Why Are We Spending So Much Money

Good Essays
In the article, “Why are we spending so much money on college?”, Megan McArdle questions if college education is really worth the investment. The article mainly focuses on the debt that college students obtain due to rising costs. In order to be considered for elite institutions, students must pay to live in a good school district, then they must pay to be part of that institution’s student body. The costs of colleges keep rising due to inflation, so students must take out student loans. “Promotional literature for colleges and students loans often speaks of debt as an investment in yourself” (24). Unemployment and jobs that don’t require degrees are what half of college graduates receive. Students go into debt only to be let down in the job …show more content…
Although debt and loans are huge factors in college decisions, future income is an even larger factor. It is proven that college graduates make more money than people who only have a high-school diploma. However, students can major in something useless and not produce an excellent income. That leads to her next point that people go to college to say they went to college, not to get a good education. Students will go in debt to attend colleges due to their “name”, not their education. If students go to learn, then they will receive valuable skills and a great education. However, if students go to college just to say they went, then they will not gain anything valuable from their experience and time. Due to the rise in bachelor’s degrees, students end up in jobs that didn’t require a degree before. As a result, students seek graduate and professional programs to stand out from the common. Degrees are beginning to become a requirement for any job, so students NEED to stand out. In addition, students need to work while getting an education. According to this article, apprenticeships are wonderful working experiences that should be used by …show more content…
We are trying to become well-rounded students so colleges will want us, but we are going in debt while doing that. Even though we try our best, some of us will still have to pay for college. Students loans are something that are easy to obtain, which makes debt common in college graduates. However, I know student loans are “bad” loans. As an informed student, I am trying to obtain any aid that I don’t have to pay back. When I see that colleges are upgrading, I imagine the tuition rates rising higher and higher. I feel like we, as students, can never win in the college world. I can relate to students that seek after graduate programs to stand out. Honestly, I feel like we are slowly becoming a number. Colleges see our ACT score and our GPA, but they don’t see the real person behind those scores. Students are not just a number on an application. We are beginning to attend colleges that have “names” so we can brag about it later in life. It is truly sad that we are worrying more about a “name” than an education. This article makes me upset overall. Upset that students are going into debt to only come out of college unemployed or with jobs that don’t really require a degree. It’s disheartening that people don’t learn anything from their college experience anymore. I feel as if we need to focus on what is important

Related Documents

  • Decent Essays

    Is College Worth It?

    • 1162 Words
    • 5 Pages

    There are so many concepts that are to be considered when deciding on whether or not a college experience would have worth. From debt, to switching majors, to the economy changing, it’s no wonder that people are reconsidering the worth of higher education. When applying to colleges, the obstacles that might get in the way of living a successful college life are hardly considered. Years of college experience may not be necessarily worth it all the anxiety and stress that it causes. Students develop different interests throughout their experience while at college, and yet they are expected to decide on a specific major despite being unsure of themselves.…

    • 1162 Words
    • 5 Pages
    Decent Essays
  • Decent Essays

    Worth The Wait Analysis

    • 1063 Words
    • 4 Pages

    school is the door to higher paying employments in today 's economy and having a degree is a greatly required quality on any resume. School may be costly anyway, it gives individuals a chance to find out about subjects of their picking and meet new individuals making encounters and recollections that can extraordinarily affect individuals ' lives. Also, a higher education doesn 't (and most likely never was planned to) ensure anything. What 's more, acquiring a degree is not for…

    • 1063 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    In college, students are expected to be responsible and to keep up with their work/due dates of assignments. If one feels as though they are not responsible enough to be on their own and go off to college, then yes of course college would not be worth the cost. They would be wasting money especially if they are receiving financial aid, that money could go to some other student whom is more dedicate to being responsible and getting their work done. Although, there is an alternative to someone who wants to go to college and get an education but does not want to pay the high costs that big colleges and universities charge, community college. Many people have their own opinion towards whether college may or may not be worth the costs.…

    • 668 Words
    • 3 Pages
    Decent Essays
  • Decent Essays

    Getting a college degree is very questionable today, however I believe everyone should get a college degree if there is ever a chance, because of the financial benefits after graduation, and the variety of skills learned. There are for sure many positives to attending college, as well as many negatives. Throughout college there are a variety of different skills and experiences to gain, which would never be discovered without going to college. Many people believe that college is not worthwhile to attend due to the outrageous costs, and also because college tends to hold people back with major life decisions. The financial benefits that are gained after college, makes college well worth the price.…

    • 1189 Words
    • 5 Pages
    Decent Essays
  • Decent Essays

    Growing Up In High School

    • 1835 Words
    • 7 Pages

    Sometimes as students we never really think about the small things that can make us better students. Our life situations can overcome our plans to reach our goals, which is to be successful in college then in life. Getting ahead in college can be difficult , but there are some simple solutions like, asking questions, seeking help, forming better study habits, or even changing your group of friends. Many of us enter college with our high school with thinking caps on. In high school students worry a lot about what their peers think.…

    • 1835 Words
    • 7 Pages
    Decent Essays
  • Decent Essays

    Websites such as Forbes and Huffington Post mention how college is expensive for any normal American, except for the very wealthy and the forward thinking. Minorities are more likely to have a difficult time paying for college, and there are many reasons. The first is loans, Demos.com is a websie that focuses on economic issues in the everyday lives of American Citizens. Demos how minorities, on average, pay more per loan than the majority. Demos’s article titled “Ending-The-Debt-For-Diploma System” explains how the average black student requires 79.7 percent of their college to be paid off by loans to afford the four years, that statistic is next to hispanics’ 66.8 percent and whites’ 64.6 percent.…

    • 1667 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

    Graduating high school students are faced with many challenges as they prepare to leave high school and move on into their adult life. The most urgent of these is, will you attend college? The norm now is that all students should continue their education through college, but some believe that we are encouraging too many students to this and they should instead get an entry level, low skill job or train to learn a trade skill. We are not encouraging too many students to go to college because college will benefit an individual financially and mentally as well as nearly ensure a job over low skilled workers. The benefits of going to college outweighs the costs involved in attending.…

    • 1304 Words
    • 6 Pages
    Decent Essays
  • Decent Essays

    Student Debt Problem

    • 1802 Words
    • 8 Pages

    The next issue this plan tackles is the rising cost of college tuition. Higher education should not be a business in which the schools and the administrators are looking to exploit college students for every penny they have in order to obtain an education. College should be something that is accessible for people to afford, without the need for student loans. Lastly, there is too high of a value placed on the need for every high school student to attend college. In her article “The College Bubble” Mcardle (publication year), a journalist who has a degree in business and has extensive experience covering finance, discusses whether college is the right choice for everyone.…

    • 1802 Words
    • 8 Pages
    Decent Essays
  • Decent Essays

    Graduates expect some type of future through their degree they are paying for, and when they don’t receive that it makes the college look bad on their part. Not everyone will pursue their degree either because they found a better field that excites them or they just simply lost interest in their degree. If students loose interest in their degree they are paying for they should be allowed to drop that degree. “…preparing to fulfill an absurd and onerous duty: to graduate from college” (Krakauer 22). Students are viewing college as a waste of time and money and see it as a need to graduate because the college is saying so.…

    • 1098 Words
    • 5 Pages
    Decent Essays