With limited jobs available because of the high unemployment rate, college graduates find themselves staying in debt even longer. Although grants and financial aid are available to students, students still struggle to pay for their college tuition. Higher education costs are prohibitively expensive because the state’s revenue is low, the unemployment rate is high, and graduates cannot pay off their student loans. One reason that higher education is not affordable is that the states’ revenue is low and the states are in debt. Because of their decreasing tax revenues, many states need to make cuts in their budget.
Their idea behind this last-merit based program was to lessen the amount of people who were in need of the Pell Grant, and thus lessening cost. However, to improve its cost effectiveness there needs to be more low-income families enrolling in postsecondary schooling. Basing the Pell Grant off academic successfulness has proven ineffective and serves the opposite purpose of making college more affordable for all
Tuition has also risen three times faster than consumer price index and two times faster than medical care (Belkin). Due to the combination of inflated college prices and poor economics, the average graduating student was left with $24,000 in student debt in 2011. A survey by the Institute for Financial Literacy stated that 13.6% of people with bachelor degrees filed for bankruptcy in 2010. The students dealing with debt also had to worry about the 18% youth unemployment rate. In order to have a job to make money, college graduates are forced to work in jobs that do not take a college degree.
Instead of encouraging students to be successful, “the United States was one of the first countries to move away from public provision of higher education by increasing the enrollment fees to attend university” (Ortiz 710). Students are left either in debt for many years after their education or worse cease to continue their education due to tuition and enrollment fees. Financial aid is crucial to a young adult. However with budget cuts the amount of financial aid distributed still leaves students in debt for years. Why are students being punished to further their education when an education is the only way to get higher paying jobs?
Its sad the amount of students not going to collage based on tuition in the United States. Anymore, 47% of junior high and high school student’s parents feel they can't afford college for their kids anymore with the cost of tuition and it still increasing. I feel college tuition is way too high in the United States for most families in today's economy. Over half of the students going into college show some concern with how to pay for college. The amount of college graduate debt is rapidly increasing.
Districts have to think about if it is worth the money to reduce class sizes, and if there is enough proof that students are academically better off in smaller class size rather than larger classes. According to Matthew Chingos and Grover Whitehurt authors of Class Size: What Research Says and What It Means for State Policy, “Increasing the pupil/teacher ratio in the U.S. by one student would save at least $12 billion per year in teacher salary cost alone” (Chingos, Whitehurt). Why would districts want to pay for the creation of smaller classes when they could save more by just adding more students to a class? This goes to show that there should not be a price tag on someone’s education. Why put more on a teacher’s plate just to save money?
Sometimes, some of these students have to leave with their education partially finished, leaving them with crushing debts. It is important to find the means to prevent these students that are victimized by skyrocketing tuitions from dropping out, and encourage all incoming high school seniors to continue their education. The reality is that the rise in college tuition is no longer affordable for the average American household. Parents cannot afford to pay for their children’s tuitions on their incomes and students are very often forced to enroll part time in order to have the time to get a job to pay for college. This very often causes a decrease in these students GPA and consequently increases the number of dropouts in the long run.
In the article, “Freedom to Fail? The Board’s Role in Reducing College Dropout Rates.” by Stan Jones says, “ To retain students, boards should consider an approach to governance that reduces the time it takes for a student to graduate, lessens the number of choices, and provides more predictability and structure.”(Jones, Stan 20-23) At least the Boards and Government is taking charge of this issue because college dropout increasing and that can affect the future of this country. Although going to college in the United States is a high demand, there are many students who drop out in their first year school due to, high tuition, inadequate academic preparations and how their raised. One of the main reasons why students drop out is because of how they are raised. Parenthood is very important in a child’s life.
Some might see this as a great expense with an increase of taxes. Yet, Congress has already approved $1.3 billion last year to help reduce our schoolsí class sizes. The goal to is to bring down the average size classroom of 25 students to about 18 students per teacher. In those schools that have already taken advantage of this program, students have shown a great deal of improvement in grades and on tests (U.S. Department of Education 1 and 2). Though expensive, class size reduction is a necessity because research has shown that children are more successful in learning environments which have fewer students.
The biggest reason for the increase in tuition cost is due to the reduction of state funding. Between 1984 and 2003 state funding dropped from sixty-two percent to thirty-eight percent of total expenditures (Micceri). This meant that what universities had previously been receiving to cover their costs of teaching, the youth of the world, was drastically reduced. By receiving severely reduced funding the colleges have had to find a way to cover their overhead cost so they turned to the simplest and fastest form of greater revenue, increased tuition for the students. A college will always have students that will pay for their education and because of this when the governmental subsidies were cut the students had to cover the monetary reduction that was incurred.