Persuasive Speech On Student Loan

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

You do not need to take out a student loan to graduate and attend college. Not for any reason at all. One main reason, debt builds faster than you can blink. It creates interest, and once you graduate you will be working for the next 10 years just to pay it off. The second is you will feel trapped, and you really will be. Once you take out a student loan it builds. For many reasons you will feel like it is okay to continue to take more money out. And you will be building interest every day. You will have 6 months from the time you graduate to start paying them back. What are the chances you’ll find a job in your degree? Or that you will even be making above minimum wage. So Amanda thinks taking a loan is okay, she graduates with $18,000 dollars in debt. She will be working for the next 10 years not spending a dime just to pay it back. Then was college really worth it? You have an okay paying job you figure you can catch up to your student debt and start paying it off quickly creating not much interest. Soon you find it hard not having any money for food or bills or a car. Then you fall behind in your payments. You become depressed and stressed out. Always feeling down like you will never live your life again being able to just go get some ice cream with your friends. It can tear you apart along with your friendships, relationships, ect. Most of all yourself, you start to feel worthless. Some think it is a great idea to take out a loan. They wind up getting a great job or have their parents help pay back the debt. They

It’s college graduation day, you’ve spent countless hours studying, wrote hundreds of papers, fail an exam once or twice and pulled a few all-nighters. As you walk across the stage remember you're now the proud owner of one of the most expensive pieces of paper you will ever own. Everyone’s always saying go to college and get a degree it will pay off later. You are told college is a time to gain knowledge and discover yourself, but those fine institutions can’t keep the lights on without requiring a hefty fee. Do you realize those price tags will hang over you and your fellow classmates for years to come. Why must graduating students face debt and hardship so young?

Student loan has been skyrocketing since 2006, and it keeps increasing each year. To make

College students graduate with an average student loan debt of approximately $37000. Of course, that's not the whole story. Millions of college graduates have student loan debts ranging from $50,000 to over $200,000.

With the cost of college so high these days it is not unusual for graduates to hang on to student debt 15 to 20 years after they complete their degree. However, this does not have to be the case. You can actually get rid of student debt in 5 years or less with a little planning.

In order to be successful in the workforce, having a powerful career there are things needed like higher education. Graduating from college is essential to finding a successful job, since more jobs are making college degree a requirement, more people are going to college. The problem is the cost of going to college outweighs the earning from the career you obtain. Very little people are able to pay for college out of pocket. In 2014, 42% of undergraduates paid for college out of pocket (Sallie Mae). The result of this is that students seeking higher education are forced to take out loans. On average, college students borrows $25,000 to earn their degrees (Alexandria). I just don 't get the concept of college tuition or student loans. It

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

Credibility: According to the U.S. Bureau of Labor Statistics only about 69.2% of 2015 high school graduates enrolled into college last fall. Imagine how much higher that percentage would be if college tuition was free.

In the U.S. students are encouraged to earn a college degree, but the cost of an education turns many away. “Driven by the allure of a decent salary with a college degree, Americans borrowed to go to school. Outstanding student debt doubled from 2005 to 2010, and by 2012 total student debt in the U.S. economy surpassed $1 trillion” (Mian, Sufi 167). There are plenty of opportunities to obtain funds for college, including one of the most common, student loans. A student loan is defined as “a common way to fund education, specifically college and graduate school, and they provide educational opportunities that you otherwise may not be able to afford” (Barr). Student debt is at an all-time high in America. Over half of all lower income

As Young teenagers become adults and start College, one issue that doesn’t seem as a big deal at the moment for many students are student loans. Young college students who don’t have the money, don’t have enough scholarship money, or family who doesn’t have the money to pay, will apply for student loans each year. They amount the student receives can vary depending on the college and what the student has achieved academically. Though interest rates are low with subsidized being 4.29% and unsubsidized being 5.84% ("Federal Student Aid" Interest rates and Fees), student loans still have a huge effect on college students once they graduate. One college graduate’s story helps explain the struggles for most students:

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.

Education requires hard work and dedication. It can prepare an individual for life in many ways although it cannot guarantee their future. Education is a gamble. In a recent study, about 44 million Americans are in student loan debts averaging over 1.5 trillion (find citation). Moreover, 45% said it was not worth it (find citation). Student loan debts have caused people to quit their job or even go part-time. Consequently, the total cost of college can equal to missing wages and advancements. With further studies, the cost of four years of missed wages from a full-time job, amount to 49,000 and 20,000 for two years (find citation). So, think about it, is it worth it? Is it worth the stress and anxiety one can obtain by not being financially stable due to student loan debts? At hand, there are many successful opportunities; it's just a matter of hard work and dedication that the individual puts in to be

As the cost of education increases, many students search for assistance to help cover that cost. That form of assistance could come from burdensome financial aid or a scholarship that provides the student with an education free from debt. That’s why I am writing you today Mr. Alan Hall on behalf of the Student Scholarship Committee, bellow we have outlined the (1) the benefits to the student, (2) the benefits to you, and (3) how you can take action to help.

“How many of you have been in the situation of not being able to afford your next meal?” … “How many of you were not able to go somewhere or do something because you were worried about how much money you will have left throughout the week?” … “Now how many you know how to actually save money while you’re in college?” (attention getter)