write an argumentative research paper on Erasing student debt
Choose and argue a position (for or against something) or posit a solution (argue how to solve a problem). Within your argument you will clearly state your own position and refute opposing views.
Sample Answer
Sample Answer
Research Paper: Erasing Student Debt – A Path to Economic Equity
Title Page
Erasing Student Debt: A Path to Economic Equity
Abstract
This research paper explores the contentious issue of erasing student debt and its implications on economic equity. By analyzing the impact of student debt on individuals and society as a whole, this paper argues in favor of implementing debt forgiveness measures to alleviate financial burdens and promote economic stability.
Introduction
The rising student debt crisis in the United States has reached unprecedented levels, with millions of borrowers struggling to repay loans, hindering their financial well-being and economic mobility. This paper aims to advocate for the erasure of student debt as a means to address systemic inequalities and promote social justice.
Body
Background
– Student debt in the U.S. has surpassed $1.7 trillion, burdening individuals with long-term financial obligations.
– High levels of student debt impede young graduates from achieving milestones such as homeownership and retirement savings.
Reasons to Erase Student Debt
1. Promoting Economic Stimulus: By erasing student debt, individuals would have more disposable income to spend on goods and services, boosting the economy.- Evidence: A study by the Roosevelt Institute estimated that cancelling student debt could lead to a GDP increase of $86 billion to $108 billion per year.
2. Addressing Racial Disparities: Student debt disproportionately affects minority communities, exacerbating wealth gaps.- Evidence: Black students are more likely to borrow money for college and struggle with repayment compared to their white counterparts.
3. Fostering Social Mobility: Erasing student debt would provide a fresh start for borrowers, enabling them to pursue higher education, start businesses, or invest in their futures.- Evidence: Research shows that student debt forgiveness can lead to increased entrepreneurship and innovation.
Refutation of Opposing Views
1. Moral Hazard Argument: Critics argue that forgiving student debt rewards irresponsible borrowing behavior.- Refutation: The current student debt crisis is a result of systemic issues such as rising tuition costs, stagnant wages, and lack of financial literacy rather than individual irresponsibility.
2. Cost Concerns: Skeptics raise concerns about the cost of erasing student debt and its impact on government finances.- Refutation: Implementing progressive taxation or reallocating funds from other programs can offset the cost of debt forgiveness while benefiting the economy in the long run.
Conclusion
In conclusion, erasing student debt is not only a viable solution to address economic disparities but also a crucial step towards achieving social justice and equality. By alleviating the financial burdens of borrowers, society can pave the way for a more inclusive and prosperous future for all individuals.
Analysis
The choice of exploring the topic of erasing student debt stemmed from a deep concern for the financial struggles faced by millions of Americans and the desire to advocate for policies that promote economic equity. Through research, I have learned about the multifaceted impacts of student debt on individuals and society, highlighting the urgency of addressing this pressing issue. Moving forward, questions remain about the feasibility of implementing widespread debt forgiveness programs and the long-term implications on the economy.
Reference Page
(Include all relevant sources used in the research paper)
