Preview

Solutions To Student Debt

Good Essays
Open Document
Open Document
543 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Solutions To Student Debt
Student debt is becoming an increasing issue for many adults and young Americans. Over 1.3 trillion owe in student debt. Truth is, presidential hopefuls like Hillary, promise us a solution for student debt, but instead all they do is present students with these speeches containing false promises. As this problem continues to grow Americans may question if their college education was worth it. We are taught in high school that we are guaranteed to be successful by going to college and getting a degree, but most teachers fail to mention that not only are you not guaranteed work, but you also end up tremendously in debt due to student loans. The first problem is, the emphasis on the need for everyone to have a college degree. Society preaches that with out a college degree you will end up going no where in life, while that statement may hold true to some, others find it a joke. According to the U.S Bureau of labor statistics there are over thirty-five high paying jobs that do not require you to obtain a college degree. Some of these jobs are, First line supervisors of correctional officers $57,840, Real estate brokers 58,350, Adjusters examiners 59,960, Gas plant operators 61,140, and Gaming managers 65,220. Aside from that list some You Tuber’s who did not attend college are making over 100,000 a month. Some individuals may think that this is little pay; although that is a valid point, these jobs do not require a degree and pay higher than other jobs that do require you to have a degree. Secondly, banks are lending …show more content…
Miller, and Mark Thompson. "But Can America Afford This Approach to Solving Student Debt?" MAS Ultra - School Edition [EBSCO]. N.p., 30 Nov. 2015. Web.
Gordon, Marcy. "Rising College Costs Saddle Students with Postcollege Debt." The Rising Cost of College. Ed. Ronald D. Lankford, Jr. Detroit: Greenhaven Press, 2009. At Issue. Rpt. from "U.S. College Students Buried Under

You May Also Find These Documents Helpful

  • Best Essays

    Sweetland, Edwards H., Altman Alex, Miller Zeke J., and Thompson Mark. But Can America Afford This Approach to Solving Student Debt? Vol. 186. , Time, 2015, pp. 92-99. Academic Search PremierAccessed 2 Feb. 2017.…

    • 96 Words
    • 1 Page
    Best Essays
  • Satisfactory Essays

    The College Debt Trap is written by Janet Bondar. It is a entry on the yes' and no's of college tuition and payment, as well as a couple tips and tricks . This entry by Janet B. is somewhat diverse and will be divided into three different parts. An over all interpretation and opinion of the writer of this analysis will be understood by the reader at the end of this entry. The author of The College Debt Trap is giving very helpful advice to teens and their parents about considering college.…

    • 254 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Bernie Sanders Tax Model

    • 1136 Words
    • 5 Pages

    “Seven in 10 seniors (69%) who graduated from public and nonprofit colleges in 2014 had student loan debt, with an average of $28,950 per borrower. (Student Debt and the Class of 2014).” Presidential hopeful Bernie Sanders has a very audacious idea that could possibly fix this growing problem. Sander’s unique charisma, reminiscent of the sixties, is reinvigorating young voters who are very fond of his plan to pay collage tuition. His idea deals with economic concepts such as, the government’s fiscal policy and Keynesian economics ideology that plays a big role in the policies of democrats. Sanders idea sounds almost too good to be true; that is because it is. Bob Davis, senior editor at the Wall Street Journal, and Josh Mitchell, staff reporter…

    • 1136 Words
    • 5 Pages
    Good Essays
  • Better Essays

    Wilson begins with stating a possible “…national crisis: Student loan borrowing that is threatening the financial future of today’s college students” (256). In other words, Wilson’s statement issues that student loans are beginning to get out of control. On the other hand, many other people borrow an acceptable amount of money, are able to repay it, and become a better person by getting a college education. According to Wilson, “More often, the problem among students who go heavily into debt is that they are determined to attend their dream college, no matter the cost” (257). Wilson’s point is that it may be the college itself that is In Robin Wilson’s article A Lifetime of Student Debt? Not Likely, Wilson compares on how even though student loans can get out of control; they do not have to affect the rest of a person’s life. Wilson begins with stating a possible “…national crisis: Student loan borrowing that is threatening the financial future of today’s college students” (256). In other words, Wilson’s statement issues that student loans are beginning to get out of…

    • 1432 Words
    • 6 Pages
    Better Essays
  • Good Essays

    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…

    • 180 Words
    • 1 Page
    Good Essays
  • Better Essays

    I owe $40,000, I owe $60,000, I owe $100,000. Isn’t that a lot of money for one person to owe? Graduates have been faced with a serious problem brought about by the constant borrowing of money to gain a reputable education. The debt of loans varies from person to person but the extreme amounts that individuals owe is something the media finds worth gossiping about. Little does the public know, in reality, all the commotion and conversation about these debts are not accountable for the majority of college borrowers. According to A Lifetime of Student Debt? Not Likely by Robin Wilson, she intrigues her targeted college audience by giving examples and providing awareness that most individuals are paying back their students loans within a timely manner with just a few sacrifices. Wilson emphasizes that the real reason individuals have an outstanding debt is because “they are determined to attend their dream college, no matter the cost” (257). There are various reasons why students take out loans and Wilson is determined to clear up the confusion of student debt, she encourages college students to take out loans even with media’s negativity, and lastly she tries to enlighten this targeted college group that debts are repayable with additional sacrifices but in the end, that debt was the best decision they have ever made.…

    • 1997 Words
    • 8 Pages
    Better Essays
  • Good Essays

    Cited: Wilson, R. A Lifetime of Student Debt? Not Likely. Gerald Graff, Cathy Birkenstein, Russel Durst.…

    • 724 Words
    • 3 Pages
    Good Essays
  • Good Essays

    “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…

    • 607 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Student Debt Research Paper

    • 2359 Words
    • 10 Pages

    The Project on Student Debt (2007, September). Student debt and the class of 2006. Berkeley, CA: The Project on Student Debt. Retrieved November 20, 2007, from http://projectonstudentdebt.org/files/pub/State_by_State_report_FINAL.pdf…

    • 2359 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    Not all students should go to college because college can often cost more than it is worth. College tuition has risen at a significantly higher rate than inflation in the previous generation. With student loan debt having passed one trillion dollars recently, one must ask…

    • 894 Words
    • 4 Pages
    Good Essays
  • Good Essays

    “It’s just extremely disappointing and aggravating to have paid all that money and have nothing to show for it other than debt.” proclaimed Michelle Polyakov, an English graduate from Drake University. Polyakov obviously feels that college is not worth the cost and that all someone has to show for the education is debt. College has been deemed, by some, that it is not worth the cost because of the financial loss, the future job security, and the need for “blue collar” jobs. Finances, job security, and the need for manual laborers are all major factors in the debate of college and its cost. The reason being is because not all people are meant to go to college, or their situation just isn’t ideal. College is a privilege, and not every job requires you to have a higher form of learning, but most do. By viewing the debt of a student after graduation, the job security of graduates, and the need for manual laborers, one can infer that college is not worth the cost.…

    • 955 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Out of all the students that go to college more than half of them are in debt after graduating. In high school all you hear your senior year is “you need to do this in order to go to college”, “you need a degree to get ahead”. You work 12 years to get a diploma and then get told that in order to go “further” or “do better” you need a degree, but what they don't tell you is that you will most likely be in debt for the rest of your life.…

    • 517 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Forgiving Student Debt

    • 862 Words
    • 4 Pages

    As Graduation comes near we all like to believe that our careers begin debt free behind that glass door, we turn the knob and all our extensive work will have paid off. When in fact, the glass door shatters and the student faces reality of paying back student loans. There is little dispute today that the number of students who have student loan debt has increased.…

    • 862 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Student Loan Debt

    • 1126 Words
    • 5 Pages

    After adjusting for inflation, the cost of tuition has more than tripled between 1973 and 2013. The slow recovery since the recession has accelerated this increase substantially and this reality forces students to take on staggering debts. The average debt load is near $30,000 and is the equivalent of a new car. This is compared to 20 years prior, where students typically graduated with debts amounting to $10,000 on average. This suggests that the decision on tuition costs does not have the students in mind. This is, even more, apparent in a private institution where a “winner-takes-all” society dominates. Competing intuition choose to maintain and increase quality by spending excessively, not by increasing efficiency, reducing costs, or reallocating…

    • 1126 Words
    • 5 Pages
    Good Essays
  • Good Essays

    College Tuition

    • 795 Words
    • 4 Pages

    In today’s society, college has become less of an option and more of a necessity. College is required for many various professions, and the cost of tuition seems to have a lasting effect on many Americans. Although having a college education will help someone receive higher pay and become more successful, the stress of college debt is taking a toll on graduates. Most college graduates will be paying for college loans for many years after they graduate. The continuing rise of college tuition is also hindering many people to have the desire to attend college. Like anything, education has its cost and it doesn’t come cheap. The average college student graduates with a minimum of 30,000 dollars in debt ("College Costs:…

    • 795 Words
    • 4 Pages
    Good Essays