How can a student escape poverty after college if after every pay check they have to live as if they are in poverty because a large portion of their money went towards paying for an education?
College Debt
Every year, more and more students graduate with a lifetime of student loans that they are expected to begin paying off 6 months after graduation. Some students leave with $20,000 in student loans, others leave with $40,000, and others leave with much more. (Sandra) The point of a higher education is to help improve our lives, but with more and more students graduating with years worth of debt, it is impossible to encourage the younger generation to do the same. The problem is not that students are expected to pay loans 6 months after college; the real problem is the fact that after those 6 months, graduates are in debt for a large portion of their adulthood. College debt does not allow students to live their desired lives after graduation. If they are lucky enough to find a job in their career field, chances are that they do not begin with an immense wage. They start with an apprentice wage and they have to earn their way up. This is typical in the work force, but the fact that graduates are expected to support themselves, and sometimes even their families, while still being in debt, makes a higher education undesirable. In order to make college, or any sort of higher education more accessible to everyone, tuition costs should not have to cost a student 10 or 15 years of debt; tuition should be at a price that can be accessible to all, financial aid should be accessible to all of those who are attempting to expand their education, and scholarships should also be available to all of those who do not have the highest GPAs.
There are schools all over the United States which have a tuition cost of over $20, 000. If a student wants to obtain a degree along with an education, a loan seems like the only way out. But once that degree is obtained, students realize how much they have just spent. It is unreasonable that tuition at some colleges costs more than a new car at the dealer. And this is a yearly cost. Tuition pricing should be regulated in order for it to be affordable to everybody, not just to those with wealthy families. This is part of the reason why a college diploma is not always the solution to poverty. How can a student escape poverty after college if after every pay check they have to live as if they are in poverty because a large portion of their money went towards paying for an education?