How The Rising Student Loan Debt - 1318 Words

How to Control The Rising Student Loan Debt The American Dream teaches us that if we work hard, earn a good living, and do our best that we will be able to live comfortably and happily with the fruits of our labors. In today’s society to achieve the American dream, one must first obtain a higher education. In order to do that though many students are taking out student loans and putting themselves further in debt. Having an education has now become highly sought after, yet increasingly harder to get due to the high cost of attendance. According to the Wall Street Journal , â€Å"Average published tuition and fees at private, nonprofit four-year colleges and universities increased 14% between 2008-09 and 2013-14 beyond the rate of inflation,†¦show more content†¦Kelley Holland, a journalist at CNBC said, â€Å"Rising student debt levels are changing how millions of people approach major milestones and core financial decisions, affecting longstanding social and eco nomic patterns.† This should be a scary reality for our whole nation and not just those that is specifically effects. Recent graduates are putting off getting married, starting families, buying homes and even venturing into entrepreneurship all because they feel a heavy burden from student loan debt and struggle to stay afloat after graduation. If we cannot fix this problem soon the debt will continue to climb, making it impossible to for students to get out of debt and loan companies to receive payment back. Mitchell D. Weiss, a contributor at Credit.com said, â€Å"When so many student borrowers are falling further and further behind in their payments, postponing purchases of cars and houses, putting off marriages and having children, they are sending an unmistakable message. Why are we not listening?† We need to stop this epidemic of increased debt, reevaluate the problem, and find a way to fix it. This debt will not go away on its own, and students will go fur ther and further into debt without a good way to fix the problem. Eventually our nation will suffer all at the price of gaining an education. To solve this problem we must look at the cause of high student loan debt increases in recent years. TheShow MoreRelatedCollege Tuition1075 Words   |  5 Pagesown work. If I have used outside sources, I have acknowledged them through correct documentation.† Student Loans Today college tuition prices are rising. Paying for college can often be a stressful responsibility. A college education is very important for many students, but when stressing on how to pay for college gets in the way, it becomes more of a burden. Kim Clark effectively states the rising prices of college tuition in her article, â€Å"The Surprising Causes of Those College Tuition Hikes.†Read MoreCauses Of Student Debt902 Words   |  4 PagesThe term student debt has become a bit controversial in todays world; it strikes fear into the hearts of students and parents alike. This is because student debt is increasing at an incredible rate and everyone agrees that it is a major problem. Many solutions have been proposed to fix this problem, yet nothing has been done. This problem is projected to worsen in the near future. The causes of this are relatively simple and clear-cut. The increase in student debt is caused by a combination of factorsRead MoreCollege Debt Is Increasing Number Of Students1390 Words   |  6 Pagesthe last several decades, rising tuition rates and changes in federal and state policies, an increasing number of students are turning to college student loans. As a result of these changes in prices and policies, the percentage of undergraduates borrowing has increased from 37.8% to 46.2% for public 4-year institutions and from 48.5% to 58.9% for private institutions. According to one estimate, student loan debt has reached $1 trillion dollars, surpassing credit card debt (Reynolds and Brandon). MostRead MoreThe Vicious Cycle Of Student Loans1576 Words   |  7 PagesCycle of Student Loans Student loans are one of the top three national debts in the United States. Total student loans have reached an outstanding of one trillion dollars and are still on going. It would take the United States hundred-fifty years, twenty million dollars a day to fully cover this national debt. Student loans are intended for students to go to college but they come with a rising social and economic cost. As the expectancy of high return and tuition are increasing, more students are endingRead More University Tuition Costs are Too High Essay1239 Words   |  5 Pageshigher education is quickly rising. Over half of college freshmen show some concern with how to pay for college. This is the highest this number has been since 1971 (Marill and O’Leary 64-66, 93). The amount of college graduate debt has been rapidly increasing also. With limited jobs available because of the high unemployment rate, college graduates find themselves staying in debt even longer. Although grants and fina ncial aid are available to students, students still struggle to pay for theirRead MoreIs College Getting to Expensive?801 Words   |  3 PagesCollege is a place where most high school students want to be after graduation. They may want to attend as a goal that they have achieved for themselves for future goals and aspirations, or something that theyre doing for their family. No matter what the reason is, there is one thing that is for sure. College is not cheap and will only continue to become more expensive. With this, comes diffulct financial decisions for the parents of the attende and the students themsevles. Middle class families makeRead MoreThe Problem Of Rising Student Loan Debt1495 Words   |  6 Pagesproblem of rising student loan debt. Student loan debt is a problem that has begun to seep into the very mainstream of society as more and more individuals attend college, especially those with great financial needs. Personally, I am lucky to say that I do not need to borr ow money to attend IRSC which has been a major blessing that has allowed me to better my education. Unfortunately, the same cannot be said about my husband, who graduated from Florida State University with student loan debts aroundRead MoreThe Benefits Of College Tuition1285 Words   |  6 Pagesneeding a master’s degree to get a better job. College tuition has been increasing at a steady rate. Many students are finding themselves not having equal opportunity to attend college due the high tuition cost. A large number of students that do attend find themselves with a huge amount of student loans to pay. Colleges have raised their tuition greatly, created unequal opportunity and create loans that take years to pay back. The tuition for college has skyrocketed. â€Å"For the past quarter-centuryRead MoreEducation Debt: The Problem and Solutions Essay1125 Words   |  5 Pagesever-increasing tuition and ever-tighten federal student aid, the number of students relying on student loan to fund a college education hits a historical peak. According to a survey conducted by an independent and nonprofit organization, two-thirds of college seniors graduated with loans in 2010, and each of them carried an average of $25,250 in debt. (Reed et. al., par. 2). My research question will focus on the profound effect of education debt on American college graduates’ lives, and my thesisRead MoreCollege Costs and Debt Essay937 Words   |  4 Pageshas its effect in the future. The question is always â€Å"what do you want to be when you grow up?† As you age, the career dreams develop into a more mature answer. No matter how anyone is raised, there is always someone pushing at least one other person t o go to college. Then, that silly career question is turned around on them, â€Å"how exactly do you expect me to afford college?† Roughly, about $809.6 billion is spent on college in the United States each year. Along with all the money spent, deb comes trailing

Utility Ethics The Utility Essay - 1398 Words

Introduction Among the numerous variations of ethics is one entitled Utility Ethics. Utility ethics, also known as utilitarianism, â€Å"promotes overall human welfare† (Jones, Felps, Bigley, 2007). Moreover, utility ethics is the â€Å"morally right choice of action in any situation that produces the greatest good for all involved† (Calculating, 2014). This moral principle suggests that all actions should â€Å"produce more good for everyone affected by the situation and the least amount of harm† (Calculating, 2014). Moreover, utilitarianism suggests that the action that generates the most happiness should be chosen (Philosophy, 2016). In order to determine if an action is morally right or wrong, a utility test may be performed. The utility test will aid in examining courses of action that produce the greatest amount of good for all affected in a situation (Hamilton, 2012). Mattel Inc. is known as being the â€Å"world’s largest toy company† (Sethi et al., 2011). The article by S. Prakash Sethi and colleagues (2011) suggests that the multinational corporation has been faced with numerous complaints of unethical conduct towards employees. An important ethical issue that is raised in the case study is the treatment of employees. The unfair treatment of employees includes: â€Å"low wages, excessive hours, and unsafe working environments† (Sethi et al., 2011). The utility test will be applied to this ethical issue raised by Mattel Inc. Utility Test The utility test can be used to find the â€Å"morallyShow MoreRelatedThe Utility Of Utility Ethics Essay1408 Words   |  6 PagesIntroduction of the Utility Test The utility test is a means to derive how utility ethics fit into a given problem or situation. It analyzes the setting and determines if it is an ethical condition or solution. This test is otherwise known as the best outcomes or utility principle (Ethics Ops, n.d.). What is Utility Ethics and Why? Utilitarianism offers an idea of ethical conduct which embraces the mutual considerations of people as of greatest significance when making a correct decision (GustafsonRead MoreAct Utilitarianism Is Morally Right1492 Words   |  6 PagesAct Utilitarianism determines a morally right act as the one that produces â€Å"the greatest overall utility in its consequences.† (EC, p. 111) In Case 1 (EC, p. 124), it could be argued that Act Utilitarianism would support an individual purchasing a hybrid car due to the overall utility of the consequence outweighing the disutility. However, Act Utilitarianism has weaknesses to accompany its strengths when assessing whether an act is morally right or wrong. One problem of Act Utilitarianism, shownRead MoreUsing Utilitarian Ethicals to Determine Right From Wrong Essay1496 Words   |  6 Pagesanalysis will explore the use of Jeremy Bentham’s Utilitarian ethics in the decision making process for that company in this vital time. Th e Utility test and the Common Good Test will then be applied to this situation and through that decision making process and then compared. This will all be used in attempt to solve the current issue that was on the mind of all of the board members. Utilitarian Ethical Problems Utilitarian ethics focuses on the maximizing the pleasure and the minimizing theRead MoreUtilitarianism And Its Flaws Of John Stuart Mill s Defends Utilitarianism Essay1307 Words   |  6 PagesChristian Mangru Professor Grindeland Ethics from a Global Perspective 7 December 2016 Utilitarianism and its Flaws John Stuart Mill’s defends utilitarianism, an ethical theory according to which, as he puts it, â€Å"actions are right in proportion as they tend to promote happiness, wrong as they tend to produce the reverse of happiness† (155 Ethics). In other words, actions are morally right if they make us happy and actions are morally wrong if they make us unhappy. Utilitarianism is an ethicalRead MoreSimilarity Between Religion And Utilitarianism813 Words   |  4 Pagesprinciples. The ultimate goal for a utilitarian is happiness, which is also the main objective of religion. Utilitarian ethics replicates the main religious rules. A principle like not lying is wrong in the religious sense because it is against teachings while the same is wrong according to a utilitarian perspective because it hampers the attainment of utility. The principal of utility and the golden rule expresses the idea that an individual is concerns are on the same level with the concern of othersRead MoreEthical Implications of a Confidentiality Breach Within the Healthcare Industry1380 Words   |  6 Pagesthere are not absolute values in ethics. Utilitarian theorists posits the viewpoints that ethic defensibility of all actions or events are relative to the amount of utility generally defined as good that they produce (Mill, 1863). The course of action that results in the greatest amount of good for the most people is the one that is most ethical. There are a few key factors that help to determine utility, however. One is that actions and events that present utility for the mind and intellect are generallyRead MoreIntroduction The purpose of this paper is to examine an ethical dilemma faced by a company who1600 Words   |  7 Pagesthe moral implications this company has in continuing further manufacturing for their pacemaker client. An overview of utilitarian ethics will be discussed, focused primarily around 17th century philosopher Jeremy Bentham’s ideas about ethics. His framework will be used to present factors that influence the transistor company’s business decision. Finally, the Utility Test and Common Good Test will be applied to the company’s predicament to help determine the correct ethical course of action for thisRead MoreAristotle on Friendship Essay1134 Words   |  5 Pagesfriendship, books VIII and IX of the Nicomachean Ethics deal solely with this topic. A modern day definition of a friend can be defined as â€Å"one joined to another in intimacy and mutual benevolence independently of sexual or family love†. (Oxford English Dictionary). Aristotle’ s view on friendship is much broader than this. His arguments are certainly not flawless. In this essay I will outline what Aristotle said about friendship in the Nichomachaen Ethics and highlight possible flaws in his argumentsRead MoreEssay On Utopia And Utopia816 Words   |  4 Pagespeople are going to have different view on things. There’s always two sides to everything. When it comes to university, there are two visions: Utility and Utopia. They’re very different and lead to different metrics of success. In order to be success in school, it’s imperative to balance yourself between the two visions. Keeping a balance between utopia and utility can lead to path. They both explain a great deal about college. Although they both have different aims, they have one goal similar. The goalRead MoreOn Utilitarianism and Kantian Ethics 1681 Words   |  7 Pages1. Introduction There is little doubt that Utilitarianism and Kantian Ethics are by far the two most important ethical theories throughout contemporary philosophy. Though both attempt to answer questions about morality and behavior, the two theories have many fundamental differences: one evaluates actions in terms of the utility they produce whereas the other considers whether actions fulfill duty; one emphasizes consequence where the other highlights intentions; one sees desire as essential while

Who and Why I Am free essay sample

This is going to be hard to write. I don’t mean I’ll have trouble with the grammar or spelling, or with the composition. I know what I’m going to write and how it’s going to look. The only problem is that this subject is painful to write about. The experiences that have made me who I am are painful ones. While I’ve become grateful for them, they still make me cringe. I’m writing about them because it’s the only way you’ll know who I am and why I am who I am. This will truly explain it all. It’s just not always going to be pleasant. I was diagnosed with cancer at the end of seventh grade, when I was twelve years old. â€Å"Stage IV Neuorblastoma,† the doctors told me. I had never heard of it, and I didn’t want to find out. We will write a custom essay sample on Who and Why I Am or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page But I did, and that was just the beginning. I received five doses of chemotherapy, landed in the Intensive Care Unit many times, had a 13-hour surgery, made it through a stem-cell transplant that very nearly killed me, endured months of boredom in the hospital, went through countless scans, started two experimental medicines, and became radioactive for a week. There are no words for how horrible, how trying, how agonizing this all was. There were many times when I felt like I could not do this. Thankfully, those moments would all pass. I would come to see that there were only two choices: living, or not. I wanted that first one. I wanted it for my family, who was always by my side, and I wanted it for my friends, who stuck by me. They had set up fundraisers for me, sent me letters, and came to visit. These people were putting so much effort into making me comfortable and getting me well that I absolutely could not disappoint them. I was going to get well. Plus, I wanted it for me. More than anything else I have ever wanted, I wanted life. So I did what I had to do. I kept at it all, and when I would hit another rough spot, I would cry, certainly, but then I’d remind myself what I was fighting for. I would get through it all. I believe now that I have gained more than I have lost. I have been given the privilege of finding out who I can always count on. I know what is most important to me. I learned how precious life is, and that everything on this earth is a gift from God. I am truly thankful for everything that comes my way, whether it is a quiet day at home, a chance to see friends, or a good grade on a test. I feel confident in myself, and even though physically I am not strong, I feel stronger in spirit now than I ever have. I know what it is that makes me â€Å"me† and I know that I can rise to any occasion.

Colonialism and Atlantic World free essay sample

The social and Economic transformations that occurred in the Atlantic world as a result of new contacts among Western Europe, Africa, and the Americas from 1492 to 1 750 increased and decreased populations of the Atlantic world due to the slave trade and flourishing economy. Also in the Americas, European colonists stopped mining for silver, and moved on to agriculture. Due to the new contacts within the Atlantic world, economies flourished as new crops and food spread around. The sole reason for the spread of such goods was due to the triangular trade system and the slave trade systems, in which Europeans carried voyages over the three continents of Europe, Africa, and the Americas. As the Atlantic world came into contact with Europe, Africa, and the Americas, it was affected socially in many ways such as class separation in the Americas. As the European colonists wanted to maintain power in their colonies they were able to create new social groups. We will write a custom essay sample on Colonialism and Atlantic World or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page