Student Loan Debt Is it worth it - 1364 Words

Student Loan Debt: Is it worth it? Many high school students are beginning their senior year and have already started to stress about how they will pay for their higher education. Although many students will have scholarships and financial aid, a lot more will struggle to pay for schooling and will have to take out multiple student loans. Many people wonder if higher education is worth the debt the country and the students are in and it is, however, there are alternatives. Thinking about the cost of colleges in The United States stresses out many of students every single day. A college cost continues to rise every single year and with that comes great struggles and stress. The average cost of college tuition†¦show more content†¦According to Walia, a good way to help with student loan debt is to basically evaluate a person’s major and if they will complete their college courses with impeccable grades and be able to easily pay off their loans with their career choice. This is by far a great idea to help with this crisis. This idea will prevent the country from staying in debt because of people who took out loans knowing they will not have the means to pay them off. Walia compared this to the idea of having to get approved for a mortgage. For people who have never attempted to buy a new home can compare this to buying a new car and getting a credit check. According to The New York Times student loan debt has almost tripled between 2004 and 2012 (Student Debt and the Economy). The federal government has also come up with a way to help students with their student loan debt which will ultimately help the country with its student loan debt. The Federal Income Based Repayment Program helps students with their debt by minimizing their student loan payments each month (Student Debt and the Economy). By minimizing student loan debt payments it enables people to actually begin their payments without struggling to maintain other necessities. Although minimi zing student loan debt payments will make paying off the debt take longer it will still help because at least the debt is being paid no matter how long it takes. Although there are manyShow MoreRelatedStudent Loan Debt Is Not Worth Going Into1335 Words   |  6 Pagesdecade student loan debt has risen substantially and is now one of the largest form of personal debt in America, totaling about one trillion dollars, with 71 percent of students who earn a bachelors degree graduating with debt, with the average amount of debt being $29,400. This topic has become a very important issue, with some people saying that student loans could be the next bubble and could do what the real estate bubble did to the U.S economy in 2007 and 2009. If student loans are becomingRead MoreCollege And An Arts Degree1456 Words   |  6 PagesWhile a substantial amount of students see the opportunity to make a fair living from earning a college degree, there are students who look to pursue their passions. Many instances people view college as a gateway into the middle class if they aren’t of the wealthy already. So they venture out to study as an engineer, doctor, lawyer, or ect, in hopes of making over $100,000 or as close to this as possible. However when arts students take on college the expectation to get paid high wages like thatRead MoreIs College Worth The Cost?1296 Words   |  6 PagesIntroduction: The U.S. is home to some of the greatest colleges and universities in the world. But with an overwhelming 1.3 million students graduating with an average student loan debt of $29,000 each and with youth unemployment elevated, the question of whether or not college tuition is worth the money arises (The Institute for College Access Success, 2013). Higher education faces intimidating challenges: continually rising costs, access and completion problems, constant changing of technologyRead MoreThe Importance Of College Education1138 Words   |  5 Pagescollege education is worth it. Many people think going to college is the ideal thing to do but there is also people who think college is not worth all the time and money. In 2016, the employment rate was highest for young adults with a bachelor’s degree or higher, 88 %. College prepares young adults for the real world and everything they need to know. Typically, college graduates have higher employment rates and have a better chance at benefits and better pay but also student loan is crippling as theRead MoreThe Ethics Of College Debt1299 Words   |  6 Pagesto get higher sources of education. Many high school students dream of attending college in order to attain more knowledge, yet so many people fail to realize the cost of college. Attending college, currently, is nearly impossible to do without being in some sort of financial debt or seeking out government help. According to the American Association of University Professors, â€Å"two-thirds of American college students graduate with substantial debt, averaging nearly $30,000 (if one includes charge cards)Read MoreIs College Education Worth It?1366 Words   |  6 PagesIs College Education Worth It? Have you ever wondered how much some of our nation’s top college presidents are paid? If not, then the CNN documentary Ivory Tower is a good starting point. The continual increase of college tuition and student loans has made headlines in the news recently, mostly because of the alarming amount of student debt in the United States. According to the College Board, in 2010, students graduated from college owing an average of $25,250 in student loans; the highest amountRead MoreIs College Education Worth It?1460 Words   |  6 PagesCollege Education Worth It? Have you ever wondered how much some of our nation’s top college presidents earn as compensations? If not, then the CNN documentary Ivory Tower is a good starting point. The continual increase of college tuition and student loans has made headlines in the news recently, mostly because of the alarming amount of student debt in the United States. According to the College Board, in 2010, students graduated from college owing an average of $25,250 in student loans; the highestRead MoreStudent Loan Crisis1592 Words   |  7 PagesStudent Loan Crisis Beginning in the 1960’s the distribution of federal and non-profit funds have given students all over the United States the opportunity to pursue post-secondary educations. Although this method has given students the ability to go to college financially, the majority of the students are not able to pay the money back when finished causing debt. Currently students in the United States owe more than $1 trillion dollars worth of federal and private student loans. Surprisingly thisRead MoreThe Suicide Among Student Debtors1333 Words   |  6 Pagesgraduated from the university with a $100,000 student loan debt and he struggled to find a job in his field. In 2007, his mother and his professor found his body in one of the labs on the campus, and the police declared that he had committed suicide. The media reported the incident and it was posted on many sites. While many expressed sympathy with Jason and blamed the student lending system, others blamed Jason and said that it was hi s responsibility to pay his debt. C. Cryn Johannsen, Founder and DirectorRead MoreCollege Tuition Or Student Loans1371 Words   |  6 Pages42% 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 s only getting worse because tuition is rising, loan borrowing continues to grow, private loan borrowing is growing, and higher education losing its trend. I realize that I have to pay for school