Pros And Cons Of College And Student Loan Debt

Many people believe that a college education is a worthy investment. The ability to become a college graduate will result in making more money. There are more jobs in today’s society that require college degrees. College graduates develop more and better employment opportunities within earning a degree. Self-discipline is a major element in becoming a successful graduate. Also, college graduates are healthier and live longer. Adults-young and old, male and female-who have a bachelor’s degree or higher have twice the annual median income than someone with only a high school degree ("Do college graduates," 2014).

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.

Recent high school students are debating whether to or not attend college, should consider the benefits of attaining a college degree. For many low or middle income students, this a route to gain opportunities to improve their economic circumstances. An article, “Pathways to Prosperity,” states in 2008, workers with bachelor's degree make about 65 percent higher than high school graduates and workers with associate's degree make about 73 percent more than high school dropouts.. This is evidence obtaining a college degree can be an opportunity to have earnings higher and significantly increase one's income.

As it is heavily believed and statistically proved by Document A, Earnings and Unemployment Rates Based on Educational Attainments (2015), the higher the degree earned, the more money attained, similarly the higher the degree earned, the lower the unemployment rate. This proves the worth of college by giving numerical comparisons of those who invested in it verses those who didn’t. The median weekly earnings of $1,730 from someone with a professional degree put up against the $678 from someone who only graduated from high school shows a very obvious difference. This information greatly supports the decision of going to college by displaying the “in the long run” advantage of college through the amount of money you can make in the future with the degree you earn

On the end of the Democratic Party, both Hillary Clinton and Bernie Sanders presented comprehensive plans to help eliminate student debt, although they vary on how to deal with the cost of education and how much the government should pay (Josuweit, 2016). Clinton created the “New College Compact,” to address both the current and future educational costs, her main focus on addressing existing debt and allowing borrowers to refinance student loans at the rates allowed to students taking out new loans, which Clinton claims would provide to relief to twenty five million borrowers (Josuweit, 2016). In addition to this, Clinton wants to reduce interest rates on new student loans which would facilitate enrollment in IDR plans (Josuweit, 2016). On future tuition, Clinton claimed she would provide help so that students never have to borrow to pay for tuition and other fees attending a four year public college in state (Josuweit, 2016).

College is not just a choice, it's the beginning of a lifelong journey, one that will shape and determine future choices, decisions and purposes. A high school graduate tends to have no background of job experience or any essential skills to work at a decent company. Throughout the years, America has always debated whether higher education helps people succeed or if needed, but with that come along many risk and benefits for state funding.

Student loan debt can be an overwhelming thing to face when you first graduate from school. You have spent the previous three to seven years or all the more focusing on your future attempts and now wind up toward the finish of your scholarly street with a heap of obligation and searching for a vocation.

“College is part of the American Dream, it shouldn’t be a part of a financial nightmare for families” - Barbara Mikulski, United States Senator. Student debt is a rising issue in America; 43.3 million students are in debt at this moment, and this number increases every year. In other developed countries, education is free or low cost and works well economically. Countries like Germany, Sweden, Australia, Denmark, and France have extremely affordable college tuition, so what do these countries do to make education so affordable? What do American politicians and citizens find wrong with free or lower cost college education? How should America go about solving this issue and follow other countries footsteps? Just how bad is America’s student debt

Debt is at an all-time high in America and is not slowing down any time soon. One of the biggest problems students face coming out of high school is debt. From credit card companies urging them to buy to trying to figure out if college is worth the price, young adults can easily fall into a debt trap. I came from a middle class family and had to make the decision to go into debt to pay for college or not go to college at all. I choose to go into debt and although I will receive a degree when I graduate I was not properly educated on exactly how much money I was borrowing and what that actually meant.

In conclusion, while going to college can create debt for some students and may not be the right choice for others, the benefits of going to college provide a large number of benefits. There are many solutions, attracting students to college is one way to get students to pursue in a degree and stay. Other ways they attract students is through money, that they state practically hands to students but students choose not to take it and go other directions. Results show that getting a degree gives a person more money and better health in the future. People can decrease the debts and loans they collect by aid such as local, federal, merit, and corporations. Places that give people aid encourage those to go to college because these places

College is a bad investment if students do not get a good-paying job after earning the degree. According to a researcher, “Although the unemployment rate of college-educated workers has remained well below average, there is mounting evidence that recent college graduates are struggling to find jobs.”(Deitz). Getting a degree doesn’t guarantee that an individual is going to get a job immediately after graduation. It’s very difficult for college graduates to find a job right after their graduation because there is so much competition out there due to the fact that the number of college students have increased drastically .An individual invests so much just to get a college degree and ends up with debts that have to be paid after he or she secures a job. If students do not get a high salary job after the degree, they will not enjoy life, as the little money earned will be used to pay back loans.

Loan contracts come in all kinds of forms and with varied terms, ranging from simple promissory notes between friends and family members to more complex loans like mortgage, auto, payday and student loans.

College is an expensive investment for any student. Although college puts many young people into debt, a four year college graduate is said to make 84 percent more than a high school graduate, according to the O.E.C.D. (Porter) Now that college degrees are almost a must for finding a good

Imagine you are at a car dealership ready to buy your dream car. You ask the salesman how much it costs and quickly realize you might have to go without your dream car for a little longer. You also ask if you can take out a loan for it and receive a strange look from him and a giggle. “No, unfortunately not” he responses still giggling. Now imagine you are in a financial aid office at the college of your dreams. You ask the financial aid director how deep 4 years will dig into your wallet and again realize you don’t have enough money. You pop the question once more and are surprised to hear they offer loans at “very low” interest rates. They also tell you they can pay for absolutely everything including your food! These 2 scenarios are both practically the same but the outcome is different. Why is it so easy to get a loan for college but the complete opposite for everything else? Teenagers can sign off their life after college, before even going to college! Student loans should be avoided at all costs and should not be taken out by anyone.

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.