Too many banks offer loans and do not think how these students are going to pay back the money. Students can't pay back loans for many years. Then, as a domino effect, there is more debt. Middle class parents , are caught in a tight web because they can afford college on paper but in reality, have no money left for retirement and receive no financial aid. The cost of college has escalated out of control and the cost of college grows faster than the rate of inflation.
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.
Economic pressure is one of the top pressures that college students face. 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.
Daniel Indiviglio the author of “The importance of College: A Self- Fulfilling Prophecy.” did see the importance of it. The author reveals that there is a huge demand for college graduates, and those who finish college have higher wages. “Even though college is expensive, the lifetime earning potential it provides results in its being worth the cost.” Since getting a college degree takes time and money and there is people who cannot afford getting a higher degree of education. Nonetheless going to college out weights not attending college. “As long as employers insist that a degree is necessary, it will continue to be,” so does this mean those who do not have a degree are less educated than those who do have a
One of the biggest issues in today 's society is the affordability of continuing education. The increasing cost of tuition over the last couple decades have forced young adults and teenagers to make one of the hardest decisions of their life. They have to make a choice on either putting themselves in debt that could sometimes exceed over $200,000 or battle it out in today 's struggling economy with nothing more than a high school diploma. Now, this should not be the case, everyone should have the opportunity to continue their education without putting themselves at risk or in a situation where income after graduation heavily outweighs their tuition cost. For example, in Kelsey Griffiths case, she is graduating on Sunday from Ohio Northern
Getting a college degree is considered as a must. However, more and more students are now opting to join trade schools instead of colleges after their schooling. It is increasingly being considered as a better option than college. This is partly due to high costs of college education these days as well as the students wanting to learn more and better than they can in colleges. College education is lengthy and a bachelor’s degree usually takes four years to complete.
Elizabeth Kenefick explains that “low-income students must increasingly rely on work (and loans) to meet the high costs of college . . . the jobs they take are not in their field of study, which can impair the potential for career exploration and improved employment outcomes in the future” (1). Work-study programs do not always align with a student’s career goals, but it teaches the student responsibility of simultaneously maintaining a job and an education.
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. Money is the basis of living , even people with lower income degrees could support themselves before the cost of tuition went up drastically.
Having free tuition for college means that more people who cannot afford it now, would end up going. This is a good thing in terms that more people are getting a good education and continuing their educational careers to hopefully obtain good job, but it also decrease the value of a college education. If more people are able to earn degrees, it devalues them. Finding jobs even with their qualifications would be difficult (Should college be free?). This idea would also apply to the students, mainly student-athletes, that work for multiple years to try to perfect their skill and obtain full or half scholarship.
Also, going to college can be a very expensive cost. While leaving many college graduates in debts of about 27,000 dollars or more. Going to college is just not worth it because it will not guarantee you a job in your degree, leaves a lot of graduates in debt, and going to college can be very expensive. First, college is not worth it because it does not guarantee you a job with your degree. Many college graduates after graduating end up taking jobs
In today’s society we regularly hear about the high tuition universities and colleges are demanding. In the span of one generation, how is it that graduating students are still unemployed? Could they be unknowingly causing a plummet and stagnating the economy? Tuition for both public and private colleges has tripled in the last four decades. We are living in an era where families are paying as much as six figures for their children’s higher education.
However, many don’t want to drop out from their studies; they want a better education and better jobs that will pay them well. Not to have to work in a job that pays them low wages and to top it off still have to pay the loan they applied for to stay in college. It’s an everyday struggle young people go through every year just to stay in college to get their education. In the book On the Frontier of Adulthood Frank F. Furstenberg state that “More youth are extending education, living at home longer, and moving haltingly, or stopping altogether, along the stepping stones of adulthood.” Young people not reaching their adulthood, and still living at home to pursue, there dream of going to college. In fact, this is very important because some young people are keeping up in attending college, no matter if they have to live at home with parents or extending their education simply because of some bumps on the
College that is, families of all sizes are reconsidering where they send their children. Why? Some may ask this question its due to the rising cost of the tuition. People of all walks of life except for the richest find it hard to pursue post secondary education out of fear of falling into large amounts of debt that will haunt them for the rest of their lives. Examples are being made around the
Various authors today are still writing about the ongoing issue of poverty and the ways to climb out of it. Brink Lindsey, the Cato Institute 's vice president for research, writes about not only the importance of a college degree, but also the financial strain it has on the families funding it. Brink Lindsey, has written that the income of college graduates has risen from below 50% in 1980 to 85% in 2008, and those without an education are barely able to attain a menial income, insufficient of their needs. “Tuition costs have galloped far ahead of inflation, while many in the working class have seen their incomes stagnate or slip” (Lindsey). “A lack of money is the
For generations there has been escalating problems on the rising costs for the college education,problems that are still taking place to this day.College is another step of education that many prefer but because of the economic problems, few attend.However,there are many ways to pay for college in this present age.College can be paid through scholarships,federal student loans and private student loans.This essay will illustrate the many ways that can solve the worlwide problem. Scholarships are highly benefecial to a low income audience..Many believe that you must have excellent academic skills to obtain one,but on the contrary that is quite wrong.There are many others ways to gain a scholarship.The text depicts,”For a student adept...calling ducks or just being tall (over 5’10)”(Source 1).So the text proves that academic skills are not the only things that can give you scholarships.Also,there are grants that provide you with sufficient income to pursue a college career.The text implies,”The money you receive will go directly towards the cost of college and you do not have it back…” (Source