Argumentative Essay: Current Student Debt

Current student debt is an all time high and it’s only getting worse. Current federal student debt is at 15 billion dollars with over 3 quarters of new jobs needing a post-secondary education. Though, it’s an asset having a diploma in your back pocket, not many can afford a college or university education as tuition costs continue to rise. Nevertheless, student debt not only affects student’s wallets but the mental state of mind of the body as well as the economy and the after-life of one. Even though debt can be paid off later, if tuition and fees were to be reduced, students wouldn’t have to stress about paying them off and could focus more on their studies as well as focus on making big purchases to benefit their futures as adults. The economy would be better than ever; students could focus more, resulting in more graduates and jobs.

In B.C, it’s estimated that over 3 quarters of new jobs require a post-secondary education. This is similar for the rest of …show more content…
In Ontario, 273,614 students borrowed money from the government during the 2011-2012 school years. An article written by Micheal Tremolgie posted on the Main Street journal states that student loan debt is one of the major sources of stress for young adults. With current student debt at 15 billion dollars in Canada and 1.2 trillion dollars in the United States, student loan debt is bound to take a huge toll on hundreds of thousands of students. These amounts of stress can consequence the emotional state of mind of one. A survey conducted by the National Longitudinal Survey of Youth in 1997 found that those who had higher amounts of debt attained from student loans displayed higher levels of depressive symptoms. Katrina Walsemann from the University of South Carolina says “They follow you for the rest of your life until you pay them off”. Resultantly, student loan debt can take an emotional toll on one which can lead to the loss of focus on one’s