Argumentative Essay On Student Debt

Student Loan Debt: Rich graduate Poor graduate 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. The Bank and colleges try furiously to lighten the load on student through Bank loans and Pell grants and these programs indeed make college more accessible to minorities but on the other hand they can offer detrimental results because there is always a constant pressure for you to pay back the loan and that can affect one’s academic performance. The last three years student debt has surpassed credit card and auto loans debt with an estimated 35 trillion dollars. College is like a politician, it shows off some good rhetoric promise but in the end shows no good results. Student’s labor for years
Sixty-eight percent of adults with student loans and whose children have loans are unhappy with the way they financed their own or their children's college(Journal of Accountancy). Sixty-eight percent, that is a disturbingly high number, that means that six out of ten students right now will regret how they paid for college and consequently will lead them along to the wagon that is debt. If we are to stop the rising influx of debt: teaching students about how to operate their finances in college will result in a reduction of students with