Persuasive Speech On Student Debt

This is a school of which I feel proud to be a part. I have had fantastic times here and have found myself growing intellectually, socially and emotionally in way in which I could never have predicted. Despite this, I am deeply troubled by the issue of student debt due to the cost of tuition, both within Wayne State University (WSU), and within the country as a whole. I feel that this is an issue, which affects almost every aspect of student life and taints the overall experience of college. I write to you in order to discuss this issue and to encourage the support of necessary changes in the ways in which our students relate to their loans and, as a result, their overall college experience. So what can be done about this crucial problem? …show more content…
While it may seem like a small drop in the ocean compared with the apparent size of the problem, I would argue that, were these claims to be allowed, they would have a significant effect on the student loan problem and that they well prove to be the most effective way of dealing with it. First of all, allowing for bankruptcy does not automatically write-off loans and does not lead to an idealistic situation in which people attempt to make revolutionary demands for free education. The current system simply cannot support it. Secondly, it would require relatively little change to the system involved. Some argue that it would necessarily create a more competitive and expensive loan system. However federal government could regulate this if the will was there and if enough pressure was put on by those involved in academic positions and those attending universities. Simply put, allowing bankruptcy claimants means changing the system very little but would prove to be hugely effective helping people deal with debt that they have taken on (Block & Dugas, …show more content…
If those who genuinely need help with their debt and have no chance of paying it off were to be able to declare themselves bankrupt then they would be able to start their lives again and cease being punished for the volitions of the economy. Equally, if prospective students knew that, if things became so bad that they would need to apply for bankruptcy, They would be able to do so, then it much more likely that more students who greatly wish to go to university but who do not feel that can consider would do so. This is surely a benefit to all. Political change can be initiated by a large group of people with the will to do so, and as such I encourage you all to write to local senators and school boards and begin campaigning for this basic but hugely important