Debt Argumentative Essays Samples For Students

The debate on the cost of college has been on the rise in the past decades almost reaching fever levels. Policy formulators and educationist have raised concerns this issue. Some argue that the costs are expected and valid while others claim that the changes are not only significant, but profound and unfair. There is enough evidence that even with the inflation taken into consideration; the cost of college is by far too high. This paper seeks to offer the arguments on this issue with a focus to proving the truth behind the increased cost of college cost.
According to ...

What is the problem?

At present, the majority of residents of Ohio State, let it be an individual, a student, etc. are burdened with debt. The poor debt scenario of the Ohio State came into scene when during 2005, the bankruptcy rate went double to the rest of United States. However, as per the data published by a website, although Ohioans carry less debt burden that the residents of other states, however, still the level of debt is high. Important to note that although the state’s residents carry less mortgage burden but the credit card and student loan amount has reached an alarming stage.

Significance of the problem?

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The reality of living at home after college is not a common goal. Depending on the individual, this actuality can be for the best as well as an oppressive experience. Sometimes, being back at home is a comfortable decision after years of juggling school, work, and newfound debt. Notwithstanding, a young adult, coming back to the house she grew up in can be an unexpectedly frustrating process. In either case, there is something loss and another gained but how responsibilities are distributed can affect a person’s ambitions to make a home of her own.
Staying at home after college is a return to ...

Introduction

One topic of great debate today is the amount of student debt being accrued by college students that, whether, they graduate or not, who leave college with debts from several thousand dollars to hundreds of thousands of dollars. These debts are, most often, federally owned. Student loan debt cannot be eliminated with a bankruptcy and can only be forgiven if the borrower were to die. At least that is how it has always been. However, there are today may people who feel that student debt should be forgiven by the government under of number of applicable circumstances. There are ...

The Pitfalls in Borrowing Money

A. The dangers or risks of borrowing money
B. Background of borrowing/ responsibilities of borrower
C. Thesis Statement: Borrowing money creates a profile of financially-at-risk individuals that shall be dependent on the characteristic of the borrower, who may the tendency to mismanage and misuse their credit cards.
II. Counter-Arguments
- There are advantages and disadvantages in borrowing money through loans and credit cards.
- The financial problems of the borrower are easily resolved by seeking financial assistance from loans and credit cards for payment of mortgage, car loans, student loans and other emergency needs.
...

Education is compulsory for every person as it serves as a gateway to a successful and contented life. After completing high school the large amount of tuition fees in the colleges makes it difficult for more than fifty percent of the students to opt for a good career. The cost of tuition fees in colleges at times makes it impossible for the students to continue with their studies, so they enter the work field after completing high school education. Moreover, most students select a college which provides tuition programs free of cost; however, these programs are not up to the students’ caliber. Some ...

ABSTRACT

Higher education costs have increased greatly in the last thirty years, in part because of increased federal and state spending and growing enrollments. In the recent recession, though, high unemployment and student debt among graduates have raised questions whether a four-year degree is still worth the investment. In certain fields, particularly science and technology, university graduates will have higher lifetime incomes than those with high school diplomas, but this is not the case for those with liberal arts degrees. Universities have been reluctant to change their policies in an era of reduced public spending, despite government demands for lower costs, ...

Introduction

Using credit cards has many negative effects on the financial prosperity of a student. Students having access to a credit card, fail to control their spending habit and showcase increase in financial consumption habits. Credit cards provide simple and convenient services, making students feel that they have access to free cash that can be used to purchase products they like. This feeling stimulates impulsiveness among students and influences their financial condition in a negative way. Using credit cards causes serious troubles for students as they develop huge credit card payments and end up in a financial crisis where they ...

In the modern society there exist many forms of buying goods and services. In ancient times, people used to buy goods and services by the use of barter trade; this involved exchange of goods for other goods and services. There are various forms of paying for goods and services, among them being cash, hire purchase and buying on credit. Buying on credit refers to a form of payment that can be used by an individual to acquire goods and services and pay for them in the future (Calman 21). Buying on credit is an internationally accepted way of purchasing commodities. ...

The Effect of High College Costs to the American Society

The importance of college education has been ingrained in the minds of all Americans for decades, it is perceived as the epitome of success and the gateway to a great career that will lead to the achievement of the American dream. However since the economic recession this has not been the case with the unprecedented rise in college tuition fees, the amount of college graduates who are deep in debt has increased, the number of college dropouts has also increased, more students are stressed and depressed and the fact that unemployment rates are very high even for graduates has made ...

Amongst the various sources of finance, like sale of financial instruments, or even borrowing loans from banks and other financial institutions, a very popular method is lease or lease financing, that is defined by the Leases Exposure Draft of the International Accounting Standards Board (IASB) & Financial Accounting Standards Board (FASB) as “a contract in which the right to control the use of a specified asset (the underlying asset) is conveyed to a customer, for a period of time (throughout the lease term), in exchange for some consideration (periodic rental payments), if the customer has the ability to direct the use, and receive benefit ...

The current changes in the education system have been the topic of discussion in the contemporary world. Prevalently, education has met myriad changes as it transcends from the traditional method to present-day education. The old-style education involves the learning process in which the students physically interact with the instructors. Similarly, the traditional method countenanced the student to dig deep into their pockets to cater for the education expenses. Evidently, the old education was inconvenience and expensive to numerous students. The outcry of the students, have led to several institutions creating online programs called e-learning to permit the students with ...

Background

Also known as perpetual union, Articles of confederation involved uniting the 13 states in the United States of America who had become free from being ruled by the British. During this period, the Americans were scared of having a powerful central government. As a result, the articles were mainly meant to impede the establishment of a stronger central government. In these articles, the government had the freedom, sovereignty and independence but no power for enforcing the actions it carried out. It mainly involved agreements agreed upon by the thirteen sovereign states also, resulting into the first constitution they had. The first draft ...

The economic growth of United States became even better in the 1900s which also brought about the disparity of wealth between the rich and the poor. The government and Wall Street have been working together in order to formulate laws that will favour the banks and the rich community (Penner). When there is a reduction of tax payment the rich will be able to continue investing and increasing their wealth while the poor may increase their wealth but it will not be same because they cannot afford to take risks with their wealth. The politicians also get their funding from ...

Argumentative Essay

This morning at breakfast Mom and Dad had their weekly argument about paying off the credit cards. My Mom wants to pay off the credit cards before buying anything else or doing anything else with the family income. My Dad wants to put money in a savings account in case of an emergency before starting to pay off the credit cards. My Mom ‘claims’ that the interest is so high on the credit cards that we will be giving money away if we keep making payments instead of paying them off. She says that credit card companies play tricks on ...

Relevance

Premise
In the 70s & 80s, college costs used to rise at a slower rate than the cost of other services. But early in the 1990s, for some reasons, the price of college started to rise at a faster rate than the price of other services. For example: In 1971, the tuition fee of Harvard was around one-fourth of the median annual household income of $10,285. But in today’s world, the tuition fee has risen to the full value of the median annual household income to pay the full fee. For filling their tuition fee, millions of college ...

The efficient operation of a government requires that it adopts relevant mechanisms to control its national deficit. Even though the government can opt for other means of maintaining its national debt, the topic of sequestration is debated among many stakeholders in the servicing industry. The need to control the country’s debt has made sequestration a household term. The reduction in national debt requires that the national government initiates spending cuts in various categories of the federal structure. The process of sequestration relates to part of the Budget Control Act of 2011 that was scheduled to start at the start of ...

China and Russia are two significant members of the group known as the BRICs. The other members are India, Brazil and South Africa. While China seeks to use its economic influence in buying world power, Russia seeks to regain its lost political influence by challenging the United States and Western Europe. This paper seeks to examine and explore China’s use of economic incentives in the form of cheap loans to gain influence in Sub-Saharan Africa. It also examines Russia’s constant antagonism with the United States and its allies in Eastern Europe and the Middle East. The argument ...

Capital Asset Pricing Model

The primary role of capital market is allocation of ownership of the economy’s capital stock . Capital market theory extends portfolio theory and develops a model for pricing all risky assets. Capital asset pricing model (CAPM) allows determining the required rate of return for any risky asset. CAPM offers powerful and intuitive pleasing predictions about how to measure risk and the relation between expected return and risk. It is widely used in application such as estimating the cost of capital for firms and evaluating the performance of managed portfolio . CAPM has been the basis for calculating the required rate of ...

Thesis Statement

Child labour, despite the misgivings that many people have about it, has many benefits which have been overlooked. These benefits yield substantial positive change to society and individuals, and therefore child labour should not be looked with disdain.

Introduction

Child labour is looked down upon in many cultures, and in the western world, it is viewed as something akin to a taboo. However, this perception is based on the relatively good economic conditions that exist in western countries, and the established social culture where children are expected and required to be schooling for the better part of their childhood. This is ...

Should the U.S. provide its citizens with universal access to health care?

Interestingly, the United States is the only industrialized and wealthy nation that is yet to provide free and universal healthcare to its citizens. By far, the US is the Earth’s richest nation. Great Britain, France, and Canada have been able to provide its citizens with universal health care. The current health care situation in the US is affected by restricted access to health care and escalating costs. Insurance coverage currently determines the coverage of US healthcare system (Clarke, & French, 2013). Majority of US citizens are covered ...

The concept of corruption and its elimination has long been a problem for the Philippines since the country proclaimed its independence in 1898. Every administration had claims of corruption activities, enveloping the country in massive debt still paid today. While former and present administrations have denied corruption claims in their tenure, one administration had faced charged both locally and internationally due to evidences showcasing Philippine budget invested in clothing, jewellery, and eventually, the beginnings of a dictatorship. The Marcos’ 21 year regime in the Philippines cited the highest cases of corruption by a public official as he embezzled money from the public ...

This paper takes a position on the historical question: Which International Relations theory, at the system, and state level of analysis, is most helpful in explaining Russia's position in opposing the invasion of Iraq’s politics by the United States in 2003? This paper seeks to prove how the integration of the international system caused Russia to have a preference of global diplomacy over short-term economic gains from the attack of Iraq. First of all, it is important to know that the invasion of Iraq by the United States was triggered by the fact that the United States believed that Iraq, ...

Compare and contrast the most important points to development that William Easterly, Jeffrey Sachs, and Susan George & Fabrizio Sabelli Give in their books

Introduction

This paper analyzes the vital points to development in the books by William Easterly, Jeffrey Sachs, and Susan George & Fabrizio Sabelli. I will examine the three books one after the other, highlighting the similarities and differences. Importantly, the three books have diverse views about the developmental aid offered by the World Bank and the IMF. However, they all advocate for the establishment of stable, transparent and credible governance in the underdeveloped countries.

In his book, Easterly ...

An Argumentative Paper on the Importance of Sleep Quality over Sleep Quantity among College Students

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ENGL 106
Sleep quality is extremely essential for both adolescents and young adults because the brain is still developing. In comparison to sleep quantity, sleep quality has a greater impact on the cognitive performance, vulnerability to depressive symptoms, and life satisfaction of college students. Getting quality sleep enhances processing of social experiences and other information. Sleep deprivation studies demonstrate that low sleep quality adversely affects mental concentration, memory, emotional control, and behavioral competence. All of these aspects are vital to the growth of fundamental social interaction abilities and to academic outcomes. Low sleep quality also raises health ...

While there seems to be nothing to unhinge the economic development, whether in a global or regional context, now that military conflicts are history. Countries engage in mutually profitable trade relationships and enter into trade blocs, conduct strategic planning, develop their respective economies; however, a miscalculation on the part of one country can precipitate the entire region into economic crisis that inflicts all types of damage on the productive capacity, exports, and social welfare. The Asian Financial Crisis of 1997 was one of such regional disturbances that did serious economic damage to countries like China, Japan, Indonesia, and Malaysia. The reason ...

The debate concerning whether or not marijuana should be sold for medicinal purposes continues to rage with a vengeance. It is hard to imagine an argument that is more heated until one brings up the topic of selling marijuana for recreational purposes. Many argue that doing so is to break all of the boundaries set for the drug, making an illegal and supposedly dangerous substance available to the public at large. At least medicinal marijuana would serve a purpose for those who are suffering; why would selling marijuana for recreational purposes be a good idea? Despite popular opinion there are many reasons ...

Internships were, at their inception, a way for companies to introduce students and other unqualified professionals into the workforce. They have long been unpaid positions, although there are internships that are paid. However, in recent years, the economy has taken a turn for the worse, and companies have been offering unpaid internships to college students and recent graduates in lieu of a true position with the company.Unpaid internships certainly have their place in the business world, but there are problems with offering unpaid internships to college students and recent graduates. College students are often saddled with large amounts of debt, and any ...

Introduction

Motivation is the drive that an individual has towards a certain goal. Motivation contributes by influencing the effort and interest that an athlete puts to a task. Hager (124) in his study describes motivation as a personal matter because what motivates an individual at a certain time may not motivate another individual at the same time. To improve and maintain an athlete’s performance motivation is essential. Athletes who lack motivation are likely to skip regular session of training and hence may not get to fully train with the required intensity. Miller (87) in his study states that lack of motivation leads athletes ...

Hamilton and Jefferson are prominent for their titanic rivalry. The rivalry between the federalists and antifederalists reflected a profound impact on American history. The federalists represented by Alexander Hamilton represented the urban mercantile interests of the seaports while antifederalists led by Thomas Jefferson represented the rural and southern interests. A debate between the two was about the power of the central governing verse that of the states where federalists favored the former and the antifederalists advocated for states’ rights.
Despite their rivalry, both men believed in the revolutionary doctrine of natural rights. They both believed that the main role ...

After the economic crisis broke out in 2008, what economic system is best for the country, especially for the bank, becomes a hot topic between people. According to what we learned from the Great Depression, the British economist John Keynes state that government intervention can help a depressed economy through monetary policy and fiscal policy (Krugmanand Robin). Also, from what Keynes said and from the great depression, it also tells that too much freedom on the market will produce exactly the opposite results. Similar situations as to banks, during the recession, if the government can give the assistance at the moment, ...

Throughout the world, education is linked with income in the minds of many, particularly as they arm their children for the challenges of life. Getting a college degree is often equated with getting a better job and making more money; this is often the impetus behind pursing higher education for many people in industrialized countries throughout the world. However, is this true? Is there a correlation between the level of education one has and the amount of money they make? The following examines the literature available on the subject to gain an understanding of the pervading wisdom of academic professionals on the ...

I intend to discuss the use of the death penalty as a deterrent and the moral and societal implications that may have. Is the death penalty a deterrent and if so what can be learned from death?
Socrates was famously executed by the state for corrupting the youth and although he had the opportunity to escape his fate he chose to stay because he felt that he owed his life to his government.
He may have felt that way because in those times the Grecian government basically fed and clothed you, so it stands to reason you might owe a ...

Question 1

As president Barrack Obama’s second term of office comes to an end, several observations can be made about some of the positive and the negative effects he has had on the welfare of the American citizens as well as the country in general. Some of the achievements that Obama was able to realize include the fact that he influenced the congress to come up with better regulation on pertinent issues such as the rights of the gay people and immigrants. The topic of gun control is another contentious issue that president Obama also managed to address during his ...

A collateral contract is a separate contract besides the original contract that assigns the rights and obligations of the existing contract to an independent third party. Writings in such a contract form the basis of agreement between the parties in the original contract and the third party (Collins, 2003).
Collateral contracts should be in writing since they fall under the statute law of frauds. In the statute, the provisions are that collateral agreements require evidence in a form of writing, and it is only if they are presented in writing that the law considers them enforceable. Writings in these contracts ascertain ...

John Keynes, a reknown economist, argued that recessions are caused by the reduction of consumer demand within the economy. In his calssical understanding of recession John keynes believed that there was no way that prices and wages that are presented to labourers could be slashed in order to be able to help a given economy to be in a position to bounce back froma recession( Carbaugh 288). Keynes understanding of a recession was driven by the idea that because every participant within the economy hurts during a recession, it is not worthwhile to introduce a collective measure that would create more strain to the peiople ...

The word “communicate” comes from the ancient Greek – specifically, from the word “to inform.” On the basis of this one main goal, communicating to others as man’s basic necessity for existence has evolved, taking on diverse forms to serve more functions. One form of communication – and perhaps the most popular and most used today – is advertising, which aims to persuade. Advertising, in all forms and media, comprises a major part of the people’s daily information intake and dominates the nation’s culture at large. This is why advertisements are carefully planned and creatively done, usually having the most ...

According to the United States Department of Labor unemployment insurance is a kind of compensation given for those categories of workers, who are unemployed but not because their own fault. Such benefits are given during a specific period of time or till the time a worker finds a new job (United States Department of Labor, 2010). Besides, apart from regular unemployment insurance, which can be used up to 26 weeks, there are extended unemployment benefits and they are applied to those categories of workers, who exceed the time framework of the regular unemployment insurance during the time of high unemployment rate. Claims for ...

China’s Presence in Africa

China has long been known as a nation that has been a part of every history of each country around the globe. The nation has been known as a friend to many especially in the field of trade and business. They have introduced Western nations to rare and exquisite Eastern culture, cuisine and resources only one can find in the region. For the Eastern nations it has worked with, it was the Chinese who have introduced Western merchandise and traditions. At present, the country is slowly becoming famous not only for its economic boom but also due to its rapidly increasing power ...