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.
According to Andrew J. Rotherham’s article “Actually, College Is Very Much Worth it. ”he states, “Meanwhile, in 2010, the unemployment rate was 9.2 percent for those with only some college and more than 10 percent for those with just a high school degree, but it was 5.4 percent for college graduates.” The data Rotherham provides shows that even with some college education, you have a higher chance of getting employed than those with just a high school degree. The one group that outweighs all the others is the college graduates proving that with a college degree unemployment is less likely to befriend people who do pursue college. Some people might say that there are loads of jobs that do not require a college degree, especially in this time and age.
Just how awful has the student loan strain become? Rhetoric of crisis influences the present popular discourse, while very few voices call for tranquil, noting the average number of student indebtedness is approximately equal to the cost of a new car. concealed by the aspect and attention captured headlines, though, it is a more embarrassing picture exposing that all classes and groups of students will not bear the increasing debt hardship equally: women, students of color, and Low-income household students are more greatly affected by this escalated debt. I have currently revealed the 30,000 dollars is the typical amount of debt that students will acquire after attending college for four years. Though the cost of college is increasing, a variety
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.
An even larger majority -- 75% -- says college is too expensive for most Americans to afford. Similarly, a record of share of students are leaving college with a substantial debt burden, and among those who do, about half (48%) say that paying off that debt made it harder to pay other bills; a quarter say it has made it harder to buy a home (25%); and about a quarter say it has had an impact on their career choices (24%) -- (pewsocialtrends). This just simply shows that it is better that there are no more tuition in college in which will help lessen the percentage of people who suffers difficulty in paying debt. Although we know how great number of people contradicts in giving a free education for college students, it is one of the needs of students and will also be an ease for their parents. Along with this, President Obama made a proposal which offers two free years of community college where this proposal of the President had received lots of different positive and negative opinions, comments, and feedbacks from it.
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.
I have chosen Janet Bodnar’s article The College Debt Trap for this unit’s discussion assignment. This is the third quarter that I am taking college classes. After I completed the process of applying and enrolling for on-line classes it was now time to figure out how I was going to finance my education. I never knew what a FAFSA was or what it meant. It took weeks to understand the process of applying for financial aid and luckily I now understand how it works.
According to the New York Times, “about two-thirds of bachelor’s degree recipients borrow money to attend college, either from the government or private lenders, according to a Department of Education survey of 2007-8 graduates.” On average since 1980, college tuition prices rise 7% a year. In comparison, the inflation rate is just 3.2%. But we have to remember that as long as the demand for higher education continues to rise, the price will also rise. In order to pay for the absurd prices of higher education, students should not have to end up turning to loans.
This dream, however, has become increasingly more difficult to achieve due to the significant climb of college tuition and the dramatic rise of standards that colleges have imposed on applicants. The fact that the price on college education has been steadily rising since the 1900s is not ground-breaking news to many. This substantial increase in college tuition has been creating difficult situations and challenging issues for accepted students, causing many to desperately turn to banks for student loans. According to Charles Kolb in his article, “College Costs and the American Dream,” college students take out loans in order to pay for part of their tuition and it “has grown to such an extent that [America] now [has] more than $1 trillion in student loan debt.”
Firstly, it has been proven that employee’s with a college level education will have better wealth compared to a high school graduate. “Workers with a bachelor’s degree earn about $415 more a week than workers whose highest level of education is a high school diploma.” (“New School, Old Story”) Adding onto that “$22,000 more on average per year, compared to high school graduates.” (“5 Ways Ed Pays”)
, “Experts that have researched the performance and job success of college graduates have concluded that, nationwide, college graduates with a bachelor's degree earn 74 percent more per year than those who only complete high school.” This seems very logical when you look at the big picture, having furthered your education will open you up to more jobs that that require more education that will most likely pay more. The University of North Texas in their article “Why Go to College?” shows a graph from The U.S. Census Bureau that shows a professional degree could earn you around 4.4 million dollars compared to less than a high school diploma could earn you around 1 million dollars for a whole worklife. Seeing
(Greg Duncan and Richard J. Murnane). According to the Fraction of students completing college, 54 percent of one fourth of students from high-income families have finished four-year College, while the lowest income quartile showed only 9 percent, having 45 percent difference with affluent families in 1980 years. In contrast, in the mid-1970s these results were much lower. (Bailey and Dynarski.2011)Number of graduates depend on college costs and enrichment of parents, therefore gulf between rich and poor students is increasing dramatically, as
The cost of attending a college has doubled these past years. The cost of college prevents many low income students from even seeking a higher education. It’s hard now a days to get into a college because how much it costs. Lewis and Zaidane argues that “Forty-eight percent of adults ages eighteen to thirty four told Wall Street Journalist that they can’t afford to go to college” (459). As tuition goes up students barrow more and more money.
The more money made the better opportunity there is to support ourselves. People with a college degree typically make more money than someone with just a high school diploma. Data shows “The gap in annual earnings between young high school graduates and bachelor’s