This is why teaching financial literacy in high school will benefit the students later in their life. Secondly, the people who lack the financial literacy skills do not tend to save or plan for their future retirement. This is because they do not know how to make a financial plan, so they cannot plan their retirement and they have to depend on government pension because they are not self-reliant. Because of the lack of knowledge they do not save money and even if they save they do not know how to invest the money wisely. So
I disagree with Caroline Bird’s view that not all high school students should get a college education because, as recent research has show, college graduates make a significant amount of more money than non- graduates. Recent studies have shown that someone working in a profession with only a high school degree makes anywhere from fifty -nine to sixty -six thousand dollars less annually than someone with a masters degree from any given college. That proves that although college may not be for everyone, a person still needs to go in order to make any kind of money to live off of. With the cost of living going up rapidly, it will be very hard to get by with only twenty- three thousand dollars each year. I agree that many high school students are not ready to go on to college.
The passage of the “Pick the Public’s Pocket No More” bill would lower college application rates, lower college graduation rates, and lower our country’s number of new college graduates for open positions in the work force. Without grants, many Americans would not be able to pursue college degrees because of the debt they would acquire financing their degree with loans alone. Federal grants allow young adults, who are the future of our country, to pursue a college degree without the full burden of college debts after graduation. (M) When considering whether or not to pursue a degree, many are persuaded to apply because they often receive grants to assist
With the increase of wages will have tremendous effects on economy because there would be no jobs available left for those who are looking for a job, According to Minimum wages don’t help the poor, “… These jobs enable workers to develop skills and gain experience that ultimately lead to higher productivity and wages.” That is why business is against on increasing the minimum wages and if they did increase it we the customers have to pay higher prices for the services and goods order for the business to make up for the profit they are
Spending More Money Just To Make Less It should come to no surprise to many Americans that America’s current economic situation is in rough waters. America as a country is in trillions of dollars of debt and a portion of that debt comes from the nation’s collective student loans. According to Ron Lieber from the New York Times the nation’s collective student loan balance hits $1 trillion and continues to rise each year with the rise in student tuition. There needs to be put an end to this inflation in college tuition each year due to the fact that countless students have to pay for their educations. Many students have to take out loans and are going into several thousands of dollars of debt much of which they are not able to pay off
Some might not believe this, but one study says that it exceeds credit card debt by over $1 trillion (Woodruff 1). Credit card debt seems to get more glitz and glam in the national media, but no one seems to realize student debt is a bigger problem. That isn’t all though, because late last year, the Federal Reserve reported that borrowing covering student loans increased $15.2 billion, while debt from credit cards rose only $817 million from October to November 2012 (Crutsinger 1). This shows that more attention needs to be put on fixing student loan problems so that we can inject more jobs into our economy, thus possibly fixing some credit card debt woes as well because it would enable civilians to have more cash at their
In the past, one could support their family without a college education and still have the means to live comfortably. However that is not the case anymore. In today’s society all of the high paying jobs require and demand college experience. These jobs that are at the high paying end of the spectrum have changed their basic requirements because of technology rapidly increasing day by day, getting more complicated and difficult-which makes them want to make sure that their employees are properly trained. This however, does not sit well with people who are becoming unemployed or who have seniority at their current jobs.
Who gained from this was our K-12 reform programs (Department. of Education, 2012). If this was so, then why are most of our programs being shut down? It seems like we do not get the full story of what is going on with the program budget and were is all of the money going. They are always raising college tuition to help pay for different programs but, it seems that they are not focusing on the programs for the diverse students that are here in the United States.
When Libertarian presidential candidate Gary Johnson was asked his plans for student loans and grants, he replied “My plans don't include doing anything when it comes to student loans. The reason for the higher cost in higher education rests with the fact that there are those student loans available. Because those loans are guaranteed, kids are graduating from college, literally strapped with [the equivalent of] a home mortgage. I'm a believer in free markets.” (Gary Johnson Issues)Gary Johnson suggest that if student loans did not exist--tuition would be a lot lower because colleges and universities want to deliver their product, and if
The published tuition and fees is actually way more than the students end up paying to their universities. According to the College Board, "the average in-state "sticker price" at a public four-year college is $8,240.00 for one year, but the amount that students actually pay on average is $2,490.00 per year". The reason the price comes down so much is because many do not take into account scholarships, federal grants, and tax credits, for which every college student applies because it means less money they owe. In fact, given these resources for financial aid, students attending public two-year colleges on average do not pay any money and in some cases actually made money through on campus