Robin Wilson, in his article "A Lifetime of Student Debt? Not Likely" (2009) takes on the issue of the cost of higher education, specifically student loan debt. The decision to borrow to attend college often amounts to a "financial disaster." The increasingly high Student –loan borrowing is threatening the financial future of today's college students. Many factors have contributed to the dramatic increase in student debt, including the global economic recession of 2008, which led to a dramatic rise in college enrollment and consequently more students borrowing to pay for school. Students accumulate heavy student loan debts because they are determine to attend their dream college, no matter the cost.
Is Higher Education Worth the Price?.
Education is the best tool I can ever give myself for growth and comfortably in life, but I have questioned myself so many times that does it really worth it spending so much on education and incurring so much debt after all. Student loan has inflicted fear in me because it's so easy to borrow but hard to pay. My ultimate fear is studying a course in which after I am done and I won't get a job. The cost of education has increased so much making student loan to become very expensive. Higher education has been an integral part of my life but the problem has been that I have to finance my education through student loan. .
Robin Wilson states that "the decision to borrow to attend college often amount to a financial disaster" (257). Many factors have contributed to the dramatic increase in student debt, including the global economic recession of 2008, which led to a dramatic rise in college enrollment and consequently more students borrowing to pay for school. In the article "Is Higher Education Worth the Price." The cost to obtain college degree has reach its' pinnacle therefore amassing a huge debt. Struggles in day-to-day activities and pinching pennies have become daily occurrences.
