A Lifetime of Student Debt? Not Likely by Robin Wilson

Nicole Minabe Professor Parker RWS 280 March 10, 2013 The Beauty of Student Loans I owe $40,000, I owe $60,000, I owe $100,000. Isnt that a masses of cash for wizard per tidings to owe? Graduates down been faced with a serious problem brought ab push through by the constant seize oning of money to gain a reput equal facts of life. The debt of loans varies from person to person that the ingrained amounts that individuals owe is some thing the media finds outlay gossiping nigh.Little does the public know, in reality, only the interference and conversation ab pop these debts argon non account adapted for the majority of college borrowers. harmonise to A Lifetime of Student Debt? Not Likely by robin Wilson, she intrigues her targeted college audience by giving specimens and providing aw arness that most individuals are pay back their schoolchilds loans within a timely manner with just a fewer sacrifices. Wilson emphasizes that the real reason individuals shit an outsta nding debt is beca procedure they are located to ascertain their dream college, no matter the cost (257).There are various(a) reasons why students take out loans and Wilson is determined to clear up the mix-up of student debt, she encourages college students to take out loans even with medias electronegativity, and lastly she tries to crystalize this targeted college group that debts are repayable with additional sacrifices but in the end, that debt was the lift out decision they bring in ever made. The majority of individuals overhear media and see newspapers headlining the exorbitant student loan stories. Is it going to be the careful yarn goaded by the data, or is it going to be the headline that faecal matter cloy people? (258). The media pull up stakes seek help-grabbing news by focusing on a headline that go forth scare millions of individuals. accord to a CNN line in 2006, they called student loans A Life Sentence and said immobilize about getting married and buying a home. This generation is brain about next months payment (258). While the media blasts out these so-called facts circling around the nation, college students are being frightened by the idea that student loans endure a negative impact.Not only is the media spreading the word but also graduates who have student loan debts themselves. In other words, a lawyer with $100,000 in education debt started a Facebook campaign importunity the government to free us of our obligations to repay our out of control student loan debt (256). Due to the nations unawareness, the actuality of student debt is coming out from hiding. Despite the titanic number of headlines or media emphasizing on fearsome student debt, in that location is a vast majority of graduates who have and can pay shoot their loans.As the prominent economist himself, Mr. McPherson states that, thither are 65% who face debt, the middling they owe is around $20,000. Thats just below the starting monetary value of a 2009 Ford Escape (257). He is arguing that if a extremity much(prenominal) as a car has a starting worth close to the honest debt, graduates should reconsider and realize that their problems arent as inviolable as one baron believe. Many individuals are so astonish they create panic among themselves and others that coiffure the idea of debt a larger slue than it really is.One of the causes for the outrageous debt is due to individuals borrowing an amount more than(prenominal) than necessary. In A Lifetime of Student Debt? Not resemblingly, Wilson states that, about 8% of undergraduates borrow at least double the national average out (257). According to financial aid experts, over borrowers capture most of the medias undying attention and frighten the targeted college audience to discourage them from taking out loans. An over borrower named Darla M. Horn, cherished to get far away from a small town in Texas and is trying to pay off her $80,000 undergraduate stude nt loan.She states, I could have gone to a public school in Texas for less, but I wanted to go to New York and start a new sustenance (263). For instance, Darla wanted specific attributes when deciding on how to croak her money on her education system. precisely what she needed was guidance from an expert to better settle and to further understand the consequences of over borrowing. In Wilsons example she believes that there should be no reason for over borrowing and the centre cost of an education consisting of books, classes, and living expenses cost around the weighted average.Due to the biggest about-face of students who are determined to go to the college of their dreams tends to put a hole in their wallet. In other words, Mark Kantrowitz, publisher of FinAid states, students want to be able to pay for the school they have wanted to go to for as want as they can remember, and they are willing to do whatever it takes (258). These college students unnecessarily pull out la rge sums of money, which consequentially result in an outrageous amount students realize they cant afford to pay back.Furthermore, a second situation that causes large debts is going to graduate and professional schools. Those school debts are way more expensive than the typical undergraduate debt. As Wilson argues, medical school graduates borrowed on average of $113,661. But this higher debt makes common sense for people who earn degrees in law, business, and medicine because they are much more capable of landing high- compensable jobs and paying off larger loans (259). These situations are the exceptions to the average student loans, which get confused on a daily basis.Wilson isnt trying to discourage students from going to graduate school, but she is informing individuals about the end results. She also emphasizes those students whom go onto higher education to be self-confident their job afterwards will be able to manage such high debt. Normally, in situations like these, gra duates tend to score better paying jobs to counter this large sum of money owed. A number of economists have suggested that, borrowing for any kind of higher education is a novel idea. College is a good investment, and most students take out too few loans, not too many (260).On the one hand Patrick M. Callan, president of the subject field Center for Public Policy and Higher Education argues, the only thing worse than borrowing, is not borrowing and not going to college at all (260). It is highly encouraged that students do get a higher education and according to the Project on Student Debt, many more students are borrowing now compared with a decade ago (261). Due to the wage increase number of borrowers, the education systems are getting more expensive but individuals still see the importance of getting an education in which experts are fully emphasizing.Additionally, a third reason why people have such high debt is caused by the familys religious interests. For families who be lieve late in the mission of a Christian college, this is a school theyll spend any amount of money on. This will make a colossal difference in my kids life that is beyond income, more so whether their kid is going to go to church on Sundays or whether they will raise their own kids in the church (266). The parents values are a crucial deciding factor when allowing their children to attend schools.Wilson decides to emphasize on this topic because parents who have set ethics for their son or daughter justifies an idea that they have to follow even if it might be an expensive option. The previous situations of those individuals who have enormous debt, higher than the average borrower, leads academic advisors to convey awareness on borrowing only what is necessary. According to a academic advisor, Mr. Saleh, we can advise students about what we think is right, and we will caution students but if they have the legal ability to borrow the money, we deliver prevent that from happening (265).Some universities are also helping to take motion to gain more awareness such as, New York University has begun contacting high-school seniors it has admitted to make certainly they understand the debt lad they could incur if the enroll (265). Even with these extreme debt outliers, there are a lot of individuals that are able to create a living and make the best of their situation. As Robert A. Sevier VP at Stamats Inc. states, they are graduating from college with $20,000 in debt they are going to graduate school, getting jobs, and buying homes within their mode (266).An out of state graduate from Bryan College had a student debt of $30,000. Due to this debt, Robert has to make some sacrifices such as driving a beat up car and not buying the biggest or best house on the block. But even with these set backs, Robert and his wife are still able to get by. He states, we definitely have been able to live like normal people, we have satellite TV, Internet, and we both have cellp hones (266). Robert knows he could of went to a different college in his state but he felt that the lessons taught at Bryan College wouldnt be lessons he could not have learned from some other university.When it comes to entertainment or weekend activities, the couple usually rents movies for $1 and encounter their families who live nearby (268). Robert is content about his selection of going to an out of state college but he has to make a few adjustments to his benefaction life. Another individual, Sara who graduated from University of Iowa has a student loan debt of $23,000. The sacrifices she makes is, every weekday her and her married man take their 9 month old bay to the babysitters house, drops Sara off at her office, and then the conserve drives himself to his own office (268).Due to the student loans, Sara sacrifices and limits themselves to only having one car, didnt buy the most expensive house, continues to breast feed their baby, use cloth diapers, and on weekends th ey get together over potluck dinners with other couples (269). But in the end, Sara thinks every dime she spent on her education was worth it. She was also smart enough to not borrow more than she could moderately pay back, knowing her intended major.Sara claims, I have a car, a house, a baby, and Ive been able to move forward with my life (269). If Sara and her husband wanted anything more expensive, the couple would be able to save up for more luxurious items. Since Sara became borrowing literate, she will pass on that knowledge to her daughter so she can start saving at a young age to lower the cost of potential debt. In conclusion, Wilson portrays an analysis for raising certain debt issues and uncovers individuals with counter examples to support her argument.She uses this argumentative phrasing throughout her entire short story to resolve the current confusion her targeted audience experienced and emphasizes the importance of borrowing even if it causes debt. Also, the way s he social organisations her story starts off with the problem statement about the confusion of student loans, the negativity that media portrays on debts, and lastly the personal stories to counter the argument to accentuate that graduates can still partake in a normal life with problematic scarifies where they say debt was the best decision they have ever made.Wilson decided to structure her story in a way to exercise her expertise so the target audience understands the big picture. Additionally, Wilson is warning those individuals who attend a more expensive college, to be aware of the costs entailed and know future sacrifices will follow. The education system is continually growing in expenses and she fully emphasizes to not fall into the trap of becoming an over borrower. Works Cited Graff, Gerald, Cathy Birkenstein, and Russel Durst. They prescribe, I Say The Moves That Matter in Academic Writing With Readings. New York Norton, 2012. Print.