Student Debt Research

Improved Essays
Student debt has reached its highest at over more than 1 trillion; passing credit card debt. One can wonder if college outcome is beneficial enough to repay the debt one might or might not be in. To begin, education is important regardless of what price. Also, college allows you to receive a better wage than someone who does not continue a post-secondary education. However, money is not always the most important factor. The skills you learn and inherit are what makes you different than anyone else regardless of their educational choices. At the same time, many have claimed that getting a four-year degree can be a bad choice. Some might think that college can lead to high debt, have low graduation rates and not an appropriate wage for the amount …show more content…
In a study done by Jaison R. Abel, they compared the wages of someone with a high school diploma,with an associate degree and those with a bachelor degree. This study concluded that those with a bachelor degree earned 56 percent more than someone with a high school diploma. Also, Jaison R States, “ In the period between 1970 and 2013 as a whole, those with a bachelor's degree earned about 64,500 per year and those with an associate’s degree earned about 50,000 per year, while those with a high school diploma earned only 41,000 per year”.
Furthermore, college is always going to be a good investment money wise.
At times, I think to myself why is college tuition highly expensive. Can it be that they need more or they want money? In the article colleges shouldn’t be blamed for high tuition by Farish D states that at times it is not the college's fault. College is not meant to be seen a negative way, but in a sense of a better life. Farish is trying to tell us that college is not affordable due to the wages that do not allow us to meet our needs. Future students should not be discouraged from applying to certain colleges based on tuition and that they should be applying for financial aid. Also, Farish D states,” yet a significant part of college affordability rest not with colleges themselves, but with an economic structure that, in the absence of policy to the contrary, defaults to a situation in which
…show more content…
According to Marc Joseph, 59 million people hold a bachelor degree. Joseph also states that 68 percent of the student graduates continued to go to college. This shows that our young individuals have an interest or want to go to college. This percentage should be considered high because some might not apply to college because of high tuition. This shows that people do want to get educated regardless of the situation. Also, Joseph believes that college should be free because it just doesn't help us personally but our economic system. He thinks that college should be free just like high school. In the article college is too expensive for 75% of U.S. parents by Brian Connell, states that parents have to sacrifice to send their children to college. In this article, they completed a survey of parents who want their children to go to college. To begin with, 75 percent of parents said that they want to send their children to college but are not sure if they could afford it. Also, 81 percent of parents believed that college is very important to their child's future. This article shows that parents are willing to do anything as long as their children go to

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