In the YouTube video linked below, the total national student debt in the United States is 1 trillion and growing, surpassing the national credit card debt. What's the reason for this outrageous number of people in massive debt? Credential inflation, which means in order to get a good job, you have to have some form of secondary education in most cases. Easy access to loans, so young adults can borrow money without really knowing what they're signing up for. Lastly, effecting every American, is the decreasing value of the US dollar (youtube).
A possible solution for students struggling to pay their debt/students about to go to college is to have the government fund some form of secondary education for every citizen. If they want us to succeed they need to help us because the majority of young people don't have $30,000+ laying around and are struggling to get a job that pays for just our daily living bills/expenses.
America's growing student-loan-debt crisis - MarketWatch
http://ticas.org/posd/map-state-data
https://www.youtube.com/watch?v=pXouicynsmk
I agree that the government should help pay for some of college tuition even if it just a small proportion, because the average student doesn't just have $30,000 to spend. I also believe that students should be aware of what they're signing up for and how their money is going to be spent.
ReplyDeleteI feel like if we have lots of money to give out for scholarships then we should really have enough money to at least make college more affordable. Some professors deferentially charge students way to much to buy books they wrote.
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ReplyDeleteI definitely agree with what you’re saying and the cost of going to college is getting out of hand. With seeing how much debt there is, I wondered if the attendance of college is dropping and sure enough it is. In an article done by CNN, the yearly attendance rate is going down year by year. Now a days college is one of the most important things to do because so many companies are looking for people with a degree. Most jobs won’t even consider a potential employee if they do not have a degree. As said in this article, “College graduates make almost double the salary of workers with only a high school diploma.” (Long, 2016). It used to not be so bad if someone didn’t have any higher education but it is getting more important. I’ve heard comments for years saying how hard it is for people even with degrees to find a job, so think about the people who never went to college and what they have to settle for because they didn’t have the money to go. In 2015, President Obama made a statement saying,’ “A college degree is the surest ticket to the middle class,”’ (Long, 2016). There are roughly 800,000 fewer Americans on the path to being in middle class because they didn’t go to college. Attendance rates are even dropping at community colleges which is a huge surprise and it really does have a big impact on these collages who try and get people to come to their school. So something really needs to change if attendance has any chance of going up.
ReplyDeleteBeing a senior and being registered for college this fall already i'm now scared to go because of this but i feel that it will be worth it. The government is more than willing to help its future students pay for college with Financial Aid but it is need based making it hard for kids with parents who do make more pay for their own college the only alternative for students to get a substantial amount or even free college is to enter the military but again, not everyone is able to join the military and for that select group of people there should be extra compensation to current and future college students
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