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Business Letter Final
Business Letter Final
Business Letter Final
Graduated students often regret their college experience due to failures in the
education itself. According to a study conducted in 2019 by PayScale, 12.2% of all
respondents regretted their area of study. That is one out of every eight college
students that feel they wasted their time in higher education. Perhaps a better
statistic to analyze is what fields regret their loans. If they were enabled and
educated to re-pay these loans, then surely the only degrees with regret are not
economically viable? Wrong. Computer science, humanities, business, education,
social sciences, art, and health sciences all had more than 24% of their students
regret their degree. Some of those fields are admittedly not as vocational as others.
Although computer science and business are not considered low-paying fields,
because of how little they prepare for the real world – they are deeply regretted.
There are extreme and prevalent economy-wide issues with the way
American universities conduct themselves. After all, Forbes claims 1.6 trillion
dollars of our economy is tied up in student debt. This is money that could be spent
by the younger generations to buy houses, start families, and consume products.
Some of your political colleagues in the democratic party have their plans to solve
the student debt issue, and all of them rely on a direct economic stimulus. Most of
those proposed measures will not survive the US senate at this time due to the fear
of socialism. However, I propose a different breed of argument. According to
Forbes, 90%, or $85,000,000,000 of student loans are to the federal government.
Therefore, the United States taxpayer is footing the bill for these non-vocational
endeavors. That price tag is will continue to cost the same as it did last year, but I
hope that these measures would ensure that the money is better spent.
Sincerely,
Friedman, Zack. “If $1.6 Trillion of Student Loan Debt Is Forgiven, This Is What Happens.” Forbes, 3
Gruver, Jackson. “Biggest College Regrets - Compensation Research.” PayScale, 25 June 2019,
Pearson Education Ltd. “Edexcel NVQ and Competence-Based Qualifications (QCF) | Pearson
Mar. 2021.