Student Debt Benefits

Student loans is the second highest source of debt of $2.1 trillion dollars in the U.S. economy right now. This student loan debt is not only affecting the entire economy as a whole. In America, people believe that earning at Bachelor’s degree is the key to success in order to be financially secure be set in life. However at the same time, the cost of tuition has skyrocketed, and the borrowing of loans rise with it. The rising of student loan and debt will reduce consumption, lower investing, lower the rate of home ownership, and overall make it difficult to sustain financial stability.

Ana Lucia Urizar, author of the article titled We’re Being Punished by Crippling Student Debt presents the argument of Student debt and the importance of remedying this topic otherwise face future detrimental effects. Urizar provided statistics suck as the average amount of loans in dollars the class of 2015 had taken out. Ultimately, Urizar’s main argument is that something needs to be done about the exorbitant cost of attending college because it is impeding graduates’ careers, standard of living and ability to fully engage the economy. This argument does well providing strong statistics found through credible sources such as The Wall Street Journal, however, the article failed to provide a counter-argument or different viewpoint regarding

College debt can have a crucial and long-lasting impact on students’ futures and life choices. Student debt lowers their credit scores and affects their future financial wellbeing, inflicts mental health

1). It is hard for many college students to pay off their debt so they take loans out to help them but taking those loans out causes more debt because of their inability to pay the debt they already owe. Student loan debt can effect people through different types of loans like federal and private loans. Student loan debt also affects the economy. It effects the economy by reducing business growth, suppressing consumer spending, lowering credit scores, increasing interest rates, and making it more difficult to save for

Many Americans believe they can not graduate college debt free. They, in turn, take out student loans that in the long run will cause debt to pile up. Many statistics show the negative effects of student loans. This helps prove the idea that student loans are, in fact, are a major factor of high levels of debt. Also student loans and debt can be avoided with financial aid programs along with grants and scholarships.

Outside forces, such as debt, take a toll on scholars as they try to proceed in life, making that desired place they are going off the beaten path. Due to the financial demands that colleges stress on students, college debt affects physical and mental health, home zlife, and much more than what meets the eye. The

The Financial Cost of a College Education The cost of a college education has become a determining factor in whether or not people choose to continue their education after high school. The cost of college is so expensive that very few people are able to pay for their education “as they go”; students are being overwhelmed with student-loan debt. The prospect of student-loan debt shouldn't be driving people away from a college education. The cost of a college education in the United States is unaffordable.

Jobs available without that degree, are beginning to disappear and they are almost non-liveable wages such as serving up fast food or checking out groceries; which really adds an incentive to attending college. In contrast to that, those with a college degree make almost $18,000 more per year than those who are without one. This is a big gap, that can possibly keep extending in the next few decades. With that higher annual income, comes the debt on the side. It may not seem worth it , but eight out of ten people state either ‘it is already worth it

For many people, college is an important key for their future. Some people go to college for the job opportunities and the new windows it can open. Others go just for the education and experience. A good education is beneficial from many different viewpoints; in truth, it is a possibility that one's adult life could be much harder than people care to think. One can have better wealth, is less likely to be unemployed, and a much higher chance of being closer to your family.

According to Andrew J. Rotherham’s article “Actually, College Is Very Much Worth it. ”he states, “Meanwhile, in 2010, the unemployment rate was 9.2 percent for those with only some college and more than 10 percent for those with just a high school degree, but it was 5.4 percent for college graduates.” The data Rotherham provides shows that even with some college education, you have a higher chance of getting employed than those with just a high school degree. The one group that outweighs all the others is the college graduates proving that with a college degree unemployment is less likely to befriend people who do pursue college. Some people might say that there are loads of jobs that do not require a college degree, especially in this time and age.

Loans allow receiving a college education seem like a smoother process considering that such a hefty amount to pay is divided so that it can be paid for in moderation. Despite the fact that it’s split into many payments, it’s still a large quantity all in all so unless indebted students aim for high income jobs, there would many years of difficulty to come after college. For this reason, undergraduates make it their goal to go after jobs which would prevent them from being constantly pressured to pay off debt. Thus, student debt is both a crisis and a reason to encourage persistence towards greater ambitions (Hillman, 41). It is a tremendous thing when a student seeks to be financially comfortable or even rich in the future but not when it is for the wrong reasons.

, “Experts that have researched the performance and job success of college graduates have concluded that, nationwide, college graduates with a bachelor's degree earn 74 percent more per year than those who only complete high school.” This seems very logical when you look at the big picture, having furthered your education will open you up to more jobs that that require more education that will most likely pay more. The University of North Texas in their article “Why Go to College?” shows a graph from The U.S. Census Bureau that shows a professional degree could earn you around 4.4 million dollars compared to less than a high school diploma could earn you around 1 million dollars for a whole worklife. Seeing

There is an ample amount of information that leads people to believe that college is a great choice. In Source F, it is shown that, “Adults who graduated from a four-year college believe that, on average, they are earning $20,000 more a year as a result of having gotten that degree. Adults who did not attend college believe that, on average they are earning $20,000 a year less as a result.” Also, provided in Source F, “...55% say it [college] was very useful in helping them prepare for a job or career.” While these statistics are true, the negatives still outweigh the positives.

It is easy to think college is not worth the cost to become better, but getting educated makes people better, and happier in the future and sometimes even in better health (Leonhardt 25 ). Becoming a better and happier person is good for everyone. Even former President Obama says “‘Education helps us be better people. It helps us be better citizens. You came to college to learn about the world and to engage with new ideas and to discover the things you 're passionate about -- and maybe have a little fun’”

Recent studies on adults who didn’t attend college show that ”Two-thirds of those who do not end up enrolling college believed during high school that college was in their futures, but realities like the high price of college often impeded this goal”(Rebecca Klein). In other words tuition costs, low GPAs, and the fear of college being to difficult, petrifies high school seniors into not even applying for colleges. Therefore colleges would benefit those scared to apply by lowering tuition costs and/or lowering standards. Regardless of your excuses to not go to college, you should want to better yourself and in doing that find college alternatives. In order to have a higher paying job, have your dream career, and have more job opportunities ,you should attend a college that you would benefit from.