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College debt
College tuition impact on students
Negative effects of high college tuition
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Throughout my k-12 education, my father stressed how important attending college was. He worked long hours to provide for my brother and I, so that one day we can attend college. My father struggled to pay for tuition when he was a sophomore in college. Which, lead him to dropping out. However, he had a different vision for my brother and I. His goal was for my brother and I to attend college and graduate debt free. Planning 18 years in advance, my father opened the Texas Tomorrow Fund for my brother and I, so that one day we could obtain a college education, without tuition ever haunting us. The debate on college tuition and its benefits has been a controversial topic in America. It is a fact that tuition has been skyrocketing for the past …show more content…
Paul Taylor, lead author and director of the Pew Social and Demographics Trend project, states "the public does have a sense there is a real-world payoff with education."(Adam 2). Taylor conducted a survey, in which people were asked how much more money they made because of having a degree or how much money they did not make because of not having a college degree. Adults who obtained a college degree assume they make $20,000 a year more because of having a degree. Opposed to the adults without a college degree, who assume they earn $20,000 a year less due to having only a high school diploma (Adams 2). This was compared with the 2010 Census Bureau data which demonstrated, adults who earn a college degree make $19,550 a year more than adults who do not obtain a college degree (Adams …show more content…
According to ProCon, a website sponsor of an article called, "Is a College Education Worth It?," during the great recession of 2007-2008, jobs that required a bachelors degree grew by 187,000. As for jobs that required some college or an associate 's degree, decreased by 1.75 million and jobs that required a high school diploma, fell by 5.6 million. "According to a June 2016 study, 99% of job growth (or 11.5 million of 11.6 million jobs) between 2010 and 2016 went to workers with associates, bachelor 's degrees or graduate degrees," explains ProCon ("Is a College. . ." 2). Obtaining a college degree gives an advantage to graduates seeking a job. Although adults with a college degree have a higher salary than those who do not, student debt is hurting college graduates. ProCon says, "between 2003 and 2012 the number of 25-year-olds with student debt increased from 25% to 43%, and their average loan balance was $20,326 in 2012-a 91% increase since 2003" ("Is a College. . ." 2). Ten percent of graduate students have over $40,000 in debt and roughly 1% have over $100,000 in debt ("Is a College. . ." 2). With student debt on the rise, it will be a strong defense on whether college is worth it or
Unemployment is on the rise and, always trying to be avoided. By obtaining a degree, the chance of being out of work is reduced. Baum, Ma, & Payea (2013) claim, “The 2012 unemployment rates for 25- to 34-year-olds were 9.6% for those with some college but no degree and 7.2% for those with associate degrees” (p.20). With just an associate's degree, the chance of being unemployed plummets 2.4% compared to those compared to little college, proving when the higher of a degree is obtained, the lower
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 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.
As students near the end of the academic year, they are constantly faced with some of the same choices the generations before them have been presented with too. The biggest question a lot of seniors in high school have to answer is if they are going to be attending college or not. There are a lot of legitimate reasons as to why a person might not attend a college, but I personally feel like everybody should have a higher education if they have the opportunity to do so. One of the biggest reasons that people do not have the opportunity to pursue higher levels of school is the fact that they do not have enough money to pay for it. With the staggering amount of debt, the majority of students incur in college, it is becoming a
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
It’s a heated debate these days as to how students should earn their college degree. Most higher education seekers in the 20th Century had limited choices… attend a university or community college. Technology in the 21st Century has increased the methods and opportunities to further education. Online opportunities have reduced the price of education and opened paths to almost any career choice available at college campuses. So, why wouldn’t everyone skip the expense of physically attending college and complete their degree online? Because what you learn from a textbook or e-book is only a fraction of the overall college education. Students would miss out on the social aspects of growing in college… the stepping stones of independence:
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.
They will point out that, however, having gone to a university and getting a Bachelor’s degree helped them get a good job and pay off student loans. Although it is true that some college graduates with a Bachelor’s degree do find good jobs and are able to pay off their student loans, it does not show that the average national debt for college graduates in the class of 2013 is 27,670 dollars (Susannah Snider). Actually, according to the U.S. News, 87 percent of the class of 2013 at St. Francis University in Pennsylvania borrowed money for schooling, and the average debt is over $50,000. These struggles out of college may become extremely mighty, plus putting it on a 22 or 23 year old with no job yet makes it even worse.
Student loans, they are one of the main reasons people are in debt today. You walk into college and someone offers to pay for all your classes, books and give you a little money after every semester. You’re wrong and i can prove to you why. Once you give in and allow someone to pay for your college you are in debt right away. There are two major things you could do and some more things you could do that will help you pay for college.
Riley Whitman 11/11/15 Editorial Free College Many Americans today still debate whether or not out government and country should fully implement free college. Those who are opposed to this idea are concerned with quality and accountability of education for all. For those in favor of the expansion of education, free college represents one of the great hopes for a better world. Even in the poorest nations, people believe and support in the funding of the expansion of universities and other higher learning opportunities are wise investments. Being a college student, I disagree with the idea that the U.S. should implement free college for all U.S. citizens.
STATE COLLEGE TUITION Do you or your kids plan to go to college? Can they afford it? Your kids may not be able to attend college because some students want to further their education, but cannot afford it.
Seven pairs of jeans,, thirteen shirts, two coats, one bottle of perfume, and nine necklaces; confidently she set all her times on the counter. The employees and Buckle smile sweetly at her as she slower priced up all of her times. After everything had finally been rung up, the lady at the counter told her, her total for that day was going to be, $2,541. The girl buying all of the new clothes caught the reaction of the people around her, and laughed to herself before calmly sliding her credit card across the counter. The lady swiped her card and put all the girls’ new items in a bag big enough, then returned the card to its owner. The girl thanked her, and walked out of the store with her chin up high. She had just spent over two thousand
One major problem for tuition increase in the state of Texas is the reduced state funding to the universities. As the tuition goes up financial aid is reduced and so more students have to cover part of the school fees from their pocket or maybe resort to taking loans if they can’t afford to pay the rest themselves. Students who are the first in their family to attend college commonly known as “first-generation students”, would surely need financial aid to get that college degree they dream of having since their parents could not afford to attain a degree like that. Enrollments are increasing every semester and tuition increasing with less money available to each student, students and their families tend to look for other alternatives to pay tuition for fear of having to withdraw. For example, a single mother working part-time and trying to joggle working and taking care of her kids may decide to move back to parents home in order to cut expenses of living. Many middle-income families do not qualify for need based aid, even though they can’t affor...
1The average cost of tuition and fees for the 2015–2016 school year at a college was $32,405 at private colleges, $9,410 for state residents at public colleges, and $23,893 for out-of-state residents attending public universities. The price for Colleges today are unexplainably expensive, unneeded for the degree type of the major, and degrees do not guarantee learning or job preparation. 1Over the years, College tuition and board have increased to a high extent, making them unexplainably expensive. College tuition has increased to a overall 1,120% dating back from 1978 when records began. Education is important and providing for students may become expensive, but when does it become worth it enough to increase over 1,000%?