What Is The Problem Of Tuition Essay

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Unit3: Tuition problem
Higher education in the United State is not free, unlike other developed nations. For many years; college education was not that important, but now with not so many jobs available and a lot of people wanting jobs, it involves more education in order to be employed in a profession. The people with the higher education are more likely to get the job they want. Almost everyone agrees that the cost of higher education is rising. Now the biggest problem for students is to pay tuition for attending a school of higher education. Most students have financial issues during their college lives; I am also part of them. The cost of college has become shocking and students are dropping out of college with high amounts of debt. Some …show more content…

Most students who are deciding to attend college don’t have enough of a budget to pay for college, forcing them to depend on their parents for financial help. But what if parents cannot provide them with money sources? This would be very depressing to me. Every time tuitions rise, stress rises as well. I think it is because they are trying to make some new change to the school, and the money that they collect from tuition goes towards that new change. Some changes are supposed to be done for a good of the students such as good parking areas, food, convenience buildings, and transportation; but the effect from the high cost of tuition could hurt the institution as well. Some courses can be cut due to decreases in registration; this problem can lead to campus’s staffs losing their jobs. If the student does not have enough money to pay college fees, and they don’t want to go out and borrow money to join school, it causes in student attendance decreases because no one wants to be in so much debt for an entire life …show more content…

The E.F.C. says that this family will contribute $17,375 each year to a child’s college expenses. A $100,000 income translates into take-home pay of about $6,311 monthly. An E.F.C. of $17,375 means the family must contribute about $1,500 a month — every month for four years. But cutting family expenses by 25 percent every month is unrealistic”. Student loans are an option for students who need money to fulfill their tuition. Federal government sponsored programs like the Stafford Loan and the Perkins Loan for help students pay for their tuitions; these kinds of loans offer low fixed interest rates as well as delayed payment options. The Federal Direct Stafford Loan is a particularly great program, as it offers a subsidized option to qualifying borrowers. With a subsidized Stafford Loan, the Federal government will pay all interest on the loan for as long as the student remains enrolled in college.
Here are the lists of affordable repayment plans from the Edvisors web site, for more details go to https://www.edvisors.com/ask/faq/benefits-stafford/. This is trusted source of information leading by experts in the industry, such as David Levy, bestselling coauthor of “Filling the Fafsa”.
• Standard Repayment. Standard repayment is a form of level repayment, offering a fixed monthly payment with a 10-year repayment term.
• Graduated Repayment. Monthly payments under graduate

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