A Lifetime Of Student Debt Essay

813 Words Feb 13th, 2016 4 Pages
A Lifetime of Student Debt? Not Likely – revised FINAL COPY Many people would agree that our country’s young adults continue to incur a lifetime of debt by enrolling in college. In a way, it has become an acceptable understanding that if you plan to attend college, you might as well expect to graduate with a monstrous amount of debt. Problems with student loans suggest they are very real and can be life altering. Robin Wilson, a reporter for the Chronicle of Higher Education, wrote an article, A Lifetime of Student Debt? Not Likely. “Of the 65 percent of graduates who face debt, the average they owe is around $20,000.00, however, about a third of graduates leave college with no debt at all for their education” (Wilson 257). Publisher of FinAid, Mark Kantrowitz declares that more often, the problem among students who go so far into debt is that they are determined to attend their dream college and do “whatever it takes” (258). Anthony P. Carneval, director of Georgetown University’s Center on Education and the Workforce, agrees that “[d]ebt is the very best way to pay for education because you’re shifting the cost forward until you’ll be earning more money. He states that “[i]t’s really a good bargain” when “[y]ou borrow cheap money” (260).
Some feel less hopeful about the value of borrowing, yet “the only thing worse than borrowing is not borrowing and not going to college” (Patrick M. Callahan, president of the National Center for the Public Policy and Higher Education…

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