College Becoming Overpriced

According to a report from HSBC, annually an average of $27,375 is spent on universities in the UAE. Tuition for a private university like ours is now raised to about AED 68,000 per year. As a working student, I find it almost impossible to be able to graduate anytime soon considering that the costs go higher and higher almost each year. Finally, the current system of financial aid is not sufficient.

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”

Due to the high-interest rates, when a borrower is repaying their student loans, the monthly payments may only cover the amount of interest accrued, if even that (McGuire). Private loan interest rates should be limited to 0.5% to help prevent those who must take out student loans from being unable to repay their loans on time because of inflated interest rates. With our current system of allowing lenders free reign of interest rates, by the time most people have paid off their student loans, they have paid far more in interest than they could have planned, if they were even able to keep up with the monthly bills. Interest rates for private loans should be much more tightly regulated to prevent lenders from overcharging people who were simply trying to seek out an

Coming from numerous cultures and ideologies, what possible challenge could this population face that other young people do not? While there is not such a big difference to the college experience, when compared to high school, the hardest thing to overcome is costs. As a student in college who relies on scholarships and working to make their way through college. Costs of education is at an all-time high, and continuing is a constant struggle, which explains our generations preferences. Within the recent election before the candidates were chosen, the majority of youths supported Bernie Sander and his stance on free college.

This struggle can be real for a family having more than five children. In fact, students could finish their four years bachelor degree with a significant debts. College education should be free because everyone can attend and the country can benefit economically and socially. College fees is the reason that a poor-intelligent student will have a desperate future.

In this day and age, it is assumed that the majority of high school graduates will be attending college, whether a two year community college or a four year college or university. The problem with this expectation of young people is that college is expensive, which is why numerous people are pushing towards free college for all, not just for the academically talented. While overall publicly funded college is unrealistic, this country could slowly overcome this issue of college debt by providing more two year community colleges across the nation with the tuition of these community colleges drastically reduced. The major reason why many people are pushing towards publicly funded college is a because of the substantial rise in college debt over the last decade.

Student Loans Make Students Moan The United States has always been portrayed as the land of opportunity and prosperity. Yet in the United States, it is almost impossible in the 21st century to receive a reliable job, paying a reliable wage, without a degree of some magnitude which most people are unable to afford. Education is a very valuable resource some people squander away through the participation in obscure, regrettable college activities that leave them in massive amounts of college debt later on in life. This is one of the reasons why as of 2014, the United States was ranked the 6th most indebted nations in the world (World).

Tuition for top tier colleges and the student debt is higher than ever and keeps increasing. The total student debt currently resides at $1.4 trillion, with the average amount borrowed by an individual hovering around $35,000. “Student debt obligations can be a major obstacle to gaining financial independence, creating wealth, and reaching lifetime goals and dreams.” (Rose, 79). Students of middle and lower class are mostly the ones receiving student loans.

So I have to pay for my education myself which is totally okay by me. However, this year entering college I realized that I soon will be facing economic problems. When entering college, I thought I would be paying at most $20,000 a year as promised by Moravian. Which is a substantial amount of money to begin with, but I made that my maximum I would be willing to pay. Therefore, I was comfortable with entering Moravian since

They start creating strict budgets that allow for almost all of their money to go into the savings account for college. As many have said, money is one of the top reasons why marriages fail. Arguing over trying to find money to put their children through college has made a lot of marriages fail. Having free higher education, as people would argue, would remove all of this stress and strain from families when it comes time for their children to go to

The total cost of an in-state university (including room, board, books, travel, and miscellaneous expenses) hit $24,061, up $651 or 2.8% from last year. This to most isn’t just pocket change, having this kind of money annually for 4 or more years isn’t easy, most students get grants, scholarships, or loans to pay for the extensive tuition. So is college really worth the student loans/debt, tuition cost, and possible monetary wages and payoff? Preliminarily, students apply for loans when they don’t have the money to pay for their books or other expenses that derive from college.

The rise of college tuition contributes to the ever so rising income inequality. The high cost of pursuing a higher education is very frightening. In the graph in Trends in Higher Education, the average cost to attend a public four year college is around $23,410 per year and average cost to attend a private four year college is about $46,272 per year (College Board). It is a staggering high cost that most Americans cannot afford. Although the U.S department of Education offers financial aid to students, the aid it provides is not an adequate source.

In Rhode Island there being the location of Brown University along with many other well known schools there is a large margin of students who are not able to afford an education in a time where a college degree is key for success. For these students of whom do not fall under the circumstance where they qualify for financial aid they have to take out students loans that take years to pay off. In recent years the amount of student debt has been reaching an unimaginable amount as “Americans owe nearly $1.3 trillion in student loan debt, spread out among about 44 million... In fact, the average Class of 2016 graduate has $37,172 in student loan debt, up six percent from last year” (Federal Student loan statistics). With a six percent increase in

College is expensive, yes, but is it worth going? Many people struggle with the choice of going to college and being in debt or not going to college and being debt free. The choice of being debt free sounds good but in the long run, college is worth it. A study by the bureau of labor showed the weekly earnings and unemployment rates from people with less than a high school diploma up to people with a doctoral degree.

College is very expensive to attend. Just imagine the cost of living on campus with food and having to buy books to study with on top of all the other fees. If athletes and even academic students got paid for going to that particular school. Just that factor would help eliminate so many people from getting in financial difficulties over there time in college. Students that are attending a university expenses are going to be higher than a regular two year college.