Did college cost get affected by the recession? The cost of college has always been what young adults have thought about? These costs have gone up gradually over time. This has aroused the question of is college worth the cost? Despite the fact that college may seem to set up your future, I differ with this because you will pay lots of money and will not have real world experience.
In today society, people are easily looked by their college degree level and they can be judged by their degree. But not everybody can afford to go to college in order to get a degree. People have different reasons of not going to college but most of the reasons are because of the tuition. Tuition are too high and they can not afford it. If the free college situation does not make a great effect on the economy, I believe that college should be free because free college can encourage more students to go to college, earn a degree and can decide on their future without the worry of paying debt and contributing to create a better society with their knowledges.
Student loans is the second highest source of debt of $2.1 trillion dollars in the U.S. economy right now. This student loan debt is not only affecting the entire economy as a whole. In America, people believe that earning at Bachelor’s degree is the key to success in order to be financially secure be set in life. However at the same time, the cost of tuition has skyrocketed, and the borrowing of loans rise with it. The rising of student loan and debt will reduce consumption, lower investing, lower the rate of home ownership, and overall make it difficult to sustain financial stability.
A rising issue in today’s society is deciding whether or not college is worth the cost. There is an extreme amount of pressure that is forced upon high school students by parents, teachers, and peers to further their education and attend college. However, there is research that challenges the thought that college is the best possible path for a person to take. College may be a great investment for some people, but it is not meant for everyone. This is supported by the arguments that colleges are expensive, jobs do not always require a college degree, and students are forced to choose a lifestyle before being exposed to the real world.
“If you get this wrong, it’s actually a mistake that’s hard to undo for the rest of your life”(Peter Thiel co-founder of PayPal). Peter Thiel is explaining that today 's students are taking on much more debt, due to recently tightened bankruptcy laws that have made it more difficult to get out of debt. These factors make high education a risky investment. If you go to college and end up getting nothing out of it;then, it
Every year college prices dramatically increase. People are constantly debating with themselves whether college is worth the cost or not. Since the cost of college is constantly increasing its harder for people to keep up with the cost. Although the price of a college education continuously increases, it is worth the cost since college graduates make more income and become more successful than high school graduates. A solution to this problem is for colleges to stop making students spend extra money to turn colleges into a “country club”, and for colleges to focus on education not “country clubs”.
Paying for college isn 't a simple process, but with the right resources, you can support your education in the best possible way. Let’s take a moment to figure out what options you have. As you prepare to go off to college, it’s very important to remember that the prices you might see listed for colleges is not the price you will have to pay. Most students will see these sticker prices and won’t even try applying for them. Do not make this mistake because sometimes the colleges with the highest sticker prices offer the lowest net prices to students who don’t have a lot of money (aka you).
College tuitions is worth the cost. Mary C. Daly, vice president of Federal Reserve Bank said “that overwhelming evidence that a bachelor’s degree gives people a financial leg up”. Which means that if you go to college you have more of a chance getting the job you want verse not going to college and not getting the job you want. Peter Cappelli a management professor at University of Pennsylvania Wharton School said “students on average earn more money that people who stopped their education after high school”. Tuitions is not all we need to worry about if you can get a college scholarship in almost anything you put your mind to help pay for college.
In the world we live in today. Going to college is no longer a choice, or privilege, but rather a need for a brighter future . So the big question that happens to be going around is, “Is College really worth it?”According to Andrew J. Rotherham’s article “Actually, college is very much worth it.”, “5 Ways Ed Pays”produced by (The College board), and “Why College Isn't (And Shouldn’t have to be) For Everyone” written by Robert Reich. The answer to that question is yes. Though there are many individuals who believe that college is not for everyone, attending college and getting a higher education can open the gates to many tremendous life changing opportunities such as becoming healthier, begin able to secure jobs, and earning more financially.
Ellison starts off by saying “once, a degree used to mean a brighter future for college graduates, access to the middle class, and economic stability” (Ellison). This highlighting the hopes that come with going to college and getting that degree, even if you do have student debt, but then he immediately highlights the hardship that comes with the college these days. The author states that “student loan debt increases inequality and makes it harder for low-income graduates” to “to buy a house, open a business, and start a family”(Ellison). The economy is going up by any means and it has no room for a middle class because there is so much debt.College graduates coming out of college are having even more of a hard time supporting themselves after college rather than while in it. Money is the basis of living , even people with lower income degrees could support themselves before the cost of tuition went up drastically.
Short continues on saying, despite the rise in the cost of education, it would still be beneficial to obtain a degree. College would end up paying in the long run. Although, I agree with Shorts perspective on college education, I am not sure the topic can be put so vaguely. Jordan Weissman, from Slate.com argues, the pay for a college graduate
Because community colleges are more conveniently located than an university, avoiding extra cost becomes easier by commuting. Junior colleges tend to be closer to home and students choose to commute more often. Gas cost is still a factor to consider but the travel cost will be much less than what one must pay every semester for room and board. Although universities still provide the option to commute, the decision to commute may not be realistic. Students tend to live farther away from senior colleges because there are less available.
However, when having a job may help with college debt it is also important to recognize that it does not help entirely when work starts to become more of a priority over school. As well as, young students may not be able to acquire a good grasp of how too take care of money properly and to evenly spread finances across all needs and wants. And secondly as another alternative solution could be starting out slowly and going to a community college so that college debt can be slow and that it will be more bearable to handle when going to university if that is a choice to pursue even further for a student’s education. In the article, ‘Paying for College Without Loans, Scholarships, or Looting Your Parents Retirement” it writes, “We’ve seen something of a devaluation of a bachelor’s degree in the job market.” (Steinberg
The Increase in College Tuition in the United States The increase in Colleges tuition has increased drastically by less than 1% each year, the increase was noticed in 2009 in the United States. The increase in College tuition has a major impact on College students and senior high school students that want to go into college but do not have money. Despite college programs and effort to teaching our students, college tuition should be lowered because it stops student from following their dreams. Some solutions that may help tuition payments is federal tax and a one time infusion of federal funds into public colleges. Since 2009, the college tuition has been difficult to pay off for some students.
Also, universities have to pay for upkeep on the grounds. To be more marketable to new students, colleges are getting more activities and taking on a “country club culture with valet parking, gourmet meals, and dry cleaning.” (Campo) This has caused college tuition increases for new students to pay for these expensive additions or repairs. College tuition has risen quickly in recent years which has restricted people from pursuing higher education and left college students to pay