Throughout most of our life, people have been told that if they go to college and set our goals, they will achieve a prosperous future. Nowadays, High Schools are teaching students that they need to go to college in order to succeed in life, which is in fact highly inaccurate. Colleges have been around since the 1600s and through out the years, the cost for college has increased dramatically. Bernie Sanders quoted, “The cost of college education today is so high that many young people are giving up their dream of going to college, while many others are graduating deeply in debt.” That certainly proves that graduating from college does not provide any guarantee of a financial lifestyle. In fact, most college graduates end up unemployed. In the
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Each year the cost for college rises and the student loan debts only get steeper. There are people who feel like they have been ripped off by colleges and paying the loan for 10 to 20 years is not worth it. “Forty-five percent of people who are no longer in college and have student loan debt said that college was not worth the cost. Of those who said college wasn’t worth the money 38 percent didn’t graduate, 69 percent had trouble making loan payments, 78 percent earn less than 50,000$ per year, and 43 percent did not get help from parents when making financial aid decesions” (Consumer reports). When it comes to paying off college loans, the struggle is tragic and catastrophic. In fact, it is proven that it usually affects those who attended college. After people leave college, student debt impacts them in variety ways, emotionally and at times physically. In the Consumer report, it is said that 44% cut back on back day-to-day living expenses. This is a very big con because they would have to cut off on food (at home and away), savings, clothing, and entertainment which is a huge drawback just to pay for student loan debts, not to mention paying for other bills such as: water and electricity. Twenty-eight percent delayed buying a house and fourteen percent changed careers due to student debt. Once college becomes too expensive and the debt only gets worse, students tend to drop out or change their degree plan. The college struggle is real. “The graduating class of 2015 left school with average student loan debt of over $35,000” (Edvisors). Statistics from the article, Is College Worth the Cost, mentions that, “17 percent of student borrowers who are desperate may never dig their way out” (Edvisors). Debt has been a very big issue for students because they are not able to pay their debts and feel like they only have two options, which are: dropping out or changing their degree
Each year the cost for college rises and the student loan debts only get steeper. There are people who feel like they have been ripped off by colleges and paying the loan for 10 to 20 years is not worth it. “Forty-five percent of people who are no longer in college and have student loan debt said that college was not worth the cost. Of those who said college wasn’t worth the money 38 percent didn’t graduate, 69 percent had trouble making loan payments, 78 percent earn less than 50,000$ per year, and 43 percent did not get help from parents when making financial aid decesions” (Consumer reports). When it comes to paying off college loans, the struggle is tragic and catastrophic. In fact, it is proven that it usually affects those who attended college. After people leave college, student debt impacts them in variety ways, emotionally and at times physically. In the Consumer report, it is said that 44% cut back on back day-to-day living expenses. This is a very big con because they would have to cut off on food (at home and away), savings, clothing, and entertainment which is a huge drawback just to pay for student loan debts, not to mention paying for other bills such as: water and electricity. Twenty-eight percent delayed buying a house and fourteen percent changed careers due to student debt. Once college becomes too expensive and the debt only gets worse, students tend to drop out or change their degree plan. The college struggle is real. “The graduating class of 2015 left school with average student loan debt of over $35,000” (Edvisors). Statistics from the article, Is College Worth the Cost, mentions that, “17 percent of student borrowers who are desperate may never dig their way out” (Edvisors). Debt has been a very big issue for students because they are not able to pay their debts and feel like they only have two options, which are: dropping out or changing their degree