The federal government must do more to reign in tuition costs at the public colleges, that educate more than 70 percent of the nation’s students. The cost of four-year public college tuition has tripled since the 1980s, outpacing both inflation and family income. The increase in the tuition burden is largely caused by declining sta...
The thought of being in debt later in life is starting to cause younger people to deviate from going to college. Charlene Oldham stated, “As many 2016 high school graduates prepare for college, many students are wondering if they should go to college at all and the question of whether higher education pays off has been posed far more frequently in recent years as the country’s combined student loan debt load has climbed past $1.35 trillion.” The idea of going to college is beginning to be overshadowed by the fear of debt. The numbers of students taking out student loans is alarming and it is beginning to take a toll on the students that are preparing to graduate from high
College is a path for about more than half of Americans; however many still ask the same question, “Is college worth it?” This question opens up many different pathways of answers and conclusions, but the real answers are within you. After much research on societal perspective of college, there are many places for improvement in our system which causes many flaws in our college education, creating it very difficult to attend. One of the major issue with attending college is the cost, cost leads to debt, and debt leads to many students becoming financially unstable, making students second guess their education. Furthermore making them lower their educational standards, because they have to factor the amount it will cost to attend a university. With cost being one of the main impacts on attending college, it makes it very difficult for some students to decide what path to choose.
The price of a four year institution has soared over three hundred percent in the past twenty-five years or so. We would have to factor in general inflation numbers in order to figure out the real significance. After that, we see that in those twenty-five years, tuition has risen at a rate of two to four times that of the national inflation. That has not been the case with college, however, as enrollments only continue to go up. Ultimately this means that families are paying for a luxury they can no longer afford with money they don’t have. Families are looking at an expense that is thirty-eight
The skyrocketing price of college tuition is causing a tremendous concern over whether higher education will be a viable financial concept to the average citizen over the next decades. Some families have opted to explore different means of obtaining a higher education for their children as these costs escalate. There is overwhelming evidence that colleges need to restructure the way they are run because tuition prices are increasing at a rapid rate causing changes in the way students fund their education and in the way the government provides educational subsidies.
“A record share of students are leaving college with a substantial debt burden…about half say that paying off their debt made it harder to pay other bills.” Students are in so much debt that it takes them forever to get stable on their feet and can’t seem to have stable lives. The debt students are in takes so long to pay off that the interest begins to sky rocket while they are trying to pay for their debts, bills, and all the other human needs. College isn’t worth the cost because most students are in substantial debt that they are unable to handle thus never being able to get their lives in order till it’s too
From the time they enter high school, American students are conditioned to believe that pursuing a higher education is necessary to their success. Advanced classes and extracurricular activities are justified as being preparation for the future. However, as colleges continue to raise costs, it has become practically infeasible to expect young adults and their families to pay for an education out of pocket. Although student loans are available, they are extremely difficult to pay off quickly, so students are leaving school with thousands of dollars in debt, often without employment. Receiving a college education, a vital tool in today’s society, now presents an economic crisis to recent graduates in the form of student loan debt that threatens the financial security of the future workforce as well as the rest of the American population.
Typically, colleges raise the tuition a few percentages above the inflation rate every year (speaker), resulting in a 439% increase from 1985 to 2007 (Kanter). This huge rise in tuition is not only pushing poor families away from college, but even making it impossible for some middle-class families to afford college. With some colleges’ tuition now reaching seventy thousand dollars a year, students are forced to take out an unmanageable amount of loans to attend college. With a “national crisis of more than $1 trillion in outstanding student‐loan debt” (Baylor 9), America’s student debt problem is reaching an all-time high. The average debt per student averages around $29,400 (Kanter), and it isn’t uncommon for students to drop out of school simply because it was too expensive, in fact, “thousands of students leave those schools due to their high costs, defaulting on their federal and private loans” (Kanter). Student loans extend far into students’ lives as well. Too many people are leaving school and going into the work force with too high of loan payments to feasibly pay for everything, “burdened by mountains of college debt, students and their families may be unable to sustain a house, a car, or even living necessities” (Kanter). The increase in tuition causes colleges to, once again, become a place only for the already wealthy. As colleges become unaffordable for the majority of America, the
A college degree can feel like the key that opens the door to opportunities and financial security that will ensure a lifestyle of comfort. Affluent and successful parents have long pushed the doctrine of a college education and how to use it to your advantage. It is the norm and not usually questioned in these families. It is ubiquitous with success and privilege. Low income families see it as a way out. A way to make a better life for themselves. To obtain what the generation before them did not. No matter what kind of household you grew up in, be it wealthy, modest or the poorest of the poor, our society has long viewed a college degree as something prudent, respectable, and an investment in your future. How then have we as a nation gone from championing this American dream to seeing our college graduates garnering student debt amounts that can hinder that very dream? We need to consider the motivations behind borrowing and lending, rising tuition costs and the inability to repay these
The four primary causes for the continue rise in student loan debt over the past decade is due to the instability of our economy (Hillman 35). First, the federal government’s policies ceased the funding of grant opportunities, replacing this option by expanding loan eligibility for college students (Hillman 35). Second, the changes to federal policies impacted state policies that offsetted college tuition costs over the years (Hillman 35). Third, the student population has increased significantly over the past decade; therefore, federal and state policies haves shifted the financial burden to students and their families (Hillman 35). Lastly, the median income for families continues to decline making it more difficult to meet the requirements
The choice of whether or not one should attend college has been a great topic of interest over the past few years with the increase of college tuition. This increase of college tuition questions whether attending college will pay off in the future since numerous amounts of students are left with an excessive amount of student loan debt. Stephanie Owen, a former research assistant at Brooking’s Center and current research associate at the Urban Institute, alongside Isabell Sawhill, co-director of the Center on Children and Families and a senior fellow in economic studies at Brookings, wrote Should Everyone Go to College? In an attempt to answer that question. In their report they breakdown the cost and benefits of going to college often relying
One position on whether or not colleges are worth it state Colleges do not seem worth it because they are just a means for certain people get just get more money. According to the U.S News and World Report in a review over if college is now worth it they wrote, “In 2010, recent college graduates left school owing an average of $25,250 in student loans--the highest amount ever.” Then then later add even more troubling news to those wondering the truth about college stating, “According to the College Board, going to college costs between three and four times as much as it did 20 years ago. About a year ago, the nation’s cumulative student debt surpassed credit card debt for the first time, and it could grow to $1 trillion by the end of this year.” $1 trillion dollars is an extremely large nu...