Higher Education As A Business In The 21st Century Throughout the 20th and 21st century, post-secondary education has become very popular over the years. It has become challenging, and hard to keep up in academic terms. Many people are considering going to college, not just the ones graduating from High School but also those who want a career. A 2007 research showed that 64% of the college population was white, while minorities groups: such as African Americans, Hispanics, Asian/Pacific Islander, and Native Americans/Alaskan, consisted of 13.1%, 11.4%, 6.7%, and 1%, respectively (National Center for Educational Statistics). These statistics show that depending on what social class you belong to (lower class, middle class, or upper class) …show more content…
Education institutions need to raise funds. There are a lot of things that need to be done in order for an institute to operate. The money is collected through fees, donations, and any other means (Menon, 2011). Colleges should rely more on donations than tuition fees, the stare could help donate to colleges. “Yes, college is worth it, a four-year degree has probably never been more valuable” (Leonhardt, David). A college degree is valuable, but then why is there so much debt stuck with it. One can say it is a way of doing business but to get best education and facilities one has to provide the funds as well (Menon, 2011). In order for colleges to run they need to have their own funds, they should not be forced upon a student, or at least minimize the tuition fees. If more students are attending college, why not bring down the price for tuition if they are making more money. “The pay gap between college graduates and everyone else reached a record high last year”, according to the new data, which is based on an analysis of Labor Department statistics by the Economic Policy Institute in Washington” (Leonhardt, David). “Americans who attend a four year university and obtained a degree, made 98 percent more and hour than on average 2013 than people without a degree” (Leonhardt, David). That is great, people have really worked hard …show more content…
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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.
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College has long been a bastion of hope for those not fortunate enough to inherit a business or fortune from their predecessors, on the other side of the coin; it has also been the site of major controversy and debate, especially surrounding the ever-growing cost of attendance and the rewards that a degree realistically gives onto its holder. The debate is not a new one, but with the recent economic downturn, and the vast sums of new college graduates entering the world without the chance of finding a job, more fuel was added to the fire, and the debate began anew. In order to present new arguments on both sides, articles have been written and published in major newspapers like The Economist and The New York Times, with some varying data and conclusions. David Leonhardt, author of the article published in the NYT by the name of, “Is College Worth?
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According to the New York Times article by Steve Cohen, the soaring cost of college a 1,225 percent increase
Throughout the years, America has always debated whether education is needed- if it helps people succeed or not. The argument in the past was always over high school education, which is now mandatory. That decision has helped the US rise economically and industrially. Today, the US is in the middle of the same debate- this time, over college. Some, like David Leonhardt, a columnist for the business section of The New York Times, think a college education creates success in any job. Others, such as Christopher Beha, an author and assistant editor of Harper’s Magazine, believe that some college “education” (like that of for-profit schools) is a waste of time, and can even be harmful to students. Each stance on this argument has truth to it, and there is no simple answer to this rising issue in an ever changing nation full of unique people. Any final decision would affect the United States in all factions- especially economically and socially. However, despite the many arguments against college, there is overwhelming proof that college is good for all students, academically or not.
A college education has become the expectation for most youth in the United States. Children need a college education to succeed in the global economy. Unfortunately for the majority of Americans the price of an education has become the equivalent to a small house. The steep tuition of a college education has made it an intimidating financial hurdle for middle class families. In 1986-1987 school year the average tuition at a private university was $20,566 (adjusted to 2011 dollars) while in 2011 the average cost was $28,500 for an increase of 38.6%. Similarly in public universities there has been an increase in tuition: in the 1986-1987 school year the average tuition at a public university was $8,454 (adjusted to 2011 dollars) while in 2011 the average cost was actually $20,770 for an increase of 145.7%. Most families who are able to save for college try to do so, therefore their children are not left with large amounts of debt due to loans. Nevertheless, families are only able to save on average around $10,000, which is not enough to pay for a full educ...
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
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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...