Student Debt

College students everywhere are worrying about the increasing costs of attending college to receive a degree to help their future. Costs of tuition, living, and other expenses are constantly increasing, causing stress levels of many people to rise as well. Loans are haunting students everywhere and many people do not know how they will repay all the money borrowed to get an education.

The average cost in 2011 for a four year institution is $22,000 per year. That number can scare any student away from trying to achieve a degree that can be life changing. These numbers are increasing yearly. With families in economic trouble college is one thing on the list of needs that could be erased.  This could harm many people’s lives though. In the working world these days a person needs a college education to receive a job.

Students in college are working to earn a degree to make a living once they have graduated college. This is a difficult situation because the job market is increasingly completive due to the combined effects of the recession and an ever increasing number of people that need jobs. To advance past certain levels of careers a college degree is necessary, but being thousands of dollars in debt just to try and get out of debt is a hard situation for many students. The major question here is that is four years of college worth being 20 years in debt.

There are however a different number of solutions to this problem. Four year state colleges are already much cheaper than a private education and with government aid nobody at state college usually has to pay full price. There are also different scholarships and grants that students coming from disadvantaged backgrounds can receive. This government intervention comes at a cost however as the nation’s debt is in the trillions and economic recovery is still in the future. The U.S. could possibly publicize college education like other countries such as Germany and the U.K. This is not an impossible idea because President Obama has already publicized health care in the U.S. regardless of concerns about whether or not the government can guarantee quality or price.

Student loans and the price of an education are major factors in the upcoming election. Families all across America are wondering what each candidate claims they can do about education in this country. Without getting into political rhetoric basically the republican candidate Mitt Romney believes in the current system of working hard to achieve a degree because it insures quality in the students and in the colleges. Obama is more concerned about how we can change the way students pay for college and has hinted at a plan where the government will take greater steps to relieve student debt through the government forgiving loans.

Morningside college student Joe Tarpey says his worry about student debt is not obtaining a job with a high enough income to pay his loans starting six months after his graduation. Life comes with many expenses and those on top of student loans can require a large amount of money that could possibly be impossible to earn.  Joe explained his experiences saying, “College is all fun and games for some people, but they need to realize the large amount of money they are putting into a degree should not be taken for granted.”

Another Morningsider, Erin Wissink is working to become a nurse practitioner resulting in possibly seven years of higher education. She believes her job choice will eventually pay for the time and money put into her education, but finds it discouraging knowing that to receive a better job later in life she will have to spend $75,000 on her education.  Erin believes, “A cut in tuition prices will increase the number of high school students enrolling in college directly after graduation.”

After speaking to a couple college students the struggle in college is not just receiving a passing grade, but also finding college to be a good economical choice. College costs are ever increasing and many students and their families are concerned about these cost. This will be an important topic in the upcoming election and Americans will want to know what their leaders are going to do about it. The future of American education is changing and it should concern students because it will directly affect them for most of their lives.

2 comments

  1. Nancy’s avatar

    Very nice! This is a really interesting topic! Make sure however to some how site your sources and where you get them from. Is there any way you can relate this a little closer to Morningside? Like interview someone from financial services on how Morningside is helping students with debt or scholarships. Other than that I found like two grammar mistakes so that’s no big, but the information provided is really good and informative!

  2. fuglsang’s avatar

    Yes, this is a good subject, but you can’t do it all in one story, Natalie. You’re trying to do way too much, especially when you get into Romney and Obama and the UK. Bring it down. Debt exists. Hoe do students feel about it? What can they do?

    The lead is OK, but probably one sentence too long. You can cut the “haunting” sentence, and maybe bring it back inside the story related to student concern.

    You also need to break up all the “telling” in the first four grafs. Lay out one bit of info, then allow a source to respond or explain. Then another point w/ explanation.

    You have two students (it’s Jon Tarpey, I think), which is OK, though they’re not adding much. Ideally you need to have someone from financial aid to offer some context here.

    SO, in the end: Focus, and get an “expert” to fill in some gaps and give you some clarity.

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