A free college tuition is definitely necessary for students because some are paying for college themselves, the college workload is stressful enough, and scholarships, grants, and financial aid doesn’t cover all costs. College tuition should be free because it would create positive changes for people attending college, universities, and the economy. First, most students are paying for their own tuition themselves because either they want to be independent and do so, or because their parents have made that decision for them. According to Newberry, the average cost a year of undergraduate studies at a private university now tops $21,000.
In the quote by Kevin Abdulraham it explains that if an individual can take any disadvantage whether it is psychical or mental and turn it into an advantage can make the drive in the individual unstoppable. Additionally, Banks-Santilli (2015) explains that students who are entering college feel that they are breaking the continuation of their family’s values (Para. 2). This feeling of betrayal can put an emotional toll on the student if they feel that their family does not support their decisions. Additionally, in “First-Generation Undergraduate Students and the Impacts of the First Year of College” Ryan Padgett (2012) explained that students whose parents went to college scored higher on cognitive and critical thinking test than a first generation college student (p. 259). The study finds that the student begins college at a disadvantage than their counterparts because with no prior knowledge of their new surroundings, causing longer time to adapt.
College costs are skyrocketing, and at the same time we have students wanting to learn and become educated in order to contribute their knowledge to society. The student loan debt crisis is weighing upon us, so we need to reform the system. If I had the power to make a change, I would cut the costs of college education and lower student debt by a reformed banking system. One of the major causes of the student loan debt crisis is high interest rates for student loans. Too many banks offer loans and do not think how these students are going to pay back the money.
College ruins the world. Everyday families struggle financially to send their children to college. Why should we spend money on more education. Isn't twelve years enough? Since college is, and will always will be in high demand, the prices are always increasing.
Ellison starts off by saying “once, a degree used to mean a brighter future for college graduates, access to the middle class, and economic stability” (Ellison). This highlighting the hopes that come with going to college and getting that degree, even if you do have student debt, but then he immediately highlights the hardship that comes with the college these days. The author states that “student loan debt increases inequality and makes it harder for low-income graduates” to “to buy a house, open a business, and start a family”(Ellison). The economy is going up by any means and it has no room for a middle class because there is so much debt. College graduates coming out of college are having even more of a hard time supporting themselves after college rather than while in it.
Is college worth the money? This has been a question asked by millions of high school seniors, current college students, graduates, and parents across the United States. Many argue that it opens more doors over those who chose not to attend while others argue that we send too many students all while increasing the national student loan debt. Author Marty Nemko argues in his article, “We Send too Many Students to College,” that too many students are pushed to go to college. Nemko assumes that those reading his article are parents questioning if college is the right decision for their child.
Being that America is still in an economical downward spiral, college has gone from being the place where one can reach their their dreams to a place that you will be paying for most of your adult life. There are many people that believe it is a waste of time to go to college because majority of the time you are not going to use your degree and you will still have to pay thousands of dollars over the course of your adult life. Many people believe that it is better to go to a trade school because it is somewhat guarantee that you will have a job working in your field of choice.
When an average college graduate graduates and starts working they don’t earn as much as they should. College graduates are forced to pay the loans they were granted and this affects them and the economy. The economy is affected in many ways many people cannot buy cars or houses because a large portion of their income goes straight to the student loans. As of today we have $1.2 trillion of student loan debt and those numbers will just keep increasing. Making college tuition free will cost an estimate of $30 billion a year and we are able to afford this so why not enforce it?
Every year students are given the opportunity to do dual enrollment which would save them hundreds to thousands in college, but most miss their chance and are required to take remedial classes in college. According to statistics, “Complete College America reports that almost 50% of the students entering 2-year colleges are required to take remedial classes. ( Rath Par.15)”. To further explain, due to students not taking advantages in high school are required to take remedial classes they most-likely took in high school and pay around triple the amount. The significance in the evidence is that college students are not trying ahead of time to save money, which is a big reason for some quantity of their debt.
The cost doesn’t stop there, so were those thousands of dollars spent really worth it? That’s what most ask themselves at night when they can’t sleep because they’re figuring out how to pay their light bill. The ground on wages fluctuates by year, “hourly wages for young college-educated men in 2000 were $22.75, but that dropped by almost a full dollar to $21.77 by 2010. For young college-educated women, hourly wages fell from $19.38 to $18.43 over the same period” (“New College Grads Losing Ground on Wages.”). This means that the wages people are obtaining after college is dropping and that “it will be likely be many years before young college graduates-or any workers- see substantial wage growth.”
Out of the 20 million Americans who attend college each year, 60 percent take out loans to help pay for their education. Federal loans stay with students until they are fully paid off, even if students declare bankruptcy. (Karas) College costs today are rising faster than what we can process. Along with student debt interest. According to Minsun Mikyong Kim and Jangwan Ko, “the college tuition rate has increased about 103.8, whereas average household income has increased only 39.3%.
According to Anya Kamenetz in the article “Generation Debt,” young people of today are struggling with high debt due to high educational finances and this is preventing them to move on as responsible adults. College tuitions are too high to pay that young people fall into applying for student loans, and have significant credit card debt with high balances. Most students are using their credit cards to pay for their college expenses and student loans; even their paychecks are being used to pay for college. I agree that many young people held back in becoming a full adult which they are doing everything they can just to continue their education. Even if it means to continue living at home with parents just to make ends meets and not being able to step in the “fully adulthood.”
Falling into the Economic hole. “College is part of the American Dream, It shouldn’t be part of a financial nightmare for families” – Barbara Mikuski Part of the American Dream is to go to college and get a degree in order to better your family situation. What we fail to notice is that obtaining the American Dream is getting harder by the minute.