The Price Of Attendance Of Universities

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

Along with the average tuition increasing, so has the average income of Americans. In order to afford college tuition, student loans, financial aid, and scholarships come in handy for the time being. Unfortunately, American’s who have finished college still have a load of debt to pay off for many years after graduating. Americans are spending money they don 't have to finance educations they are not sure are worth it. In some cases, students who find jobs right out of high school are left without college debt, but also without a degree. On the other hand, many people who attend college have large college debts yet have a decent

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.

The student debt is rising higher each year. When students do not have enough money to go pay for college,

In 1976, the average cost to attend a four year public university was $2,175; today, the average cost to attend a four year public university is $25,000 (Snyder). This means it is 1150% more expensive to go to college in The United States today than it was 30 years ago. This obviously would create a problem on how we as people are going to pay for our higher education. Today college has become almost a necessity to have a satisfactory life, and with these rising prices some individuals believe student loans are the only option. There are many reasons as to why the prices have risen, but the one undeniable fact is that this has created a problem within our country. Which, is known as the student debt crisis, and it has been on the rise the past couple years. This problem is affecting people all around the United States, and is causing multitude of problems for them all because they wanted to pursue higher education. Wanting to better your opportunities by bettering yourself is not something that needs to be punished, and sadly that is what is happening. This problem is something that needs to be fixed for the sake of Americans and our economy, but will also take time and a multitude of steps to correct.

The increased costs of tuition and fees are making it more difficult for individuals to attend college, and they are being forced to drop out, having a major impact on graduation rates. Data stated that was stated in FACT SHEET on the President’s Plan to Make College More Affordable: A , Better Bargain for the Middle Class (2015), “The average tuition at a public four-year college has increased by more than 250 percent over the past three decades, while incomes for typical families grew by only 16 percent” (“Fact Sheet”, 2015). This is causing major stress and becoming a burden on the finances of the student and their families. In order to attend college, a large percentage of students will have borrow money because of

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.

One of the major causes of student debt rising is the current trend with colleges in competing with opposing universities in providing unnecessary luxurious lifestyles. This raises college expenses way more than it is worth. Unfortunately, this makes even the lower universities cost too much for people in the lower class, making them have to borrow money to get the education they need be successful. If colleges just made changes that were more necessary for the students than adding

For many in the middle class student debt has a strong and relentless grasp on their economic future. In their article "Why Free Higher Ed Can't Wait" Jeje Biola and Belinda Rodriguez state that, "Student debt has reached a record total of over $1.3 trillion" (6). This has left many people wondering where this is coming from and wanting change. This number is just too high in the minds of the average American. In the last few years free college tuition has been a hot topic in American politics, as recently as the 2016 presidential race. Candidates such as Bernie Sanders and Hillary Clinton proved to be a huge push for free tuition. The raising college tuition rates effect all Americans in some form or fashion, so support is quickly rising especially

Student debt has become a large (and growing) problem. The high levels of student debt have served to perpetuate economic inequality, minimizing the opportunity of higher education. In a speech this year, President Obama called higher education "one of the crown jewels of this country" and said it was "the single most important way to get ahead.” The long term impact of student loans have given students every reason not to want to attend college, including myself. That alone has the potential to harm colleges and universities across the country. The Consumer Financial Protection Bureau said student debt is one reason that people between the ages of twenty and thirty seem to be living a prolonged adolescence, or living with their parents.

Due to the high cost of many colleges and universities, students are forced to borrow more and more money each year to pay for their education. The reason that student loans are so crippling to students is because the interest rates are very high. Students often take multiple years to fully pay off their student loans and this can negatively affect them when they make important life decisions such as buying a house or car. I believe the way to solve the issue at hand is to increase taxes for the rich in order to reduce interest rates for student loans in order to stabilize our economy and decrease the amount of debt college graduates are faced

Not only does a high price tag discourage many from pursuing a degree, but it can affect unemployment as well. The Baby Boomers are reaching an age where retirement is an option and will leave the workforce up to the younger generations. This will be a big blow for the economy if America does not increase participation in the workforce. Unemployment will increase tremendously if the output of college graduates isn’t reaching needed levels to balance the shift out. The amount of student loan debt is at $14 trillion and is continuing to increase. There are 44.2 million American students who have an average $37,000 in student loan debt. Student loan debt can impact major financial decisions for the student whether it be to purchase something like a car or house. Seeing the hefty price tag of a college education can deter many from pursuing a degree. Paying off college can be a real struggle if the student is not from a wealthy family. Some families can’t even provide food to feed themselves. Everyone should have the opportunity to pursue a higher

Of all of the hardships facing college students in this day and age, debt one of the greatest. There is a trillion-dollar debt that United States' students are drowning in, and it has become not only a burden on the shoulders of those who have the debt, but in fact, every taxpayer in this country suffers because of this debt. We, as a county, have created the concept of "free money," specifically when talking about loans, credit cards, etc. Without immediate consequences, it is not an immediate threat to those who obtain it. This "free money" can be directly attributed to inflation and a rise in the price of a collegiate education. My parents, who graduated from college in 2001, are still agonized with paying off their collegiate debt. I do

The rising cost of tuition has lead to more and more financial problems with students causing them to take out more loans and go deeper in debt. Highscool graduates are skipping college because of the extraneous stress of financial problems that it causes. College is a necessity now a days to get a job, but college is also one of the biggest causes of debt. A college graduate has tons of money in debt but when he graduates he gets a mediocre job that cant keep up with the interest rates on the loans. The problem of student debt will only be solved by loan forgiveness, more financial aid, and students being more educated on loans.