The Importance Of Student Loan Debt

Decent Essays
Student loan debt in the US sits around $1.3 trillion with about $35,000 per student, who took out loans, at the day of graduation, according to US News. The cost of attendance has risen dramatically due to factors in the federal and state governments. The student debt crisis needs to be resolved so that when students graduate they can start their lives without the burden of extensive debt..

I am extremely fortunate to have the opportunity to attend a well-respected 4-year public university to continue my education. Without this opportunity, I would never be able to explore my curiosities in science and pursue my passion to help others. I am lucky to have a mom that supports me and will do everything in her power to allow me to follow my

Related Documents

  • Improved Essays

    Many college students believe that they will end up making more money than their uneducated peers. There are many citizens who are unaware that they have the potential to live a world of debt after graduating. Robin Wilson, author of the article “A Lifetime of Student Debt Not Likely”, clearly concludes that student debt is unlikely in the title of the article itself. The real truth is student debt can be highly likely. Although it is easy to agree with Wilson’s conclusion it is easy to see debt in an entirety can also be prevented.…

    • 696 Words
    • 3 Pages
    Improved Essays
  • Superior Essays

    Social Location Analysis

    • 1006 Words
    • 5 Pages

    Students across the country are facing a mounting challenge upon graduation. This challenge is not one that is easily surmounted or circumvented. The challenge is also not limited in scope to one social class or geographical region. The challenge facing more and more students every year is student loans. The loans themselves are not the issue, but rather the excessive amount of debt that tends to follow.…

    • 1006 Words
    • 5 Pages
    Superior Essays
  • Great Essays

    Caralee Adams author of “Students Alerted to Loan Debt,” Kim Clark author of “Learning the Hard Way,” and Hollis Phelps author of “A Degree in Debt: The High Price of Higher Education,” explain the consequences of student loan debt, specifically how students are forced to take out large amount of loans because of the “struggling” economy. The three articles stress the need for a higher education to be successful in life. The three articles also showcase a students’ fight for a quality, wont-break-the-bank education. In each of these articles, the multitude and differences of opinions of student loan debt are explored, and combined with each authors take on the consequences of debt that come along with the price of higher education. Adams, Clark,…

    • 1620 Words
    • 7 Pages
    Great Essays
  • Great Essays

    It’s hard to believe that once upon time, Americans did not have the dreadful worries of finding a way to prepare for the financial necessities for college. Now, college is becoming more of a dream rather than a reality as high tuition rates becomes the number one reason why Americans are not advancing themselves into higher education. In some cases, there are college students who receive full-ride scholarships to the college they desire; however, the majority of those who do go to college do not obtain the same luck. Those students who do continue their education and go off to college find themselves short of financial aid, out-of-pocket cash, and even scholarships. This causes students to resort to taking out a student loan.…

    • 1550 Words
    • 7 Pages
    Great Essays
  • Great Essays

    Why Do Student Loan Debt

    • 1439 Words
    • 6 Pages

    In order to conduct my research of student loan debt and its effect on the student, the research process will be broken up into two stages. The first stage will consist of continuing education and taking courses as well as attending conferences related to debt that will directly aid me in my knowledge of the topic and my ability to conduct the study. The second stage will be the start of the study on the Mason campus with the aid of an advisor and mentor. This involves the creation of the surveys to be used followed by the numerical analysis that will determine correlation Coursework I will continue to seek out additional primary resources and data that may be helpful for conducting the research. The closest research to my proposal is the Walsemann…

    • 1439 Words
    • 6 Pages
    Great Essays
  • Improved Essays

    Is Student Loan Debt Harder on Women? A recent report by Pew Research confirms that the pay gap between men and women is not only real, but it is still very much alive and well to this day. The gap is even wider for black and Latino women, the study found. The result is that those making less money are not able to repay their student loans as quickly and are saddled with greater debt loads.…

    • 360 Words
    • 2 Pages
    Improved Essays
  • Superior Essays

    Many American students suffer with college debt. The average student that graduates with a bachelor’s degree leaves the university with more than $30,000 in debt. Students that graduate with graduate degrees can end up leaving their universities with more than $100,000 in debt. Living with that type of debt has caused many Americans to put a lot of the plans they had post- graduation on hold. Average people have a hard time paying bills and living day to day already and with the added stress of school loans for many it can become unbearable.…

    • 1447 Words
    • 6 Pages
    Superior Essays
  • Improved Essays

    nothing about that. Before taking out loans I feel like students should research. They need to talk to people who have taken out student loans and how it effect their lives. They need to know about interest rates and how monthly payments work. That is where most students really mess up because they do not know about interest rates.…

    • 399 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    As the demand for a college degree is on the rise, so is college tuition costs. The cost of college tuition has increased more over the past few years than ever before. As Nicole Allan and Derek Thompson state in their essay, The Myth of the Student-Loan Crisis, “The costs of college has spiked 150 percent since 1995, compared with a 50 percent increase in the costs of other goods and services” (380). To help pay these unbelievable cost increases, student loans climb as well, putting…

    • 1043 Words
    • 5 Pages
    Improved Essays
  • Superior Essays

    Student Loan Debt

    • 1591 Words
    • 6 Pages

    Many people in this world put it off like it is not an issue, or because they forget there even is an issue with student debt. “For faculty, staff, and administrators, it’s easy to forget just how much debt students have to take on today. The numbers are simply astounding. According to the Web site FinAid.org, which cites the National Postsecondary Student Aid Study of the U.S. Department of Education’s National Center for Education Statistics (NCES), nearly two-thirds of students graduate with some sort of debt” (Brown; 57). One of the main issues for this is the fact that college tuition keeps rising for an extended amount of reason.…

    • 1591 Words
    • 6 Pages
    Superior Essays
  • Improved Essays

    In today’s American society, the average college graduate leaves college with a whopping $37,172 in student loan debt. Crippled by constant payments, many struggle to keep up with payment plans. On top of that, federal student loans encompass an interest rate, which has a limit of 8%. Because the interest rates are so high, graduates can end up paying double the original loan amount. Coming from a large family, I have had first hand experience with the effects of student loans, and what it can do to a blossoming individual looking to start a new life.…

    • 822 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Essay On Student Debt

    • 1075 Words
    • 5 Pages

    Student loan debt has increasingly become an issue, not only for those who have acquired it and must deal with it, but also for the economy. To function normally in today’s society, pursuing a college education is a requirement for those who want a high paying job. With this decision, students also decide to take on large amounts of student loan debt and the long-term turmoil that it inevitably leads to. Student loan debt impacts students purchasing power which negatively impacts the economy. Over 42 million people owe $1.3 trillion in student loans (Rosato).…

    • 1075 Words
    • 5 Pages
    Improved Essays
  • Great Essays

    This is a school of which I feel proud to be a part. I have had fantastic times here and have found myself growing intellectually, socially and emotionally in way in which I could never have predicted. Despite this, I am deeply troubled by the issue of student debt due to the cost of tuition, both within Wayne State University (WSU), and within the country as a whole. I feel that this is an issue, which affects almost every aspect of student life and taints the overall experience of college. I write to you in order to discuss this issue and to encourage the support of necessary changes in the ways in which our students relate to their loans and, as a result, their overall college experience.…

    • 1267 Words
    • 6 Pages
    Great Essays
  • Improved Essays

    Most faculty college students during the U . s . qualify for federal student loans. Students can borrow the same number of money, in the exact selling price, irrespective of their individual earnings or their parents' incomes, irrespective in their anticipated foreseeable future profits, and no matter in their credit score record.…

    • 211 Words
    • 1 Pages
    Improved Essays
  • Improved Essays

    Benefits Of Student Loans

    • 505 Words
    • 3 Pages

    Student loans are never going to help you, only hurt you. Even though everyone is saying that it is ok to take out a student loan, that is the only way, it’s not. If you take out a student loan you will be engulfed in debt for the rest of your life, not even filing bankruptcy will cover it. Student loan interest rates are ridiculously high, not so free now. Student loans are a way for them to make money off of you but, you can pay cash for college.…

    • 505 Words
    • 3 Pages
    Improved Essays