Post-Secondary Education Should Be Paid

Americans owe more than 875 billion dollars on student loans, which is more than the total amount that Americans owe on their credit cards. The reason such an inflated number of people request student loans is due to its exorbitant cost. Therefore, post-secondary education should be paid for by the gouvernement. Seeing as the price is so prohibitive, paid education would permit an easier financial situation to certain families, a better mental health and would prevent debt at such a young age.
First of all, the cost of university or college is often too expensive for low-income or large families. For one, tuition fees vary depending on the program and/or school. According to College Board, the average cost of tuition and fees for the 2015–2016 …show more content…
To start, students simply do not have time to work (for the funds needed), do all the coursework and attend all classes, as well as get the required sleep. According to UGA Student Affairs, adults need between eight and ten hours of sleep. As a result of sleep loss, there is large risk of more illness, more stress, weight gain, decreased academic performance, increased mental health issues, such as depression and anxiety, fatigue while driving, and overall lack of coordination. To further explain, the lack of sleep could affect their performance in school, jeopardizing their final grades and potential degrees. As a result, university and college students tend to not have the mandated amount of sleep so that the brain functions properly. Based on a poll done by Samina Sultana, with the University of Toronto, 46% of students confess getting six or less hours of sleep a night, while 35% get six and a half to seven hours of sleep. Only 19% of student get seven and a half to eight hours, while an incredulous 0% of students get the required eight to ten hours of sleep. Eventually, the performance rates of students could only be dwindling. Lastly, as the lack of sleep gets to the students, they get overwhelmed and use life altering methods to attempt to solve their current situations. Due to stress and anxiety, 6 % of undergraduates and 4% of graduate students in 4-year …show more content…
In the first place, student loans are more than common in the lives of university and college students. As stated in a report by The Institute for College Access and Success, 66% of graduates from public colleges had student loans, 75% of graduates from private nonprofit colleges had student loans, and, 88% of graduates from for-profit colleges had student loans. Thus, student loans are nearly inevitable. Also, the interest implied with a student loan makes for an unforgettable amount of money to repay. As reported by Business Financial Post, the interest rates depend on the borrower. By way of example, they claim that undergraduates have to face interest at around 4.29%, whereas graduates and professional students have to face with an interest rate at around 5.84% to 6.84%. In other words, rates depend on the borrower and add insurmountable amounts of debt. As a final point, paying off the debt is one of the bigger challenges life has to offer. Debt accumulates and eventually becomes an immense climacteric time in one’s life. According to CBCNews, paying of student debt, in Ontario, with a minimum wage of $10.25 will take approximately 708 hours. In brief, with an average minimum wage of $7 worldwide, it will take approximately 1036 hours to pay off student loans. Although the hours vary depending on how much money you have to repay, it will take around 86 full days of work to pay off student loans, without taking note