In Malaysia, the government has the responsibility to provide the education to all the Malaysian. The Malaysian education system contribute the free pre-tertiary education from primary school to secondary school to people who need to take 11 years to complete it. Malaysia government also provide the opportunity to those students who completed the secondary education to pursue 1 to 2 years of free post-secondary education which is the university entrance preparatory course. Expenditure of government on education not only in provides the building physical assets and the teaching materials and equipments. Expenditure of government increase year by year is aim to enable the people to retain their benefit on education and distribute higher quality of education for the people. Expenditure of government on education divide into different education programs to ensure provide the benefits for students in different categories. The education programs that government support and provide shown as following:
1. The National Higher Education Fund Corporation (PTPTN)
PTPTN was set up by the government Malaysia to help the students to continue their studies to a higher level without increase their family’s burden. PTPTN loan help the students to pay their studies fees and aid in their cost of living. Many students enjoy the advantage that brought by the PTPTN loan. This is because PTPTN loans are subsidized in low or no interest rates in grounds of encouraging qualified students to further
In his article “Why Do You Think They’re Called For-Profit Colleges?” Kevin Carey offers harsh criticisms of for-profit colleges by claiming that they are directly to blame for the disproportionately high quantity of debt that their postgraduate students acquire. His primary reasoning for such is that for-profit colleges are charging more for their degrees than they are actually worth. He himself writes, “for-profits charge much more than public colleges and universities. Many of their students come from moderate- and low-income backgrounds…
Bidwell suggest a few different ways for incoming students to lower the debt they are taking on and how to repay it in a timely manner. Author Allie Bidwell is a writer for the U.S News and World Report where she reports on education
According to the last recording of student loan debt, the total amount of the United States student loan debt is roughly one and a half trillion dollars (A look at…). Statistics like these present the urgent need to resolve the major financial issue of student loan debt. Solutions have been given by many people to solve this issue but most solutions fail. The main reason behind student loan debt is falling to far into debt to the point where it is almost impossible to come back. The origin behind all of this is a lack of a student loan amount cap.
Reducing College Tuition College can either be a rude awakening for some students or it can be an opportunity for higher learning, but the goal is the same: to obtain a higher education and become successful. The purpose of college is to open people’s minds to new thoughts and ideas. Higher education offers knowledge and wisdom, but most of all, it offers experience, which is what people look for and desire when they think about attending college. Unfortunately, there is just one barrier keeping people from obtaining higher education, and that barrier is the price tag of college tuition.
The financial burdens that college leaves with the families and students needs to be addressed as student loans keep racking up over time. The cost of tuition for colleges has risen drastically over the years and has bounded students to only one or two college choices to choose from and at some points tearing away the opportunity to go to their dream college. However, one reason college has driven up in price is because the value it brings with it’s degrees, but it should not limit those who can not afford the worthy degree. College should be cheaper as it will ease financial burdens and broaden the choices of those wanting to attend
Some college students are working part-time jobs and are full-time students. Perhaps, working through college will not always cover all of a student's education expenses including books, supplies, room and board. If free tuition is given, students will have further time to educate themselves. Moreover, college tuition and prices are at an all-time high. Each year, prices are rising higher and higher.
This reaffirms his belief of this policy as a salvation for economics. He doesn’t care about any of his arguments previous to this one. He simply wants to save money rather than education. One who didn’t attend senior year should not be a reliable opinion to such a topic as this. He is too far out of his secondary education to know how the education system works as well.
Pharinet makes it a point to let it be known that every person has the right to an education, but also lets it be known that not everyone should attend college (Pharinet 680). Though the drop-out rates vary, it is estimated that in the U.S., approximately 50% of students who begin college never graduate (Pharinet 680).Pharinet gives plenty of examples why college is not for everyone, financial challenges being the most common, working full-time, having children, or just having the mental mindset to stay focused just to name a few. Pharinet mentions that students usually end up working full-time jobs and going to school full-time, which can sometimes cause a great deal of stress and low grades. Students then usually end up dropping classes or taking fewer hours in order to keep up (Pharinet 680). Pharient states that “the best financial planning in the world will not prepare a student for the academic challenges that await them” (Pharinet
Unlike these perspectives, there is a perspective that states that the student loans should all be
This eventually leads to illiterate society and unemployment. It is the responsibility of government to make the education free and affordable at all the levels of education. For a few people it might seem absurd to make such demand of free education at all the levels but being the citizen of the society, free education is the right. Every government is responsible for fulfilling the basic
The cost of college tuition is an enormous problem now days. For a long time, the subject never got brought up and today things are changing. Students study hard and try their best to get that college acceptance letter from their dream college. Students all around the world are struggling with college debt and trying their hardest to receive those so-called ‘perfect’ grades. However, college tuition is not very affordable and is increasing every year.
Society often believes college is a necessary experience for a better future, but I argue that the future will not be any better when student debt becomes a part of life for those who follow that mainstream belief. Most parents often dream of the great colleges and universities that their children will get accepted into; however, they fail to think of the cost to attend those institutions. Financial aids! Financial aids! Yes there are financial aids that students can apply to lessen the student debt.
Raising tuition year after year will cause a drop in applicants and affect current students’ retention rates. That is because tuition is already at an all-time high, making it harder for underfunded students to even think about entering higher education. Overtime students have grown increasingly frustrated with tuition rates. That is because in the past 20 years, "tuition increased twice as fast as the overall cost of living”
If there is a job I can do at the college, I would work and hopefully, they lower the tuition for that class. I believe there should be one student loan rate for everyone that is affordable. Different banks have different rates depending on the college. A broader approach is necessary so all students can afford to go to college. Scholarships are helpful too, and I hope I receive this scholarship which is a way I am trying to minimize my debt.
The notion that education generates sufficient external benefits, either through higher levels of economic growth spillovers is examined and found lacking. Even under conditions of market failure, government failure is omnipresent and sufficiently. Through education provides positive externality and that university education needs to be subsided the government might not have enough money to pay for education which might also reduce the funds paid by the