Pros And Cons Of Student Loan Debt

In conclusion, after examining the advantages and disadvantages of a college education as it relates to student loan debt, it is very clear that there are more benefits of a college degree over the course of a lifetime; however, without the proper planning, it may not be for those who have incurred tremendous debt. Additionally, student’s ability, major, and lifetime expected earnings are significant when weighting the investment. The return on the investment has been well-documented in prior research. I agree that there are numerous benefits of earning a college degree due to my own educational background.
While there are significant challenges that students face during the process of planning to attend college. The research indicates that there are significant disadvantages when comparing the expense. For instance, students are taking longer to graduate, increased costs, decrease in federal assistance,
Although, unemployment for college graduates is less than college graduates. The area of study plays a significant role when seeking employment. Fifty percent of all graduates agreed that their education is worth the debt, while 50% disagree that their education is worth the investment. These numbers have important implications for life after college. For instance, more than half of the graduates' quality of life is affected by student loan debt which affects major life decisions such as continuing education, marriage, children, home and car. This leaves students dissatisfied with higher education. So, to answer the question based on the facts that were revealed, "Is College Worth the Student Debt?" I believe that over the life span of work that graduates earn more than their counterparts. However, depending on their major, ability, and future earnings, it may not be the best investment, and students should explore their options of the