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Effect of income inequality in us
Problems of income inequality
Social class inequalities in education
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It is no question the number of students that are in a position where they are completely devoted and dedicated to striving for an education seeking a great career. However, it's no surprise that to many of these students their opportunities toward their dreams begin to minimize when the concern for the cost of education is taken into account. The way financial aid is given out is considered to be unfair to countless people. Financial aid is a need-based aid given to students based off of their family’s financial information. To some this may seem like the most reasonable way to handle it. Unfortunately, it is not. While today financial aid is given based solely on financial need, I argue that it should be given based off a student’s grade point average. Most people today that collect financial aid drop out, flunk …show more content…
Financial aid money comes from the government; well, taxpayers are the ones funding the government. Which means that taxpayers are paying for the same students that do not even show up to class, much less pass, to go to school free of charge. In 1992 there was a calculation of how many students graduated from a four-year college (Bowen, Chingos, & McPherson, 2009). It reported that only 40 percent of students in the low-income tier actually graduated, compared to a whopping 72 percent of students ranked in the higher income tier.
The study shows that the students in the low-income tier that received financial aid did not even receive their degree. So, what does this mean? It means that millions of dollars that are taken out of Americans paychecks are going to complete waste; paying for those students schooling that do not even take their education seriously. While on the other hand that most of the large percentage of high-income students, that essentially graduated and received their degree, did not collect financial aid and are drowning in debt. Forced to pay back thousands of dollars in student
Financial aid is money in the form of loans, grants and employment that is available to a student to help pay the cost of attending. Financial aid comes from the federal government, which is the largest provider of aid, as well as state government, the school and a variety of other public and private sources.
college can be until they actually experience it. Some will succeed while others don 't have the time and patience for it; as a result, those will be forced to drop out. Stuart M. Butler, states that Less than 20% of students who attend a Community college will graduate within 3 Years, and 15% of those students will continue and get a bachelor’s degree within 6 years (Butler). This evidence suggests that students who attend at a community college and get a degree is very low, and is even lower to those students who will continue to get a higher education after 2 years of community college. So why should the government be paying for a student’s education, if less than half of students will graduate. Is that not a waste of the government’s money? Free college will not help students because students will not take advantage of it. But instead would rather abuse the program. This will affect the students in the future because students will not be getting a degree. This will lead to students having a harder time getting a high paying job to support themselves in the
which helps pay some or all their tuition depending on their qualification for the aid. It will be best if these aids are given to all students which will pay their tuition making community college automatically tuition-free. Qualifying for aid should not depend on ones income. As we all know most students attending community colleges are from lower-income families. In 2014-15, undergraduate and graduate students received $238.9 billion in grants from all sources, FWS, federal loans, and federal tax credits and deductions” according to the college board. This show that already the government is paying almost 75% of most community colleges student tuition through aids. It will be best if the government pays 100% of all community colleges tuition through the aid the government gives the college and qualification of getting the aid should not depend on student income tax. The obvious argument against my reason is that people will say that if the government funds for free community colleges it will increase taxpayers taxes. If the taxes increase , it will be put into good use to fund community colleges for free which will later benefit the country,because already the government is miss-using tax payers money for unnecessary things that benefits no one. As has been said education is the key for better
The idea of freedom and equal opportunity that America was built on has sadly been lost and replaced with a system of quality education only being accessible by the wealthy. In-state college tuition should be free for all students meeting admission requirements, allowing students from the full spectrum of economic backgrounds to have the same opportunity to receive the same education. The incidence of poverty in the U.S. is directly linked to educational level. When a college degree is earned, income levels rise (College Board). The best use of federal government anti-poverty funds is not another welfare or assistance program; it is to make college education affordable for everyone.
Children of the twenty first century spend nearly 13 years in school, preparing for what is college, one of the only ways to achieve the so-called “American Dream”. College is the best way to start an advanced career and go further than one possibly could if college degrees were not available, allowing people to achieve their view of the American Dream; whether it be large houses, shiny cars, multiple kids, or financial comfort, college is the stepping stone to achieve the American Dream. But all great things come with a price, college dragging along debt. Students who attend college struggle to find ways to pay for it, leading to applying for student loans. These loans a great short term, paying for the schooling at the moment but eventually the money adds up
... a family can spend more than 50% of their annual income on college. There is always community college. 75% of students who enroll in community college hope to one day transfer to a four year college. Only 17% of those people actually do though. Some of those people have dropped out. Low income students drop out to take care of children or family, say the commute is too much, or are struggling to balance still having a job and school. And colleges that are shown to enroll more low income students, often have limited resources and only offer certain majors. There is a chain reaction of those who have gone to college and those who have not. College degrees represent higher income and a higher social class rank. However college is not easy and there are many more obstacles low income students face as compared to high income students.
Grants, scholarships, and loans are the most popular forms of financial aid. To be eligible for college grants and/or scholarships, students have to meet a certain criteria. Income is an important asset to receiving most grants and scholarships. FAFSA is based off a students and/or parents income, and if the parents make over a certain amount of money, the student does not qualify for certain grants or scholarships. It is easy to see that it is close to impossible for middle-class families to pay for college when they have a mortgage and more than one child. Some instances parents do not financially support their child, forcing their child to work after high school graduation to support them self. It’s not very fair for financial aid to be partially based off of parents or guardians income as well as the
Higher education costs have been increasing at a rapid pace, faster than inflation for the economy as a whole, for the past fifty years. It started in the 1960’s when the federal government passed the Higher Education Act to increase the amount of people able to afford and attend college. Regardless of the Unites States Government efforts to increase the affordability of college, federal aid programs have not risen to expectations due to the ever-increasing college prices. To lower the price of college, the government needs to cut back on student financial spending to go only to the lowest income families and create tax incentives for families to start saving up on their own.
A decade ago, state governments paid about two-thirds of the cost of education at public universities per full-time student. People think that once their kids are in college that the end of paying; however, people have to pay for books, class, supplies, parking permits, dorms, and meal plans. Within the first year or two, the person usually drops out of college because of how much it cost. Just because college cost a lot of money does not mean that people should drop out of college, it is up to the U.S Department of Education. The Department of Education are the ones that help society choose what to do to help out children going to college.
I chose this topic because education is all around me. I am literally surrounded by illiteracy. From the moment I leave my door, to the moment I return, I am able to witness illiteracy in my society. Therefore, I could connect well to this particular topic in detail. So many children younger than me, of my age and also people elder to me do not have access to education. Even though 86.1% of the world is illiterate (CIA World Factbook), the other 14.9% have absolutely no access to education!
Proper school funding is one of the keys to having a successful school. Americans believe that funding is the biggest problem in public schools. School improvements revolve around funding. There needs to be funding not only in the successful schools but also the schools that aren’t doing as well. In documentary, Waiting for Superman, it talks about how smaller class sizes will help students. Funding is what will help the smaller class sizes. State funding mechanisms are subject to intense political and economic scrutiny (Leonard). Studies have shown that funding is inversely related to accreditation levels (Leonard). School funding needs to be increased, but there must be accountability as well.
“Student loans can turn what should be a blessing—an education—into a burden” (Dave Ramsey). Student loans can cause many graduating students to feel lost and helpless because they have so much debt after graduating. Because of student loans, college students think they can just get through college and pay the loans off easily after they graduate since they will be making money. However, sometimes it isn’t that easy. You can graduate college without taking out one single loan!
There are two different types of financial aid for college students, merit-based aid and need-based aid. Merit-based aid is given to students with good grades and allows them to not have to pay the full price of college tuition. This allows students who work hard in school to reap some form of reward for their efforts. Need-based aid gives students the ability to continue their education, when they would not have the money for college otherwise. The problem that is faced with the two kinds of aid is which party should receive the money, the hard working students or the lower class students?
Riley Whitman 11/11/15 Editorial Free College Many Americans today still debate whether or not out government and country should fully implement free college. Those who are opposed to this idea are concerned with quality and accountability of education for all. For those in favor of the expansion of education, free college represents one of the great hopes for a better world. Even in the poorest nations, people believe and support in the funding of the expansion of universities and other higher learning opportunities are wise investments. Being a college student, I disagree with the idea that the U.S. should implement free college for all U.S. citizens.
Fees and loans are too big of a load for young people to carry. A lot of students drop out do to the pressure of having to worry about all the loans they have to pay back after they are done with college. This should not be an issue to the student. According Iatham Emmmons, “Even worse, a large portion of students never receive funding at all due to the multitude of stipulations that must be adhered to in order to qualify for assistance. A major flaw in the current federal educational assistance programs is that the students’ parents’ income is used to calculate financial need” (Emmons 3). Even citizens who try to get help by applying for funding never end up getting it because they do not meet the needs required for the funding. Education should be p...