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The true cost of higher education
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One of the biggest problems college and university students today face is the overwhelming costs and fees required just to obtain a degree. It is one of the main factors of dropout and is only going to get expensive from here on out. Tuition for post-secondary education should be offered for free or cheaper because of all the finances and costs it requires. What this will do is, reduces a student’s total finances and debt to the government, provide more opportunities for the less fortunate/low income and be beneficial for society as a whole. If education is a right, why put a price on it?
America remains as one of the only countries to have such a high student debt and outrageous price for education. To put it into perspective, data via the federalreserve.org and WSJ states that according to from reports, it indicates that the total U. S student loan debt is around $1.48 trillion. In countries such as Germany, you can attend college for no cost, while in the U. S, millions of students struggle to pay off their student debt. This raises the question of why does Germany do this? Germany claims that most student debt results from high tuition and fees. Moreover, when it comes to the issues about costs, they try
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From a survey conducted by CNBC, 70% of students who have pursued a higher education are still paying off their debt and the average amount owed is about $60k. By having fees and tuition reduced will mean millions of students would not have to pay as much pursuing higher education. It would also reduce the number of debt students owes to the government and the percentage of people in debt. Lastly, students will not be as limited on what they can afford to do with their money, like buying more basic necessities for themselves. Overall, while other countries have already reduced prices and costs of education, it is not only beneficial if the U.S were to do so but as well as the students
In recent discussions of university tuition cost, a controversial issue has been whether post-secondary education should be free or still pertain high costs. My own view is that universities should not consider complementary education because of opportunity costs, unnecessary amount of graduates, and the possibility of the purpose and quality of education being altered. And isn’t government spending of education ignoring the holistic view of other vital crisis such as the immense $18 trillion national debt? By reserving the costs of tuition we will be able to maintain greater advancements to our nation.
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
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.
Imagine only paying for transportation, meals, supplies, room, board for college, and small college fees. This is exactly what other countries like Germany and Sweden are doing. Instead of having students pay an enormous amount for their education, these countries only require an individual to pay for their own basic needs with a small tuition fee as well. It is no surprise that students from the U.S are traveling overseas to get these benefits. In the meantime, colleges in the U.S have only become more expensive each year, and it’s greatly affecting graduating high school students since each student has to find a way to pay for his or her college tuition. The college graduates are then affected because they have to pay for the outrageous debt
The critical challenge within in today’s society is that college tuition should be free or if not free, more affordable for all students. Certainly, higher education should not be considered a luxury where only the wealthy could afford, but an opportunity for all caste systems. It must be an accessible and affordable opportunity for all students in order for them to invest in their education. Higher education is important because it provides more careers to choose from than the careers offered without having a college degree. Ultimately, the issue here is whether it is right to make college tuition more affordable for the students.
Studies have shown that college graduates on average earn more money in their lifetime than non-college graduates. But college grads who didn’t have scholarships spend years paying off student loan debts. Ronald D. Lankford, an editor and writer for the journal The Rising Cost of College, and Richard Vedder, a writer and economics professor at Ohio University, have written articles on their views of college costs and the reasons they think why it is so steep. Lankford, author of Introduction to the Rising Cost of College, explains why he thinks college costs are so high and how it affects people. Vedder, author of Pell Grants Raise the Cost of College and Cause Education Inequality, cites Pell Grants and financial aid as important factors in the rising cost of college. Although both authors offer strong arguments, I think Vedder presents the stronger argument because he has more credibility, being and economics professor.
Think about it, if people had money left over by the debt being lowered they probably would buy things from the stores and would get tax which means the economy would be making more money. The cost of college should be decreased, which would make the economy we live in a better place. The economy we live in today is pitiful from all the high priced things. “And yet, Baum says, somehow, families are paying for it. "And the reason people are paying for it is because the return to the investment is so high." No matter what a higher education costs them, most Americans think it will be worth it, she says.” (Sanchez, 2014). If the money for college was less students could buy the things that they need for college. Students could also buy things that they need in everyday life, such as food, tissue, or any necessities. If the amount was lessened and students had money left over it could give them the start of their new life. “Colleges have no trouble filling seats, even with rising costs, so they keep spending and increasing tuition.” (Lin,
As high school students begin to look into getting a higher education, certain factors determine what college they may look into: locations, academic profile, graduation rate, school size, and, to some the most important, the cost of the university. The cost of a university can play one of the biggest deciding factors in furthering one’s education. Many students do not have hundreds of thousands of dollars for college. There are many poor people in this world who want to attend college and earn a degree to support themselves and their family and be able to live a more comfortable life. Everyone should have the opportunity to go to college. Every year, college prices are increasing, causing it to be less affordable. This will discourage people
How does the rising cost of college tuition affect us? Every year thousands of students attend a college or university, usually of their choice, with the goal of achieving a higher education and to better their future. The cost of attending college is too high and it needs to go down; there needs to be more scholarship and grant opportunities. The high cost of attending college is a major reason that students aren’t able to achieve higher education; others take this as a challenge and it is motivation for them to work harder to achieve their goal. One might ask why would someone want to spend money to receive more education and miss out on more years of work that they could’ve performed? For many, it is so they can receive more salary for the jobs that they will have later in life, also so that they can get training for their wanted career. The cost of attending college is high and continues to rise without indications of decreasing. The rising cost has many benefits such as earning more pay, but it also has its disadvantages such as the debt that is accumulated from student loans. Not everyone can afford to drop down thousands of dollars and attend school for a few more years. Students who wish to receive a post-secondary education must decide whether it is the right choice for them depending on their financial standpoint, meaning that they must decide if they have the resources to further their education.
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
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.
Fighting the cost of college tuition is a hot topic these days. As long as I can remember, tuition has always been a reason why most people don 't pursue their bachelor’s or even associate degree. Today 's society has changed students are fighting for grants, financial aid, and even loans to pay through school. In order to be financially comfortable in the 15th century a college education is a must. It is an everyday battle getting financial support from a college’s administration. Colleges need to be more affordable, obtaining funds less stressful, and colleges must enact policies that condone these principles.
With the rapid growth of college tuition, it has become an important issue in higher education. College Tuition is simply defined as the charge or fee for instruction, at a private school or a college or a university. Most people agree today that college tuition is too high or that it needs to be completely dismissed. There are some however, that may disagree with the claim about college tuition and state that college tuition is necessary for college growth, and it’s primary purpose is to pay for college expenses to support the institution financially. Research shows that college tuition is too high and that debt has become a standard in America after attending post-secondary school.
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 ...