The financial burdens that college leaves with the families and students needs to be addressed as student loans keep racking up over time. The cost of tuition for colleges has risen drastically over the years and has bounded students to only one or two college choices to choose from and at some points tearing away the opportunity to go to their dream college. However, one reason college has driven up in price is because the value it brings with it’s degrees, but it should not limit those who can not afford the worthy degree. College should be cheaper as it will ease financial burdens and broaden the choices of those wanting to attend
College tuition needs to be lowered because students should not be stressed, in debt, and out of time trying to catch up with his or her payments. In recent years, the soaring costs of college tuition have left many students and parents questioning how they will come up with the necessary funds. While college is still a smart investment for a successful career path, the cost of an education has outgrown general inflation by almost double, leaving many families unable to pay it or having a large amount of debt. The best
Reducing College Tuition College can either be a rude awakening for some students or it can be an opportunity for higher learning, but the goal is the same: to obtain a higher education and become successful. The purpose of college is to open people’s minds to new thoughts and ideas. Higher education offers knowledge and wisdom, but most of all, it offers experience, which is what people look for and desire when they think about attending college. Unfortunately, there is just one barrier keeping people from obtaining higher education, and that barrier is the price tag of college tuition.
Most of my friends who are currently in college have between 5000$-20.000$ in federal and private loans. In many cases, besides for the loans, students have to work and study at the same time, which results in a stressful life for the student. In fact, many students are not able to finish their education because, since they can’t afford it, they have to work over their studies. Out of all the possible reasons to drop out of college, “the No. 1 reason many young adults drop out of college is an inability to juggle school and work” (Johnson). Finishing college is the most decisive forecaster of prosperity in the workforce and the inconsistency in college completion between children of rich and poor families duplicated since the late 1980s (McGlynn 55).
The phrase “education being worth it no matter the cost” has been drilled into students as well as their families. This has led to student loans eclipsing a total of $1 billion every year, and in total reaches more than $1 trillion. While most loans don’t have to be paid off until after graduation, many students aren’t able to find jobs to subsidize the loan payments once they have
Many people dream of a life filled with riches, but that dream is hard to obtain without a college degree. It is somewhat ironic how people dream of being a successful student and going to college but the cost of tuition turns that dream into a horrible nightmare. It is not a shock to most people when they that college tuition is expensive, but in the past few years it has increased to an all-time high. Lower and middle class students have now begun to realize that college tuition is holding them away from their dreams. Even though college tuition could provide opportunities for job creation and economic growth, tuition is not affordable for the average American household which in effect, prohibits students from taking opportunities like going to college in the first place.
Instead of families worrying about how they are going to pay for their food or home, students will not go to college at all. This solution benefits all parties involved. Parents will have peace of mind knowing that their family is stable, children will be less stressed and can focus on what’s really important, work. Even the government will thrive with the flow of capital. Overall eliminating college as a whole is the best way to eliminate the increase in college prices.
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.
Have you ever owed someone $20? Well, imagine owing someone $100,000+ . Many students every year are left in crippling debt that can affect them for the next few decades of their life. Because of the cost of college, many students fresh out of high school can’t go to college. In order to make it easier for the lower-class to go to college, you should do at least one of the following things.
College tuition The cost of going to college is getting ridiculous. If a student were to apply to an out of state public college in 1997 they would be paying on average $8,840; now at the same out of state public school they would be paying around $26,010. Are we expecting people who have little money to stop their education even if they want to keep going or be in a huge amount of debt? If colleges were tuition free or had minimized costs the economy would be better or could improve and so would the lives of millions of people.
This will allow many people who can’t afford college to have an opportunity to attend, without having to stress about falling in debt or dropping out simply because they couldn’t pay. In his book, Friedman states, “So a poorly funded and staffed high school today is a pathway to a dead end” (361). He continues by quoting Marc Tucker, “Therefore, we have to find a way to educate all of our young people to a very high standard. Otherwise, if you don’t upgrade their skills, the only way the low-skilled can compete is by driving down the wages” (quoted in Friedman 361).
However, it is still an issue for students to cough up that money. The idea of making community college free to any student in America has been a dream for low income students for a while. President Obama’s desire to make the tuition of community college to everyone in the nation would only make it difficult for students to get a free education, limit them to essential resources, and discourage students from applying to four year universities. Granting free community college tuition to incoming freshmen will draw “more students to already crowded community colleges”. Along with the overcrowded campuses, a very long waiting list will soon form making it just as competitive to get into a four year university.
The goal of the tuition cap is to streamline the education financial process, rather than taking it away. Tuition caps should not create artificially low prices in the education market, but there needs to be extra pressure on colleges to contain costs; which there’s not right now. Requiring colleges to stay under the cap can help control the increasing prices of education, as the continual receival of federal funding and tax exemptions can be used as an incentive for those colleges who comply. Furthermore, tuition and fees have grown more than twice the rate of inflation each year (Wolfram, 2005). If colleges and universities choose to increase tuition cost more than the CPI, not only should they lose federal funding and tax exemptions, but also it should be mandatory for them to use money from their endowments to fully fund grants for students on financial aid; instead of the federal government increasing the Pell grant each award year to make up that extra
Society often believes college is a necessary experience for a better future, but I argue that the future will not be any better when student debt becomes a part of life for those who follow that mainstream belief. Most parents often dream of the great colleges and universities that their children will get accepted into; however, they fail to think of the cost to attend those institutions. Financial aids! Financial aids! Yes there are financial aids that students can apply to lessen the student debt.
For these reasons, college should be free, for it would help so many individuals, communities, and the economy. Lastly, the level of debt that has begun to take claim to the lives of the American people is a huge problem. Among these reasons, the debt each student accumulates is the most important issue to fix for them. The first major issue with the current state of college tuition is that it is just too expensive for a large portion of the american population.