“The writing in this essay is my own work. If I have used outside sources, I have acknowledged them through correct documentation. ” Student Loans Today college tuition prices are rising. Paying for college can often be a stressful responsibility. A college education is very important for many students, but when stressing on how to pay for college gets in the way, it becomes more of a burden. Kim Clark effectively states the rising prices of college tuition in her article, “The Surprising Causes of Those College Tuition Hikes. Clark states that the cost of attending a public university, even after subtracting out aid and inflation, rose more than fifteen percent in the last five years, according to the College Board. These rising prices often lead to student seeking loans to help them pay for their college education. Many different authors have shown the consciences, causes and solutions to those whom seek help through student loans to pay for their college tuition. A determined college student will go to great ends to allow him or her to receive the best college education.
As if college isn’t stressful enough, finding ways to pay for college just adds an extra burned. Often students find themselves relying on student loans to help them pay their way through college. Student loans are very helpful in the sense that they give money to help one pay for college, but they also come with a lot of consciences. Once a student has graduated college they are left with a huge debt of college loans to pay back. Author Kritina Dell gives a prime example of a student just out of college struggling to pay back student loans in her article “I Owe U. Dell explains that a young girl is struggling to find a job but is busting tables at night in order to pay back her student loans before she can begin her future. Being in debt can cause a roadblock in ones future career.
By having student debts right out of college, it limits ones job choices. Author Michael Reed shows this in his article, “Student Debt and the Class of 2010,” by stating that the unemployment rate for young college graduates rose from 8. 7 percent in 2009 to 9. 1 percent in 2010, the highest nnual rate on record. Most companies wont hire or allow an internship for someone who is holding a vast debt. Therefore, this is putting a large amount of pressure on those wanting to start his or her future because they first have to worry about paying back their student debts before beginning their life. These large amounts of debts are cause by the high price tuition. College tuition is rising throughout many public universities. Students are very frustrated by the rising amount to attend college.
The high price to go to college these days is a worry to those families who already financially struggle. An even bigger struggle is for those students who have to pay their way through college with a low income. Patrick Callan speaks in the article, “College prices up again as states slash budgets,” written by Justin Pope about those struggling to make ends meet while also trying to pay for college. Callan proposes, “The states cut budgets, the [tuition] price goes up, and the (federal) money goes to that. Callan does a great job by simply stating the problems that causes one to seek a student loan. As one can see that from the high tuition and the low salary, most students only hope to pay for college is through a student loan. Although a student loan can be a worry, the government and others are trying their best to come up with different ways to help those pay back their loans. To pay back a loan is always a worry in ones life. Most graduating students face a student loan debt, and some even face more than just one.
Author Tamar Lewin effectively shows how the government helps those struggling to pay back more than one loan in his article, “President to Ease Student Loan Burden for Low-Income Graduates. ” Lewin states that President Obama will let borrowers who have a mix of direct federal loans and loans under the old Federal Family Education Loan Program consolidate them at a slightly lower interest rate. President Obama also announces a new program that will lower monthly loan payments for some students graduating next year. The government tries its best to ease the stress off of those paying back debt.
Although the government has made programs to help those struggling to pay back their debt, it is also one owns responsibly. When taking out a loan for college one should have a plan as to how he or she plans on paying it back. By getting a side job and managing your money in order to pay off your debt, it will take away a lot of stress. Obviously the best solution to avoid debt right after graduating college is to avoid a student loan or any loans. College tuition prices are rising and so is the amount of student loan debt.
To many students getting a good education to start off their future is very important. With the rising prices of college tuition, often many students have to get a student loan in order to pay their way through college. Student loans are there to help one out, but can become a huge burden to one. Although student loans come with a lot of responsibility, if one plans a way to pay it off the loan can be very helpful and stress free. Word Count:975
Clark, Kim. “The Surprising Causes of those College Tuition Hikes. ” USNews. com. U. S. News nd World Report, 15 Jan. 2009. Web. 13 Nov. 2011. Dell, Kristina. “I Owe U. ” Time 178. 17 (2011): 40-44. Academic Search Complete. Web. 3 Nov. 2011. Lewin, Tamar. “President to Ease Student Loan Burden for Low-Income Graduates. ” New York Times 25 Oct. 2011: A15. Web. 11 Nov. 2011. Pope, Justin. “College Prices Up Again as State’s Slash Budgets. ” MSNBC. com 26 Oct. 2011. Web. 11 Nov. 2011. Reed, Matthew, et al. “Student Debt and the Class of 2010. ” Project On Student Debt. The Institute for College Access and Success, Nov. 2011. Web. 8 Nov. 2011