The cost of college tuition has been rising at a steep rate, going from only $2,000 for a public school or $10,000 for a private school in the 1970s to $30,000 for a public school or $100,000 for a private school today. Frankly, it is very unfair to those who cannot afford to pay tuition and yet are not eligible for financial aid and certain scholarships. Payment for college tuition is a major issue in the United States, especially for the middle class. More often than not, middle class families have an income that is too high to qualify for financial aid at certain colleges. However, the salary that they earn is still too little to pay off the cost of attending on top of commute, food, course materials, and boarding if needed.
A subject that should be brought to your attention is the issue of student debt. This is a problem that affects over 40 million Americans, certainly enough people to draw your attention. While scholarships are made available, it certainly isn’t enough considering the fact that the average Class of 2016 graduate has managed to accumulated $37,172 in student loan debt. Personally, as a future attendee of college, these facts are startling. Having not come from a wealthy family, as many other Americans do, I wonder, what can we do to fix this issue?
“In 2006, the last year for which [Jane] Wellman had data, state taxpayers sent $7,078 per student to the big public research universities. That 's $1,270 less (after accounting for inflation) than they sent in 2002.” Kim Clark (www.usnews.com). But the overall public university spending per student has ascended 12,400 to 13,800, up to 11.3% over the span of 10 years. In community college, where half of the country’s college students are educated, tuition has gone up while spending on classroom teaching has decreased.
Every year, thousands of students are affected by student loans. College debt is now the second form of consumer debt, right behind mortgages. Surprisingly, textbooks are part of the reason college students lose so much money. On average, students take eight classes a year. Given that textbooks are roughly $150 each, that puts students at spending nearly $1,200 annually (according to a Chicago Tribune report).
Just how awful has the student loan strain become? Rhetoric of crisis influences the present popular discourse, while very few voices call for tranquil, noting the average number of student indebtedness is approximately equal to the cost of a new car. concealed by the aspect and attention captured headlines, though, it is a more embarrassing picture exposing that all classes and groups of students will not bear the increasing debt hardship equally: women, students of color, and Low-income household students are more greatly affected by this escalated debt. I have currently revealed the 30,000 dollars is the typical amount of debt that students will acquire after attending college for four years. Though the cost of college is increasing, a variety
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
Americans owe nearly $1.3 trillion in student loan debt, spread out among about 44 million borrowers (U.S. Student Loan Debt…). This is a very problematic topic in the U.S. today that needs to be solved with a carefully thought out analyzed plan. It is unnecessary for one to be in debt from schooling just to get a job to make money. College is supposed to help give a job that pays enough money to be financially stable and make monthly payments for student loans not put people in debt from paying so much money back.
For one thing, “College: Who Profits?”, states, “many college graduates are suffocating under loan debts with limited job opportunities”(Herbert 360-365). Graduates don’t like the jobs they have to be and aren’t getting paid. Without spending money on college, you can have a variety of job options. To point out, “College: Who Profits?”,”54% college graduates were unemployed and many who worked had jobs unrelated to their field of study”(Herbert 360-365). More than half of graduates did not have a job.
Roughly more than “One-Fourth of children in Durham live in poverty, twenty-eight percent, caused by the recession of 2008”, and causes the state to tie with Kentucky and Texas for the spot of the 11th highest poverty rated state in the country. Before the economic downturn, the poverty rate of children in Durham was only three percent. As quoted by Lauren Horsch, worker at NC Child, “In Durham County during the 2011-2012 time frame, nearly 64 percent of students were on free and reduced lunch.” Further research also states that only seventy-seven of people that were in high school after 2008 graduated, meaning that twenty-three percent either only achieved a GED, or dropped out
This bring me back to the topic of institutional racism. Statistically speaking blacks who had just graduated from college have twice as much of a hard time finding a job than whites. It 's founded that people who have names that “sound black”, send out about 50 percent more applications than a white person. Unemployment rates for the black community is at a whopping 10.4 percent compared to the white and latino community, 4.7 percent.
First-Generation Students to Academic Success Research shows that in the Washington post a reporter by the name of Linda Bank-Santali stated that over 4.5 Million First –Generation Students have enrolled in a post-secondary institution in the United States (Bank-Santali, 2015, para. ). Not all First –Generation College Students are all the same but many experience difficulty with four distinct domains 1) professional 2) financial 3) psychological 4) academic. First Generation Students have a lot on their plates and face many obstacles that keep them from succeeding in college. There are many Barriers that first generation students face such as Low-Income status, Lack of Motivation and Low-Self Esteem.
Also college athletes have only about $12,000 in debt when they leave college. That may seem like a lot, but the average student has $35,000 in debt. That is nearly 3 times a college athete. Lastly, did you know colleges spend about $100,000 per player, per YEAR. As crazy as it seems, that amount is not taking into account scholarships.
The Collegiate Academy saved me a lot of what people worry about, money. According to the Henry Ford College website, the tuition for a Dearborn public school resident at Henry Ford is $92-194 per credit hour. The cost varies depending on the class level. Since an associate 's tends to consist about 60 credit hours of majority lower level classes, I have saved at least $5,520 with the Collegiate Academy on the credit hours alone. That may be cheap compared to other colleges, but most students do not have that quantity of bills on hand to spend on school alone.
Debt is no joke. Statistic shows that on average, 44 million American owes debt in student loans. " In fact, the average Class of 2016 graduate has $37,172 in student loan debt, up six percent from last year." Jeff Gitlen.
According to college professors roughly 42% of college students are not adequately prepared by their high schools to meet the rigor of college coursework (Center for College Readiness, 2015). SLIDE 4 - WARRANTS There is no doubt that a majority of high school graduates aspire to earn a college degree. However according to (Policy Report, 2013), only 68% of them enroll immediately in a four or two-year post-secondary institution after completing high school.