Everyone Benefits…The rising tide lifts all ships”, coined Senator Claiborne Pell, who was instrumental in the argument and negotiation process for the Pell Grant (Feinberg & Katz, 2014). The positive impact of The Pell Grant has been shared by institutions, who have benefitted from increased enrollment, and low-income families alike. According to Singell, Wadell, and Curs (2004) the Federal Government implemented the Pell Grant Program in 1972, and since its inception, it has been the single largest provider of need-based aid in the United States (p. 2). Students receiving federal financial aid are financially needy. 90 percent of students participating in the Pell Grant Program come from families with incomes below $40,000 annually
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Formally known as the Basic Educational Opportunity Grant Program, the Federal Grant Program is considered the gateway to financial and higher educational opportunities for low-income students. It is a federal grant for undergraduate students who demonstrate financial need. The program was created in 1972 and was later renamed in 1980 after United States Senate Claiborne Pell who proposed the program. Signed into law by President Richard Nixon, The Federal Pell Grant is the first direct, post-secondary education program and is the largest federal need-based grant program for undergraduate college students. Compared to other outlets of financial aid that students receive such as federal loans, private bank loans, work study, SEOG, federal parent
Block grants refer to programs in which the federal government provides large sums of money to state governments in order to pay for various services, such as in the case of this report, health care. Block grants tend to have very little regulation has to how the funds should be spent. Instead, the receivers of the block grants get to decide on how the funds should be allocated. The United States has been using block grants notably since the 1970s under a political ideology known of “New Federalism” (Kodjak, 1).
“Education is the key to success” is a common phrase said by many of our millennial cohorts. The idea that education is a critical component of acquiring an eminent lifestyle has dated back since premodern times. Individuals are now constantly enrolling in postsecondary institutions in hopes of attaining endless opportunities along with the implied benefits that results from a college degree. Nevertheless, a college education is, unfortunately, not accessible to all people. In “The Diploma Divide,” Kassie Bracken explores the major disparity among low income students and their affluent counterparts on obtaining a postsecondary degree in the U.S. With the employment of an alluring appeal to one’s emotions, a use of despondent word choices to establish a dispirited ambience, and a distinguished platform to elucidate the author’s thoughts, Kassie effectively promoted her argument on how a college education is not attainable for all individuals.
The meaning of the Pell grant is to help economically disadvantaged students received a higher education by reducing the burden of the tuition and fee costs, and thereby, increase college participation. However, these good intentions of the Pell grant have caused one profound and unplanned consequence; which is the contribution to growing tuition cost for public and private colleges and universities. Supply and demand are the basic concepts of economics, so it’s no surprise that the increasing demand for higher education brought on by the Pell grant will have the consequence of rising tuition. More importantly, though, when Pell grants are used to pay for college, students are not as concerned with the cost as they would be if they were paying from their own pocket. As a result, the law of demand
The writer Michal Harrington once wrote about the young population who were marginally educated and suffered from social disadvantages such as the possibility of being displaced from a job and received a low pay. Such group as described still remain today, and the only difference is that they have increased in number. There is a need for the government to address this predicament, and President Obama suggested the implementation of a more innovative strategy. As presented, the solution to both the social and economic problems can be solved through new technologies and educational programs. Unfortunately, there are only a few initiatives that benefited the poor and low-income American families as the programs sponsored by private foundations are aimed at helping the more academically skilled.
With free college can be unbalanced since more rich students attend college than poor students at an early age. According to Bruenig,“At age nineteen, only around 20 percent of children from the poorest 2 percent of families in the country attend college. For the richest 2 percent of families, the same number is around 90 percent. In between these two extremes, college attendance rates climb practically straight up the income ladder: the richer your parents are, the greater the likelihood that you are in college at age nineteen(113).” He analyzed, that within college more rich student will likely attend college at age 19, than a 19-year old student from a poor background.
For many people, college is just another transition in life to pursue the career of their dreams; for others, it is a far-fetched concept. Determining which person someone is in this situation is based almost entirely off of socioeconomic standings. Consequently, only about 70% of total Americans older than twenty-five earned a Bachelor's degree (Fielder). This is primarily due to the fact that the price for college tuition does not align with the amount of money financial providers are capable of making annually. The thought of paying for college out-of-pocket burdens families in the lower-to-middle class range both mentally and financially.
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.
Raising tuition year after year will cause a drop in applicants and affect current students’ retention rates. That is because tuition is already at an all-time high, making it harder for underfunded students to even think about entering higher education. Overtime students have grown increasingly frustrated with tuition rates. That is because in the past 20 years, "tuition increased twice as fast as the overall cost of living”
According to Charles Moskos in his essay on behalf of Georgia Tech, “The need to enhance the compensation of the career force is very pressing” (Moskos 1). Since there is a lack of payment in the career force overall, not just in the military, recruitment in the service could provide a constant source of income during and after the soldier’s employment, which would provide a foundation for his or her family’s hopes and dreams. In addition to his previous argument, Moskos also stated that because of the GI Bill, which was implemented in World War Two, “$43 billion in grants and loan subsidies goes to students who do not serve their country” (Moskos 1). The GI Bill was originally used to assist veterans from the draft get back into normal life through school loans and credit assistance. Since the 43 billion dollars is being wasted on non-draftees, money that could be used on infrastructure, unemployment subsidies, and economic development is now being spent frivolously on ordinary students and adults in America.
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.
Parents across the nation have found it much harder to pay for their children’s education due to these rising costs. For example, in states like Arizona, Georgia, and Oklahoma “parents have seen a 77 percent increase in costs. In Georgia, it's 75 percent, and in Washington state, 70 percent” (citation). These rising costs would be especially challenging for young adults. Working for a college education is a challenge, and many cannot overcome it.
As a High School Junior looking at jaw dropping tuition prices, my family and I often ask ourselves a question I’m sure many other American households are challenged with: Is a college degree actually worth it? Once you look past the recent unemployment rate for college grads, you’ll find that a college degree proves to be highly beneficial once placed in a career. Degree holders often enjoy benefits such as higher pay, higher-skilled work, and an intellectual advantage over their coworkers that do not have a degree. These benefits often outweigh the seemingly outrageous cost of college, making the price tag more than worth it.
Equally important, some scholarships are based on race and social factors, however, these do not put a barrier or separate one group from having different financial challenges than the others. As prices continue to rise year to year, the majority of college students are faced with no solutions to the universally wretched financial