The ability to gain a degree in any field of study is highly important in American society, possessing skills and knowledge over your job emphasizes the significance of higher education. Especially, for job promotions that would cause someone to make more than their fellow colleagues. In our increasingly competitive economic society, having the minimal of a high school diploma is not enough to provide financial stability nor will it help to compete in a workforce in which the best-educated are the ones that are rewarded the most. Therefore, higher education is a crucial necessity in order to move up the socioeconomic ladder and qualify for higher paying jobs. The rising costs of college, however, is making it harder for Americans to obtain …show more content…
a college degree. Excessive tuition and student loan debt are some of the extensive reasons for people either not going to college or not finishing courses while attending college. There is no denying that our government needs to initiate reforms and work on a budget that will allow individuals to attend school without taking on a huge financial burden.. The federal government and the Department of Education need to have more of a hands on approach when looking for a possible solution to help decrease the costs of college on lower and middle class families. Through further research on college tuition in other countries as well as in our own, imposing new taxes on corporations, and implementing some type of free community college plan, we as a nation can gradually move toward the steps of subsidizing and making college an affordable and viable option for individuals in America. One of the massive reasons college is so expensive in this day and age is the cost of tuition at many college institutions.
One of the first steps toward college reform is to begin adjusting our tuition rates accordingly. Many college institutions have steadily raised the cost of tuition resulting in many students to have difficulties paying for college across the United States. Tuition rates have been a huge barrier for college undergraduates: "Over the past three decades, tuition at four-year colleges has more than doubled, even after adjusting for inflation" (Fact Sheet). Tuition is steadily increasing, causing college to become more expensive than in previous decades. Instead of helping Americans who have a desire to attend an educational institution, the government is slowly making it harder to attend and pay for college. High Tuition is preventing college undergraduates from obtaining a degree, causing many to be in a financial crisis when taking into account student loans and paying for tuition. Having high inflation rates in the economy is only making it worse and more difficult to get a higher education. The government would undoubtedly want to see improvements in employment rates within the United States, yet when Americans are trying desperately to obtain a degree, they have to deal with the overwhelming, costly tuition rates that have caused many to slow graduation and make college students pile up more debt than necessary. Thus, students often worry about debt …show more content…
and finances rather than receive a college advanced degree. Furthermore, eliminating the barrier of high tuition rates would be a smart move and it would move many in the direction of relieving people of the stress of paying extra money on college. If America took the time to reform the tuition rate system they would actually be solving some of their problems with unemployment and it would possibly result in state governments having more to spend on their educational institutions: “ Not only is higher education seen as a key to economic advancement, but if all 18-24 year olds were in college, we would reduce the unemployment rate by 2 million people, and fewer people would be in need of governmental assistance” (Samuels). Moreover, a federal program to fund higher education would relieve states of having to fund these institutions, which would free up money for other needed services. This proves that tuition is simply a barrier put up against people to attend school. It is not helping anyone and simply a aggravating hindrance when trying to seek out and obtain a degree. Those two million people who are not employed could be helping our economy and when more people are working the better off our economic system is. In order to move towards making college more affordable for college undergraduates, the government needs to begin researching other countries’ tuition. More extensive research on how other countries pay for college can help the American government make the necessary adjustments to our college system. In an article posted on the Washington Post website, Bernie Sanders discusses the many different countries that offer free college education; “In Finland, Denmark, Germany, Ireland, Iceland, Norway, Sweden and Mexico, public colleges and universities remain tuition-free" (Sanders). This evidence alone demonstrates how Americans are so far from the loop. All these other countries around the world, mainly in Europe, have changed and approach college much differently from the United States. Many of these countries view college as a key to financial success and educational development. They want their own people to obtain the skills and knowledge necessary in order to work jobs and help stabilize the economy. These countries feel charging huge amounts of excessive tuition can foster discouragement resulting in many to choose not to obtain higher levels of education. Sanders also mentions an increase of American students leaving to attend European universities, while attending as international students, Americans are essentially able to obtain a college education for free: “That’s why every year, more than 4,600 students leave the United States and enroll in German universities” (Sanders). A large amount of foreign exchange students from the United States are choosing to attend college in other countries. For a fee of about 200 per year, an American can earn a degree at a top rated European university. While many European countries have tuition free college and an excessively huge reduction on fees for international students, Germany specifically remains tuition free. This not only includes German or European students, but international students as well. Germany views the excessive amount of tuition for college as a way of interfering with equal opportunity among students. Aside from college applicants having to pay a small administration fee, the German government has done their best to reform the tuition cost by either lowering it or abolishing it entirely. Choosing to attend college in Europe in order to obtain a free education is a huge perk for American students. while it might seem economically feasible to do so, for many individuals, traveling out of the country for a free education is not a practical option. While more research should be done in other countries to help establish ways of making tuition less costly, exploring ways to finance colleges through creating higher taxes on the upper class should be considered. The government gives out funds to many different businesses. In an article written by Keith Ellison, he discusses how the government provides financial assistance to businesses more than finance colleges within the U.S: "if the nation can provide hundreds of billions of dollars in subsidies to the oil and gas industry and billions of dollars more to Wall Street, we can afford to pay for public higher education. A tax on financial transactions like derivatives and stock trades would cover the cost. Building a truly affordable higher education system is an investment that would pay off economically” (Ellison). Ellison makes the argument that taxing vast corporations is reasonable solution in order to ensure college availability to anyone who wants to receive a degree. Taxing stock trades and derivatives can help out tremendously. By increasing gradually income taxes, large corporations can help fund and lower the cost of college by having to pay for for higher federal taxes which would transfer over to the government for college funds. Government is spending billions on gas and oil companies subsidies. That money could be used for funding and having many more Americans go off to college. In addition, to the subsides and extra cash the government provides for large corporations across the United States, the government should create new federal taxes on enormous businesses to help cover tuition for college students. Through doing this, the federal government and state governments can help support the cost of college tuition rates through higher taxes on derivatives and shares of stocks on businesses: “ Sanders proposes free in-state tuition by issuing a new federal tax on financial transactions, including stock, bond and derivative trades, according to the Washington Post” (Halff). Not only would this lower tuition rates drastically, but it would also cause large corporations to force up extra financial expenses. The extra funds corporations receive could be used to support students to attend a free public college. If a new federal tax was to be created and passed through congress, it would help lower tuition rates tremendously according to Bernie Sanders: “ this new federal tax would provide at least $47 billion for states to cover the cost of undergraduate tuition”. This plan could eliminate and change the financial dynamic and structure of the way we provide education for our American citizens. Through imposing higher taxes, the government could change the way we finance college level education across the U.S. Another way to make college more affordable for American citizens is to implement a college plan proposed by Obama's administration where everyone will have the opportunity to go to a two year community college for free.
Fact Sheet, a website article, discussed President Obama’s plan to put forth to congress a possible bill related to free community college: " Earlier this year, the President unveiled his America’s College Promise proposal to make two years of community college free so students can earn critical workforce skills and the first half of a bachelor’s degree at no cost, as well as a new American Technical Training Fund to expand innovative, high-quality technical training programs" (Fact Sheet). This plan would allow students to continue their education beyond high school for those who may not be interested in acquiring a four year degree. This would allow them to attend a technical and vocational school to earn the necessary work skills to cement a position in the work force. Offering two years of community college would certainly increase the employment rate among Americans and it would give college students the chance to earn an associate’s degree. Giving college students the opportunity to earn a higher degree would promote economic efficiency and help reduce unemployment by a large amount. Hillary Clinton has been outspoken as of late on having young college students enter community college free of charge throughout her 2016 presidential campaign: “Clinton
noted that New Hampshire has the highest proportion of students with debt and the second-highest average debt per student. She said she aims to make public colleges and universities tuition-free for families earning less than $125,000 per year, to make community college free, and to help students refinance their college debt” (Gaudiano). Clinton along with other democrats seem to be supportive on the issue of free college. Clinton believes in helping out families that make less, which encompass the middle class in her eyes. Clinton seems practical at solving a solution to the problem as she mentions how New Hampshire is the second highest average state that has many students dealing with student debt. The topic of free college education has been constantly debated throughout politics as of late. Even back in 1877, President Rutherford B. Hayes was a strong supporter of universal public education. Politicians of today’s government like Bernie Sanders, Hillary Clinton, and Barack Obama are currently suggesting ways that we can make college more affordable for our common citizens. Through lowering tuition rates, developing certain federal taxes on corporations, and making community college free for any individual we can modify our college educational programs. Developing and implementing these reforms could prove to be impactful for college students across America and generations to come. Reducing the cost of college would make it easier for Americans to gain a college degree, this would insure our economy and democracy is stronger than ever by our own citizens striving towards their ambitions; citizens can achieve this by making college free, this would no doubt reduce financial hindrance that encompasses the college experience in America.
Secondary education rises faster in price than auto insurance. Yet, secondary education is almost required in the United States to succeed. Yes, there are hundreds of people in the United States that have been successful without a college degree, but they are outliers. Students should choose not to go to college based on outliers, but go to college based on the fact thousands have succeeded because of their college degrees. It is more important then ever to know what makes a college great if students are going to pay hundreds of thousands of dollars over four
College is the place where people go to retain the necessary training for a job that requires specific skills, which results in earning a higher pay check. In today’s world, employers are scouting out for individuals with the proper dexterities to fill the shoes for that specific job. Blanche D. Blank, the author of “A Question of Degree," argues that possessing a degree of higher education isn’t the only way to have a very successful life. This statement is highly argumentative, due to the fact that college graduates still out-earn people without degrees. Obtaining a college degree is one of the best things someone can do for themselves, when it comes to looking for a stable job. There is also so much more to college than just receiving a
Going to college and getting a degree is a very important factor in succeeding in the 21st century competitive world. Nonetheless, many people do not go to college because of how expensive col-lege has become and the fear of being in debt. Sometimes college does not work out for every-one. President Barack Obama has proposed a plan to make the first two years of community col-lege free to encourage people to go to college, get a degree, and make the United States the most educated country or at least catch up to the rest of the countries like Russia and Canada. Howev-er, Obama 's action of reducing the costs of community college will not significantly increase the number of students who will graduate with degrees. Instead of making college
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. 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.
A high school education is no longer sufficient to succeed in America’s increasingly complex economy. However, because of the high price point of a college education, far too many Americans are unable to afford education beyond high school. As shown in the graph below, the higher level of education received greatly increases the chances for employment and also dramatically increases the average salary potential of an individual.
While college may be initially uneconomical, evidence from a 1959 census shows a “three-fourths of earning difference” between those who graduated from college and those who merely received a high school diploma (Weisbrod et al 495). Weisbrod and Karpoff acknowledge the high cost of college in America, but assert the benefits of a college degree will more than reimburse a person in the long run, therefore the initial cost of attending a college is worthwhile. (Weisbrod et. al). Furthermore, this indicates only “one-fourth of the earnings differences are attributed...to non-schooling factors”, which proves the significant role college plays in determining the future earnings of an individual (Weisbrod et. al 497). College appears to be the most influential factor in regards to a person's earnings, therefore according to Weisbrod and Karpoff, college is necessary for a person who wishes to obtain a higher expected income. Even students who attend mediocre to below-average colleges will receive “a lifetime income that is [around] 10 percent lower ...than that which someone at one of the best schools can expect” (Weisbrod et. al 497). Weisbrod and Karpoff contend even low-tier colleges result in higher earnings, therefore a student should strive to attend any college regardless of the
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.
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.
What if one day the tuition of your community college was to become free? If you couldn 't afford college would you go? That’s exactly what President Obama is trying to propose in his State of The Union speech on January 20th 2015. In his words he claims “to lower the cost of community college, to zero”. I am a community college student freshman at Frederick Community College. Being a community college student I value my education and feel if this new proposal is to be put in place there will be people who don’t want to be there just like high school. Community college is something that runs in my family as my two cousins have attended a junior college in the past. I am in my first year at community college and can say that it is a lot different from high school as far as the expectations and work load. There are essentially some problems with this new proposal. Once I heard that President Obama
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
Today, more jobs require more than a high school diploma. In order to get a good paying job, a college degree is required. More people are attending college in order to get better paying jobs, but is going to college worth a good job with rising tuitions across the nation? According to College Board, from 2002-2003 to 2012-2013, the average tuition and fees for a private institution rose about an average of 2.4% every year. As tuition prices increases every year, it affects millions of college students. It affects college students who have to use government aid to assist paying for 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.
According to the Bureau of Labor Statistics, college tuition and relevant fees have increased by 893 percent (“College costs and the CPI”). 893 percent is a very daunting percentage considering that it has surpassed the rise in the costs of Medicare, food, and housing. As America is trying to pull out of a recession, many students are looking for higher education so they can attain a gratified job. However, their vision is being stained by the dreadful rise in college costs. College tuition is rising beyond inflation. Such an immense rise in tuition has many serious implications for students; for example, fewer students are attending private colleges, fewer students are staying enrolled in college, and fewer students are working in the fields in which they majored in.
This nation has always prided itself in seeking knowledge. The truth is that for many, it is difficult to obtain a higher education than that of a high school diploma. However, the issue we face is that we are in a time and age that requires our workforce to have the best possible education to have a fighting chance for a decent job. The Bureau of Labor Statistics (BLS), the premier government source for information on jobs, shows that only 27 percent of jobs in the U.S. economy currently hold a college degree (associate degree or higher). This is a dangerous statistic to be facing when this nation needs to remain competitive in the workforce against competitors in other countries. In 2012, a study was conducted by the Organization for Economic Cooperation and Development (OECD), in which the United States was rated fourth in the world for being the most educated country; leaving Canada, Israel and Japan in the top consecutive slots and placing our nation with only a slight narrow advantage over New Zealand and South Korea. This seems like good enough of a reason for more people to want to push themselves for a higher education. However, the biggest problem that faces most people today in the United States is how to pay for college. According to research conducted through a non-profit organization called The
By attending college, students guarantees themselves a better job that the average Joe. Because the world is changing rapidly, and many jobs rely on new technology, more jobs require education beyond high school. With a college education, an individual will have more jobs from which to choose. In addition to obtaining a better job, people who go to college usually earn more money than those who do not. College furnishes you with proper credentials and documents to land high-level jobs. Figures from an A&E television program on ‘The Working Class’ show that in 2004 the average earnings were $23,895 for a high school graduate and $41,478 for individuals with a bachelor’s degree. Getting a college education is simply a stepping stone in ensuring yourself with a good start in life. Some may agree that college students are open minded and knows exactly how to expre...