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Student debt problem
Student debt problem
Statement of the problem higher education student debt
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Elizabeth Warren 317 Hart Senate Office Building Washington DC 20510
(202) 224-4543
While some may say that college tuition is a fair amount of money to pay for education, I say, along with many others, that college tuition is a broken system that robs students and their families and is responsible for hundreds of thousands of students in debt. College tuition should be lowered because the average family can’t afford it, the system is unfair, and way too many Americans are in debt because of the high prices.
My first reason for college tuition to be lowered is that the average family does not have enough money for higher education. The New York Times claims that the Median family income has risen slightly, to about $64,000, while median home prices have increased by about two-thirds. This can make it very hard for most families to pay off their house alone, better yet pay for college. Think Adviser informs that “The survey results, released early Wednesday, show that only 17% of Americans overall believe they can cover the expense of college for themselves or a family member.” This statement shows how low of a number of Americans think they can afford college.
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Time Magazine uses the comparison of a gallon of milk. “Tuition at Stanford University in 1980-81 was $6,285. Thirty years later, Stanford’s tuition had risen to $38,700. Tuition in 2011-12 is $40,050. If the cost of milk had grown at the same rate, a gallon of milk would now cost approximately $15.” Time magazine also states that “Since loans now comprise 70% of financial aid packages, the growing tuition burden falls squarely on student-borrowers who may have saved for college but who still can’t meet the high cost of attendance.” These statements show how unfair this system is to have such a growing price, and even if kids save up all their lives, they still cannot
As McArdle points out, the cost for a college education has gone up over the years, leaving students in debt. I agree with this statement, because a college education was more affordable years ago and now it has doubled it’s cost. According to the article, McArdle states “The average price of all goods and services has risen about 50 percent. But the price of a college
There might be a lot fewer Americans who need to seek others forms of public assistance.Due
It is no secret that the cost of tuition has been increasing since the millennials have arrived. High school graduates try to find themselves after graduating from high school. Some have no idea what they want to do, but those that want to further their education and have a better career will be the successful ones. One of the main reasons why college tuition should be reduced is so that students will not be in debt. Yes, there is FASA but not everyone is eligible for that. High school graduates don’t have enough money to pay for college, they barely have any money at all. College tuition should stay reduced at an affordable cost so students can afford it and not have debt.
College is one of the most fundamental institutions in our modern world. It is a place where most of our future politicians, doctors, scientists, and leaders are made. Though, it seems that the price tag that comes with a college education is something that is too hefty for some students. Countless debates go on about whether the price of college should be abolished or whether the cost still is on the students to pay for.
and tuition plays a major role in students’ decision for attending college. Students according to a 2008 national survey of roughly 1800 students who qualified to attend college 1000 students of those 1800 did not attend college at all. The main reason claimed by 80 percent of the “non-college-goers” was due to lack of money, more especially not enough grant aid. Although a student was well qualified to attend college having no financial aid made their choice to attend impossible. On the other hand, students who couldn’t receive enough grant aid sought other alternatives to go into college like getting loans. Depending on the amount of years one chooses to attend college it can rack up to an unbelievable amount. According to Edvisors, a financial aid website, “The class of 2015 graduated with $35,051 in student debt on average.” Imagine that! It’s no wonder that the students who didn’t receive enough grant aid chose not to attend college. It was because they did not want to accumulate a debt that in most cases they would have to pay throughout their lives, claiming that tuition cost is too much for
Tuition and fees has extremely risen over the past years which makes it extremely difficult for both social economic groups to invest in a higher education for their families. Today’s college students borrow and accumulate more debt than previous years (The White House). For instance, “In 2010, graduates that borrowed money graduated with owing an average of more than $26,000”(The White House). As a result, President Obama has expanded federal support to help more families and students to afford higher education (The White House). Also, he believes that it is a shared responsibility of the federal government, states, colleges, and universities for making higher education
Steve Cohen shows the disparity between the rising cost of college and a family’s capability to afford it. Cohen explains “Tuition has risen almost 1,200 percent in the last 35 years, and the sticker price for many four-year private colleges and out-of-state public universities exceeds $250,000.” Moreover, he goes on to say that even at public universities, it is about $80,000 for four years for tuition and other college related expenses. Later in his article, Cohen explains how this leaves middle-class families in a very uncomfortable situation. The parents or other money-making entities in the household want their student to go to college and earn a degree, but now there can be an element of stress in figuring out how the fees will be paid for. Furth...
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.
Attending college has changed quite a lot throughout the years. When it first arose, it was only accessible to the wealthy, and it was unheard of for everyone else. Only a few decades ago a bachelor degree could almost guarantee a comfortable job, and it was another advantage to any resume. In our current times, many students struggle and are unable to go to college due to the rising price tag that is not showing any signs of slowing down. A college degree is what most employers look for now-a-days, making it more essential than ever before. Unfortunately, it is becoming increasingly difficult to attain one. College tuition and fees should be lowered because 1) student loan debt is crippling for college graduates, 2) lower tuition will increase the accessibility of education, and 3) regulated tuition would lead to a
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.
Deciding whether or not you want to attend college is definitely a tough decision that needs to be taken seriously. The financial aspect of college is always the worst and most dreaded part, but it is many times the biggest deciding factor on which school you actually attend. Tuition rates across the United States are completely outrageous, and guess what? They are still continuing to sky rocket. Year by year the cost of college raises by a seemingly small about, but once it all stacks up and the final cost is all calculated up, it may bring you to tears. My question is, are you really getting your money’s worth out of college?
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.
Making College Tuition Cheaper I believe that college tuition should be cheaper for everyone no matter what economic level your family is in. College tuition should be very affordable for everyone, so everyone has a chance to get an education without being in debt. There are kids and adults all over the country and world that would love to go to college. Should universities turn down people because they can't afford it? Of course there are numerous scholarships, financial aids, and loans available, but sometimes they don't help everyone out that much because the average family can’t fully support the child going to college, and make a living comfortably in residence.
The first reason why one may say that college tuition isn’t too much is because they aren’t paying for it. There are students who are attending colleges and institution on scholarships and grants. They don’t have to worry about the costs because the government has given them free money to go to school because of their academics, athletic abilities, or any other ability one may possess. The second reason why one may say that college tuition isn’t too much is because they went to college years ago when the costs of everything regarding school was cheap. As it was stated earlier, college tuition is increasing every year. When these people were in school tuition wasn’t really much of concern. In California as of 2015, the tuition cost for attending a California State University is over $6,000 and over $13,000 for the University of California school systems (Henshaw). 10-20 years ago college students didn’t have to worry about the high costs and it was more affordable to go to school. The final reason why someone may say that college tuition isn’t too much is because they didn’t choose to go to school at all. If you didn’t go to college you wouldn’t have to worry about school
Yes, I strongly believe that college education should be free for everyone because Education is a basic necessity of our society these days. Free education wouldn’t just benefit one generation or one society but it can benefit the whole nation. If a nation is educated, then it can benefit the whole country and it can get better job opportunities for its citizens because in today’s world we can see highly paid jobs are knowledge based or require advanced technical skills. So in my opinion more educated nation would help remove all those flaws which are keeping country’s economy from growing rapidly. If the education is free in college then it can help a lot of those students who got good grades in their high schools but could not get into the college because of their financial situation. This way these kind of needy students who deserves to get a good degree and basically these students are future of America but they could not get it through