The effect of the recession on HBCUs As we know a recession is defined as a temporary decline in income due to reduced trade and production activity. Everything in society is ran by a sort of system. For example, in order for a company to thrive it must have two things, workers and production. If there are not any workers, than there is little to no production unless the company is ran by machines. If there is not any production than the chances of workers being laid off increase based on how many people are needed for certain jobs through out the company. Either way both situations produce the same outcome which is a loss in funds for both the company and the workers. During a recession, the situation is forced on both ends. Not only does …show more content…
This is one of the most causes HBCU lose students. The prices of most things tend to go up in order to make ends meet. Id the students cannot pay than that is a higher chance of them dropping out. Most HBCUs are deemed affordable in the connivence of the African American community. When the only option some students have is basically being taken away, there are not too many options for them left. Yes, students can attempt to work a job and take fewer hours of classes just so they can stay in school. However most times being a part-time student can cause more harm than …show more content…
Sometimes it is harder for some than others. Not only does a recession bring numerous problems for their current students but also the incoming freshman faculty and staff each year. For example, Tennessee State University has had to cut their enrollment down by 10 percent and has eliminated more than 52 positions. Lose in school finds can cause a reduction in lists of courses as well as reduce freshmen scholarships. With these type of cuts, different programs in which students are pursuing their bachelor or graduate degree in will also have to be cut because the necessary classes are no longer giving. This will cause students to have to transfer or pursue their college degree at another university that has tuition higher than before. After a while, it will become harder and harder for students to acquire education after high school. Many people are saying a bachelor degree now is just like having a high school diploma. Trying to find a job that pays substantially well will become harder than ever before mainly because African Americans or Americans period will have a struggle paying for school. I believe the recession will continue to cause the cost of college to go up and before long some schools may even close down or the student population will
When the stock market crashed, wealthy people had all their saved money wiped. People couldn’t really take loans out because they were in debt owing money to the bank. After banks shut down, then local stores, factories, and restaurants all shut down. This then escalated into unemployment. Over 600% of citizens were unemployed and had no income.
How did the lives of ordinary Americans change during the 1920s? Introduction:“ in the 1920s, the United States rapid economic development and rising, which occurs mainly in President Coolidge, here comes as the relatively stable period in the capitalist world, Britain, France and Germany after the first world war, the economy was in stagnation or recovery status, United States economic expansion. United States domestic fixed capital renewal and enterprise through technological innovation, production and rationalization of management, accelerating the process of concentration of production and capital, the rapid economic development. Gross domestic product and industrial production have reached a new record, car manufacturing; electrical appliance manufacturing and residential construction is particularly significant. ”
What a shock this has given me and especially to other that are concerned with the paying or attending college. The rise of price for a higher education has brought many questions such as if the we are to believe that the education of today is worth more then the education from the past. Like I can’t believe how we are taken advantage over the price of our education and, shouldn’t the prices of all university be the same. Wow, this statistic has shown how greatly this problem has impacted us students, and has shown how public universities have taken an advantage on pricing our
Not having free or low college tuition impacts many people, “between 2011-12 and 2016-17 tuition and fees have increased 9% at four year public schools, 11% at two year public schools, and 13% at
Have you ever really studied the nation that surrounds you around you and what is going on in it? Although, many people blame the Republican Party for what is going wrong with our country that is not always true. Democrats have just as much to blame for the way our country is going also. The Democratic party believes in progressive taxation, which is higher tax rates in the economy.
Well, as the economy has been a hot topic of discussion in many ways, including politically, there must be a need to continue the growth of our economy. The more people we can get college education to, and the more people that can contribute to the workforce at a high level, the more chance we have to fuel that into our economy. To nurture the non-traditional student culture, is to nurture the economy that will benefit the American society at large. On the flip side, beyond trying to avoid the middle class from disappearing, there is a need to push the lower class out of the horrendous state it is in. Lindsey M. Jesnek discusses these issues in the article Empowering the Non-Traditional College Student And Bridging The ‘Digital Divide’:
First, it means that students might need to take student loan to pay for the high tuition. Second, students might need to spend more time on working instead of studying. Third, students might decide to opt out because they cannot afford the high cost for a degree. These circumstances are all possible if the college tuition increase in CSU and UC, and I can be in either one of the situation. Therefore, the increase of college tuition is relevant to me.
The cost of tuition is an incredible problem in today’s education system throughout the United States because it hinders the people who want to go college but cannot afford to do so. The price of tuition is a burden to those who are actually attending
In the last fifty years the world has gone under many changes but one that is really shocking is the escalating prices of colleges. Since 1985, the price tag in American colleges and universities has
Hourly wages are dropping and “it will likely be many years before young college graduates-or any workers-see substantial wage growth” (Source C). Since wages have dropped it is becoming pointless to get a degree due to the amount of debt and stress caused. Even though, we need to learn, higher education is becoming a risky
The cost for colleges must go down so students will not be
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.
Since tuition has risen 3 times higher the rate of inflation in the past 10 years, this increase a student’s chances of not being able to afford higher education and also gives them a better chance of accumulating debt post-graduation. Some people think that the college education they acquired did not fit the amount they paid for it, even if they pulled out loans or were an ideal candidate for a scholarship. This is a scary fact because higher education can determine if you thrive
If this does not change, the number of college or university dropouts will increase tremendously, leaving doctors, lawyers, and scientists rare to find. Even professors and teachers who are trying to educate students will have no one to teach since few people can afford it or they dropout due to monetary stress. Merely envision todays’ society with every citizen doing brilliant deeds because of the education they received and the foundation that they built
Students face various challenges throughout their college career. Thus, the problems that students have can range from balance, new lifestyle, to financial problems. Therefore, finding a balance between being a student, possibly working, and keeping up with their social life is a necessity. Similarly, others are away from home for the first time thus, they have a new responsibility with being on their own and findings ways to deal with homesickness. Likewise, being exposed to new financial situations is yet another challenge college students will need to learn how to cope with.