Almost every college in the country charge a student contribution fee, also known as the student registration fee. This figure varies between different colleges but currently a maximum amount of three thousand euro can be charged to each student. As seen above, back in 1996 all college tuition fees were abolished; far from the situation that we currently find ourselves in. Students. grants are available to some students but not all of them. Also there are tax relief systems in play which give families opportunities to get back some of the fees that they had to pay.(citizeninformation.ie) The government pay a grant in order to finance higher education so that the entire burden of payment is not on the family of students trying to obtain a degree. …show more content…
This solution, in theory would make third level education free. However, in his article “There is no such thing as a free education”(2014), Christopher Denhart feels that although in some ways the higher rate of taxation would be beneficial, he is more inclined to believe that it wouldn’t be a decent solution. He explains that overall, people would be unhappy handing over even more of their wages in order to pay for a system that would be of no benefit to them at all. Denhart examines the situation in Germany, where in 2014 all tuition fees were abolished and as a result taxes were increased. Denhart feels that a rise in taxes would “likely drive the most educated, highest earning, most able Germans away from Germany and into societies where they can take home a greater percentage of their pay.” Denhart also notes that the Germans may feel a strong sense of patriotism and so will be very reluctant to emigrate. A senator in Hamburg claimed that university fees would be socially unjust and they would discourage those with a lower standard of living to obtain a higher level of education. …show more content…
Firstly, this system would have to be based on the income a student receives for years after they leave college. Students who come directly out of third level education cannot be expected to have the funds necessary to pay off a huge debt. For example, if the student is coming out of a four year course that costs over 10000 euros a year, they would have to pay off at least 40000 euros as well as the rate of interest that goes along with the loan (The Irish Times,2015). This brings me to a factor where the rate of interest on these loans would have to be very low in order to incentivize students to take advantage of this loan system. It may even take years for the student to be in a position where they are earning a decent salary in order to pay off their debt. This is where we would have to bring in an incomebased loan system such as the one that Australia currently have in place. The Australian loan system states that if students are not earning a certain amount yearly, they do not have to start paying off their debt yet. (slate.com,2015) This system has been in place in Australia since 1989 and they haven’t shown any significant signs that they want to change it.
College graduates are already experiencing difficulty finding well-paying jobs and careers today. Free tuition does nothing to help grow the job market but just adds competition through degree inflation. This could cause degrees to be less meaningful and a rise in unemployment with college graduates aiming for better jobs. While we can acknowledge that these programs may be utilized in other countries with some success, many of these cultures have static labor markets, strict entrance requirements for their universities, and have other cultural limitations that prevent pursuit of degree by average or slightly above average students. A student who has only been academically focused without work experience, may not be the best candidate for a job as someone with less education and more experience. In fact, Germany, a country that offers free college based on merit, actually graduates fewer college
First of all post-secondary education should not be free because of opportunity costs. If money is spent on the development of free universities then taxes will
(Luebke). Most everyone wants to have higher education because it has value in this day and age. It opens up more career options, and lets them have more freedom to pick the career they want. With higher education being tuition-free, students might take their college education less seriously because they don’t have to pay for it (Should College Be Free? Pros, Cons, and Alternatives).
This topic is addressed in many different ways all around the world, as individual countries vary on the political spectrum from one another. For example, many of the Scandinavian countries provide post secondary education at little to no cost; in North America, we see significant variances in the cost of university between Canada and the US, with the States implementing much higher costs than here. There are pros and cons to consider for both extremes. On one hand, students in countries that provide education are likely to be less stressed about the costs associated with school, but taxation rates in those countries are typically much higher.
Doyle states in his article, “As of this writing, the total amount of outstanding student loan debt has been estimated at $960 billion (Kantrowitz, 2011).” Right now, there is only 7.4 billion people on earth, but not all of those people are in debt. So, massive debt with not near enough people to even cover the debt on the whole planet put this issue into perspective. Many people talk about applying for scholarships but scholarships can only cover so much of the price, and even then, the scholarships aren’t guaranteed. Now what about paying off the loans? How will that take? “First, incomes vary tremendously across different choices of majors and professions. Second, the incomes of individuals starting out in the labor market vary according to the state of the labor market at that time.” There are many different factors that go into this process. As stated in the previous paragraph, those who do both work and school are more apt to pay their debt off at a quicker pace. But, how much they make and how often they paid is another contributing factor. If the average college student is making minimum wage (part time) and is going to an in
Their claim might be that in having free-tuition colleges and universities the education system will lose its value on students. Whereas, knowing that students are paying for class course they are more focused and determined. They don 't want their money to be a waste. And I agree, however there are other ways to approach this. In Germany one still has to pay for their education, but with a small tuition fee and their own living expenses. In fact, international students at Germany have to pay an annual of approximately $6,300 in tuition and living expenses where 90 percent goes to paying one’s living expenses and the other 10 percent goes into university fees. After all in the U.S, the average annual cost for attending college is about $35,000 where about only 30 percent of that money goes to living expenses; compare that to the 90 percent in Germany. We should consider lowering the prices of tuition where students still feel the need to focus since after all they are still paying for the college classes. The ultimate goal is not to be free-tuition but to lower it just enough that individuals who want to pursue a career will be
Why should we be allowed to have the opportunity to have free higher education or decrease the cost of it? Going to college should be our right and cost of tuition should not affect our decision on whether to go or not. The ability to have free higher education with little or no cost can open the door and create many great different paths for us. The more education we have, the more opportunities grow, but that can’t happen to all of us due to tuition costs or even being in debt with loans for not being able to have the money to being with. With tuition being eliminated or decreased, people would attend college more not saying a lot would, but just the fact that more people would consider college. Germany abolished tuition which provides a model for the United
It is a norm and expectation in society today for students to pursue higher education after graduating from high school. College tuition is on the rise, and a lot of students have difficulty paying for their tuitions. To pay for their tuitions, most students have to take out loans and at the end of four years, those students end up in debt. Student loan debts are at an all time high with so many people graduating from college, and having difficulties finding jobs in their career fields, so they have difficulties paying off their student loans and, they also don’t have a full understanding of the term of the loans and their options if they are unable to repay.
As people of many ages wish to further their education outside of high school, they tend to take out student loans in order to fulfill this wish since the large tuition payment is not in their budget. Paying for an education that presents a degree seems easy to many by taking out large loans to pay for their education. Recently, student loans have challenged the economy of Americans. Education is perceived as a necessary expense to many, in which they do not mind putting a burden on the economy for. Many people believe those loans can be paid off in a matter of a couple years. However, this idea is misguided as many people do not pay their student loans off until their early forties.
By doing this system the student will know that when they make a payment of $5,000 to their loans, all of that amount will go straight to the principal since there will be a total amount of debt that doesn’t rise. The student loan debt as of 2016 is $1.26 trillion according to (https://studentloanhero.com/student-loan-debt-statistics/) . That debt has always been rising due to more people going to college. By getting students to pay for their debt with an agreed total interest, it will make the student debt go down. A way to do that would be to take it out of their pay
Similar to Americans, Germans value education and the educated are viewed as credible and higher in social status (Steckler, 2012). However, education at all levels is free in Germany, unlike in the U.S (Steck...
To this day, countless college graduates are still paying back their school loans from years ago with no foreseen future of the bills ever ending. To many, college is believed to be the best time of your life, where young adults get to be who they are with no adults to tell them what to do. However, years later when the bills start to seem like they are getting too much, it is probably because they are. School loans are ridiculous for the small snippet of what people actually learned and leave the universities with. All high school graduates in the United States should be given an opportunity for a tuition-free college education, following the model used in European countries.
The debt will only continue to grow with neglect, so the most effective action to take would be to eliminate the cost altogether. The argument for free higher education is not only an economic issue, but a moral one as well. Currently, social mobility in the United States is at or close to its lowest point in modern history (Eskow).... ... middle of paper ...
When fees are put in place in countries, many people find it extremely difficult to find the funds to pay for it, leading many people, and even most in some countries, to seek school loans. In the United States, for example, obtaining loans for university is the norm. These loans can weigh heavily on the minds of university students, and put inordinate amounts of pressure to perform well. This pressure can lead to students dropping out. This is quite understandable when one considers the degree of pressure a young person would feel if his school loan was collateralized against his family home. The pressure does not end when an individual graduates, since he must then begin to pay off the debts accrued while in university. This can lead to individuals taking jobs to which they are not necessarily best suited in order to get started on debt repayment immediately. Even still, repayment of loans can take many years, even decades, leaving individuals under the thumb of creditors for much of their working lives. With free university education, everyone can go to college without crushing debt burden, can study what they wish, and can leave with a qualification and no onerous debt obligations. Such a situation is certainly desirable, for it is better for citizens to be able to gain the career opportunities of a university education without being subjected to the torments of crushing
Free education allows everyone to study but with low intensity or levels of education. For example, governments with low incomes would not have enough money to employ professional teachers or provide students with all the technological equipment necessary in their studies; it is too expensive. In addition, with free education, the number of students will be impressive. It is important to emphasize that education is not the only responsibility that governments have. They also economically support other public institutions. According to OECD (2008), the major challenge for countries is to secure sufficient funding levels to enable tertiary education institutions to meet the growing expectations of society and respond to the growing demand by students. However, education without cost allows people the same rights and opportunities necessary to the development of an educated society with moral and ethical