The Benefits Of College And The Costs Of Attendance

Student Loan Crisis Nearly thirty-nine million people residing in the United States hold student debt, coming to approximately $1 billion. Naturally, other forms of consumer credit declined in the recent years, most notable during the recession, and non-surprisingly, student debt continued to rise. Due to this, student loans are now, next to mortgages, the largest source of debt, outstripping credit cards and auto loans. I say that there exists a debt crisis, and a repayment crisis. Student’s are expected to repay outrageous amounts of debt when their incomes are at their most lowest and fickle. There is a discrepancy between the benefits of college and the costs of attendance. Ironically, this discrepancy is the same motivation for even providing student loans to begin with. It’s fair to say that education is an investment. Education demands costs to paid in the present in return for potential benefits in the future. While students are in school, expenses include typical costs such as tuition, books, and sometimes rent. Potential benefits for the future typically include access to higher earnings. To pay the current costs of their education, most students need liquidity. Typically in a business deal, to be borrowers could put up collateral in order to pay for a promising investment. This collateral could include any goods used, typically buildings or even tools of trade. Almost simila rly, homeowners use their home as collateral when they take out a mortgage. Students areShow MoreRelatedGraduation Speech : Education Is Priceless909 Words   |  4 Pagesof a college education in order to have a successful life. Coming from a Filipino household, education was always a top priority. Both of my parents grew up in rural areas of the Philippines and had under privileged lives. Unfortunately, they did not have the chance to attend college, as well as high school. When my parents decided to have me, they wanted me to have the life they wish they had as children. That is why they pushed me to learn as much as I can in school and to go to college. We areRead MoreShould Everyone Go To College Essay1569 Words   |  7 Pages The topic of college attendance and acceptance rates continues to be one of heated debate today. Colleges used to be a place for brilliant scholars to keep their path towards higher education, but have turned into a massive source of stress and debt f or students nowadays who feel that college is essential for any form of successful career. Students are pressures more now than ever by parents, friends, and a society that tells them college is the only way to â€Å"a wage premium to earn to secure a decentRead MoreUnderstanding the Impact of Higher Education1060 Words   |  4 Pagesthe notion that college or higher education is something that is of real and meaningful benefit to everyone. An overview of cultural attitudes and messages regarding higher education is given, followed by the findings of research that present an understanding of why people select to go to college and receive a higher education, finding that aside from cultural pressures (which are substantial) monetary/employment benefits are highly desired. Evidence that suggests these benefits, though often citedRead MoreIs It Feasible To Increase The Number Of Students Who Attend799 Words   |  4 Pagesright out of college. Why should student students attend job fairs? The cost of attending a university, like CSU, is only justifiable by the job opportunities a degree offers graduates. According to a study published in an article by CNN called â€Å"Just how much better off are college grads anyway?†, college graduates make twice as much as those who only graduated high school. The increase in annual salary offered by more qualified jobs is a great incentive for people to attend college. ProgramsRead MoreHow Students Think About College Selection945 Words   |  4 Pages How students think about college selection is a question that many economists have tried to answer. Many studies have been done over this topic to test what factors play in the decision of where to attend college and what benefits come from attending a certain college. Brewer, Eide, and Ehrenberg examine the idea that students invest in more costly higher education in hopes that the return in earnings will be greater over their life-cycle, than compared to a less costly counterpart. The writersRead MoreStudent Debt Crisis And Its Effects On The Economy1586 Words   |  7 Pagesstudent debt crisis has reached an all time high with debt reaching a total of 1.3 trillion dollars across the United States.With tuition cost increasing,lack of scholarships and unpaid back loans,student debt will continue to increase even higher.The enormous amount of debt put upon each student creates the inability of those students to help the economy grow.Our economy as we know it is a loop and decreasing the student debt significantly will help the economy grow.Instead of putting that moneyRead MoreSolving The Student Debt Crisis Essay1609 Words   |  7 PagesThe student debt crisis has reached an all time high with debt reaching a total of 1.3 trillion dollars across the United States.With tuition cost increasing,lack of scholarships and an increase of government loans,student debt will continue to increase.The enormous amount of debt put upon each student creates the inability of those students to help the economy grow.Our economy as we know it is in shambles and decreasing the student debt significantly will help the economy grow.Instead of debt owersRead MoreThe Ncaa s Policy On Amateurism1360 Words   |  6 Pagespolicy are almost the same. According to the NCAA Manual, a student-athlete is considered an amateur if they have not: â€Å"signed a contract with a professional team, received payment for participating in athletics, played with professionals, received benefits f rom an agent or prospective agent, or agreed to be represented by an agent† (NCAA, 2015). The main reason why amateurism has been such a hot topic is the lawsuit by Ed O’Bannon and others against the NCAA and its’ licensing partner. This lawsuitRead MoreTarget Market For Hillsborough Community College Essay721 Words   |  3 PagesTarget Market for Hillsborough Community College For Hillsborough Community College to attract the most students and achieve higher retention rates, Differentiated Marketing would be the best practice. Because Hillsborough Community College is predominantly diverse, target marketing groups should include dual-enrolled students, recent high-school graduates, young adults, and career-oriented adults seeking higher education. A smaller marketing group to consider is the mature adult over the age ofRead MoreCollege Tuition1071 Words   |  5 Pagesï » ¿College Tuition In todays society, the idea of a college education has become less of an option and more of a necessary requirement and is commonly considered the only way to acquire a successful career and life. There are many careers, in which a college education is not technically necessary, that can often be just as or even more successful. With the cost of college tuition increasing with every passing year, the controversy of whether college is really worth the cost and burden is growing