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The problem of debt in education
University education be free
The problem of debt in education
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Nearly every country in the developed world, and more and more in the developing world, provide free primary and secondary education. Such education is generally uncontroversial and accepted as necessary by both liberals and conservatives around the world. In the case of university education, however, there is a great deal of disparity between countries’ education policies. In many states students must pay fees to attend university, for which they may seek student loans or grants. Often states offer financial assistance to individuals who cannot afford to pay fees and lack other methods of payment. In other states, university education is completely free and considered a citizen’s right to attend. It is a fundamental right of individuals to …show more content…
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
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
The biggest question or dispute regarding the cost of higher education is finding the appropriate monetary and economical equation to determine the percentage of personal and public responsibility. The above debate has been in question since the 1800’s when Thomas Jefferson stated; "I think by far the most important bill in our whole code is that for the diffusion of knowledge among the people. No other sure foundation can be devised, for the preservation of freedom and happiness ”. Those important words that called attention to the importance of having an educated citizenry in order to preserve democracy are until this day, words by which legislator...
Ellison, Keith. “The Argument for Tuition-Free College.” The American Prospect. The American Prospect. 14 April 2016.Web. 20 March 2018.
When people think of college, they often think of their education like they had when they were in high school and grammar school. But colleges and universities aren’t schools. They’re all businesses. College isn’t paid for through taxes or government funded. It comes from our pockets. But other countries like Australia, England, Ireland and Germany run their colleges and universities just like a high school. Every person goes to the same college and it’s paid for through their government taxes. A college education is no longer an option, but it’s vital. The competition of getting a decent job is increasing and it’s almost impossible to find a high paying job without a bachelor's degree, which means more money goes to the already rich universities. It’s going to take a long tim...
There was a time in America where college was based solely on merit, higher education and pursuing the American Dream to obtain a career and gain social status to be successful in society. According to the Economist newspaper, rising fees and increase of student debt, shared with dwindling financial and educational returns, are undermining at least the perception that university is a good investment. Now due to high cost of an average good university, students are leaving college owing back over $100,000 and are not getting the job of their original dreams.
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.
Over the past decade, it has become evident to the students of the United States that in order to attain a well paying job they must seek a higher education. The higher education, usually a college or university, is practically required in order to succeed. To be able to attend these schools and receive a degree in a specific field it means money, and often a lot of it. For students, the need for a degree is strong, but the cost of going to college may stand in the way of a successful future. Each year the expense of college rises, resulting in the need for students to take out loans. Many students expect to immediately get a job after graduation, however, in more recent years the chances for college graduates to get a well paying job isn’t nearly as high as it used to be. Because students can no longer depend on getting a job fresh out of college, it has become harder to repay the loans. Without a steady income, these individuals have gone into debt and frequently default loans. If nothing is done to stop colleges and universities from increasing the cost of attending their school, the amount of time it takes for students to pay off their loans will become longer and longer. The extreme expenses to attend a college or university may leave a student in financial distress: which may ultimately lead to hardship in creating a living for them and affect the country’s economy.
Employers consider a degree necessary for getting a job at their company. However, not many people can afford college. The solution is to take out loans, then college becomes affordable. These loans create a whole different issue, student loan debt. This can affect people their whole lifetime and has been happening for years upon years. But, in the more recent years America is starting to shed more light onto the issue and are becoming curious on why colleges charge twenty five thousand dollars, or more, for a year of education. Many different countries offer free college, but in America student loan debt keeps getting worse.
The article is written by Matt Bruenig who is a writer primarily focused on economic and political issues that especially affect poverty and inequality system. This essay discusses the idea of free college in the U.S. Topics include the different definitions of “ free college” and various benefits for different class-based students which lead to the inequality of free college plan. The meaning of “free college” varies from one to another. Some believe that it is sponsoring tuition to zero, while others believe that it means not only sponsoring tuition to zero but also living grants. Since there are many different views toward the definition of free college, government may need to declare it clearly. The author also mentions about the lack of equality of free college plan is another problem. Many researches show that the free colleges plan benefits middle-class and higher-class students more than poor students. This is a current and
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 clos...
Education reform has been an ongoing debate in the United States for many years. The latest argument that many politicians, teachers and even students have debated is whether or not four-year public universities should be free. Even Barack Obama pushed for a plan that would make two-year community college free for everyone. In addition to this, Bernie Sanders has made free higher education one of his main political platforms in his presidential candidacy. According to "How America 's Colleges Could Be Tuition Free," student college debt has passed the one trillion dollar mark (collegerank.net). This number is unreasonably high. With all the hype, most people’s initial reaction would be to agree with free higher education. Knowledge and education
A college education is necessary today in society. Students can focus on their academics and try to get a high score. The cost of education for each student has become more difficult to afford. Thus, many students and teachers wonder if free college tuition must be granted. Free education must be responsible and funded by the U.S. government because it will help students focus on their studies, and encourage them to work harder in school. Even thought many people think that education must be free, it is very important for many reasons such as the economy, quality of education, and value of a college degree.
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...
Many significant questions regarding higher education are in relation to its cost, raising fears that higher education has become unaffordable. Education fee for universities and colleges has continuously grown to become one of the largest expense for most students and parents over the years, especially with the never-ending dramatic tuition fee increases resulting from public funding cuts for education by the federal and state governments. Selingo (para 3) reported that higher education cost definitely has a direct impact on access, thus, the frequent increases in cost are logically of great concern to many, including parents, students, and education policymakers. In other words, this has disadvantaged the poor families, resulting in unequal education opportunities for Americans and putting attainment of higher education in danger of becoming a hereditary privilege rather than a right for all people (Selingo para 6).
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