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Future about education
The rising cost of education
The future of education in general
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Going to college has been getting more expensive every year since colleges started. Going to college gives a student a chance to find a career in their major of choice. The only problem is that it isn’t always guaranteed. There are millions of graduated students that can’t find jobs in their major. Most of those students have student loans that they still owe and can’t afford to pay off. The average student with student loans owes over $25,000 and that doesn’t include all that interest that piles up every month. The United States should make college tuition free for everyone that has a high school degree. That can be achieved by making colleges give free tuition, changing the way interest piles up, and by lowering the military budget.
College
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Instead of charging interest each month, they should charge a set amount for your total debt to cover the interest and it would be lower. For example, if a student owes $30,000 the total interest would be $40,000 if paid off within 10 years of graduation date. There would be brackets of debt that would determine that end amount that you would owe for your loans. That way it will be easier for everyone to know how much they will really owe in 10 years. 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 …show more content…
People always say that nothing is free and that someone has to pay for it. The US should stop spending money on things that are futuristic within their military budget and make their citizens smarter by giving them an equal chance at higher education. Having free tuition and only having to pay for books while the government takes 10% of each check until $25,000 sounds like the best way for everyone to get a chance at finding a career instead of a minimum wage job. The way interest works should change and give you a set amount of money you owe and everything goes to the principal. Look into what the military has spent billions of dollars into and see how much money was wasted on ideas that might not happen like an “Iron Man” suit with a current budget of $80 million. The easiest way to get free college tuition is by lowering the military budget
While most people want college to be free, the U.S. should not make tuition free for all citizens. There are a number of reasons like taxing families who already have it hard, quality in education, rationing, and if people see that they do not have to pay it may lower the value in which they won 't take school seriously. Tuition free college is impossible because at the end of the day someone will have to pay for all those students attending. For example, “In college I was invested, I was paying,” The former student said, “Once it entails a cost, it’s not easy to just say, Oh, let’s not go to class today. You’re just hurting yourself” (qtd, in Make College Affordable, but Not Free). Student who barely made it
As you can see, there are more drawbacks than benefits to free college tuition once you look past the surface of it. Like I said before, at a glance, it seems perfect, flawless. However, take a deeper look and see all of the things that would need to change in order to sustain nationwide tuition-free higher education. It is not as simple as it sounds, student debt may go down, but how many other people are we putting in debt to make up for the loss of funding going to schools through the tuition that we have
In recent years, there has been a tremendous increase in student enrollment in higher education after high school effecting the need for financial aid for all students. Education has become a growing part in America where more students want to better their lives with a college education. However, the cost of college tuition has increased and more students find themselves struggling to pay off the enormous tuition rates. In a recent study by the Consumer Financial Protection Bureau, student debt has reached $1 trillion in federal loan debt. Student loan debt has crippled the economy and students are struggling to pay off federal loans. In order to help students with the high tuition rates of college the government and universities offer
According to Trade Schools, Colleges and Universities “Many of America's top-performing high school students never apply to the most challenging colleges and universities even though they have the ability to succeed at them. They often come from minority and low-income households and end up pursuing more affordable, less-selective schools instead.” College can be a burden to many students in a variety of different ways, but the most common reason is due to funds. Making college free for students will help this problem by increasing jobs in the work industry that require degrees, they should be affordable to all people at all cost, as well as the funds should be completely cut off because it would increase jobs and help America's economy grow.
According to Steven Goodman, in his article Why College Tuition Should Be Regulated, “two-thirds of American undergraduates are in debt” (Why 1), which is ridiculous considering the fact that they have not graduated yet. Even though he said that in 2011, it is very aware that it will continuously go up if no one puts a stop to it. Students even take out loans because their financial aid cannot cover up for their
There is no doubt that college is expensive, price tags for some universities go over a quarter of a million for just a bachelors degree! (That’s if you graduate in four too). The extravagant price for college is no doubt crazy. Trying to better yourself and your future shouldn’t cost $250,000 plus. If public universities were to be free a plethora of problems could be solved instantly. According to Forbes the National student loan debt has surpassed 1.2 trillion dollars (Denhart )! This number is growing exponentially as more students enroll in to college. Why question then whether college should be free? Well, this number is the total amount of student loan debt from all students that have exited college. Some of these students are freshly graduated while some are aged with the wisdom trying to pay their loans back. If public universities were to be free and funded by our federal government, our government would pay this amount within ten years. Relatively a short amount of time considering that the student loan debt is an accumulation debt from students that have graduated more than ten year ago, also this also greatly increase with the following years as well.
An education is one of the most important tools a person can acquire. It gives them the skills and abilities to obtain a job, earn a wage, and then use that wage to better their lives and the lives of their loved ones. However, due to the seemingly exponential increase in the costs of obtaining a college degree, students are either being driven away entirely from earning a degree or taking out student loans which cripple their financial prospects well after graduation. Without question, the increasing national student loan debt is one of the most pressing economic issues the United States is dealing with, as students who are debt ridden are not able to consume and invest in the economy. Therefore, many politicians and students are calling on the government to forgive their student loan debts so that through their spending the slowly recovering economy can finally return to its pre-2008 strength.
Most people today accept the debt that comes from college. Students consider student loan debt as a “good debt.” They see other students make this mistake but follow their path anyway. Nearly 80% of college-bound students have not projected the total amount of money they will need to graduate college.
With student debt at an all-time high, parents want loans to be a last resort when in need of money for their child’s college tuition. “Money is a major concern for many high school students (and their parents) who are weighing college options” (Austin). Debt is a serious matter and is a hard thing to pay back. Another controversy with college tuition is not every person gets to have the chance to attend college. With colleges having a monthly payment plan, there could be a possibility that more students would have the ability to experience college and more would graduate with less debt. Rather than the necessity of having the whole college tuition for that school year, students would b...
Calling a college education “free” is a contradiction because nothing in life is truly free. Someone will be responsible for paying for this education, even if it is not the person receiving it. To support this flood of hopeful college students, the American Government will have to heavily tax the working and upper classes. Taxes will have to be inflated to compensate for the price of college, and in some cases, may become outrageously high. If the upper class becomes constantly taxed, what keeps them from dropping down a class? What keeps the middle class from becoming the lower class? In an extreme situation, if the middle and upper classes were constantly taxed, there risks a problem of creating a bigger class divide. Maybe the plan to pay for college education starts out with only the rich being taxed. In America, there are roughly 324 million people. This number increases every eight seconds, so there is a constant increase of citizens. Imagine if half of that number decides to go to college. College education is free for them, but their tuition is paid for by the upper class. Now, average college tuition runs for about $9,410 for State Universities, and around $32,405 for out of state students. This amount of money, per student, is paid for by the upper class’s taxes. Taxes are raised higher and higher to pay for all these students until they cannot be raised any further. The upper
Community colleges in California should offer two years of free education to students that are responsible. First, by making community college free for two years, struggling low income families can get a two year education at their local community college. By going to a free college people can save money for two years and transfer out to a better college with the money that they have saved. More student will switch from expensive colleges, and come to a less expensive college and acquire their Associate's degree. Next, some of the students will realize that they are going to graduate from an expensive college, and they are going to leave with a diploma and a huge debt in loans. Some people just need an Associate's Degree to get the job that they want and people can get that in two years. For example to become a police officer, people need an Associate's degree, and be twenty one years of age. Last, the crime in the cities will be reduced if community colleges would offer free education. Most people that are in the streets doing bad things are the ones who dropped out of high school because college was going to be too
Webley pointed out that paying off someone’s debt who has timely paid their monthly bill for ten years compared to someone who is often late with the same amount of debt, is not fair to those debt payers who’ve already dutifully paid so much towards their debt. So, it brings into question the fairness of those who are undeserving are able to get their debt all paid out too? Applebaum’s petition stated that if students were cleared of all debt, they would be able to return money into the economy much quicker, instead of having to put money directly into their debt payments. Although that sounds like a great idea, Webley pulls in a quote from an article written by Justin Wolfers blog Freakonomics explaining how uneven that idea would really be like. I think Ms. Wolfer’s example is very important and well
... Or we could also look at “Implementing new taxes on speculative Wall Street transactions” (Redd) as famously advocated by Senator Bernie Sanders and lastly “Cracking down on wasteful government spending” (Redd). All the mentioned solutions could bring about free higher education at no cost to the American taxpayer. Ultimately, the United States should bring forth a free, government-subsidized, higher education, because of its benefits to the economy, creation of equal opportunity, and the resolution of the student loan crisis. Even though it will require funding, there are certainly innocuous alternatives that could provide this, rather than putting the extra stress on average American taxpayers.
Free college in the United States is an unrealistic dream that cannot and should not be implemented. Free college has been implemented in other countries; however the United States’ education system will not properly function as well due to several reasons. In other countries around the globe, higher education has been largely free for those who meet the admission standards. The U.S. already provides free secondary education for all students However, this free system of education does not properly prepare students for college.