Lucy Moua
Reid
ELA 12
Period 4: U2SC
15 December 2016
Is college really worth it? I don’t know about you, but without a doubt, our parents and family has always lectured us from the beginning of our lives that receiving an education is the most important task. Receiving an education would be in fact, graduating out of college and with that is the key to the gate of an amazing ever-lasting career and life-long financial wealth. Naturally, going to college and receiving a degree has become a privileged essential to everyone. However, in the long run, the demand for a college degree will decrease. As the evolution of technology rises and as computers take over the position of many workers, a degree will not be as valuable as it will be. In fact, there are many who are here today and many jobs that do fairly well without a college degree. Besides, college also leaves many students with a huge ton of debts and loans that are yet to be paid off. Because some people do so well without …show more content…
Pressured at the fact there are loans and debts to be paid right after college. In fact, according to Mark Kantrowitz, a financial aid expert, about 27% of the students who borrowed money just to attend college end up graduating with debts (Kantrowitz). In 2012, 71% of all graduating seniors (1.3 million) had student loan debts from a 4-year college. To be specific, 66% had student loans from public colleges, leading their debt to be about $25,550. Seventy-five percent from private nonprofit colleges equaling to $32,300, and 88% from for-profit colleges equaling to $39,950. The average debt level for all the graduating seniors were $29,400. That is a 25% increase comparing to the total debt in 2008: $23,450
Reid
ELA 12
Period 4: U2SC
15 December 2016
Is college really worth it? I don’t know about you, but without a doubt, our parents and family has always lectured us from the beginning of our lives that receiving an education is the most important task. Receiving an education would be in fact, graduating out of college and with that is the key to the gate of an amazing ever-lasting career and life-long financial wealth. Naturally, going to college and receiving a degree has become a privileged essential to everyone. However, in the long run, the demand for a college degree will decrease. As the evolution of technology rises and as computers take over the position of many workers, a degree will not be as valuable as it will be. In fact, there are many who are here today and many jobs that do fairly well without a college degree. Besides, college also leaves many students with a huge ton of debts and loans that are yet to be paid off. Because some people do so well without …show more content…
Pressured at the fact there are loans and debts to be paid right after college. In fact, according to Mark Kantrowitz, a financial aid expert, about 27% of the students who borrowed money just to attend college end up graduating with debts (Kantrowitz). In 2012, 71% of all graduating seniors (1.3 million) had student loan debts from a 4-year college. To be specific, 66% had student loans from public colleges, leading their debt to be about $25,550. Seventy-five percent from private nonprofit colleges equaling to $32,300, and 88% from for-profit colleges equaling to $39,950. The average debt level for all the graduating seniors were $29,400. That is a 25% increase comparing to the total debt in 2008: $23,450