College Debt Benefits

Improved Essays
“The current balance of federal student loans nationwide is $902 billion, with an additional $140 billion or so in private student loans.” ( Martin, Andrew, and Andrew W. Lehren, 6) Many people are getting into a whole of debt while trying to receive a higher education. Some ways to of getting a higher education and not having the burden of a large amount of debt over your head is to obtain scholarships, work while you go to school, or go to a community college. In addition people are coming out of college with mountains of debt. In our day and age college is getting harder and harder to afford. “The average cost of a public college will have more than doubled in just 15 years.”(Martin, Andrew, and Andrew W. Lehren, 5) This just goes to show …show more content…
One reason why obtaining scholarships is a good way to dodge college debt is because there are scholarships for many things. “ You 'd be surprised at the kind of scholarships you can find”(Gormus,11) There are scholarships for just about anything you can think of. For Example, If you 're tall or if you 're short you can get a scholarship for that. Are you a part of a minority, then you can also get a scholarship for that. There are endless possibilities for what you can get scholarships for. Another reason why scholarships are good is because you can stack as much as you want.”You don 't know that the big $10,000 scholarship is going to to come up, she said but receive 10 smaller ones worth $1,000 and you end up with the same result.”(Gormus,12) This shows that paying for college can be easily done by either applying for the big scholarships or just applying for a bunch of little ones. Next, another way to not get stuck with college debt is to work while you go to school. This is a good way to save up for college and have pocket change. In the article it states “A highschool student who works twenty hours per week and saves $6 per hour of that throughout high school will have $24,960 in savings by the time he starts college.”(Stienberg,13) Having that amount of money to start a college fund is a very good start. Depending on what college the person is interested in that money

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