to attend college, you just need to be smart with your money. Saving your money can help you be able to pay for college without a loan. If you start saving while you’re still in high school you will be able to save a lot of money for college. Also, if you don’t spend your money on stuff you don’t need you will be able to have a lot more

Once highschool ends, you will think you are already done with school, and you can finally be free, and you are kind of right. However, your college education should not stop at high school, as high school only teaches you a few things. Going to college will teach things outside of just learning some basic math and writing formats. College will prepare you for life as well. By going to college, you will earn more, be more employable due to your accumulation of knowledge, and you will live a healthier life. College is not for everyone, but if you prefer a secure future then it is suggested to go to college. By pursuing business without a college degree, you could lose all your money and everything you have worked for at any moment if you are not cautious. With a college degree, you can earn a decent salary with a secure job.

But perhaps there’s another way besides going into debt in order to get a college degree. From getting scholarships to studying at International Baccalaureate schools, it’s possible to get a debt-free degree. Here’s how to do it.