The student debt in the United States alone is in the trillions. According to Forbes and the Federal Reserve Bank of New York, the student loan debt is between 902 billion and 1.2 trillion (How). Since the economy took a plunge in 2008, a big issue is that not enough graduates are able to find job opportunities that can help pay off their debt, and on top of that support themselves independently. “Americans who received bachelor’s degrees in 2008 were roughly twice as likely to be unemployed after a year than were their peers who graduated in 1993 and 2000…(Inside).” The supply and demand of employment is slim and fiercely competitive. Of those that had the opportunity to get a job, 27 percent of them reported that it was unrelated to the degree…
In “Do the Benefits of College Still Outweigh the Costs?” economists Jaison R. Abel and Richard Deitz dive deeper into the quest as to whether or not college is worth it. The authors use graphical charts to display the statistics of data based research and measure the costs associated with obtaining a college education by looking at two major components. The first are direct costs, such as tuition. The second are opportunity costs, the amount of money that could have been earned by working instead of going to college. This article notes that a key consideration in assessing the costs “lies in the declining fortunes of those without a college degree”. After putting the full set of costs and benefits into account, readers are informed that a…
In conclusion, after examining the advantages and disadvantages of a college education as it relates to student loan debt, it is very clear that there are more benefits of a college degree over the course of a lifetime; however, without the proper planning, it may not be for those who have incurred tremendous debt. Additionally, student’s ability, major, and lifetime expected earnings are significant when weighting the investment. The return on the investment has been well-documented in prior research. I agree that there are numerous benefits of earning a college degree due to my own educational background.…
College is a place where people go to find themselves and figure out their future steps. Going to college allows someone to see how the real world will be. College also brings many benefits and promises to oneself and even family. in addition to the promise of a higher salary, college offers a myriad of benefits to students who participate in the academic experience.…
The article presented by Taylor, Borden, and Park is a topic that I have begun to analyze in an effort to identify current themes with the policy design of dual credit programs. More importantly, this examination lends itself to the possibility for a policy analyst to provide recommendations for policies that serve in the best interest of stakeholders that are directly impacted by dual credit programs. The article evaluates how state policies address the quality of dual credit courses and presents five research questions regarding state dual credit policy as follows:…
An even larger reason people have begun considering alternatives to college stems from the mass amount of debt students have accumulated. Pew research polls have found that the majority of students graduate with a substantial amount of debt, and nearly half of graduates reported that this debt has interfered with paying other bills. Poor credit scores and high debt prevent recently graduated students from buying houses or cars, accessing insurance or other necessities. In Wieder 11, Peter Thiel, the cofounder of PayPal, states that college debt is “a mistake that’s hard to undo for the rest of your life.” Countless people spend years of their life trying to pay off student debt after taking out loans for entirely unnecessary degrees. Leonhardt…
Dedicated students work hard to have good GPAs. They stay awake late doing homework and projects. These students always participate in class, and turn work in on time. As well as dedicating a lot of their time to school, making A honor roll or A&B honor roll through all the four years in high school and receiving awards based on their dedication. Even after doing all of this, when they become high school seniors, they have a giant problem ahead of them: How do I pay for college? Students whose families live in bad conditions do not have the extra money for college. They only have enough money to pay for the necessities such as rent, bills and clothes. This leaves these students who have the dedication, motivation, and work hard without any…
I am currently attending a diverse public school at Early College High School. Early College is inside of Horry Georgetown Technical College, so we are required to take college courses. When I graduate from Early College, I will receive two years of college and an associate's degree with no funds. In Early College, every student is required to take an AVID class. This class is ascertained with students that they are ready to handle college, current classes, and career fields I am interested in. Early College gives students to make the most out of students success in my future career.…
FIDM is nationally known as a private college. That allows students to pursue their career in fashion. There are a total of four campus locations. Altogether they all offer some of the same opportunities. However, becoming a student to any campus can result in coming out in debt or even huge amounts of stress. Although FIDM has such high expectations for its students it also adds to the many issues we already face. Allowing students to live up to their greatest potential.…
In modern day society, only 65.9% of kids go to college. This means only 65.9% of kids are able to get college benefits. Going to college is a requirement for certain jobs. When graduating high school, the choice to go to college or not is available to every student. Kids who go to college are more successful in life because they can get higher paying jobs, they learn how to become independent, and they live a healthier life.…
There are many benefits to attending a community college and these are some of the benefits I feel that I have gotten from my school. Community College has given me the opportunity to receive a quality education for a reasonable price. The teachers here care about me and want to see me succeed in all that I do, while also encouraging me to strive for success in achieving my dreams. My advisors know of my goals and want to see me achieve them. The smaller classes make it easier for my professors to be able to work with me one on one. Another benefit of attending a community college is that I was able to join Phi Theta Kappa and hold leadership positions on campus. I am able to apply for scholarships through Phi Theta Kappa, and also work on…
In discussion of colleges importance, one controversial issue has been on how much it really matters. On the one hand, college supporters argue that college is very important and can help one achieve a prosperous future. On the other hand, college detractors contend that college is a waste of time and not useful in the long run. My own view is that college can be useful when people use it in the right way; to gain a degree, and not just to party.…
Now more than ever, students are graduating and beginning their careers with considerable student loan debt. While everyone knows how important it is to save for retirement, many wonder whether they should attempt to pay off their student loans before they start investing. Legacy Financial Group, a financial planning firm serving clients throughout the Granbury area, understands that this is a difficult decision, and is here to offer some insight.…
The tuition is not the only thing that makes college expensive. Coming from high school where I walked to school and was given free lunch, I find myself now spending money daily. During the peak heat of the summer is when I make most of my money due to my jobs being seasonal and I am able to coast through the winter without working, but that is only because I live cheaply in the winter months. Now that I am spending more I will have to pay more attention to my money and create a budget. It is important to start tracking my money, showing my savings account more attention, packing peanut butter and jelly sandwiches instead of Taco Bell and making friends help with gas. To prevent stress maybe I will try to work over the winter. The most important…
College is optional. Linda has good points on why you shouldn’t go to college, but it’s the student’s choice to go or not to go. She is suggesting to students that there are the same or more opportunities without a college degree, than there is for students without a degree, which is not correct in most cases.…