What Is Worth The Cost Of A College Education Essay

Better Essays
A student graduates from college and in ten years is forced to work a low-paying job that has nothing to do with their major just to pay off their college debt. Now imagine an alternate scenario where the student took into consideration every aspect of their future and goals before deciding what to do about college. Now, in ten years, this person is doing a job they love and not utterly overwhelmed with the debt they have. It is crucial to get some education, but the type of education and how much one spends on that schooling can determine the rest of a student’s life. College education is worth a cost, but it is not always necessary for that amount to be immense. Getting a college education can benefit one monetarily. For instance, …show more content…
For example, “Those who borrowed for a bachelor’s degree granted in 2012 owe an average of $29,400” (“Is College Worth It?”). That amount of debt can be exceedingly burdensome to pay off without a well-paying job when taking into consideration students also have to pay for their living expenses at the same time. If someone decides not to go to college, they may make less, but they do not have to worry about paying off college debt. This is an idea college students need to take into consideration when deciding to go to college, especially if they know it will require a substantial sum of debt. In addition, “The Project on Student Debt, a non-proft, says that 15% of borrowers default within three years of entering repayment" (“Is College Worth It?”). Defaulting on a loan means being unable to pay it back. If students are unable to pay back their debts, it is obvious that they are overwhelmed with the debts they acquired to obtain their degree. The price of the degree they earned impacted their financial life greatly in the years to come, probably more than they expected it to. For these people, going to college was not worth the cost because they were not able to balance out the costs of their education with the income they came into after they

Related Documents

  • Decent Essays

    Anaisha Murray Mr. King ENGL 101-029 February 3rd, 2014 Is College Worth the Cost? Many people argue that college is not worth the cost. Some individuals say that college is too expensive and when they graduate they are not able to find a job with their degrees. People also say that college is not worth the amount of money they have to pay back in loans after they graduate. Those are all points stated in Rodney K. Smith’s essay “Yes, A College Education is Worth the Costs,” as he argues his point on why going to college and receiving a degree in an occupation of any sort.…

    • 668 Words
    • 3 Pages
    Decent Essays
  • Decent Essays

    Not only that, but many students are not financially stable enough to even attend high school. Many of these students have only the bare essentials that could last them the entire year. Because of inflation, the cost of tuition and fees continues to increase faster than medical spending. (Martin and Lehren 5). A majority of families already have their own financial issues to worry about and adding college tuition and fees would make their situation much worse.…

    • 1359 Words
    • 5 Pages
    Decent Essays
  • Decent Essays

    Making College Debt Free

    • 836 Words
    • 4 Pages

    Many college students have to weigh the cost of college and how much they will make is they graduated with a degree. In many cases the cost of college will outweigh how much they will make so they decide to not go to college and save money. In some cases as they try to get promotions or get a different job at different companies they will not be able to because they do not have a degree. While people are trying to get jobs without degrees people with less experience are getting jobs over them because they have a college degree. There is also many cases of students stressing out to much about their life after college and they end up dropping out of college without a degree and they will still have student debt and they won’t be able to get jobs that will pay them enough to support their family.…

    • 836 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    Just about all well paying jobs will soon require a bachelor’s degree. Minimum wage isn 't enough to support a familiar because the cost of living is rising as well. The tuition should be free because the national student loan debt is rising out of control, graduates struggle with loans years later, and some lower income families can’t afford the thousands it costs to go to college. One might argue that is is too expensive…

    • 1090 Words
    • 5 Pages
    Decent Essays
  • Decent Essays

    For new students generation is better to choose a two year college and get their degrees instead of spending a huge money on expensive liberal art colleges. Lower class are not able to pay of their tuition loan and support their livelihood at the same time when they can not find a job to maintain their…

    • 919 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    Essay On College Tuition

    • 1308 Words
    • 5 Pages

    The amount of money that is available by the student loans is continuously growing every year, but when the amount of money available to borrow grows so does the amount of college students that default. Once the college student defaults it is extremely difficult retain a good economic status. As a consequence of defaulting the college student could face: legal actions, higher interest rates, a low credit score, and possibly a government deducted wage to pay back the money the student owes. Student loans are proven to be a scary thing that can ruin a college student’s economic life. There is no guarantee that recently graduated student will get a job, therefore students loans should be avoided to pay college…

    • 1308 Words
    • 5 Pages
    Decent Essays
  • Decent Essays

    Student Loan Crisis A Myth

    • 1036 Words
    • 5 Pages

    Who would have thought to be a graduate there is a most likely chance that you end up with a degree that won’t give you the assurance of a job and an endless college loan debt? Well, there’s a good chance it might not be you but throughout United States majority of college graduates are dealing with this issue at this moment. People are contemplating whether or not “Is the student loan crisis a myth?” within these articles in the book of 13th edition: Patterns College Writing by Laurie G.Kriszner and Stephen R.Mandell. However, I disagree that this student loan crisis is a myth because of certain economic limitations within the society that prevents college graduates that have loans to be debt-free. The article “The Myth of the…

    • 1036 Words
    • 5 Pages
    Decent Essays
  • Decent Essays

    Why Do People Go to College? When people speak of pursuing a post-secondary education nowadays, it usually has a negative connotation with the American student debt being in the trillions. Not only that, but there are also countless stories of college graduates not being able to find jobs in the fields they studied in. To add to on to their burdens, most students working towards a higher education are forced to take out loans in order pay their tuition. Once students consider all the disadvantages from educating themselves further, it makes one wonder why people still want to go to college?…

    • 1060 Words
    • 5 Pages
    Decent Essays
  • Decent Essays

    Until America has less conflict within the taxing system it cannot make any detrimental changes like implementing free college education. Public funding is an issue that many people have differing opinions about and raising taxes a good amount to support free public education will disappoint some people. In the college admissions process another factor that plays a big part is student population size. If college education becomes free, college would appeal to a lot high school seniors and people who want to return to school. This would create an issue of overpopulated universities and increased waitlist which would strain financial budgets of schools.…

    • 1265 Words
    • 6 Pages
    Decent Essays
  • Decent Essays

    College having expenses doesn’t shut out the poorer population of people, but the lazier and less hard worker part of the population. If a person is truly hard working and dedicated they can make it through college, even with student loans and then get a job that will almost certainly help you pay off your student loan debts within a couple of years. If a person isn’t they might not go, because of the cost and if they end of going and fail a semester or a class they have to pay to take another one or a retake. This paying would hopefully motivate them to pass the class, which would make them more educated and hopefully they would pick up some good work habits for the future. Now if college is free, there isn’t any real motivation to push students to do their best, because if they fail they can just take it again without any costs, and if they have living and food grants they are using the university 's money without educating themselves.…

    • 1148 Words
    • 5 Pages
    Decent Essays