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Forms of corruption in tertiary education
The effects of rising tuition
The effects of rising tuition
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William J. Bennett, who was part of the Reagan administration as Secretary of Education, coined the correlation between loans and tuition prices. In 1987, William J. Bennett wrote an article called “Our Greedy Colleges” in The New York Times. He hypothesized that increasing the ease of obtaining a lot of money through financial aid has led to universities confidently increasing the price. They no longer have to worry about students coming into contact with the balloon costs they set. These increases in price without monetary restrictions have contributed to what could now be the next huge financial crisis. Bennett sees the increasing of tuition solely as university official’s greed to take more. One professor argues against Bennett’s hypothesis.
In the essay, “We Send Too Many Students To College” by Marty Nemko, he argues that, contrary to popular belief, college is not for everybody. Nemko states that colleges accept numerous high school graduates every year, when they know that if the student did not do well in high school, they have a very low chance of actually acquiring a degree. However, If someone is fortunate enough to graduate from college and obtained a degree that costed them an exceptional amount of money, it is likely that they will have to settle for a job they could have “landed as a high school dropout”. Colleges are just out for money, and the only way they can get money is by accepting countless students into their “business”, whether the student will prosper from it or not is a different story. The article reports that there is no proof that students actually learn and remember everything they get taught during their college education. In fact, some college seniors failed tests that should be easily and accurately completed, and instead of these institutions getting penalized perhaps, they are “rewarded
Everyone knows that person from high school that just wasn’t cut out for college. It’s not a bad thing by any means, but if you’re thinking about heading off to college like many American teenagers often do, think about this: going to college can be a waste of both your time and your money. I’m not the first to say it, and I sure as hell won’t be the last. In Stephanie Owen and Isabel Sawhill’s essay, Should Everyone Go to College?, the two authors take a strong economic approach to justify going to college. Owen, an ex- senior research assistant at Brookings’ Center on Children and Families and current research associate at the Urban Institute, a nonpartisan center for research on the problems of urban communities, and Sawhill, the co-director of the Center on Children and Families and a senior fellow in economic studies at Brookings, claim that the return on investment (ROI) of a college education is overwhelmingly positive on average; However, they also bring light
Dale Stephens argues that college isn’t right for everyone. He acknowledges that he left college because he believed that higher education isn’t everything. Dale clarifies that college is expensive. He refers to College Board Policy Center because tuition is about 3.6 times higher today than it was 30 years ago. He brings up good points but bases his ideas off his own opinions not facts. This is a strong argument because when the tuition is higher, it will be harder for and more people to pay for it. This encourages others to look for an alternative path to follow.
In the article “College is Not a Commodity. Stop treating it like one,” Hunter Rawlings explains how people today believe that college is a commodity, but he argues that it’s the student’s efforts; which gives value to their education. Rawlings states that in recent years college has been looked at in economic terms, lowering its worth to something people must have instead of earn. As a professor Rawlings has learned that the quality of education has nothing to do with the school or the curriculum, but rather the student’s efforts and work ethic. Rawlings explains the idea that the student is in charge of the success of his or her own education, and the professor or school isn’t the main reason why a student performs poorly in a class. Rawlings
Are too many people pursuing a liberal studies degree when it is not necessary? When planning for the future, people need to be well educated about what they are about to be doing. People need to base their future stories on what will benefit them the most Charles Murray, the author of “Are Too Many People Going to College?”, seems to think to many people are going to college. In his article, he discusses many different points about why to many people are getting degrees. However, Murray’s text is ineffective because he is very vague, his points do not always correlate with each other, and he did not target a large enough audience.
In society, independent learners are those who seek to further their education to the next level. In the article, “Why We Are Looking at the ‘Value’ of College All Wrong” by Valerie Strauss, Christopher B. Nelson argues that people can’t compare economics with receiving a higher education. Individuals who look at college from an economic lens are viewing education the wrong way. Instead, individuals should look at the bigger picture which is gaining an education and taking in the knowledge. When having an education, people grow and expand their knowledge. By expanding and gaining knowledge from the experience of college, people are able to become independent learners. However, most people tend to start evolving into independent learners after
When the General Court of the Massachusetts Bay Colony founded the first college in America, Harvard, in 1636, it marked the beginning of college as the backbone to the American Dream (“About Harvard” ). Around the world, America is coveted for the “American Dream” in which someone can go from deep poverty, to unbelievable wealth, all by getting an education which allows a person to obtain any job and reach any economic level. The article “Peter Thiel Thinks You should skip college, and He’ll Even Pay For Your Trouble; The famous disrupted says overpriced universities hold back innovation, and what's to rewrite education to his liking” by Tom Clynes argues people should not attend college because it is a hindrance to innovation, while the article
Allan and Davis mention the spike of college cost since 1995 has increased by 150 percent; student debt has increased 300 percent since 2003, and with education, second to the mortgage industry in the nation’s debt, America needs to redirect their attention to the future and focus on education (Allan n. pg). Budget cuts from national to state
Combine this information with the equally troubling information released by Bloomberg stating “college tuition and fees have increased 1,120 percent since records began in 1978” and a serious financial problem for students emerges (Huffington Post, 2012). One thing should be clear given these statistics: something must be done to help lessen the financial burden being placed on today’s students. Considering the implications of these two figures, the University of Delaware should attempt to remedy the increasing cost of textbooks as soon as possible before they overwhelm students any more than they already have. In order to help reduce these runaway costs, this institution should pursue a policy similar to those high schools and elementary schools practice, namely a sort of loan program. In order to best understand why implementing such a loan program would be most beneficial to the students, one must understand why textbook prices have spiraled out of control.
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.
One cause of increased tuition is the reduction of state and federal appropriations to state colleges, causing the institutions to shift the cost over to students in the form of higher tuition. State support for public colleges and universities has fallen by about 26% per full time student since the early 1990s. In 2011 American public universities took in more revenue from tuition than state funding. About 80% of American college students attend public institutions. In a financial bubble, assets like houses are sometimes purchased with a view to reselling at a higher price, and this...
However this benevolent gift comes with a terrible price as Quirk’s essay Federal Student-Loan Sharks outlines. In 2013 the rate for Student-Loans was 3.9% for undergraduates and 5.4% for graduate students (Quirk). Student-Loan debt can follow the borrower for life, “Over two Million Americans 60 or older still have outstanding student loans” (Quirk). With the current rates the Federal government receive enormous profits off the Student-Loan program, often a loan doubles or even triples before the debtor is able to pay it off. To illustrate the profit the Government obtain from Student Loans Quirk mentions a sign in the 2011 Occupy Wall Street Protest that reads “Borrowed $26,400, Paid Back $32,700, Still Owe $45,276” (Quirk). Although the Student Loan program enabled more citizens to obtain a college degree, Quirk suggests it also empowered Universities to raise their prices when he writes “Common sense suggests that the growing availability of student loans at reasonable rates has made it easier for many institutions to raise their prices.” (Quirk). The government gain a profit off Student Loans, while Student Loans enable Universities to raise their prices and also receive a profit, a wonderful situation for everyone except the student, and yet the students keep
...ggled with high debt burdens that adversely impedes their lives. Also, it will threaten to the affordability and success of higher education in the US. I believe that through my research paper in can prompt American college students to make wise and informed decision on financing higher education. Moreover, it will make the education policymakers aware that the rising education debt has a serious implication for college access and affordability, prompting them to decrease total student loan debt amounts by holding down college tuition and increasing the federal student aids.
With the rapid growth of college tuition, it has become an important issue in higher education. College Tuition is simply defined as the charge or fee for instruction, at a private school or a college or a university. Most people agree today that college tuition is too high or that it needs to be completely dismissed. There are some however, that may disagree with the claim about college tuition and state that college tuition is necessary for college growth, and it’s primary purpose is to pay for college expenses to support the institution financially. Research shows that college tuition is too high and that debt has become a standard in America after attending post-secondary school.
As colleges’ funds dry up, colleges must turn to the public to further support higher education. By raising state taxes, colleges can collect funds to help improve the school’s budgets. The state provides funds from the taxes for colleges to receive a certain amount for each student currently enrolled. All community and traditional four year colleges collect these funds in order to maintain the school’s budget. As reporter, Eric Kelderman states, “less than a third of colleges’ budget is based from state taxes”. The school’s budget is how colleges are able to provide academic support programs, an affordable intuition, and hire more counselors. Colleges must now depend on state taxes more than ever for public colleges. Without collecting more funds from state taxes, as author, Scott Carlson explains how Mr. Poshard explains to senators “our public universities are moving quickly toward becoming private universities…affordable only to those who have the economic wherewithal to them” (qtd. in.) Public colleges must be affordable to anyone who wishes to attend. If colleges lack to provide this to students, it can affect dropouts, a student’s ability focus, and cause stress. The problem of lack of funding is that colleges have insufficient funds. Therefore, the best possible solution for the problem of lack of funding would be increasing and collecting more funds from state taxes.