The Growing Problem of Student Debt
A question that always seems to come up at the dinner table when a senior is finishing their last year of high school is that of, “what college are you going to choose and how are you going to pay for it?” Although both questions are kind of hard to answer on the spot, one is more difficult than the other. Most high school students struggle to come up with the finances to pay for college. The sad part is that everyone needs an education to have any sort of career because of how competitive the job market is. Most students end up going to very expensive schools and get up to their eyeballs in debt. According to the Institute for College Access and Success, “Seven in 10 seniors (68%) who graduated from public and nonprofit colleges in 2015 had student loan debt, with an average of $30,100 per borrower. This represents a 4% increase from the average debt of 2014 graduates.” …show more content…
The growing problem today, is the problem of having to pay for taxes. “The average person earning between $73,354 and $125,195 in 2012 paid an average tax rate of 16.4%.” For students to be able to go to college the only logical idea would be to raise taxes so students could get a free education. If most people heard what was changing, then they would not be very happy. Ron Paul said “One thing is clear: The Founding Fathers never intended a nation where citizens would pay nearly half of everything they earn to the government.” Ron Paul saying this a clear setting of why taxes are too high to begin with. Families pay way too much to the government and don’t get nearly enough back when they get their tax returns. The only way for students to go to college for free is by the general public paying more taxes and that is outrageous! The graph below shows why college tuition is going
A question that always seems to come up at the dinner table when a senior is finishing their last year of high school is that of, “what college are you going to choose and how are you going to pay for it?” Although both questions are kind of hard to answer on the spot, one is more difficult than the other. Most high school students struggle to come up with the finances to pay for college. The sad part is that everyone needs an education to have any sort of career because of how competitive the job market is. Most students end up going to very expensive schools and get up to their eyeballs in debt. According to the Institute for College Access and Success, “Seven in 10 seniors (68%) who graduated from public and nonprofit colleges in 2015 had student loan debt, with an average of $30,100 per borrower. This represents a 4% increase from the average debt of 2014 graduates.” …show more content…
The growing problem today, is the problem of having to pay for taxes. “The average person earning between $73,354 and $125,195 in 2012 paid an average tax rate of 16.4%.” For students to be able to go to college the only logical idea would be to raise taxes so students could get a free education. If most people heard what was changing, then they would not be very happy. Ron Paul said “One thing is clear: The Founding Fathers never intended a nation where citizens would pay nearly half of everything they earn to the government.” Ron Paul saying this a clear setting of why taxes are too high to begin with. Families pay way too much to the government and don’t get nearly enough back when they get their tax returns. The only way for students to go to college for free is by the general public paying more taxes and that is outrageous! The graph below shows why college tuition is going