Essay On Forgiving Student Loans

Good Essays
It always such a difficult subject to try to put a price on education; a diploma that we will hold but could never show the hard work and dedication put in to earn that degree. The minute we receive that degree is the minute we are welcomed into the “real world”. We must begin our careers with the unfortunate baggage of our student loans to carry with us. This topic in particular is a very controversial topic, but as I currently attend college, it becomes far more easy to pick an outlook I agree on. Certain individuals pour out thousands of dollars for an education, why should they have to continuously worry about it years after they graduate? Although this topic does not apply to me, I could imagine the constant stress of owing such a large …show more content…
With endless petitions being published and forgiveness acts being made, this is a problem that many individuals are struggling with. Some can argue that forgiving student loans is “unfair” but how is it unfair when these individuals that are just getting out of school are expected to pay off such large increments of money and get in the work force. We are all very aware that this is a universal problem but we still manage to be told their isn’t enough reasoning to help out the people who truthfully need it. Wolfers mentions the idea that we should be giving this relief to people who truly need it when he states, “Why give money to college grads rather than the 15 percent of the population in poverty?”(229) which is a valid point, but poverty is inevitable. As much as we all want to believe we can save those who are struggling and cure world hunger, that goal will never be in reach. Why not give money to the individuals with potential? The people who just spent years earning degrees and are prepared to work hard because of the time and money they’ve spent on schooling. Forgiving student loans is an idea that is completely logic and it is not life we are completely diminishing all of the individuals responsibly for these loans, it’s just simplifying the process. Webley then come to a sort of happy medium

Related Documents

  • Decent Essays

    Dom Giordano tone is extremely harsh, compared to Charles Lane and Colpo. His mantra should be: “Sucker students of the world, unite! You have nothing to lose, but your student-loan debt” (Giordano). Sanders planned on only offering free tuition to people who are attending a four-year college or a community college. Many students feel like some of the classes they must take will not get them jobs that will help them pay back their student loans.…

    • 897 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    This incident will require students to rely more heavily on loans and thus become encased in debt during their lifetime. While student loans may provide assistance in finishing college, McArdleBloomberg argues “that much of the economic benefit of college is the credential, rather than the education”(McArdleBloomberg) furthering that students spend ample money and end up not learning the materials. While that may be true, students still believe in that doing well in school will guarantee a job. From that, these students will exhaust themselves through these loans and still end up with massive debts after graduation. As these students continue to be affected by their lack of sleep, their personal finance is being seeped of its hard earned…

    • 905 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    Essay On Tuition Reform

    • 1018 Words
    • 4 Pages

    Currently, the U. S. does not have many affordable colleges and universities for the population to have the privilege to attend; strive for their dream careers, and have the life people have every right to reach. Mentioned in the article “College Affordability and Completion: Ensuring a Pathway to Opportunity” from the U. S. Department of Education, “too many recent college graduates feel the weight of their student loan payments holding them back from fulfilling their full potential.” Jobs will widely expand for graduates. Except, instead of working on their dreams the graduates will end up working so hard just to pay back their education. This will motivate young adults to exceed further and have an exceptional chance in becoming strong successful citizens in the future. Furthermore, with open opportunities, confidence and strength will push people to accomplish their personal goals and lifelong dreams in their way of…

    • 1018 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    Congratulations on your admission to college, it is now one step to the outside world where you will want to be independent like your mentor. But to have a successful completion of college, you like many other students will take a loan to facilitate the academic fees and the accommodation cost. The number one problem that most college students probably encounter is the lack of funds. As much as we want to ask our parents for more money, sometimes, it is just not possible because they either don 't want to give you money, or they are too far away and don 't have cash at all. College is a demanding and busy place, but it 's no excuse for you to make a little money for yourself.…

    • 914 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    Zig Ziglar once said, “There is no elevator to success. You have to take the stairs.” College is very expensive nowadays and is harder to pay for than it was back then. College is a very hard thing to accomplish and a hard decision for individuals and their families. Even though college is worth going to, students still have to pay for college tuition, a place to live, and transportation which is all too expensive for them. Students want to go to college but the reason why that some of them are skipping, missing classes, or not even going to college is because college tuition is too expensive.…

    • 910 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    College is worth it, that is depending on each individual’s choice. Despite the ridiculous amount of debt, students need to think critically before deciding to attend college and must evaluate their financial needs and academic capabilities. College tuition has increased dramatically over the past years, discouraging students to attend even though there is…

    • 1034 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    Graduation numbers could potentially drop due to the fact that not many students will take college serious anymore. Students will still have to borrow money just to get the books they need or any other supplies that would require them to graduate, the prices of the dorm rooms on college property would sky rocket knowing that they no longer have to pay for college. No matter what you do college will never truly be free for the public unless you join a government funded program. As much as I like the idea that free college could potentially change the way this country is heading and change the world as we know it, if we had allot more invested people solving everyone’s issues who knows maybe this world would be great again. I leave this to you and you choose should college be free or not?…

    • 780 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    Students are stressed about the cost of college tuition because finding the money to pay for it is a major deal. One way to pay for college is to get a scholarship, but not every student can get a scholarship, and it will be better if college tuition were free. People really struggle to pay for college because they will have to find a way to…

    • 1654 Words
    • 7 Pages
    Decent Essays
  • Decent Essays

    The cost of attending college is a serious impediment on students who want to focus on their studies stress-free. A high price is set on tuition and fees, forcing students to open loan programs and push themselves into debt. Some students will avoid the predicament by obtaining government grants, but for those that cannot, they have no choice but to fall into debt. Although unlucky the situation, it is not the students fault that college costs are more than affordable. The cost is so high because…

    • 819 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    Federal government has made ways for a common person to lower their debt and eventually acquire loan forgiveness. The plans are so new that many people do not understand how they work nor how well they actually help borrowers. Sophie Quinton addresses how many students take out loans because of the belief that working certain jobs will pay off your loans, which is often incorrect. She concludes that “policy adjustments are needed to ensure that students don’t get too comfortable taking on debt and institutions don’t get too comfortable charging high…

    • 1447 Words
    • 6 Pages
    Decent Essays