The problem with this is they loan out so much money that sometimes students cannot pay the money back, now they just lost thousands of dollars. Student debt has been rising. Even in-state rates for South Dakota, which is comparatively very cheap to practically. College Argumentative Essay College may be expensive, but that does not mean that is not worth it. Along with the debt that students gain, students also gain knowledge, friends, diversity of experiences, and greater employment opportunities. College will also prepares students for future jobs and making money to support themselves in the future.
Should Student Loan Debt Be Forgiven? Example | Graduateway
Please join StudyMode to read the full document. Student debt in on the rise. It arises from the increasing college tuition costs. It makes college attendance prohibitive to many people. Additionally, it translates to a higher student loan debts. College is expensive, to a point that many people consider it a dream come true to attend college.
The tuition and cost of college is detrimental to thousands of families across the country and brings student debt to future graduates. With the debts being over the average income for single people households, college has transformed from a benefit to a burden. Young adults not only have to worry about their education but also paying for the next semester or years of college ahead of them. According to the last recording of student loan debt, the total amount of the United States student loan debt is roughly one and a half trillion dollars A look at…. Statistics like these present the urgent need to resolve the major financial issue of student loan debt.
The student loan crisis is the biggest issue effecting young adults in America. Many economists are suggesting that it may be the most devastating economic since the recession during the President Bush administration. A smaller segment of economists are concerned that the economic downside of the student loan debt may be even greater than The Great Depression. When you look at the way that the economic situation surrounding the crazy costs of college it makes it pretty apparent that something must be done before we see the economic debilitation of the next generations of innovators. The argument this essay is looking to make is that the student loan crisis in America must be addressed in a timely fashion.