This article addresses the problem with paying for college. There is a plus that you are guaranteed to end up making more money in your job because of your college degree but there is the problem that your parents who are paying for your tuition loose most or all of their savings that they put aside for retirement. BR pd 1
Does 1 million dollars really make a difference when you can have so many like the compound interest chart shows? But, this proves an interesting point that I think many people do realize, it is that student loans can truly affect your life for a very long time. And if you finish paying it off the money is just spent somewhere else to hopefully grow. I hope to get help paying my loans because then I can put my money into somewhere more beneficial to me in the long run. D.Lieb. Per.1
I think it's kind of sad that colleges are making the cost of going to school higher. College is for higher education and getting more money from our job because of the high education we are getting. But these college debts are never going away and it's sad to see that how much we could have been getting if we didn't have them. BS
At first I thought that college kids who borrow still come out on top, since they make thousands more than kids who skipped college. However, when connecting the article back to what we learned in class today, that paying for college can lose millions invested towards your nest egg, it was still surprising to see how much college debt can affect your entire life.
I knew that opting for college debt was bad, but now that I know more about the time value of money, borrowing seems even worse! -Shiana M. (period 1)
This article was a little daunting to read, seeing as the statistics shown could very well be me in the next few years. It definitely shows how important the time value of money is, and how much decisions you make when you're young can effect your future. It was beneficial to gain insight on the matter since it hits so close to home. After reading the article in class on how parents shouldn't be prioritizing paying for their children's education, but instead choose to prioritize their retirement fund and then reading this which states college loans are really hurtful to savings in the long run, it seems as though we as students are caught in a paradox where there is no real way to escape the system unscathed. -SV period 1
this article is about how paying for college is beneficial in part because it gives people job opportunities but paying for it will leave the student in a lot of debt that will increase after they graduate.
It's weird to think that college can have anything but a positive effect on your life. Yes in the long-term it is beneficial but paying it off also takes away years that you would be saving that money and accumulating interest so it can have a negative effect as well. NS pd1
Applying for colleges is stressful enough, but learning that the student loans will follow you long after graduating adds more stress! I don't think it's fair for people to have to stay in debt for such a long time just for them to realize that it'll affect their retirement. -J.Kim pd1
I didn't realize that college would take such a toll on parents' lives and our lives after college with student loans and debts. It's crazy! It effects your retirement and the amount of money you could earn versus the money you would lose if you didn't have a college degree. College life looks difficult both academically and financially. I've now opened up my eyes and realized that it's the little savings that count. Saving a little here and there or getting a job will all help a little pay for college loans and debts.
This article has taught me to not only appreciate my future college education, but also actually to go to college. The article shows the reader that it is much more financially reasonable to go to college than to go without it even though at first it is a very hefty cost. It turns out in the long run you will most likely be more successful from a financial standpoint
I think that if people really cannot afford college and need to take out a loan, then they should do it rather then not go to college at all because in the future, its going to be worth it. Like the article said, college graduates get an average of one million more than people with only a high school degree. You just have to know that you will be paying those loans back after college, but you have the opportunity to get a better job. I think going to college is a good investment because now every job that is beneficial wants someone who graduated college. LM, pd 1.
This article addresses the problem with paying for college. There is a plus that you are guaranteed to end up making more money in your job because of your college degree but there is the problem that your parents who are paying for your tuition loose most or all of their savings that they put aside for retirement. BR pd 1
ReplyDeleteDoes 1 million dollars really make a difference when you can have so many like the compound interest chart shows? But, this proves an interesting point that I think many people do realize, it is that student loans can truly affect your life for a very long time. And if you finish paying it off the money is just spent somewhere else to hopefully grow. I hope to get help paying my loans because then I can put my money into somewhere more beneficial to me in the long run.
ReplyDeleteD.Lieb. Per.1
I think it's kind of sad that colleges are making the cost of going to school higher. College is for higher education and getting more money from our job because of the high education we are getting. But these college debts are never going away and it's sad to see that how much we could have been getting if we didn't have them. BS
ReplyDeleteAt first I thought that college kids who borrow still come out on top, since they make thousands more than kids who skipped college. However, when connecting the article back to what we learned in class today, that paying for college can lose millions invested towards your nest egg, it was still surprising to see how much college debt can affect your entire life.
ReplyDeleteI knew that opting for college debt was bad, but now that I know more about the time value of money, borrowing seems even worse!
-Shiana M. (period 1)
This article was a little daunting to read, seeing as the statistics shown could very well be me in the next few years. It definitely shows how important the time value of money is, and how much decisions you make when you're young can effect your future. It was beneficial to gain insight on the matter since it hits so close to home. After reading the article in class on how parents shouldn't be prioritizing paying for their children's education, but instead choose to prioritize their retirement fund and then reading this which states college loans are really hurtful to savings in the long run, it seems as though we as students are caught in a paradox where there is no real way to escape the system unscathed. -SV period 1
ReplyDeletethis article is about how paying for college is beneficial in part because it gives people job opportunities but paying for it will leave the student in a lot of debt that will increase after they graduate.
ReplyDeletedanielle c
period 1
It's weird to think that college can have anything but a positive effect on your life. Yes in the long-term it is beneficial but paying it off also takes away years that you would be saving that money and accumulating interest so it can have a negative effect as well. NS pd1
ReplyDeleteApplying for colleges is stressful enough, but learning that the student loans will follow you long after graduating adds more stress! I don't think it's fair for people to have to stay in debt for such a long time just for them to realize that it'll affect their retirement.
ReplyDelete-J.Kim pd1
I didn't realize that college would take such a toll on parents' lives and our lives after college with student loans and debts. It's crazy! It effects your retirement and the amount of money you could earn versus the money you would lose if you didn't have a college degree. College life looks difficult both academically and financially. I've now opened up my eyes and realized that it's the little savings that count. Saving a little here and there or getting a job will all help a little pay for college loans and debts.
ReplyDeleteThis article has taught me to not only appreciate my future college education, but also actually to go to college. The article shows the reader that it is much more financially reasonable to go to college than to go without it even though at first it is a very hefty cost. It turns out in the long run you will most likely be more successful from a financial standpoint
ReplyDeleteI think that if people really cannot afford college and need to take out a loan, then they should do it rather then not go to college at all because in the future, its going to be worth it. Like the article said, college graduates get an average of one million more than people with only a high school degree. You just have to know that you will be paying those loans back after college, but you have the opportunity to get a better job. I think going to college is a good investment because now every job that is beneficial wants someone who graduated college. LM, pd 1.
ReplyDelete