“Her quaking knees gave way under her. She moaned and sank down, moaned again. Through the great heaviness that submerged and drowned her she was dimly conscious of strong arms lifting her up. Then everything was dark.…
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…
It’s bad enough trying to survive taking out loans for four years of schooling, but what about the students that want to or need to further their education in graduate school? The debt alone makes students stray away from furthering their education or have them wait a couple years to gather the income they need to attend grad schooling.…
“In Debt We Trust America” was an incredibly eye-opening video for me. Family and friends constantly warn me of the dangers of debt, but I was unaware of just how much of a problem it is. For me, one of the most informational, or perhaps motivational parts of the video, was the portion on students in college. Constant increases in college tuition are putting a more drastic burden on college students and their families. In the video, it mentioned that the…
Well, that young adult now has debt. Debt from college is not a very uncommon thing, actually, it is very common amongst many young people after college. “Seven in 10 seniors (69%) who graduated from public and nonprofit colleges in 2013 had student loan debt, with an average of $28,400 per borrower. This represents a two percent increase from the average debt of 2012 public and nonprofit graduates,” (ticas.org). Debt directly after college is not a fun thing, and depending on how long someone had been away at college, the amount of money they must pay can change. Carol Hostetter, Sabrina Williamson Sullenberger, and Leila Wood say, “In this version of the American Dream, anyone can go to college IF they have the resources, are ok about going into debt, can somehow get the coveted scholarship, are willing to go to community college, or come from a family of…
From personal experiences, many people can concur that colleges is expensive and even after earning a degree can leave a person in debt for a long period of time. Although, financial aid such as grants, loans and scholarships are given to those; many of which, doesn’t apply to everyone. Most of the time, people with unfortunate backgrounds such as low income students have their community college pay off, but a handful of people don’t…
As a senior in high school you most likely know if you want to go to college. What you don’t know is how much debt you are going to be in years after you graduate from college. Low income students receive some type of aid, but it is not enough. Colleges tell you that they will pay for your education if you…
The story of student loan debt isn't too often talked about, students don’t take it too serious like they should. College students that barely have time to work spend four years thinking about the student loan; how it will affect their life after college; how they will manage to pay it later. Seven in a total of 10 seniors that graduated back in 2015 had a student loan debt average of $30,000. It had increased 4% comparing to 2014 graduates. Within the years, student loan debt has grown at twice; America colleges graduates are lucky if they have some money left to pay the bills, or even to eat regularly. Every year the debt is increasing, but when this will stop? "I believe we have a higher education bubble," says Derrick Handwerk, managing…
Student loans are the leading cause for college debt. The reason that they have to take out loans is that they are from a family that can’t help pay or they are unable to pay for college. Most time the debt is a hard thing to avoid because now many colleges prices are extremely high and many family are unable to afforded what the college want. The lower class is the one that are the most affected by the rising cost of college debt because they come from families that have low incomes and is harder for them to pay for college. Not paying for your debt is not a good thing to do because you can lose credit and make it harder for…
About half of all students (49%) graduate college with a total debt count of over 30,000 dollars in student loan debt alone. When you add all this debt together, college graduates and students have a total combined debt of approximately 1.2 trillion dollars. With that much money at hand you have to wonder how these students can manage to buy a house, car, or start a family once they have graduated and pursued…
College debt is a nation-wide phenomenon that many Americans face. Unfortunately, this country is facing over 1 trillion in student loans from dropout students or graduated students who owe money from their years of education. The financial crisis has caught many Americans by surprise and this problem will only get worse if this trend continues. Despite the fact that college debt is increasing, fortunately there are several solution to this problem.…
By the time you’re finished with the first four years of college, you’ll probably have around 30,000 dollars in debt. That’s only for a bachelor's degree. Students in medical school usually finish with 180,000 dollars in debt, while law school students have an average of 100,000 dollars of debt. Coupled with their undergraduate debt, and how they’re doing financially, the cost could be sky high in the end. College used to be much more affordable in the past, but by this point, the cost of college has tripled, and students are deciding to skip out on college because they think the cost isn’t worth the reward. The problem is that it is worth it. Only 69% of high school graduates decide to enroll in college. That means 31 students…
The issue of student debt affects so many people worldwide on a day to day basis. As of 2015, student debt is more than $1.1 trillion dollars (Cook, 2015). This crisis of student debt that has risen overtime has caused major debate and discussion to families, policy experts, and politicians (Cook, 2015). As a result of trying to attain a career, students that are not financially capable of supporting their education and have no choice but to acquire student loans that will in turn become student debt. The impacts of student debt are seen to affect each individual differently depending on their financial and mental status. Additionally, the type of college each student attends will determine how dramatic their debt will be (Cook, 2015).…
based on representative data, seriously underestimate how much student debt they have. A significant share of undergraduate students do not understand how much they are currently paying for college, what type of loans (subsidized or unsubsidized) they have accepted, the current interest rate connected to their loans, or how much debt they are taking on upon graduation. With the average college tuition cost rises yearly with more students accepting more loans then what are essentially necessary its only getting worse. It is reported that tuition and fees have climbed thirty-percent faster than health care costs and four times (about a three-hundred percent increase) the rate of inflation since 1980. Yet, the government continues to provide more than half of all federal student loans and receives on average very low repayment rates in return. The process to receive student loan money, from the initial application to the disbursements of the loan, is in nature quicker and much more simple then the application to attend college itself. Students incur debt up to three times the tuition rate owing back in excess the amount of receiving another bachelor’s…
This year the average college student will graduate with at least $20,000 in student loan debt (College access and success). For years higher education has been worshiped with God like influence as a way to escape poverty and attain a career and live the American life. With the rising college tuitions it has become increasingly harder for the middle class to afford college and reap the benefits. Seven out of ten students, will have a burden over their shoulders for years to come as to how to repay the debt. Debt is no respecter of persons: business owners, single parents, teachers and seniors to this day are still constantly bombarded with debt.…