Friday, December 11, 2015

Research Blog #10: Abstract and Bibliography

Abstract

            This analytic research paper discusses the implications and repercussions that one is forced to deal with when taking out a student loan in order to attend and pay for college. Not only are there physical effects following graduation including having to prioritize paying off loans rather than paying off other bills, starting a family, or purchasing a house or car, there are also detrimental emotional effects. Through researching the statistics that come with student debt including how many students actually partake in taking out loans as well as how much the total amount of student loan debt United States’ citizens are sitting in, one can make the connection between the amount of debt someone is in due to loans and the amount of stress that they have. A connection between student loans and delayed adulthood is also something that is present in this paper. Not only are examples of the stress that student loans cause used in this essay, privatization and political involvement will be incorporated due to the fact that the student loan issue has become a political issue. Attending college after graduating high school is something that has become extremely normal today in the youth of America as well as taking out loans. There may not be a one true solution to fix this ever-growing issue just yet, but taking out student loans and the stress that comes along with it is something that needs to immediately be addressed.
Bibliography
Armstrong, Elizabeth and Laura Hamilton.  Paying for the Party: How College Maintains
            Inequality.  Cambridge, MA: Harvard UP, 2013. Print.
Blumenstyk, Goldie. American Higher Education in Crisis?: What Everyone Needs to Know.
            1st ed. Vol. 1. New York: Oxford UP, 2015. 1-155. Print.
Carey, Kevin. "Student Debt in America: Lend With a Smile, Collect With a Fist." The New
            York Times. The New York Times, 28 Nov. 2015. Web. 1 Dec. 2015.
            <http://www.nytimes.com/2015/11/29/upshot/student-debt-in-america-lend-with-a-
            smile-collect-with-a-fist.html?_r=0>.
Cloud, Robert C., and Richard Fossey. "Facing The Student-Debt Crisis: Restoring The
Integrity of The Federal Student Loan Program." JOURNAL OF COLLEGE AND
UNIVERSITY LAW40.3 (2014). Baylor University. Web. 10 Oct. 2015.
<https://btl.bayloralumniassociation.com/wp-content/uploads/2015/05/Student Debt-Crisis-Cloud-and-Fossey.pdf>.
Johnston, Jarrod, and Ivan Robertson. "Income-Based Repayment and Loan Forgiveness:
            Implications on Student Loan Debt." College Funding 1 Apr. 2015: 24-28. Print.
Kamenetz, Anya. Generation Debt: Why Now Is a Terrible Time to Be Young. 1st ed.
Vol. 1. New York: Riverhead /Penguin, 2006. 15-90. Print.
Konczal, Mike. "Generation Debt." Dissent 2015: 118-21. Print.
Kuron, Amanda. Personal Interview. 17 November 2015.
Maloney, Carolyn. "The Student Debt Crisis Solution." POLITICO Magazine. 4 Oct.
            2015. Web. 10 Oct. 2015.
Mettler, Suzanne. Degrees of Inequality: How the Politics of Higher Education Sabotaged the
            American Dream. 1st ed. Vol. 1. New York: Basic, 2014. 1-200. Print.
Stiglitz, Joseph E., and Linda J. Bilmes. "From The Price of Inequality: Joseph Stiglitz on
            the 1 Percent Problem." Vanity Fair. 31 May 2012. Web. 10 Oct. 2015.
Walsemann, Katrina M., Gilbert C. Gee, and Danielle Gentile. "Sick of Our Loans: Student
            Borrowing and the Mental Health of Young Adults in the United States." Social Science

            & Medicine 1.1 (2014): 85-93. Print.


Tuesday, December 1, 2015

Literature Review Blog #5

For my 5th literature review, I chose to write about an article from the New York Times that Professor Goeller sent to me. This article discusses the life and struggles that Liz Kelley had to deal with while not only attending college (graduate and undergraduate) but also when she was a wife and mother later on in life. While her story of having to put off college and graduate school to be in the hospital and eventually being forced to go back to school is not something that is unique. There are many people who have to prioritize student debt and paying that off rather than start a family. The amount of interest that is gained by the debt is also an issue for many people that become stressed out in order to try and put it off. 

The author of, "Student Debt in America: Lend With a Smile, Collect With a Fist was written by Kevin Carey, a noted NY Times contributor. He also writes for The Chronicle of Higher Education as well as edits for the Washington Monthly College Guide. 








Key Terms in this article that should be noted are:

1) For-Profit Colleges: Colleges that are making a profit from the students that attend and pay for it. 

2) Economic Hardship: Liz Kelley and many others in the Untied States are currently dealing with extreme struggles in their finances, even years after graduating college. This causes one to stress about their many bills that need to be paid. 

Significant quotes from the article are:

1) "There is much truth in this diagnosis. But it does not explain the plight of Liz Kelley, a Missouri high school teacher and mother of four who made a series of unremarkable decisions about college and borrowing. She now owes the federal government $410,000, and counting."

2) "This is partly a function of continuing economic hardship. But it also reflects how the federal government has become the biggest, nicest and meanest student lender in the world."


3) "The $410,000 total shocked her. The accumulated interest was more than twice the original principal. She was in a new relationship, but remarriage was impossible — who would attach themselves to that much debt? Because she had stayed home with her children for many years, she had contributed relatively little to Social Security. Her public teacher retirement fund was gone, along with the equity in her lost home. She, not her ex-husband, had borrowed for child care."








Link: http://www.nytimes.com/2015/11/29/upshot/student-debt-in-america-lend-with-a-smile-collect-with-a-fist.html?_r=0

Research Blog #9: Argument and Counter Argument

In my paper, I am showing how student debt leads to stress during college, as well as later on in adulthood. Having significant debt in college causes students to become stressed about paying off their bills and not thinking about other major life decisions until their debt is completely paid off. There are many sources that I have found that back up my notion that the growing student debt is a problem due to the negative effects that it causes, but, some of the articles, including Generation Debt by Mike Konczal say that there is a political aspect to solving this issue. I'm not entirely sure if we need a government bailout when it comes to student debt due to the fact that the United States is already in a great amount of debt. While everything may be debated, every source seems to know that debt for students poses as a major problem for years to come. 

Tuesday, November 17, 2015

Research Blog #8: Interview

The primary research that I will use will be an interview that I am in the process of finishing with one of my close friends who attends an out of state, expensive college, and will be in a great amount of debt once she graduates. She is currently a junior at Boston College, a notoriously expensive school. Although her parents have helped her tremendously, she will be in debt $40,000 as soon as she graduates. I learned that she is just like a lot of other students currently enrolled in college. Although she has more debt than the average amount, many other students can relate to her in terms of paying back their debt. 

Here are some quotes from our conversation:

Me: "How much debt will you be in, without interest, when you graduate college?"

Amanda: "$40,000. It makes me not want to graduate at all. I don't even know what I am going to do after I leave this school and graduate school is ridiculous."

Me: "You plan to go to graduate school?"

Amanda: "I have no choice. I'm majoring in psychology and in order to pay off my debt, I have to get a graduate degree to make a good living." 

Me: "Will you go right to graduate school after graduation?"

Amanda: "I want to, but with all of my debt, I'm not sure how I am going to pay for it. I'm scared to graduate."

Tuesday, November 10, 2015

Research Blog #7: Your Case

My case is to show how taking out a student loan can ultimately lead to one's stress as well as affect their decisions made in their adulthood. This includes purchasing a home and starting a family. Many people do not believe that this issue is in fact a social issue and affects many different people throughout the country. Instead, some take the student loan issue as well as stress as a private, internal issue. that can only be internally solved. I have researched and found many sources, and am still finding sources throughout my continuous research. These sources not only explain statistics that are involved in the student loan crisis, they also include real life examples of how student loans have created stress and depression among individuals. Other details that might be useful to my case would be how many students actually earn careers as soon as they exit college, as well as how much money all together people have to pay back, on average. 

Here is an online article that relates to my topic that I will be using in my writings: http://www.apa.org/gradpsych/2013/01/debt.aspx

Research Blog #6: Visual

When looking for a visual that relates to student stress, I came across a great amount of images as well as graphs that even started to make my head hurt. Finally, I decided to choose an image that relates to not only social aspects of our current generation, but also the fact that paying off student loans is relatable to fighting for the death; some students will be paying off their loans for the rest of their life. It is truly a battle.

This cap is a play on words to the popular TV show "Game of Thrones," a show where there are multiple characters that fight constantly in order to make it out alive and eventually rule the Kingdom. This picture not only describes a show that is 'relatable' to student loans and stress, it also is a picture of someone graduating college. Obviously, this person is aware that they have a decent amount of loans they have to pay off as soon as they graduate. This is an ironic, yet true picture that I will definitely be using in my Oral Presentation.

Source: https://www.pinterest.com/pin/451415562620466934/


Tuesday, November 3, 2015

Literature Review Blog #4

For my fourth Literature Review Blog, I looked at an article with coincidentally the same title as my previous blog post. "Generation Debt" by Mike Konczal discusses how the debt that college students accumulate is in fact, a government issue. This article would definitely be helpful in my writings due to the fact that I would like to include the idea of privatization in my final paper and see how this and the government truly affects the students that are in debt. This article will also be helpful due to the fact that it has been written recently and incorporates current political issues and potential presidential candidates. 

Mike Konczal is a fellow that works for Roosevelt Institute. He is most known for his famous blog, titled, "Roraybomb" where it has gained the attention of Time Magazine. He writes about the economy, unemployment, and financial reform. He is a qualified author and has appeared on CNN and PBS among many news outlets. 



Key Terms: Below are the key terms that I have found in this piece that will be helpful to my writing. 

1) Debt-free public higher education: This is an important term due to the fact that it is a foreseeable goal for many. This is an issue that has been discussed by many government officials.

2) State disinvestment: States are starting to not invest their money in public colleges, forcing them to turn to companies and corporations and resulting to privatization. 

Quotes

1) "National conversations on higher education are often dominated by a few elite schools, so they ignore the promise of mobility offered by the state systems, which educate some 70 percent of students" (119). 

2) "Student debt has grown faster than our ability to measure and understand it, but studies already find that student debt leads graduates to delay marriage, invest in a home, or start a business" (119).

3) "Research also shows that the burden of student debt reduces people's ability to take lower-paying jobs dedicated to the public interest, and instead pushes them toward higher-paying occupations--which contributes to the devaluation of already precarious jobs in care work and public service" (120).










Mike Konczal




Citation: Konczal, Mike. "Generation Debt." Dissent 2015: 118-21. Print.