Preview

The Pros And Cons Of Student Debt

Good Essays
Open Document
Open Document
393 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
The Pros And Cons Of Student Debt
I live in Oak Hill Ohio which is located in the southeastern part of Ohio. Throughout the 18 years that I have lived here I have watched my father struggle from job to job. I have watched him leave the house at five o'clock in the morning to drive to work and then watched him arrive home at around six o'clock in the evening. All of this work and the money gained cannot support a family of five for seven days and still, there are some worse off. This lack of funds leaves academically capable young people unable to attend colleges and forces them to set their dreams lower. Instead of studying to become doctors a young man or woman must instead attend a vocational school during the last years of their high school career in order to achieve free schooling and become a nurse in a nursing home. This is done because the young person feels that it is their only option and for most it is. But in Vocational schools, basic subjects such as English, mathematics, Science, and History are not taught well attracting those …show more content…
Those that are pushed into making incredibly hard life altering decisions at the age of seventeen or eighteen. Those that are forced to start adulthood weighed down by student debt, because young though they are, they know that schooling above high school level is essential in success as an adult. Most of the people that I have talked to fully intend to attend college, obtain a degree and then move away. I believe that these insights into the middle and lower classes may allow me to contribute something unique to ODI's mission. I believe that higher standards regarding behavior and GPA should be set for those attending and teaching at vocational schools. I also believe that classes should be required for high school seniors to learn about what they should do when applying for colleges and the financial consequences that they may face and how to go about solving

You May Also Find These Documents Helpful

  • Satisfactory Essays

    The College Debt Trap is written by Janet Bondar. It is a entry on the yes' and no's of college tuition and payment, as well as a couple tips and tricks . This entry by Janet B. is somewhat diverse and will be divided into three different parts. An over all interpretation and opinion of the writer of this analysis will be understood by the reader at the end of this entry. The author of The College Debt Trap is giving very helpful advice to teens and their parents about considering college.…

    • 254 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    A qualified student loan is solely used to pay for qualified education expenses, to an eligible educational institution for higher education. Qualified education expenses may include tuition, room accommodation, books, supplies, and equipment. Education loans are subjected to student loan interest during the year, and it may also include required and voluntary interest payments. The deduction of student loan interest is claimed as an adjustment to income, even if the taxpayer does not itemize deductions on Schedule A (Form 1040). One of the limitations concerning the deductibility of student loan interest is that the taxpayer or student can only claim a preliminary tax deduction not exceeding $2500. The tax deduction also limits taxpayer’s…

    • 280 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    “Debt is the fatal disease of republics, the first thing and the mightiest to undermine governments and corrupt the people” Wendell Phillips, civil rights activist and lawyer (Phillips).…

    • 638 Words
    • 3 Pages
    Good Essays
  • Good Essays

    While I agree that student loan debt is always in the back of a medical student’s mind, I disagree with the idea that it is a significant driving force for specialty choice or that it prevents people from entering primary care. Just as the data in this article suggests, I believe most medical students choose their specialty based upon personality fit and how well a specialty complements their interests, goals, and values. In my personal experience, enjoying a clerkship and feeling a connection with individuals within a given specialty increases the likelihood of considering said specialty, regardless of potential for monetary gain. Monetary gain may be a secondary factor for some students, depending upon their goals, however I do not believe…

    • 170 Words
    • 1 Page
    Good Essays
  • Good Essays

    Student Debt Case Study

    • 485 Words
    • 2 Pages

    Student debt is a huge concern amongst college students, especially those that attend Rutgers University.…

    • 485 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Student loans are a savior and a demon put together into one by the government. On one side student loans have numerous amounts of pros that shine a golden light on the loans making them look as if they are a savior to humanity. Some of these prospects include the hassle free process it takes to actually get a student loan, the boost of your credit score if you can pay it off in the allotted time, and they open up the opportunity for anyone to go to college. On the other side of the spectrum student loans are horrible plagues on society. The student loans can be bad in the cases of putting the person in extreme debt, ruining their credit if the person cannot pay, and even ruining the person’s mental health.…

    • 1941 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Another for difficult and less glamorous way of getting through college without student debt is duel enrolment, a program that allows students to be enrolled in two separate, academically related institutions. Most of the time it refers to high school students who have decided to take college classes. All states except for Alaska, New Hampshire, and New York have a statewide policy in place allowing high school students to enroll in state or community colleges. It allows qualified high school students to receive a scholarship for a specific amount of credits per semester, credits that can be transferred to different colleges and universities after they graduate high school. This way students can get credit for college classes so they may not…

    • 378 Words
    • 2 Pages
    Good Essays
  • Good Essays

    One of the most concerns of increasing the student loan debt is its effect on other spending activities. Student loan debt resulting in 8 percent decline in home purchases among American whose age between 20 and 39 according to an analysis done by Rick Palacios, he found also that every $250 paid by a household per month for student loan debt, decrease their purchasing power by $44,000. He stated also that about 6 million households are paying more than $250 per month for student loans.…

    • 85 Words
    • 1 Page
    Good Essays
  • Good Essays

    Children are required to attend school to have their academic performance evaluated and to discover and cultivate their personal and professional talents, beliefs, and interests. Those developed attributes lead to decisions about higher education and career paths after educational minimums are satisfied. With a national standard in mind, for this set of facts to apply, academic minimum requirements would have to be increased. Additionally, the number of years…

    • 341 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Essay On School Debt

    • 386 Words
    • 2 Pages

    Many Americans have and will experience the struggle. The struggle, going to sleep hungry, no lights, living paycheck to paycheck. It is hard out here for a pimp. On top of that, the average American family is struggling or will struggle at least once a year. It is not fair to live this way as an American. America is the best country to live in, but there are so many of us who are losing towards this war on poverty. There are manifolds of reasons why America is losing this war towards poverty because of school debts, lack of affordable housing and low minimum wage.…

    • 386 Words
    • 2 Pages
    Good Essays
  • Good Essays

    This year the average college student will graduate with at least $20,000 in student loan debt (College access and success). For years higher education has been worshiped with God like influence as a way to escape poverty and attain a career and live the American life. With the rising college tuitions it has become increasingly harder for the middle class to afford college and reap the benefits. Seven out of ten students, will have a burden over their shoulders for years to come as to how to repay the debt. Debt is no respecter of persons: business owners, single parents, teachers and seniors to this day are still constantly bombarded with debt.…

    • 1222 Words
    • 5 Pages
    Good Essays
  • Better Essays

    En route to a meaningful career, it is oftentimes necessary to receive a formal education in the field that one wants to pursue. This education opens one up to the job opportunities that will provide sufficient income and open enough doors to allow that person to obtain the employment they desire. Many fields unyieldingly require this education, complete with a degree, to even consider look at your resume and consider you for a position. Now, an education is not easy to come by. It is expensive and takes years of consistent hard work and diligence. Oftentimes, the student finishes their studies burdened with debt. They are not only leaving their education started from ground zero, but instead, starting below zero. It is important for him to be able to make money in order to overcome this debt, about default on his loans, and become financially healthy. It is important for their education to be focused, streamlined and as inexpensive as possible. That way, he can graduate sooner, begin working younger, and therefore for a longer period of time, and position himself to become more successful. In addition to this, for many, money is likely not their only motivating factor. It can be easy to go down a path that you think will be what you want to do; only to find out it isn’t. If you are able to more quickly get through school, and do it cheaply, it becomes easier to change career fields and ultimately land a career in something that would provide not only financially for you, but emotionally as well. I believe that general requirements do add to one’s overall well roundedness as a person and helps them in understanding the world around them, but I believe that it something that should be the responsible of the individual to explore and let evolve in their personal lives. It is important that one can pursue their career path with a streamlined education, as those things that contribute to us become more well-rounded…

    • 1077 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Mini Position Paper

    • 970 Words
    • 4 Pages

    Students who are in the predicament noted above are not able to thrive in a strong academic environment because, as Freire states, they don’t know their reality. If they knew their reality, they would be better prepared to adjust to what they need for academic success. My position is that students that will better succeed in vocational or magnet schools. The vocational option is best suited for students that are not college bound and need to learn hands-on job skills to work right out of high school.…

    • 970 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Rret

    • 760 Words
    • 4 Pages

    In today’s society many adults have dreams and aspirations to return to school and pursue higher education. For many adults the thought of continuing his or her education does not progress and develop into reality, they remain dreams. Some of the reasons people over the age of twenty five only dream of returning to school are fear, financial restraints, and overwhelming family obligations.…

    • 760 Words
    • 4 Pages
    Good Essays
  • Good Essays

    There are individuals who do not pursue college schooling in the work of their early days. For those who…

    • 601 Words
    • 3 Pages
    Good Essays