Should College Be Necessary For A Decent Job?

As it is, there is about $1 trillion in college debt in America. A Philadelphia Enquirer article warns that, “The average debt owed per person is $25,000 -- the highest level of student debt in the nation's history,” and that the number is increased by tens of thousands of dollars for those who go on to get higher degrees. $25,000 is a lot but the reality is that a lot of people have even more than that. For example, what if someone goes to an expensive private college and their tuition is anywhere between 30 and 70 thousand per year. In total they could be paying between 120 and 240 thousand dollars per year. The majority of the country is most likely unable to easily pay for that and could end up with extensive amounts of debt just because they went to the college that they wanted to. Student’s education shouldn’t be compromised just because the school they want to go to has a high tuition. Alarmingly, “Study after study has shown the number one barrier to attending college is the published rate of tuition.”(Lowe) The amount of student debt as a result of a school’s high tuition should decide where people should go to school. If tuition is decreased then simultaneously, student debt would be as well.

An education is one of the most important tools a person can acquire. It gives them the skills and abilities to obtain a job, earn a wage, and then use that wage to better their lives and the lives of their loved ones. However, due to the seemingly exponential increase in the costs of obtaining a college degree, students are either being driven away entirely from earning a degree or taking out student loans which cripple their financial prospects well after graduation. Without question, the increasing national student loan debt is one of the most pressing economic issues the United States is dealing with, as students who are debt ridden are not able to consume and invest in the economy. Therefore, many politicians and students are calling

College is an expensive place for teenagers our age to go, and for just now being an adult they have a lot of responsibility. As a result of this the average class of 2016 graduate has $37,172, in student loan debt, up six percent from last year. I feel like this is too much and that most students need money to pay for books and food and everything else. It is unfair how they need to do such things and do not get money to help them out while doing so.

Student loans are becoming more and more of a problem for college students all across the United States. As college tuition has significantly increased over the past years, it has become extremely common for most college students to finance their education through student loans. Tuition has become so expensive that it is almost unheard of for a student to pay for their tuition out of pocket or by working for their education part time. As the result of tuition being so high, many students often graduate from college with thousands of dollars in debt waiting to be paid off. More often than not, people do not think of the consequences of taking out so many student loans, they usually have some reasoning behind why they take out as many student loans as they do and in return do not think about the after-effects and consequences of borrowing that much money. Most people do not worry about their loans because they expect to make a decent salary after graduating and believe that they will be able to pay back all of the loans later on in life. Due to the extreme cost of college and students obligation to take out student loans, college campuses should require students to become aware of the dangers of pulling more student loans than necessary.

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

Student loan debt is becoming more and more of a problem as time goes by. Evidentially, it is only its interest fee that student loan debt is becoming known for. According to Student Loan Hero, “Student loan debt is mostly for four-year or graduate degrees (“Student Loan Debt”). Student loan debt does have effects to people’s lives, but only because they allow it to build up from not paying it. Student loan debt is not something people has to live with, but it is what they choose to live with it can be taken away nothing is permanent. Most people do not understand what Student Loan Debt really is, and the confusion it brings in people’s lives need to be distinct; this problem can simply be done by colleges protecting students from going into debt, and loan company’s should allow them eight years after graduation before putting them into debt.

Student loan debt in the United States is expanding unrestricted each year. There are 36 million Americans today, holding over $740 billion dollars in student loan debt. (U.S. 2013) The current student loan system is intended to open doors to economic prosperity for those who could not otherwise afford to go to college. Research suggests that the unintended consequence of too much available student credit is real people losing prosperity and languishing in debt for extended periods of their lives. Reducing or eliminating the availability of student loans would have a tremendous impact on improving the lives of Americans. If things continue the way they are now, American’s will soon find college, and its implied ticket to economic

According to the article “College on Credit” written in “The Economist” journal, student debt over the years has risen tremendously. In the course of 10 years, student debt has sky rocketed from $41 billion to $87 billion in 2009. Certain states decisions to increase the tuition fees to help heal their own budget troubles will only worsen this economic crisis. The article further states how borrowing will continue, if students are unable to pay the tuition. Due to limited government funds, the ever so increasing number of students wanting to borrow loans resort to private sources.

Throughout the United States, student loans have been show to drag this economy down. Student loans have been a big problem through many of the years. It has been showing a trend and it is raising and exceeding many of the debt types each year. Many problems that students that have loans cause are, “ 20 percent of respondents indicated they cannot get a loan for other items, are unable to purchase a home, and student loan debt negatively impacts their credit. 18 percent of individuals indicated they are living paycheck to paycheck, “drowning” in debt, and have a large debt load. 13 percent indicated they have a lower quality of life and are unable to afford the extra things. 12 percent indicated they are unable to save for their retirement or their children’s education and feel less secure.” Students that have

Students High in Debts Crisis "The only good thing about student loans is that the day I die my children will not have to pay for them” (Block). The problem with everyone not being able to go to college is the cost of it. Many High school graduates don’t even think about going to college because of how crazy expensive it is. Many students drop outs later on due to not being able to keep paying and the ones who do graduates struggle in paying off their student loans for years.

In America today, the student loan debt crisis has reached an astonishing 1.2 trillion dollars in debt, making it the second largest source of debt in the United States, according to forbes.com. This is due to the cut to funding colleges, which used to be 7,000 dollars for each student and after 15 years is now 4,000 dollars for each student. There are solutions that could unquestionably lower student loan debt: colleges could stop competing to have more useless luxuries, take a certain percent out of the students income until it is paid off, and more of students’ parents could take the loan and not their child. While there is no perfect solution to make this problem go away (that we know of), there are ways we can lower the astounding amount of student debt in America today, even if it is just a small piece of it.

Isn’t twelve plus years of school enough? Who needs college anyway? Working a nine to five job with no chance of a promotion would not be that bad, would it? Do not deny, this is not the desired lifestyle of most young adults. Clearly, the way to achieve a superior job and future is college. College is the most necessary tool in order to be successful in life.

In 2016, an accumulation of almost 1.4 trillion dollars of student loan debt was outstanding in America (Kess). Students from all over the nation, and the world for that matter, are going to higher education without the financial ability to do so. One of the few options for financial aid available to these prospective college students is to take out student loans to pay for the high tuition of most universities and colleges. While these loans are a modality for attending higher education, they often come with strings. Along with being several thousand dollars in debt, interest also accumulates into the total amount of the owed financial total. Until these loans are repaid the interest keep accumulating and the debt grows. With debt still affecting students negatively well after they finish their higher education, the price of college tuition should be abated.

I have read an article "Is a College Degree Necessary" published by Los Angeles Times, and was written by Mike Rustigan in my English class. The author wrote about the number of dropouts from the university because they feel that school is not the appropriate place for them to learn the knowledge and life. They just want to work with your hands, and learn a skill by itself after high school. By contrast, President Obama wants every student has the opportunity to attend college to obtain higher education. President Obama told Congress, "We expect all our children not only to graduate from high school but to graduate from college and get a good-paying job." (Los Angeles Times). After reading the article, there is the big question in my mind is: Is there a college degree necessary for success? Some people may think that not going to college will not have much influence on their life, because going to college or a vocational school, finally, people still go to work and earn money to support themselves and their families, should a college degree is not important and necessary; as long as we have the ability and effort, we will succeed. Is really very difficult to believe that a person needs a college education to succeed in life because success in life has different meanings for different people, and there are many who have succeeded , become a billionaire, but not through a whole school or class in life. Some others said that the university is not only a success, but the path

If an aspiring college student doesn’t have the necessary funds to attend school, there is another option they could use to pay for school. Student loans are a popular choice so that the student can pay for school. While this may seem like a great option for affording school, it can be a devil in disguise for many. The New York Times reports that Americans owe over 1.4 trillion dollars in student loan debt (Kelly 1). This happens when a college student takes loans with the belief that the college degree they get will help them achieve a higher salary which will in turn will help them pay off their debt. This often isn’t the case. A student takes the loans and attends school, but does not receive the salary that they were hoping to acquire from attending school. A standard payment plan for students is to pay off their debt in ten years, but according to a study conducted by US News, the average bachelor degree holder takes twenty-one years to pay off (Bidwell 1). This is a common occurrence as well, a report conducted by The Institute for Collee Access and Success shows that in 2012, seventy-one percent of college graduates had student debt (Serrato 1). The current system that the government offers to help those struggling to afford a secondary education is a flawed program that needs restructuring.