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
When people pay for college they find it really hard to pay off things like bills and debt. College is expensive, and the costs keep getting higher and more impossible to pay things every year. (The value of education, 42). Lastly, Every year, students find it hard to pay a lot of important needs when also paying for college. When people pay things like this they can’t afford it, they can’t buy other things, and they most likely can’t do what they want to
A college level education has many perks. “Education is essential for personal and national well-being. We live in a highly competitive, global economy, and if our economy is to be strong, we need the best-educated workforce in the world. We won’t achieve that if, every year, hundreds of thousands of bright young people cannot afford to go to college while millions more leave school deeply in debt” ( Sanders). If every young person is
Firstly, college as well all know is quite expensive and is continuously increasing in price. Tuition fees have basically tripled in the past 20 years.Many parents do not earn enough money on an annual basis to pay for their children’s higher education; therefore they start saving from when they get married in order to be able to cope with the payments. Many teenagers try to help with the fees by achieving high grades during high school in order to attain a scholarship. Unfortunately not many teenagers are capable of getting a scholarship, as you need to maintain a minimum of a 90 percent
Debt forces students to postpone life in several key areas including buying a house, getting married and saving for retirement. On top of all this, college degrees are more common than ever; record numbers of Americans have a college degree and its impact on future earnings is not what it used to be. So, college students are paying more for a degree that will earn them less than the same degree did a generation ago. And we want to go into debt getting this degree? This is absurd.
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.
In America there is a very real financial divide among the people. Financial stability starts with education, although a large portion of the American population cannot afford it. Depending on your parents economic standing you may or may not be able to afford college, among other things. College opens the door for many opportunities, including having the capacity to provide for your family. Various authors today are still writing about the ongoing issue of poverty and the ways to climb out of it.
According to the last recording of student loan debt, the total amount of the United States student loan debt is roughly one and a half trillion dollars (A look at…). Statistics like these present the urgent need to resolve the major financial issue of student loan debt. Solutions have been given by many people to solve this issue but most solutions fail. The main reason behind student loan debt is falling to far into debt to the point where it is almost impossible to come back. The origin behind all of this is a lack of a student loan amount cap.
You now have skyrocketing tuition costs and loans. Totally wrong and unfair. As an example: Yale 's endowment is now $23.9 billion as of June 30, 2014, net of spending. The University benefited from investment gains of approximately $4.0 billion. Yet how many students will be able to EVER pay back their loans that go there.
This is bad because many are going to college and graduating but can’t get a job in their major. “In 2010, 62 percent of college graduates had a job that require a college degree” (Washington Post). This is a high number and proves a college degree can increase your chances of getting hired on a job. ”27 percent of college graduates had a job that was related to their major” (Washington Post). This is an extremely low number considering that 73 percent of college graduates don’t get a job in their major.
With educational institutes raising tuition fees year by year, more people begin to question the legitimacy in letting students shoulder the majority of the costs, a practice prevalent in most countries across the world. Indeed, students themselves are the biggest beneficiary of higher education --- statistics have proven that people with a college diploma earn almost twice as much as a high school graduate, which well justifies the high price to pay. To many, this is no different from paying for being served in a fancy restaurant, or more closely, receiving training at a private school. Every service has a price tag, so does higher education. Faculty payrolls, teaching buildings and equipment, books in the libraries all cost money.