Getting in Debt for Higher Education Essay - 1087 Words

Help Education Education helps a person to lead a successful life. Probably the most obvious reason education is important is to acquire the subject matter and basic knowledge needed to get by in everyday life. Whatever developments have been made till now is all with the help of education. So, is it wastage to separate extra budget for the Department of Education and Department of Science? Higher education in United States is not cheap. It has been found that the college tuition is increasing each year. According to the College Board, the average cost of fees and tuition from 2012 to 2013 school years was $29,056 at private colleges, $8,655 for state residents at public colleges, and $21,706 for out-of-state residents attending public†¦show more content†¦That puts the United States behind Japan (89 percent), and former Soviet-bloc states such as Slovakia (63 percent) and Poland (61 percent) (Waldron, 2012). One of the easiest ways to pay for college is to take student loan. Student loans play a very important role in U.S. higher education. Close to 20 million Americans attend college or university every year. Of that 20 million, nearly 12 million or 60% borrow annually to help pay their cost. The total amount of student loan debt held by Americans surpassed $1 trillion in 2011(Wikipedia, 2009). But we can see the statistics that the easiest way, Student loan, isn’t effective and student will be in chain of debt which they can’t get out easily. For some students who are studying science subject, medical subject, or any other subject that is paid well off after graduation can easily pay their dept. But what about the students who are studying the subjects those are not paid well after graduation? They will spend their entire life paying their increasing debt. Now, what can government do? I think the best way to solve this problem is to cut a small portion of military budget and help the education system. As we know, there are many European countries (Norway, Finland, Sweden, Denmark†¦) and other different countries such as Greece, Argentina which are not as rich as America but have free education. These countries have a strong military system and have made education easily accessible to theirShow MoreRelatedPros And Cons Of Unnecessary Education1684 Words   |  7 PagesUnnecessary Education We are the generation who believe that a higher education is a must. Other places look towards us for the answers to all questions about education. But for what reasons? If we are honest with each other, the truth about a higher education breaks out, and soon all of us face it. You are sitting in a classroom full of four hundred students who are supposedly listening to their professor and trying to learn in class, when suddenly all you can think about is the debt that is buildingRead MoreThe Average Cost Of Tuition1684 Words   |  7 Pagestheir education over a long period of their life. Student loan debt is also at an all time high in the United States, with a staggering $1.4 trillion dollars of debt solely for student loans. Current presidential candidates are campaigning to lower college tuition and student loan debt, while others are campaigning to offer free public community college and university education. These ideas are not free and they will cost the United States millio ns of dollars per year to fund. Higher education is aRead MoreThe Cost Of College Is Becoming Outrageous1325 Words   |  6 Pagesof the money themselves. It is hurting the students after they graduate because they are in so much debt before they even start their career. Some students wonder if going to college is worth it or if finishing high school would be enough for them. The amount of debt students are accumulating by going to college makes others wonder if they want to start a career already thousands of dollars in debt. 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These days, the rising cost of college is making students have to decide between the large sum of debt associated with a college degree or joining the workforce with a lower salary. Despite this fact, getting a college degree of some sort is worth the debt due to benefits like a larger salary that follow later in life. Students that receive a college degree make more than their high school graduate counterparts. â€Å"Among millennialsRead MoreGraduation Speech : High School918 Words   |  4 Pagesschool and accrue debt that will take years to pay off? People in general go to college to better themselves and accomplish what one wants out of life. What’s better way for a person to live life and experience it to the fullest than to do the dream job they want, or have a reserve of wealth that they can spend according to how they see fit? 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So Kayla Webley decided to write an article about student loan forgiveness, at the time Webley wrote the article she was the education correspondent for Time magazine. Now she is currently a staff writer for the same magazine. In her article, she claims that the student loan dilemma that is facing a lot of Americans is a problem for your countryRead MoreHow The Student Loan Debt Crisis Is Undermining Economic And Social Progress Of American Graduates1635 Words   |  7 PagesHow the Student Loan Debt Crisis Is Undermining the Economic and Social progress of American Graduates Currently, higher education is highly valued as a step in achieving success and earnings potential, but attaining a degree comes at a high cost. Although a very valued asset, the cost to attain a college degree for most students includes getting loans, grants from the government, and sometimes even private loans. Most of these loans come at a high price for students as the interest structure forRead MoreA College Student Debt Problem1595 Words   |  7 Pagescontinue their education. Being able to expand their education so easily can come with a hefty price. Students come out of college with student debt up past their ears, and so many students have trouble paying those loans back because of the amount of loans and the number of payments that people have to make can rip their financial future apart. If more students had more options to help them avoid, minimize, and erase college debt this country might have less poverty, and lower debt from all the students