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What Is The Burden Of Debt In College Essay

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Almost every aspect of life can be a gamble, college is no different. There are some people that just do not belong in college. If one failed it could take years to pay back the massive debts. Even if a degree is obtained it does not guarantee a good earning in a professional field. There are plenty of glorified McDonald’s cashiers that have college degrees. College makes sense for those who have researched and prepared to meet the needs of society.

There is more risk involved in degrees like Communication or Psychology due to the fact that there is not a high demand in fields for these degrees. The low demand for jobs in fields such as communication, leads to people taking jobs that they are overqualified for or they become unemployed due to …show more content…
The risk is the result of the student not being able pay off their loan. The problem is that there are students who are taking these loans with the knowledge that they not have the future resources to pay them off. This is not a fiscally responsible practice for individuals and their government as it accumulates unnecessary debt. Which therefore can only greater compile interest resulting in a greater burden of debt. It however is not fair for the government to relieve the debts of these few to further burden the taxpayers. As a recent article states that: “The overall government loan program-currently totaling $1.26 trillion of debt” (U.S Wall Street). If the government intends on loading this off on to the taxpayers, the result would prove to be disastrous. The taxpayers already are under a great burden paying for grants and academic scholarships. The thought that an individual should pay for his/her neighbors poor decisions is observed as it is ethically wrong. The debt that the students received corresponding to the government loan should by definition be paid by the student who received such loan and should not be relieved by the

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