Does one even have enough to pay standard bills? 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.”).
College itself is expensive. The way universities continue to make money is by creating a ripple affect. In Williams essay he states “at 46 and fifteen years out of my grad school I still owe around 9,000….” Williams is one of many people who are facing college debt. When deciding to attend a university you are making a commitment to paying back a certain amount each month for numerous years after you receive your degree. During those years more responsibilities come into your everyday life.
To build up an amount of debt that has you working in your late fifties just to pay off the debt from college to get “started on your” life? College is not worth the cost due to a much raised price teachers and education, as well as uninsured job security. College has tripled its price from when it first started to the 20th centuries. Overtime college has
Student loan debt loads have been spiraling, doubling over the last decade, and the enrollment rates of young people from lower socio-economic groups are rising far slower than middle and upper groups. Governments must recognize the renewed public investment in post secondary education is an economic and social imperative. 6.7 million borrowers in repayment mode are delinquent (Snider 1). The sad fact is that many lenders aren't exactly incentivized to work with borrowers. Unlike all other forms of debt, student loans can't be discharged in bankruptcy.
It's completely ludicrous to make us pay for classes that we already know the material for. Paying for the first two years of college leads to more debt for not only yourself, but the college that you choose as well. In America, 70% of college students are in debt. To be more specific we are currently $1.2 trillion in student debt. The reason being is because college is just simply to expensive.
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.
Zach Lindley Professor Fisher English 101 11-13-2016 Rising Tuition Costs Is going to school to obtain a degree so that you can further your education still an opportunity for everyone? With tuition growing for the past decades many individuals question whether higher education is even worth it in the long run. Tuition has increased dramatically over the past couple years which has made it extremely difficult for students to pay for higher education. Without new resources for new students it’s getting hardier to take classes and pay for it without ending up buried in debt. Higher education costs have risen due to public revenue shortfalls with greater institutional spending and the solution to this is to provide adequate financial aid as well as regulating school spending.
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
Then public funding for higher education was reduced drastically. “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.
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.