Education is an important factor in our society and it should be consider as such in all aspect. This paper explores the decrease in funds since the recession in 2008. Further I will also explore the rate of students graduating and continuing their education after high school. I will further discuss the public and private benefits of education
As research have shown the state of Georgia does allocate fund to public institution to foster and encourage more students to enroll and graduate from college. However, I don’t think Georgia is doing enough to contribute toward education. According to NCHEMS Information Center, public High School graduation rate in 2009 was 59.3 just a little above average. Going Rates of High School Graduates directly from High School to college – 2010 was 67.7% which was not as bad compare to other state. Research also shows since the Great Recession, enrollment growth is up in Georgia by 5.1% which is also just above average. This is a proof that, Georgia needs to encourage more students and contribute more towards education, not just higher education but elementary and secondary schools.
Changes over time in school district revenues are measured by changes in real (adjusted for inflation) revenue per FTE (full-time equivalent) to account for the changes in enrollment. In real terms, total revenue per FTE for K-12 education in Georgia has decreased considerably since 2008, the first year of the Great Recession. Total real revenue per FTE in FY (fiscal year) 2008, $9,952, was nearly 17 percent higher than the total real revenue per FTE in FY 2014, with declines in both state and local revenue per FTE, suggested by Davis, E. and Ruthotto, I. (n.d).
With the growing cost of education not just in Georgia b...
... middle of paper ...
...provement. We need more funds put into our education system to relief some of the financial burden from students and their family.as stated above student continuing the education is not just a private benefit but a public benefit as well.
References:
Davis E. and Ruthotto I. (n.d). Financing Georgia’s Schools: A 2015 Briefing Elton Davis OCTOBER 20, 2015. http://cslf.gsu.edu/files/2015/10/Financing-Georgias-Schools_October-2015.pdf
NCHEMS Information Center. The National Center for Higher Education Management Systems. Retrieved fromhttp://higheredinfo.org
SHEF — State Higher Education Finance. State Higher Education Executive Officers Association. Retrieved fromhttp://www.sheeo.org/projects/shef-%E2%80%94-state-higher-education-finance
Public and Private: What 's the Difference? | Inside Higher Ed. (n.d.). https://www.insidehighered.com/views/2006/03/06/lombardi
A college education costs a lot these days, but is a huge investment. The amount of money that the average college graduate earns is much greater than the money that the average high school graduate earns. Over the decades, the education pay gap between the educated, and the ...
Since the 1980’s the cost of attending colleges have increased rapidly. Rising costs of for Medicare, highways and prisons have caused many states to reduce a percentage of their budget for higher education. Colleges and Universities currently face a very serious challenge:
Allan and Davis mention the spike of college cost since 1995 has increased by 150 percent; student debt has increased 300 percent since 2003, and with education, second to the mortgage industry in the nation’s debt, America needs to redirect their attention to the future and focus on education (Allan n. pg). Budget cuts from national to state
In order to develop a better job with school finances the administrator had to dedicate time, and consider many factors not just the monetary aspect, but also, an administrator has to have are where to allocate the funds, the amount available, and resources provided. Also, the importance that the financial system sees public education as an important source for the future of the children and their investments are guide tours the education (Rose, 2013). Finances at schools allows them to obtain programs to enhance the education and encourage to keep a good attendance. All schools and districts need to be somewhat strong financially in order to provide students with a higher quality education as well the technology advantages.
Frank Johnson, a writer for the National Center for Education Statics, “Disparities in Public School Spending.” Reported in 1995, public education expenditures per student are higher in the nation's smallest districts whereas students receive an average fully adjusted expenditure of $4,862 versus $4,216 in the largest district’s 10,000 students and above. (Johnson 4)
School funding is a recurring issue in the modern era. Debates ranging from give schools more money, to get rid of the system in place and reform a new idea have been plaguing the world over the years. “The American Recovery and Reinvestment Act, signed in 2009, provided more than $100 billion in education aid to offset budget cuts..” (School Finance). Later, “Congress provided an additional $10 billion in 2010 to avert mass teacher layoffs (Education Week, "Total Recovery Act")” (School Funding). These numbers are just a sample of the struggles in school funding, that is costing a ton of money to keep afloat. “There are many ways schools fund varying from state to state and even school to school. Income taxes, corporate taxes, sales taxes, and other fees provide 48 percent of the elementary and secondary school funds. 44 percent of local districts draw money from local property taxes. The federal government makes up approximately 8 percent of state education budgets. These funds are a dealt out on a per-student basis, and categorically to ensure enough resources for each special program or facility” (School Funding). These funds play a huge role in every student's education, either positive or negative. The three main areas that need to be addressed in the school budget are extracurricular funding, building and equipment maintenance, and last but not least staff funding.
Koppich, Julia E. “Journal Issue: Financing Schools.” The Future of Children. 7.3. (1997). Web. 30 Apr. 2014.
A high school education is no longer sufficient to succeed in America’s increasingly complex economy. However, because of the high price point of a college education, far too many Americans are unable to afford education beyond high school. As shown in the graph below, the higher level of education received greatly increases the chances for employment and also dramatically increases the average salary potential of an individual.
... through the years after the Great Depression the Unites States staked a claim in the educational advancement of its citizenship in order to build a strong economy. However, unlike years past, public ownership and support of higher education has decreased in the face of growing inflation and the nations changing economy.
Julie green and Erica Lepping. “Education Report- Shows Poverty Linked to Student Achievement.” School Funding Inequity. Sptember 8, 1998. ©2000. <http://www. geocities.com/~schoolfunding/index.html>
As the numbers of college graduates employment have increased for each years, many people have being debating that whether everyone should have college education and whether college education still worth it for everyone. Some people found that they did not gain the benefits that they wish from college education, and some people found that they still could not find the job they desire after they spent all the money they have on college education and being in heavy debts. Therefore, people started to believe that colleges are not designed for everyone, and force oneself to attend colleges could lead to negative outcomes. Consequently, people who cannot afford to attend colleges, who do not have adequate academic skills to be successful in colleges,
As colleges’ funds dry up, colleges must turn to the public to further support higher education. By raising state taxes, colleges can collect funds to help improve the school’s budgets. The state provides funds from the taxes for colleges to receive a certain amount for each student currently enrolled. All community and traditional four year colleges collect these funds in order to maintain the school’s budget. As reporter, Eric Kelderman states, “less than a third of colleges’ budget is based from state taxes”. The school’s budget is how colleges are able to provide academic support programs, an affordable intuition, and hire more counselors. Colleges must now depend on state taxes more than ever for public colleges. Without collecting more funds from state taxes, as author, Scott Carlson explains how Mr. Poshard explains to senators “our public universities are moving quickly toward becoming private universities…affordable only to those who have the economic wherewithal to them” (qtd. in.) Public colleges must be affordable to anyone who wishes to attend. If colleges lack to provide this to students, it can affect dropouts, a student’s ability focus, and cause stress. The problem of lack of funding is that colleges have insufficient funds. Therefore, the best possible solution for the problem of lack of funding would be increasing and collecting more funds from state taxes.
Proper school funding is one of the keys to having a successful school. Americans believe that funding is the biggest problem in public schools. School improvements revolve around funding. There needs to be funding not only in the successful schools but also the schools that aren’t doing as well. In documentary, Waiting for Superman, it talks about how smaller class sizes will help students. Funding is what will help the smaller class sizes. State funding mechanisms are subject to intense political and economic scrutiny (Leonard). Studies have shown that funding is inversely related to accreditation levels (Leonard). School funding needs to be increased, but there must be accountability as well.
Budget cuts are continuously present and affect the way state governments are able to manage their funds. Researcher Michael A. Rebell has found, “‘A survey of forty-six states with available data indicated that… thirty-seven are spending less on education in 2011-2012 than they did last year, thirty are spending less than they did in 2008, and half of them have cut funding by more than ten percent since the 2008 recession’” (Rebell, “Safeguarding the Right” 1859). In all states, budget cuts are resulting in a reduction in the quantity of resources, educat...
The challenge in school finance is to find an economic equilibrium or a balance between school and program funding and long-term financial stability. In order to work toward the goal