The total cost of an in-state university (including room, board, books, travel, and miscellaneous expenses) hit $24,061, up $651 or 2.8% from last year. This to most isn’t just pocket change, having this kind of money annually for 4 or more years isn’t easy, most students get grants, scholarships, or loans to pay for the extensive tuition. So is college really worth the student loans/debt, tuition cost, and possible monetary wages and payoff? Preliminarily, students apply for loans when they don’t have the money to pay for their books or other expenses that derive from college.
The rise of college tuition contributes to the ever so rising income inequality. The high cost of pursuing a higher education is very frightening. In the graph in Trends in Higher Education, the average cost to attend a public four year college is around $23,410 per year and average cost to attend a private four year college is about $46,272 per year (College Board). It is a staggering high cost that most Americans cannot afford. Although the U.S department of Education offers financial aid to students, the aid it provides is not an adequate source.
Student loans can be helpful, but when it's time to pay back, it can lead to future mental struggles and be stressful and hold you back from living the life you want to live in the long run. The student loan debt crisis in now only taking a huge toll on the personal lives of many Americans, but on the economy as well. Whether or not students graduate or not, if they pulled out student loans worth $200,000 they remain in debt for a remainder of years. As the problem continues to grow it becomes more and more critical to find a solution to help the well being of everyone in the nation, student or
Paying for the first two years of college leads to more debt for not only yourself, but the college that you choose as well. In America, 70% of college students are in debt. To be more specific we are currently $1.2 trillion in student debt. The reason being is because college is just simply to expensive.
National Center for Education Statistics says, “An average student who comes to a new state from another state can expect to pay around $28,400 in tuition, fees, books and supplies for an academic year. Adding in an off-campus apartment and other expenses brings that to around $47,500.”(Should College Athletes Be Paid?) Attending college is a huge financial decision for most of the attending students. Though, if you are an athlete this is not the case, the scholarship you receive from the coach will relieve the stress that is put on other students.
According to Storms, the core problem for graduating college students is debt. In the article, Storms explains how we are told that having a bachelor’s degree will double a person 's earning. Even though this may or may not be true, there is still the fear of paying back student loans after graduation. It is obvious that not every degree is guaranteed a job straight out of college in the field one chooses. Storms also gives the story of his family using the fear of debt as an excuse to not to go to college.
In Rhode Island there being the location of Brown University along with many other well known schools there is a large margin of students who are not able to afford an education in a time where a college degree is key for success. For these students of whom do not fall under the circumstance where they qualify for financial aid they have to take out students loans that take years to pay off. In recent years the amount of student debt has been reaching an unimaginable amount as “Americans owe nearly $1.3 trillion in student loan debt, spread out among about 44 million... In fact, the average Class of 2016 graduate has $37,172 in student loan debt, up six percent from last year” (Federal Student loan statistics). With a six percent increase in
A free college tuition is definitely necessary for students because some are paying for college themselves, the college workload is stressful enough, and scholarships, grants, and financial aid doesn’t cover all costs. College tuition should be free because it would create positive changes for people attending college, universities, and the economy. First, most students are paying for their own tuition themselves because either they want to be independent and do so, or because their parents have made that decision for them. According to Newberry, the average cost a year of undergraduate studies at a private university now tops $21,000.
Being a student athlete is hard wherever you go. With practice, games, team activities, and not to mention school there is always a lot on their plate. Being a student athlete especially at a Division 1 level is considered a job based on how much time is invested in it. Since it is a job why not pay the clients who work very hard for you? Universities makes millions off student athletes ever year, in 2008 Alabama was first in total revenue made by their athletic department totaling over $123 million in tickets, donations, and media rights and many other categories.
It may be necessary for you to consider student loan consolidation. When you were busy in college with your studies you probably did not give much thought to the pros and cons of having multiple student loans. Chances are you took out different student loans with different variables. Some of your loans may have a fixed rate while others may have a veritable rate not only that, you probably have different repayment terms for each student loan you have. Have multiple student loans and having to make multiple payments throughout the month can wreck havoc and cost you hundreds of unnecessary dollars each month.
“Eat the rich,” the phrase so famously created by the French revolutionary and writer Jean-Jacques Rousseau, is possibly ringing in the thoughts of lower-income students and their families’ minds in the face of rising tuition costs with the seemingly endless problems of Higher Education. However, the phrase can easily be the title of one of the many proposals; the student debt crisis had not only affected the community consisting of college students and their families, but all sectors of society. There have been voices regarding this issue from different personalities, different occupations, and different roles in policy making; from the articles in the New York Times to voices from political commentary such as Ann Larson. Even billionaires
How Much Do You Really Want to Go to College: College and the American Dream The American Dream is the ideal that everyone in the U.S. is presented with an equal opportunity for success, which can only be achieved through hard work and perseverance. In a modern perspective, the American Dream is represented by the opportunity to attend college and become a successful, contributing member of society. Every year, more than 20 million students apply to colleges in a desperate search of success for their future.
Free college sounds great. It almost sounds too good to be true—because it is. With that said, free college is a great idea, and it would actually be a convenient resource. But it is simply just an idea that can not work in our current society and government in the United States. High student loan debt is a problem that should be fixed, yet the government should not pass reforms that will only temporarily relieve the issue but instead focus on reconstructing the college system itself.
“Education is the most powerful weapon which you can use to change the world.” -Nelson Mandela. If a person does not get a proper education, they may find their adult life filled with more challenges than their college-educated peers. Americans should go to college because they will make more money, and mature mentally - making life easier for them.