Manjit Toor
Manjit Toor
Ms. Wolverton
English 1010
20 November 2012
How Expensive is College?
In his article, A Lifetime of Student Debt? Not Likely, Robin Wilson argues that student-loan borrowing is threatening the financial future of today's college students. He talks about how students fear high loans and have trouble paying it off. According to Robin Wilson," More often, the problem among students who go heavily into debt is that they are determined to attend their dream college, no matter the cost." His point is that students who want to attend one of the best colleges/universities will enroll into one of these schools no matter how expensive they are. Some experts write in his article that students who earn a degree in law, business, and medicine usually have higher debt because they are more capable of landing high-paying jobs. Wilson believes that borrowing for any kind of higher education is generally a smart idea partly because student loans carry low interest rates. Robin Wilson quotes Patrick M. Callan when he said," The only thing worse than borrowing is not borrowing and not going to college at all." He gives us many stories and statistics that show students either borrow sensibly, pay it back, and are better off for having gone to college, or some students who find themselves buried under the huge debt. In Robin Wilson's view," Sometimes the hope and dreams of an entire family can get caught up in a decision about where to attend college." His point is that college can be so expensive, that it causes families lots of stress and tension.
As Robin Wilson discusses in his article, A Lifetime of Student Debt? Not Likely, about the cost of going to college, similarly, Andrew Hacker and Claudia Dreifus, in their article, Are Colleges Worth the Price of Admission?, also observe that the price of tuition in both public and private colleges have doubled. Wilson, Hacker, and Dreifus agree that," For most Americans, educating their offspring will be the largest financial outlay they'll ever make." They also observe that graduating with six figures' worth of debt is becoming common. Along the same lines, in his article, The New Liberal Arts, Sanford J. Ungar talks about higher education is something families can't afford no longer. Ungar also talks about how people can only hope that education won't be so expensive. All these authors agree on the line that the cost of higher education is spiraling out of control, and how families/students have to deal with gargantuan student loan debt.
Works Cited
Hacker, Andrew, Claudia Dreifus. "Are Colleges Worth the Price of Admission?" They Say, I Say. July 11, 2010. Print.
Ungar, Sanford J. "The New Liberal Arts." They Say, I Say. March 5, 2010. Print.
Wilson, Robin. "A Lifetime of Student Debt? Not Likely." They Say, I Say. May 22, 2009. Print.
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