An article on student loans on USNews.com states that, “Although the federal government will hand out billions of dollars more in college grants in 2011 and 2012 than ever before, the nation's financial aid programs as a whole are not keeping up with rising tuition, government officials and financial aid analysts say”. “Tuition and fees for in-state students at
With the rising tuition education is going to be very hard to acquire. So it is time for America to change and find a way to lower these ridiculous prices. A College Board report found that about 66% of students who earned a bachelor's degree in 2008 graduated with a substantial amount of debt. This proves that the cost of tuition is rising and in another report, it determined that the average debt of the class of 2008 owed $23,200. This was determined by the Project on student debt, a non profit organization.
Tuition or Burglary Why is college tuition so high? Something so necessary to succeed in today’s world should not burden someone for the rest of their life; many people live with college debt until the day they die. How do colleges come up with these ridiculous prices for in-state and out-of-state tuition anyway? Should private universities be able to charge more than a state college? So, how could someone pay for it?
This number continues to rise as the Gap Year Program gains recognition as an acceptable, temporary alternative to college. As I began my research on the Gap Year Program, I predicted that most parents, colleges and employers would strongly dislike the idea of a Gap Year because the student would be taking too much time out of school. I was shocked to find out the exact opposite. Employers and colleges alike are the biggest supporters of the Gap Year Program. So much so, that some colleges and universities are even adopting programs like the Gap Year Program, and have begun to encourage a year off from school to every incoming freshmen accepted to the school.
Parents spend a lot of money for their son or daughter to better them through higher education. Alcohol directly causes that investment to be wasted away. “Alcohol consumption before and during final exam period is detrimental to students’ performance. The effect is particularly significant for the highest-performing students, according to the study” (Daily Princetonian Staff) this quote explains how alcohol consumption is directly associated with failing grades, even in usually high performing students. The quote came from a study taken during finals week at a college.
Students should not have Credit Cards in College EM Swiams Com 156 2/20/2011 Elizabeth L. Vunk Credit card companies are marketing on college campuses that have led to a growing trend of young adults, in America, becoming trapped in the financial nightmare of high debt acquired while in college. Many things transpire quickly when a young person leaves high school and starts off for college. For those moving out of his or her parent’s house, there are dwelling arrangements, food and spending money to be considered. Depending on the level of support from the parents, the student also needs at least some financial income for food, supplies, entertainment, etc. When both the parental support and other income do not fill the need or desire of financial independence students are more increasingly turning to credit cards.
This amount allows students to maintain good grades while having a personal source of income. I have seen many students who finish school with a huge amount of debt. As a result, they have to work for many years after college just to pay off their loans. This can have a big impact on their future and can be a huge problem. In addition, while working and educating themselves, students gain necessary experience and build up resumes for future jobs.
According to a U.S. Census on school enrollment, there are 14, 261, 778 students enrolled in colleges across the nation. Over half of these will graduate with loan debt by the time they earn their bachelor’s degree due to increasing costs of a college education. College costs will continue to rise, leaving students with more debt to repay after graduation. Whether rising costs are due to getting a better education or simply a lack of federal financial aid, college education is not cheap and students have to take out loans to pay for their college educations. College educations were never considered “cheap” by any means.
Americans are brought to believe that if they work hard, they will succeed in life. This is not the case though, due to the lack of education to earn a living wage for most families already in poverty. In 2005, thirty-seven million Americans, representing twelve-point-seven percent of the population, lived below the poverty line (Beegle 15). High school dropouts are more likely to be unemployed and earn a lower wages. Studies show that in 1993, the risk of poor children were two times higher for grade repetition and high school drop outs, one-point-three times more for parents reporting emotional or behavioral problems, and six-point-eight times for reported cases of child neglect (Beegle 17).
Our society undervalues entrepreneurial work, trade skills, and it discourages young people from pursuing this type of education after high school. Now this isn’t a good thing for a few reasons. For example, tuition fees have gone through the roof to go to college over the last thirty years, and that means debts are increasing ridiculously. According to stats from CNBC, right now in the US, college related debts are over a trillion dollars. This debt is getting harder and harder to pay off too, because there are so limited jobs available for college graduates.