The tuition and cost of college is detrimental to thousands of families across the country and brings student debt to future graduates. Some students have seen their debt climb over $30,000. Friedman writes, “The average student in the Class of 2016 has $37,172 in student loan debt…” (Friedman). With the debts being over the average income for single people households, college has transformed from a benefit to a burden. Young adults not only have to worry about their education but also paying for the next semester or years of college ahead of them.
Children cost money to take care of, but so does their education. College graduates with children who are planning to attend college have to not only pay back their debts but their children’s schooling too. Once those children graduate then it starts the cycle over again. Moral of the story is that college is a ripple affect when it comes to money all because of the timing of debts being
College, unfortunately, is very expensive; However, in America we have many options for students to pay for their education, almost all ways of paying tuition put students in debt. A chart that uses information from The U.S bureau of labor statistics shows that “The bottom quarter of earners with a college degree don’t make more money than the average high school graduate.” If someone is getting put in debt
From kindergarten to beyond high school, a majority of adults push students to go to college. The pressure grows for teens. High school students are expected to know what they want to do by their senior year. Today it seems as if college is a teenager or a student’s only option, but they might spend the rest of their lives paying off student debt. There is no doubt that college tuition today is substantially higher than ever before, making future students think twice about whether college is right for them.
High Schoolers who don’t go into college after high school end up being unemployed by 14% of the age range from 20 to 29, while college graduates are only at 5.8% (Rampell, Catherine.). As well, even if they don’t get their intended position with their degree they still make on average 82% more than their high school counterparts in that section of the job field. Which is a great thing for the college graduates, if they put the money they still can get a return. This gives the ones who can’t afford it a chance at least. And with the help of subsidies, from state governments that go to the school, they can boost the pay of college graduates with a four year degree and even those who don’t have a degree at all (Rampell, Catherine.).
Although people may argue that a person can take care of the debt faster the person may not have the ability to do so. Some colleges are charging the tuition price of a big name college when they are not as well known and the degree may not go very far. Recently students are (taking on more debt) than they can pay and end up not being able to pay them off (Hacker and Schlesinger). When students graduate college most of them will have debt that they have to pay and many of them can’t pay it off. In highschool people and teachers stress that students need to go to college and it can (cause a sense of panic) in the highschool students (crawford).
Even though over the years more minorities have decided to go to college and get a degree, statistically speaking whites are still ahead in most enrolled and graduated in America (graph at the bottom). And it’s not because they’re smarter, it’s because of money. One of the top reasons minorities don’t go to college is because of money to afford to go to college. There’s not much help for minorities, unless you count loans and infinite debt because our debt will keep accumulating until you do leave college and by the time your settled in your career and ready to pay off your loans they would have doubled or tripled by then. One program that does help minorities in being able to go to college is the Gates Millennium scholar program.
It is unbelievable on how high the college tuition has increased, the rates in percentages have gone up fairly quickly, it is also unbelievable on how the increase in college tuition can impact high school students career by just simply saying that the are not going to college because it is way to expensive for their budget. No matter what college tuition is going to continue to raise if the Federal Government and Congressional leaders do not take more action into helping out students and families who need help with paying off college tuition and college debts and cost. Although the government does help families that are in need of financial aid to send their kids to college, there are many solutions into helping the college tuition decrease or at least expensive like having the Federal Government and Congressional Leaders have action and impact the decrease in the tuition, Students can also get scholarships and lastly there are many different groups that can help out with paying off college tuitions. The college tuition has raised drastically from the years of 1974 to 2015 the tuition has gone up by 1%, it is just 1% but one percent is a very large number when it comes to paying off college tuition
The first example is, some Americans who attend college believe that since the price of going to college is so high, it “fails to provide students with good value for the money they and their families spend.” (Pew Research Center). If the student can learn to manage their time, they can get a job and attend college at the same time so that they are able to provide for their families. The second example is, most adults who graduated from college believe that they are “earning $20,000 more a year” which helps them be able to have stability in their financial situations. (Pew Research Center) With making that much more money than non-graduates, they are able to pay their bills, their student loans, provide for their families, and even have some extra. The third example is, some full-time workers with a college degree make “40 percent more” than the people who only have a high-school diploma.
Even though tuition is increasing we all attend college at the highest price. As college can’t be paid by a summer job, if many use money very wisely and get the most out of their money, they will be able to be successful in their college journey. There’s not much school attenders can do because of inflation and
In today’s society we regularly hear about the high tuition universities and colleges are demanding. In the span of one generation, how is it that graduating students are still unemployed? Could they be unknowingly causing a plummet and stagnating the economy? Tuition for both public and private colleges has tripled in the last four decades. We are living in an era where families are paying as much as six figures for their children’s higher education.
When they go to start the path of finding a career, they find instead piles of debt from their education. So many student borrowers are falling further and further behind in their payments, postponing purchases of cars and places to live, or putting their social lives on a shelve. Jason Delisle, who wrote the New America paper, “blames skyrocketing graduate school debt on changes to federal loan programs that essentially allow grad students unlimited borrowing. The more students can borrow, the more schools can charge.” Americans almost universally believe that a college degree is the key to success and getting ahead—and the data shows that, generally speaking, college graduates still fare far better financially than those with just a high school diploma. But for those who are saddled
College that is, families of all sizes are reconsidering where they send their children. Why? Some may ask this question its due to the rising cost of the tuition. People of all walks of life except for the richest find it hard to pursue post secondary education out of fear of falling into large amounts of debt that will haunt them for the rest of their lives. Examples are being made around the
Journalist Sophie Quinton discusses how college expenses are constantly rising, though many states are now reducing instate tuition in her recent article, “States Move to Curb Rising College Tuition. Quinton informs readers that colleges are not only cutting college tuition, but freezing it. As a result student loans are soaring nationally, and schools are forced to become more efficient. Student loans are then causing debt, that later affects a students’ life in numerous ways. College students today, tend to lean towards nicer looking colleges, rather than a higher education.
Various authors today are still writing about the ongoing issue of poverty and the ways to climb out of it. Brink Lindsey, the Cato Institute 's vice president for research, writes about not only the importance of a college degree, but also the financial strain it has on the families funding it. Brink Lindsey, has written that the income of college graduates has risen from below 50% in 1980 to 85% in 2008, and those without an education are barely able to attain a menial income, insufficient of their needs. “Tuition costs have galloped far ahead of inflation, while many in the working class have seen their incomes stagnate or slip” (Lindsey). “A lack of money is the