Why college Debt is worth it.

Professor: Denise 

Gamal 

Over the last ten years we have seen an increase in student loans; because of this we also have seen many discussions of whether if it is worth taking a loan for a higher education. Words like college-debt scare many students since they are worried about the decisions have made, these people see college debt as one more problem in their life and they argue that there is no sense to take a loan for higher education. They believe that after college it will be difficult to find a job, and pay their bills, and even more for a debt for their higher education. However, college debt is the risk that some people have to take in order to reach their goals. For the truth is that most people with a college degree have better job opportunities since they are a lot more skilled in some areas like reading, writing, leadership and analytical skills. In this essay I will demonstrate that college debt is worth it since the person is investing in his future and will have more job opportunities. Moreover, once you have bachelors or college degree you become a better citizen, educated, and you may have some debt after college but it will worth.

In the Essay “When College May Not be Worth the Cost: Examining Student Loan” written by Sarah Kavanagh claims that two-thirds of the students who earn a bachelor’s degree borrow to pay for higher education — many without being aware of how that debt may cripple them later. Moreover, in her essay she pointed out that a college degree statistically remains a good lifetime investment, but it often comes with an unprecedented financial burden, and I have mixed feeling about it. I agree that some students take a loan without being aware of how they are going to pay it later. That is why students are worried about the decisions they took of take a loan; for instance, there are some students that are not even sure enough why are they studying. Other students do not feel enough motivation going to college, and these people still going to college and taking loans, those are my reasons why on one hand I completely agree with Sarah Kavanagh; but on the other hand, I still insist that a loan for a higher education it is worth if the student is very motivated, and have known what their goals are, and then the loans won’t become as much of a financial burden.

For instance, if you are a student that is thinking whether or not go to college you have to think twice on your preferences. Think what do you like to do the most, and this will help the student to find a job after she/he graduates. There are many tests that a high school graduated can take without cost, in those test you can see your preferences and skills. There are many tools beside those tests to figure out whether you should go to college, and tools that show how much the student will pay after they graduate. These tools will help you to analyze whether a good decision is or not; furthermore some debt tools show people how much your payments will be after you graduate. The point here is that there are many resources but high school graduates are too young make this kind of decisions which that could enhance or ruin your life. Other point is that young people are not as well informed about the risk to take a loan. High schools should have programs to explain these problems. If you are very good at something, and you are highly motivated about going to college then there should not be worries on how to pay for college.

For those students who take a loan maybe less than one third are worried after gradate on how to pay a college debt, moreover there are students who are enjoying the privilege to be a professional, whether they have debt or not.

Yet some readers may challenge my view insisting that College debt is not worth it because the entire system encourages students to take out any kind and amount of loans they need without worrying how they will pay them back. But I am clearly explaining that loans are not for everybody. They are risky, but if you consider yourself as a good at what are you studying then you should not think twice to take a loan because the college debt it is worth it.

In recent discussions of college debt, a controversial issue has been whether young people should take a loan or not. In my opinion people who take a loan live in debt for a few years, and this is true, and I cannot deny it, but that is the sacrifice which some people have to do in order to achieve some goal. In order to succeed you have to give up something to gain another; for example you will give up some money from your pay check in order to pay your debt. But is this view realistic? What are the chances of this actually being adopted?  Well, let’s answer these questions; imagine living in debt for a while, for certain time maybe you will be short of money because you are just starting your career path, and also because you will be paying your debt, but, moreover, no one can take away the fact  that you are Engineer, Architect, Accountant or whatever career you have been chose to study.

“Real education must ultimately be limited to men who insist on knowing–the rest is mere sheep-herding.”

Ezra Loomis Pound (1885-1972) U.S. poet.

Like this quote says, the education is for people who are thirsty for knowledge, the same on taking loans, college debt it is worth it for those who really want to succeed and are willing to give up something in order to gain something better.

           

In the article “The Question You’re not Asking: Should You Go To College?’ written by Robert Brockway claims that in the long term there is not too much difference in terms of money between a person who graduate from high school and a person who earn a bachelor’s degree, at the end the person who earned a bachelor’s degree will earn about three hundred thousand dollars more in their whole life, which he argue that does not make any sense. From this perspective I respect their point of view, but at this point I would like to raise some objections that I have been inspired by the skeptic in me; some people may feel like I have been ignoring the complexities of the situation. The point here is not the money. Obviously with a bachelor’s degree you will earn more money in long and short term, but this is all about the vocation, not money. You can earn money working at any job, but you only live once so if you feel that you will be happy going to college, sacrificing some things, and following your dreams. Then it is the best option for you to take a loan. I assure the debt will worth it.

Student going to college develop the criteria, way to think, and become a well-informed citizen. Besides of your opportunity to get a better job you are investing in your future, so you are learning to make the best decisions for your life. “Education is the most powerful weapon which you can use to change the world” .Even if you have debt because your higher education, nothing will change that you are educated. They can take our money but they can never take our minds!

Works Cited

Brockway, Robert. "The Question You're Not Asking: Should You Go To College?" Cracked.com. N.p., n.d. Web. 08 Oct. 2013.

Kavanagh, Sarah. "When College May Not Be Worth the Cost: Examining Student Loan Debt." The Learning Network When College May Not Be Worth the Cost Examining Student Loan Debt Comments. New York Times, n.d. Web. 08 Oct. 2013.

Murray, Charles. "Are Too Many People Going to College?" The American Magazine, 8 Sept. 2008. Web.

Pound, Ezra Loomis. “When College is in doubt” (n.d.): n. Print.

Rose, Mike. "Blue-Collar Brilliance." N.p., n.d. Web.

Wallace, David Foster. "DAVID FOSTER WALLACE, IN HIS OWN WORDS." More Intelligent Life. N.p., 18 Sept. 2008. Web. 08 Oct. 2013.

"Nelson Mandela Steckbrief." Gutefrage.net. N.p., n.d. Web. 04 Nov. 2013

Works Consulted

"7 Major Misperceptions About the Liberal Arts." 7 Major Misconceptions About the Liberal Arts. N.p., n.d. Web. 04 Nov. 2013.

Addison, LiZ. "Two Years Are Better Than Four." Essay Two Years Are Better Than Four Comments. N.p., n.d. Web. 04 Nov. 2013.

Carey, Kevin. "Commentary." The Chronicle of Higher Education. N.p., n.d. Web. 04 Nov. 2013.

Foster, David Wallace. "DAVID FOSTER WALLACE, IN HIS OWN WORDS." More Intelligent Life. N.p., n.d. Web. 04 Nov. 2013.

Murray, Charles. "AMERICAN.COM." Are Too Many People Going to College? — The American Magazine. N.p., n.d. Web. 04 Nov. 2013.

Rose, Mike. "Blue-Collar Brilliance." The American Scholar:. N.p., n.d. Web. 04 Nov. 2013.

Audience

This essay is for Sarah Kavanagh, and Glenn Reynolds, also for my classmates who think that college debt it is not worth it.

Purpose

My purpose is to influence my opinion over my audience.

Role

I am in the role of college student.

Thesis

I will demonstrate that college debt is worth it since the person is investing in his future and will have more job opportunities. Moreover, once you have bachelors or college degree you become a better citizen, educated, and you may have some debt after college but it will worth.