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Importance of higher education ( essay)
The importance of higher education
Essay on importance of higher education
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What to do after graduation? This is a question many high school students ask themselves as they near the end of their senior year. Most students will want to go on to higher education and continue their studies to receive a degree in something they are passionate about. Unfortunately, some of these students don't have enough money or receive enough financial aid to attend the schools they dream of; and most of the ones that do, graduate with a huge debt due caused by student loans. Over recent years, state universities, whether public or private, have been raising their tuition rates and fees. Because of this increase, fewer and fewer students are enrolling in universities to further their education, and the number of students dropping out of college is rising as well (McClure 12). State universities should lower their tuition rates and fees in order to allow more students the opportunity to go on to higher education after high school. The transition from high school to college is hard enough with all the coursework. But now, students have to worry about constantly rising prices in their schools. A main obstacle students face while in college is being able to pay for their classes and books. That is why many students seek to obtain part time jobs. However, a part-time student’s salary is not enough to cover the expensive books and high tuition. This leads to students obtaining full time jobs, multiple part time jobs, or the most common of them all, student loans. Erin Sandonato is a perfect example. She graduated from a public high school in Georgia and had good enough grades to have scholarships pay for her education. However, when she transferred to a university outside of Georgia she no longer had any aid and h... ... middle of paper ... ...08. Web. 19 Nov 2009. Dannenberg, Michael. "The Truth About Tuition." American Prospect, September 2009. Web. 15 Nov 2009. Duke, Alan; Martin, Augie; Morrison, Greg; Lamanivong, Lynn. “Protests of tuition increase continue on California campuses.” cnn.com. CNN, 20 November 2009. Web. 27 Nov 2009. “Federal Pell Grant Program.” ed.gov. U.S. Department of Education, n.d. Web. 27 Nov 2009. McClure, Ann. "Conclusion: college is expensive: annual trend reports put the spotlight on pricing and student aid." find.galegroup.com. General OneFile, December 2008. Web. 15 Nov 2009. Price, Tom. "Rising College Costs." library.cqpress.com. CQ Researcher, 5 December 2003. Web. 22 Nov 2009. Riley, Anjanette. "Tuition increase will provide $55 million to Arizona universities." find.galegroup.com. General OneFile, 5 December 2008. Web. 17 Nov 2009.
In recent years, there has been a tremendous increase in student enrollment in higher education after high school effecting the need for financial aid for all students. Education has become a growing part in America where more students want to better their lives with a college education. However, the cost of college tuition has increased and more students find themselves struggling to pay off the enormous tuition rates. In a recent study by the Consumer Financial Protection Bureau, student debt has reached $1 trillion in federal loan debt. Student loan debt has crippled the economy and students are struggling to pay off federal loans. In order to help students with the high tuition rates of college the government and universities offer
“What Is The Difference Between In-State And Out-Of-State Tuition?” Education USA. United States Department of State, n.d. Web. 9 Oct. 2016. .
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:
It is a norm and expectation in society today for students to pursue higher education after graduating from high school. College tuition is on the rise, and a lot of students have difficulty paying for their tuitions. To pay for their tuitions, most students have to take out loans and at the end of four years, those students end up in debt. Student loan debts are at an all time high with so many people graduating from college, and having difficulties finding jobs in their career fields, so they have difficulties paying off their student loans and, they also don’t have a full understanding of the term of the loans and their options if they are unable to repay.
Lankford, Ronald D. "Chapters 2 and 3." The Rising Cost of College. Detroit: Greenhaven, 2009. N. pag. Print.
Children of the twenty first century spend nearly 13 years in school, preparing for what is college, one of the only ways to achieve the so-called “American Dream”. College is the best way to start an advanced career and go further than one possibly could if college degrees were not available, allowing people to achieve their view of the American Dream; whether it be large houses, shiny cars, multiple kids, or financial comfort, college is the stepping stone to achieve the American Dream. But all great things come with a price, college dragging along debt. Students who attend college struggle to find ways to pay for it, leading to applying for student loans. These loans a great short term, paying for the schooling at the moment but eventually the money adds up
Larson, Erik.; Why colleges cost too much; Time, v149 (Mar. 17 '97), 1997, pp. 46-50
Fighting the cost of college tuition is a hot topic these days. As long as I can remember, tuition has always been a reason why most people don 't pursue their bachelor’s or even associate degree. Today 's society has changed students are fighting for grants, financial aid, and even loans to pay through school. In order to be financially comfortable in the 15th century a college education is a must. It is an everyday battle getting financial support from a college’s administration. Colleges need to be more affordable, obtaining funds less stressful, and colleges must enact policies that condone these principles.
In today 's society, many young adults pay thousands of dollars to go to college to be able to get a good job in the future. However, as society continues to move forward many young adults are leaving their campuses with expensive degrees, while also still struggling to get a job. One of the things contributing to the growing risk of going to college is how increasingly expensive it is to go to school. Things like student loan debt are a major contributor to that expense. Casey Bond stated how “The growth of student loan debt is being compared to the recent housing crisis because of the significant growth of subsidized lending,” The primary goal of college used to about gaining new knowledge and becoming a better member of society. However,
With the ever-increasing tuition and ever-tighten federal student aid, the number of students relying on student loan to fund a college education hits a historical peak. According to a survey conducted by an independent and nonprofit organization, two-thirds of college seniors graduated with loans in 2010, and each of them carried an average of $25,250 in debt. (Reed et. al., par. 2). My research question will focus on the profound effect of education debt on American college graduates’ lives, and my thesis statement will concentrate on the view that the education policymakers should improve financial aid programs and minimize the risks and adverse consequences of student loan borrowing.
With the rapid growth of college tuition, it has become an important issue in higher education. College Tuition is simply defined as the charge or fee for instruction, at a private school or a college or a university. Most people agree today that college tuition is too high or that it needs to be completely dismissed. There are some however, that may disagree with the claim about college tuition and state that college tuition is necessary for college growth, and it’s primary purpose is to pay for college expenses to support the institution financially. Research shows that college tuition is too high and that debt has become a standard in America after attending post-secondary school.
Merkein, M. B. (2013, October 23). Colleges see a slowdown in tuition price increases. Retrieved January 30, 2014, from http://www.usatoday.com/story/news/nation/2013/10/23/college-tuitions-rising-more-slowly/3151897/
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.
During the 1950's the cost of gas in the U.S. was approximately 30 cents per gallon. According to EIA’s weekly survey, in 2008 the U.S. highest monthly average cost of gas was $4.43 per gallon. (U.S. Energy Information Administration). Subsequently, gas is not the only item that has accelerated in cost due to inflation. As the economy continues to downfall and inflation continues to rise, the cost for many valued goods and services have also escalated. College tuition, a common expense for many families has skyrocketed. “Over the past two decades, they’ve risen roughly twice as fast as inflation” (Vogelstein & Toch 68+). Due to rapid college financial increases, families have been reevaluating the benefits of college before spending thousands
Fees and loans are too big of a load for young people to carry. A lot of students drop out do to the pressure of having to worry about all the loans they have to pay back after they are done with college. This should not be an issue to the student. According Iatham Emmmons, “Even worse, a large portion of students never receive funding at all due to the multitude of stipulations that must be adhered to in order to qualify for assistance. A major flaw in the current federal educational assistance programs is that the students’ parents’ income is used to calculate financial need” (Emmons 3). Even citizens who try to get help by applying for funding never end up getting it because they do not meet the needs required for the funding. Education should be p...