Essays on Student Debt

Part 1

Part 2 I agree with Akers & Chingos (2014) that, “increases in lifetime incomes of college-educated Americans have more than kept pace with increase in debt loads.” According to their research, the average household with student debt has experienced an increase in annual income of $7400 while total debt increased by only eighteen thousand dollars. The statistics show that income of educated Americans has been increasing at a faster rate than the increase in student debt and the increased annual income can pay the additional debt within two to three years (Akers & Chingos, 2014). The increase in borrower’s income ...

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 ...

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 ...

Blue collar jobs can seem like a lucrative and respectable choice for a career. They have several advantages such as the relative speed of vocational training compared to 4 year college, possibly better Return on Investment in terms of costs, and with potentially high enough skill barriers to afford a degree of protection and stability. However, in reality this is not the case, or is increasingly not the case as technology and the economy move us onto a different trajectory. In the near future, one of the key challenges is likely to be the replacement of large parts of ...

Thesis Statement

Credit card companies should not be on college campuses marketing to students. Credit card debt is already spiralling out of control in the U.S. and with their parents already embroiled in heavy credit card debt, the credit companies are now keen to capture the next generation of consumers. In the course of this essay, I will discuss why I hold this opinion and attempt to persuade the reader to my view through a presentation of statistics and facts concerning credit card debt and their crippling effects.

Why Credit Card Companies Should Not Be On Campus Marketing To Students

At eighteen, having worked hard and graduated from High School, the vast majority of ...