Essay On Higher Education Debt

Many would agree that a higher education is important, and the clear majority of today's career positions require a college degree. Every career has different levels of a higher education that are necessary, and the responsibility of which college works best for each person is ultimately a decision based on their needs. Some students are fortunate to qualify for Pell grants, scholarships, etc.; while other students come to college to improve their future environments. However, the question remains of how far in debt do students need to go to earn that higher education. Some good news is that currently students have many options to manage that higher education debt. Although for many the only way to finance one's higher education is through student loans. Two right solutions for a student’s higher education debt are to utilize the income-contingent loans or provide tuition-free college education.
At a young age many people are instilled with the dream of graduating high school, continuing onto college and then pursuing their dream career. While in some schools, students are being taught college is an important step to achieving a career goal …show more content…
Therefore, with public tuition-free colleges more people may have the opportunity to attend college and gain a higher education. The lower demographic community would be able to receive the same opportunity that the upper/middle class would have. The need for public assistance could lessen if more people didn't have to start off in higher debt or stay in a low-income job. No students would be harassed or haunted by the thought of the overwhelming debt because no students have defaulted on the higher education loans. Those who decide to pursue careers in a public service may not receive a high income and would benefit from lower monthly payments until the loan is paid back. When borrowers earn a higher income, the debt is paid back