Student Debt Essay
Student debt in on the rise. It arises from the increasing college tuition costs. It makes college attendance prohibitive to many people. Additionally, it translates to a higher student loan debts. College is expensive, to a point that many people consider it a dream come true to attend college. The current developments in the world mean that there are an ever-increasing number of new courses. Moreover, the costs are on the rise to remain current with educational developments. Individuals who are disproportionately affected include people of color and the poor.
Student loans have played an integral role in ensuring that student attends and complete university education. Historically, student loans began with the opportunity for students to …show more content…
It should be noted that areas of the economy have rising productivity. In this regard, such sectors produce more with less. It leads to rising living standards and increasing wages. On the other hand, other areas such as education find it harder to increase productivity. The institutions of higher learning have to spend more money trying to increase productivity.
In 2010, the study debt was much higher than credit card debt. Specifically, it exceeded credit debt by $825 billion. Moreover, the student loans finance higher education. Productivity has not been increasing. The teachers are not productive in comparison to the 1980s. An issue arising is that institutions of higher education cannot apply the 1980s salaries to today.
Student loans have played an integral role in the number of students attending university. Many individuals, especially those who are economically disadvantaged, have gained immensely from student loans. A large number of colleges get federal spending through student loans. The student loan also encouraged the rise of for-profit universities and colleges. Through this, more students have access to a college education. The for-profit schools also gain when they enroll students. Specifically, they gain financial support from the government in the form of federal student loans. Among for-profit schools, federal aid accounts for about 25% of their
Student loans have played an integral role in ensuring that student attends and complete university education. Historically, student loans began with the opportunity for students to …show more content…
It should be noted that areas of the economy have rising productivity. In this regard, such sectors produce more with less. It leads to rising living standards and increasing wages. On the other hand, other areas such as education find it harder to increase productivity. The institutions of higher learning have to spend more money trying to increase productivity.
In 2010, the study debt was much higher than credit card debt. Specifically, it exceeded credit debt by $825 billion. Moreover, the student loans finance higher education. Productivity has not been increasing. The teachers are not productive in comparison to the 1980s. An issue arising is that institutions of higher education cannot apply the 1980s salaries to today.
Student loans have played an integral role in the number of students attending university. Many individuals, especially those who are economically disadvantaged, have gained immensely from student loans. A large number of colleges get federal spending through student loans. The student loan also encouraged the rise of for-profit universities and colleges. Through this, more students have access to a college education. The for-profit schools also gain when they enroll students. Specifically, they gain financial support from the government in the form of federal student loans. Among for-profit schools, federal aid accounts for about 25% of their