College Education Is A Major Crisis - 1080 Words

In today’s society, American youth are facing a major crisis. The government’s statistics show that a large percentage of young men and women are joining the ranks of the unemployed. The most startling fact is that many of these individuals are recent college graduates. Many studies stress the importance of a college education, calling it an â€Å"economic investment† and the â€Å"most important choice made in a person’s lifetime†. Indeed, the decision to pursue college education is important, but many people do not consider the risks of doing so. While going to college seems like a noble pursuit, it is simply not feasible for this generation of young people, as the astronomical expenses, fierce competition of the job market, and the increasing obsolescence of the college degree are major deciding factors against the idea of getting a college education. The most important factor against getting a college education is the cost involved. Education is like an investment or an economic decision. Many people seriously overlook the implications of spending massive sums of money just to get a degree because they are expected to do so. Former US Secretary of Education William Bennett says that There are three main reasons [why college is expensive]. One is a lot of families will pay anything to send their kids to college. Two, many colleges will try to get as much money as they can. Three, the federal government endlessly subsidizes the increases in college and higher education.Show MoreRelatedStudents Should Not Be A Cause For Student Boredom846 Words   |  4 Pagesbecause they prefer the nonacademic characteristics of education such as sports, clubs, or art programs. A student’s boredom in high school relates to STEM educational programs in college because an individual’s experience in high school may affect his or her sel ection of a major in a community college or university. If someone still wants to pursue a STEM career after high school, then he or she will be faced with additional struggles in college. The fields of science, technology, engineering, andRead MorePost Secondary Education Comes At A High Price864 Words   |  4 PagesPost-secondary education comes at a high price. The excitement of graduating college to land the six-figure job is soon destroyed when students realize how much debt they obtain. Dreams of owning a house and starting a family are shattered by the money borrowed to provide and guarantee students an excellent future. Instead of waiting to land the ideal job, students work multiple jobs to help ends meet. Struggling to stay afloat, millions of students become victims of one of the major economic crisis in theRead MoreStudent Debt Over The Years876 Words   |  4 PagesPost-secondary education comes at a very high price. The excitement of graduating college to land the six-figure job is soon destroyed when you realize how much debt you are in. Dreams of owning a house and starting a family is shattered by the money borrowed to provide and guarantee student s a better future. Instead of waiting to land that perfect job, students are forced to work multiple jobs to help ends meet. Struggling to stay afloat, millions of students are becoming victims of one of the major economicRead MoreThe Nationwide Student Debt Crisis967 Words   |  4 PagesFact or Fiction: The Nationwide Student Debt Crisis In the United States, it is generally accepted that college (or any form of higher education for that matter) is a wise investment that each and every individual should strive for. Each and every year thousands of parents open college funds and future investment plans to ensure that once their child is of age he or she can participate in quality educational programs. While college attendance rates are at a positive all-time high, right behind itRead 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 MoreStudent Debt Over The Years984 Words   |  4 PagesHigher education comes at an extremely high price. The excitement of graduating college to land the six-figure job is soon destroyed when students realize how much debt they’ve obtained. Dreams of owning a house and starting a family are shattered by the money borrowed to provide and guarantee students an excellent future. Instead of waiting to land the ideal job, students work multiple jobs to help ends meet. Struggling to stay afloat, millions of students become victims of one of the major economicRead MoreWill Free Colleg es Solve The Student Debt Crisis?1479 Words   |  6 PagesFree Colleges solve the Student Debt Crisis? Every American student has a dream to go to college and to be debt-free. Due to the upcoming presidential elections, candidate Senator Bernie Sanders wants to introduce a bill that would cover the tuition costs for students who attend two and four-year institution. This question makes many Americans wonder, will free public colleges solve the student debt crisis. Although free tuition would help stop the fast-paced growth of the Student Debt Crisis, itRead MoreThe Financial Crisis Of 20081326 Words   |  6 Pagesfinancial crisis of 2008, President Obama completely eliminated the middleman and fully implemented direct student loans (Kingkade). Although this stopped large banks from profiting off of government backed loans, it still didn’t reduce the supply of loans or the ease of obtaining them. Availability of Credit As tuition has been on the steady rise, student debt to finance the education has been increasing exponentially. As stated above, this is the main driving for behind the higher education bubbleRead MoreIncome Share Agreements ( Isa )1169 Words   |  5 PagesAgreements (ISA) With student loan debt becoming increasingly worse year after year, new and potentially better avenues for students to finance a college education are emerging onto the market. In particular, income-share agreements (ISA) have appeared on the scene for a few years now, but not have attempted to modernize the way students pay for college. The big take away from ISA’s is the shift of financial risk from the student to the investor, unlike the traditional government or private loansRead MoreWhy so Expensive?922 Words   |  4 PagesWhy So Expensive? College is said to be some of the best years of your life. The parties, the freedom, and the new experience help you find new friends, hopefully a career and yourself, but rising college cost are having young adults stressing instead of enjoying the college experience. Every year less and less states are giving their college’s money and more and more students are asking for financial aid or taking out student loans. The more that college tuition continues to rise the more of