One of the advantages of attending an institution of higher education is the motivation that the loans give you to focus on school. Most students attending a college are motivated to finish their degrees in order to be able to pay back their loans as quick as possible. That being said, most students decide to major in certain programs that will earn them lots of money in the future. Zhang writes, “Rothstein and Rouse (2011), using the introduction of a ‘no-loan’ policy in a highly selective university, find that debt causes its graduates to choose substantially higher-salary jobs and reduces the probability that students choose low-paid ‘public-interest’ jobs (“Effects” 155). This piece of evidence shows, that students whom borrow through loans tend to study in a field that is guaranteed to be higher paying. The majority of the money would be used to pay back their loans, help them get out of debt and give them a clean slate debt wise. Zhang also writes, “Students’ calculations …show more content…
Many people are told that a college degree is not worth the time, the paragraphs that were just read are proof enough to show how much someone can benefit from a college degree. This essay showed all the benefits of going to college, like lower unemployment rates and higher pays for those with a degree in their fields. Another good thing that was shown in this essay was the benefits of loans and tuition waivers and also how going to college in state can benefit anyone in an economic situation. With all this information given it shows that getting a higher education is worth