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Essays on the effect of student loans on debt in canada
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Canadian universities adding unnecessary costs, a pain for all students
By Gurpreet Singh
Imagine thousands of dollars down the drain, every year putting you deeper and deeper in debt. Seems like a scenario you would see on the television but for many students it's an everyday reality. Students at Canadian universities will need to dig deeper to pay their tuitions over the next four years with annual fees projected to rise 13 per cent on average to $7,755, having almost tripled over the past 20 years, according to a report released in September 2014. Before even stressing for exams they are going to have to stress about all the money they will have to pay just to set foot on campus. Why this sudden increase in rates and where is all the
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Provincial funding for universities is inadequate, the report said. Universities are seeing it decline, while tuition fees are going up. This change is making universities make students pay additional compulsory fees on top of what they would already pay in tuition fees, an example would be athletic fees and student association fees which add up to $817 on average last year, with Alberta having the highest and Newfoundland the lowest and Manitoba
Universities are finding new ways each year to add to costs and while some are helpful in a way to some students like Winnipeg deciding to add the U-Pass, others are not. It remains that not all students have the same needs. Students may not want to go to the gym or may choose to drive to university instead of take the bus but they are still having to pay for it. This choice of additional fees are a waste to them, yet they have to pay for them because it is a part of their tuition costs. Just imagine not having these extra costs it could end up saving a student $817, which is almost a months paycheck.
Another thing that can be done to reduce the amount of tuition students pay is receiving funding from the government.
Vedder explains that universities in general believe that they can raise the price of tuition because due to the increasing amount of government aid to education, most notably student loans, the families haven’t been too concerned with the rising cost of education. He claims that there is a vicious circle in regards to university financing. In the first year, the tuition would be increased and to deal with the political pressure that comes with it, Congress makes student loans more accessible and affordable. As a result of this, the demand for education becomes greater and as such, the colleges are then able to raise prices again which would result in more political pressure and thus, more affordable loans. In order to deal with this growing problem, Vedder believes that the best way to do that would be to simply stop allowing these third parties to give more money when the tuition increases. By doing this, it would make the student more aware of the price of tuition, thus not as likely to enroll at a university with a relatively high cost of tuition.
Students have every right to be angry about the state of college tuition. In the past 20 years, "tuition increased twice as fast as the overall cost of livin...
The main reasons that tuition should be lowered are that students need an easier and a cheaper access to higher education, so that children who are born into poverty have a chance to make a better life for themselves, and so that the amount of student debt in America is decreased. Currently, students do not have a simple or inexpensive access to higher education due to the increasing cost of tuition and the decreasing amount of scholarships being awarded. Aside from tuition, state colleges fund academics mostly by state appropriations.
One of the most important thing in our life is education, because it is needed for the rest of their lives. Education has become a mental stress for students who have to pay for tuition out of their pockets because tuition fees are increasing every year in a way that some people aren’t able to afford. Tuition is a fee for a class that a student has to pay in order to take the class. Education is very stressful matter and every student has to maintain really good grades because there is a lot of competition in every field. However, there are smart people who aren’t able to attend the best universities that they want to go to because university’s tuition is increasing and will continue to increase without staying steady. So what are the reasons behind increasing tuition, and what are the effects of it on students? What can the U.S. Department of Education do to try to solve this problem?
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.
Another issue presented by the current Canadian university system is the increasing
The Rising Cost Of a College Education College is compiled of many stressed related symptoms, such as: irritability, unhappiness, and constant worrying. This fearful time in a person’s life accumulates a new beginning. Britain’s Prime Minister Gordon Brown once said, “No one should be held back from realising their potential by fears that they will not be able to afford to go to university or that they will graduate with unmanageable levels of debt.” The toll of college varies in a particularly high manner; therefore, creating a rather difficult advantage of graduating from said college. To everyone’s understanding, colleges are the ones that strive for new students to attend their facility, so why must they charge such outrageous prices?
Assignments I woke up with a jolt as a shrill of rings vibrated through the air. I peered at the red phone across the room and glanced at my bedside clock. The red digital numbers read 5:30 am. Curiously, I shoved my sheets aside, slipped into my slippers, and trudged towards the ringing. My hand slid its fingertips on the cool, plastic handset.
Due to provincial funding freezes and cuts, universities are relying more and more on the financial contribution of their students to fund day-to-day operations, along with long-term plans. This move away from provincial funding is only growing, with the proportion of university operating revenues declining from 84% to 58% between the years of 1979 and 2009, while the average Canadian universities’ tuition based revenues have sky rocketed from 12% to 35% . This is problematic for a number of reasons, including the tuition freezes that have been put in place by several of the Canadian provinces. The average Canadian tuition rose 3.2% this year, but the institutions who have had their tuition frozen are not reaping these benefits . In order to be able to provide all services, and ensure the quality of the education being given to their students, they must receive funding through other means, such as corporate
This is ridiculous that other students are charged when places aboard are not charging any fees. I looked at some statistics that show that students that are part-time have to pay for their tuitions too but don’t get it paid for them. As you already know with full-time students you have to take out
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%?