Do The Benefits of College Still Outweigh the Costs?
In recent years, students have been paying more to attend college and earning less upon graduation. In other words, more and more college undergraduates are taking out student loans to pay for their tuition without being able to pay back the loans after graduation. Lately, financial aid that students receive from the federal government has not been nearly enough to cover the full cost of college. This is what pushes students to take out loans. Many find themselves not being able to pay off their loans thus plummeting into an endless pit of debt. In recent years, student loan debt has reached an all-time high, with a debt load of about $26,000 per student; so the question remains-will students …show more content…
Given that, one can infer that not all majors will result in successful economic return. In general, college students pay the same tuition regardless of their major.
Lastly, going to a community college is a far more affordable path towards earning a bachelor’s degree. Students that attend a community college are commonly known to have incurred 50% less loan debt than those attending a four year institution. In addition, students also have the opportunity to work full time while attending school.
To conclude, the cost of college tuition has been rising greatly over the years, and with financial aid not being enough to cover the costs, students have no other choice but to take out loans. The question of whether students will still benefit from college or not is not an easy one to answer. Not all students will necessarily graduate with a degree that will make up for all of the money spent on college tuition. Usually, those who pursue a difficult-to-obtain degree such as an engineering, math , or science degree will receive greater economic return that outweighs the costs of going to
In recent years, students have been paying more to attend college and earning less upon graduation. In other words, more and more college undergraduates are taking out student loans to pay for their tuition without being able to pay back the loans after graduation. Lately, financial aid that students receive from the federal government has not been nearly enough to cover the full cost of college. This is what pushes students to take out loans. Many find themselves not being able to pay off their loans thus plummeting into an endless pit of debt. In recent years, student loan debt has reached an all-time high, with a debt load of about $26,000 per student; so the question remains-will students …show more content…
Given that, one can infer that not all majors will result in successful economic return. In general, college students pay the same tuition regardless of their major.
Lastly, going to a community college is a far more affordable path towards earning a bachelor’s degree. Students that attend a community college are commonly known to have incurred 50% less loan debt than those attending a four year institution. In addition, students also have the opportunity to work full time while attending school.
To conclude, the cost of college tuition has been rising greatly over the years, and with financial aid not being enough to cover the costs, students have no other choice but to take out loans. The question of whether students will still benefit from college or not is not an easy one to answer. Not all students will necessarily graduate with a degree that will make up for all of the money spent on college tuition. Usually, those who pursue a difficult-to-obtain degree such as an engineering, math , or science degree will receive greater economic return that outweighs the costs of going to