The privatization of higher education has led to the emergence of a fairly new but already controversial matter; student debt. As tuition rates and other college costs steadily increase, students who do not come from wealthy backgrounds must find ways to pay for their college education. The most common approach for students like these is taking out multiple student loans throughout their stay in college. These loans are coupled with interest rates that leave many current and graduating students worrying about how they are ever going to pay off all their debt. In The Stude...
... middle of paper ...
...panies are affected too, but they are affected in a way in which they reap all the benefits while the students take on all the costs. Massive debt, mental stress, social expectations; these things are all faced by students as a consequence of college privatization. These consequences are not by choice either, there are some students who simply must take out loans in order to make it through college; the alternative would be dropping out and working a low-wage job. Colleges are now using that to their advantage; claiming they can specialize students and give them better job opportunities in the future. In the end, college has become a source of income for many organizations looking to squeeze as much money out of students as they can; and from the looks of it, college will continue to stray away from its original purpose which was to fully educate the youths of today.
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- Prison Privatization is a term used for which local, state and federal correction facilities hire companies from the private sector to run prisons and provide prison-related services. Some private companies are contracted only to provide things such as medical care, counseling, food services, and maintenance within publicly owned jails and prisons. Today, more and more private companies are being contracted to not only design and build, but also to operate new jails and prisons on both the state and federal level.... [tags: Prison Reform, criminal justice, informative]
1711 words (4.9 pages)
- In the previous years ago, the word privatization was not well-known same as today. Conversely, word nationalization was popular at that time because of the government at that time owned all of the important enterprises such as infrastructure businesses while private sector owned in the diminutive enterprise which not important about the lifestyle of the people that illustrated the government had more bargaining power than private sector. Almost people knew nationalization but did not know about privatization.... [tags: privatization, nationalazation, USA, history,]
1034 words (3 pages)
- The recent announcement of privatization of national resources and enterprises in Kosovo has sparked a great deal of debate. While the government is preparing to put on the market some of the most important national assets in hopes of creating better economic prospects, questions have arisen about the rationale of this decision. Seen from the perspective of different schools of thought in Kosovo, privatization is considered to be either absolutely necessary, or too dangerous. It is our way either to a modern, developed and prosperous economy, or to increased unemployment, poverty and social plight.... [tags: world economy, economic]
2137 words (6.1 pages)
- Ethics problems of privatizing water supply services. Paper submitted for Ethics class, with good reseach on Chinese market. Privatization of public systems has been going on in both developed and developing countries for many years, maybe with more strength on developing countries in the last decade because of their higher reliance on public companies. The inefficiency of many public companies and its burden to the countries bearing them has been probably the reason most commonly used to justify them.... [tags: Country Development Ethics Position Paper]
1732 words (4.9 pages)
- Privatization Privatizing services is a more attractive option for most local governments and is widely practiced around the state. There are certain government services in which it is impractical to create a free competitive market. For others, it is almost impossible to predict the potential success or failure of privatization. These unclear predictions make privatization a very complicated issue for local governments. The combination of rapidly rising service costs and slowly increasing revenues has led officials in some cities and counties to use non-traditional income services to fund government options.... [tags: Government Businesses Papers]
3815 words (10.9 pages)
- The term Privatization is often loosely used to mean a number of related activities, including any expansion of the scope of private sector activity in an economy and the adoption by the public sector of efficiency enhancing techniques commonly employed by the private sector. While acknowledging that no definition of privatization is water tight, we will define privatization, for the purpose of this paper, as the transfer of productive asset ownership and control from the public to the private sector.1 The transfer of assets can be total, partial or functionary, with the sale being implemented by methods such as private sales, leasing arrangements, employee buy outs and share issues.... [tags: private sector / public sector]
469 words (1.3 pages)
- ... Sub-contracting and Contract Labour is a part of MNC’s strategy to reach out to the cheap labour in the devloping countries and to deny a poor country’s capital for having exclusive access to his labour. Many jurists argue that the need for employment of Contract Labour is unquestionable and they further insist that employment is contract labourers is necessray for a number of reasons which are mentioned below: • The employment of contract labour would relieve the principal employer of the need for direct supervision and control over the employees.... [tags: liberalization and privatization]
2677 words (7.6 pages)
- Privatization is not a new phenomenon and has been affecting governments both positively and negatively for many years. Privatization is the process in which a government will sell a state owned enterprise and assets to be privately owned and operated. “The United Kingdom, under the Thatcher government, ushered in the era of privatization in the early 1980s.” (pg3) “The focus on privatization is rooted in the ideological belief that competitive markets are the most efficient actors capable of distributing resources and producing goods.” The sale of assets in the first decade of privatization generated more than £15 billion of revenue for the government.... [tags: SOE,tax collection,public good]
1795 words (5.1 pages)
- Airports are key enhancers of commerce and trade; they generate massive transportation and key economic benefits (Vasigh, 2007). Privatization of airports relates to transfer of ownership of airport from public ownership sector to private ownership (Jobs Consultancy, 2007). Privatization process aims at increasing of efficiency, competitiveness and viable financing of airports. Considerations on whether to privatize an airport are made by governments and the decision has a long-term impact that follows (Jobs Consultancy, 2007).... [tags: Aviation]
873 words (2.5 pages)
- Brazil and Privatization The earliest inhabitants of Brazil were the Indians. However, the country’s recorded history begins with the arrival of the Portuguese in 1500. The Portuguese sailor Pedro Alvares Cabral visited the continent we call South America, eight years after Columbus arrived in America. Portuguese settlers followed, calling the new colony Brazil, after the brazilwood tree that they extracted red dye from. The Portuguese did not bring prosperity and progress to the Indians.... [tags: Brazil Economy Culture History Essays]
4020 words (11.5 pages)