Were the Loans for College worth it?

Going off to college is an amazing experience that can mature and grow your personality. You meet new people and get away from your parents giving you the chance to become more independent.  At least that is what most guidance consolers will tell you but is it really worth it?  According to College Data in 2016–2017 the average expense for a public school a year is $24,610 and if you decide you want to go to a private school it basically doubles to $49,320.  This is the amount of money they accept is reasonable for an average 18-year-old just graduating high school to pay off.

So now the question is how do I pay for it?  The first thing that people will encourage is that you try for scholarship money or loans.  Anyone who has ever applied for a scholarship knows that is a gamble.  Unless you are talented at a sports or have amazing grades with a winning essay it is unlikely you will have enough money to pay without loans.  Unfortunately, in our culture we take loans way too lightly.  The amount of debt the U.S. will allow some one under the age of 21 to sign up for is almost criminal.  Let’s just compare things you cannot do before the age of 21.

  1. You cannot legally drink alcohol
  2. You cannot rent a car
  3. You cannot go into a casino
  4. You cannot go to a 21 & up club
  5. Getting your 21 Driver License
  6. Marriage

All of the activities listed above have been accepted by the courts that you are too young to decide on your own to do before you are 21. Yet, going thousands of dollars into debt is not seen as too big of a decision for an 18-year-old to make.  There is a reason the ones above are listed; it is because these are life choices that have major consequences when made thoughtlessly.  Now, I’m not saying that taking out loans for college should be illegal but at some point there should be a limit.

Why do I believe there should be a limit?

I am currently a college student in my senior year. Now I am one of the lucky few to have money to pay for school because of scholarship money from several donators and scholarships for grades, sports, and great organizations like the NAACP.  Not only that but I have parents who never doubt my ability and will support me as much as the can.  As my father would say “Just doing enough for my family is not enough.”  I take my college education very seriously because I know if I fail I will disappoint everyone who believed in me and make the young girls that are in my area believe that graduating college is just a dream.  I believed everyone would view their education like I did coming into college knowing how much work I put into being able to afford this chance.  I learn very quickly that some people do not see the value in what they are doing.

Are you going for the experience or the education?      

I can confidently say that I have encounter several students along the way that sadly never had a chance to make it. Not all the student that get into college actually have the educational level they would need in order to pass the classes.  Now you may think that I am exaggerating but it is true.  They may had been able to do enough to get in but academically they were not ready.  The school can only help you so much with tutoring and maybe you do get a good enough grades to pass but any form of scholarships the school may have gave you is gone because you could do only the bare minimal leaving you to foot the bill the next semester.    Then there are the unwilling students.  These students are the ones who are not ready maturely so the do whatever, whenever they want.  These are the students that you know have the same classes as you but you never actually see them in class.  They are not concerned about student loans or the fact that someone is paying for them, either way they are wasting their money to have fun.  College should be an enjoyable experience however that should not be the reason you go but we have gotten so use to the idea in our society that there are even site for the best party schools and etc.

This is why I believe that there should be a limit to how much a student can take out when applying for loans. Most adults with student loans will tell you that they didn’t understand what they were doing at the time and how much it would affect their future.  College can be a great tool to further your education but that is only if you are ready to receive it.  Do not fall into the trap of student loans.

“What’s the Price Tag for a College Education?” College Data  http://www.collegedata.com/cs/content/content_payarticle_tmpl.jhtml?articleId=10064

 

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