A Lifetime of Student Debt Not Likely by Robin Wilson

Nicole Minabe Professor Parker RWS 280 March 10, 2013 The Beauty of Student Loans I owe $40,000, I owe $60,000, I owe $100,000. Isn’t that a lot of money for one person to owe? Graduates have been faced with a serious problem brought about by the constant borrowing of money to gain a reputable education. The debt of loans varies from person to person but the extreme amounts that individuals owe is something the media finds worth gossiping about. Little does the public know, in reality, all the commotion and conversation about these debts are not accountable for the majority of college borrowers. According to A Lifetime of Student Debt? Not Likely by Robin Wilson, she intrigues her targeted college audience by giving examples and providing†¦show more content†¦In Wilson’s example she believes that there should be no reason for â€Å"over borrowing† and the total cost of an education consisting of books, classes, and living expenses cost around the weighted average. Due to the biggest setback of students who are determined to go to the college of their dreams tends to put a hole in their wallet. In other words, Mark Kantrowitz, publisher of FinAid states, â€Å"students want to be able to pay for the school they have wanted to go to for as long as they can remember, and they are willing to do whatever it takes† (258). These college students unnecessarily pull out large sums of money, which consequentially result in an outrageous amount students realize they can’t afford to pay back. Furthermore, a second situation that causes large debts is going to graduate and professional schools. Those schooling debts are way more expensive than the typical undergraduate debt. As Wilson argues, â€Å"medical school graduates borrowed on average of $113,661. But this higher debt makes sense for people who earn degrees in law, business, and medicine because they are much more capable of landing high-paying jobs and paying off larger loans† (259). These situations are the exception s to the average student loans, which get confused on a daily basis. Wilson isn’t trying to discourage students from going to graduate school, but she is informing individuals about the end results. SheShow MoreRelatedShould Student Loan Debt Be A National Crisis?865 Words   |  4 PagesAlthough many people are considering student loan debt to be a national crisis, we must understand the reality behind it. Unfortunately not everyone is fortunate enough to make it through college without accumulating debt. In Robin Wilson’s essay, â€Å"A Lifetime of Student Debt? Not Likely†, she makes a compelling argument that shows how students get involved with really high debt. She claims, â€Å"†¦the problem among students who go heavily into debt is that they are determined to attend their dream collegeRead MoreA lifetime of student debt889 Words   |  4 PagesA Lifetime of Student Debt? Not Likely. Robin Wilson had quite a compelling article, showing the potential contrast with the debt vs. the quality of life and stability a degree can provide. Wilson overall points show that the American dream we are all striving for has changed. She is able to demonstrate this through the use of several anecdotes. Wilson interviews with various professionals to see how they use these degrees to better themselves. In doing so she highlights various pros and consRead MoreA Lifetime Of Student Debt Essay872 Words   |  4 PagesA Lifetime of Student Debt? Not Likely Countless people would agree that our country’s young adults continue to incur a lifetime of debt by enrolling in college. In addition, it has become a somewhat understood that when preparing to attend college, one might as well expect to graduate with a monstrous amount of debt. Very valid and life altering problems can arise with student loan debt. 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All the while he or she is wondering, â€Å"Is college worth it?† They rarely receive the answer they wish for. The truth is, there is no right or wrong decision. The amount of education a person receives should be catered to hisRead MoreWhy Students Take Out Loans And Wilson1941 Words   |  8 Pagesby the constant borrowing of money to gain a reputable education. The debt of loans varies from person to person but the extreme amounts that individuals owe is something the media finds worth gossiping about. Little does the public know, in reality, all the commotion and conversation about these debts are not accountable for the majority of college borrowers. According to A Lifetime of Student Debt? Not Likely by Robin Wilson, she intrigues her target ed college audience by giving examples and providingRead MoreEssay on Are Colleges Worth the Price of Admission?4197 Words   |  17 Pagescertification for their desired career field at vocational schools. Such schools certainly seem to have some valuable qualities: all boast of having lower costs than other colleges, of their absence of student loans, of allowing people to make more money quicker, of being narrowly focused so students don’t have to take classes they don’t need. They attempt to point out apparent weaknesses in liberal arts colleges as well, claiming that such an education is unnecessary in today’s world. However, for