College Tuition Or Student Loans - 1371 Words

In order to be successful in the workforce, having a powerful career there are things needed like higher education. Graduating from college is essential to finding a successful job, since more jobs are making college degree a requirement, more people are going to college. The problem is the cost of going to college outweighs the earning from the career you obtain. Very little people are able to pay for college out of pocket. In 2014, 42% of undergraduates paid for college out of pocket (Sallie Mae). The result of this is that students seeking higher education are forced to take out loans. On average, college students borrows $25,000 to earn their degrees (Alexandria). I just don t get the concept of college tuition or student loans. It†¦show more content†¦Increased tuitions are results of a variety of factors. Shrinkage of state budget and low endowments cause by the recession forcing colleges to make up the cost somehow (Lee). The government has increased their support du ring the recession. For example, in the form of Pell Grants which doubled over the years. Andrew Kelly, director of the Center on Higher Education Reform at the American Enterprise Institute, writes â€Å"... the increase of federal spending has been completely eroded by the rising tuition prices†(Bidwell). Higher tuition defeats the purpose of the federal government increasing their support. Americans have amassed more than $1.3 trillion of student loan debt (Clements). A lot of graduates are postponing life events like having kids, buying a house, to deal with the debt. About 14% of student are in default. Default means failing to make payments on your loan as scheduled. Defaults usually results in larger loan balances. With this upcoming election, it s crucial for candidates to address student loan debt and their solutions. As a potential voter, it’s important I select the candidate that will benefits me and get rid of my loan debt. Hillary Clinton decided to take the pro borrowers stance. She want to assist borrowers and help them with repaying back the loans. Clinton always fought to make college affordable through her whole political career. Started from expanding studentsShow MoreRelatedThe Cultural And Global Impact Of College Tuition And Student Loan Debt1442 Words   |  6 PagesThe Cultural and Global Impact of College Tuition and Student Loan Debt Introduction College debt is quickly rising as more students pursue a postsecondary education. Tuition is growing at a rate higher than inflation, thus forcing many students to make up the gap between income and tuition through loans (Houle). However, cultural factors must be considered before a young adult makes a decision about higher education. The type of postsecondary education one pursues, if any, is determined by manyRead MoreSchool Tuition : Government s Perspective1643 Words   |  7 PagesYang 2/5/16 p.7 Word Count:1,550 School Tuition: Government’s perspective In the US, free education is available for everyone in the social class from the rich to the financially unstable. However, when students apply for community colleges, families are left with three choice: to pay the full cost of tuition, to apply for financial assistance, to apply for loans. Community college tuitions have been increasing from 1982, and since then it has been increasing moreRead MoreAnnotated Bibliography College Tuition 1697 Words   |  7 PagesBibliography: College Tuition Ayres, Ian. Why Californias Tuition Hike Might Be a Good Thing. Freakonomics RSS. Freakonomics, 23 Nov. 2009. Web. 07 Nov. 2014. According to this article the gap in college has become larger as of late because of students financial situations. Public universities cost on average one forth of private universities. The wealthier students benefit from this because of the way financial aid operates. When the tuition cost are raised it benefits the poorer students becauseRead MoreCollege Tuition1075 Words   |  5 Pageshave acknowledged them through correct documentation.† Student Loans Today college tuition prices are rising. Paying for college can often be a stressful responsibility. A college education is very important for many students, but when stressing on how to pay for college gets in the way, it becomes more of a burden. Kim Clark effectively states the rising prices of college tuition in her article, â€Å"The Surprising Causes of Those College Tuition Hikes.† Clark states that the cost of attending a publicRead MoreThe True Cost Of Education Essay1514 Words   |  7 Pagesdeciding how much money one will make. But, the cost for one’s future is increasing. According to College Board, college tuition has been skyrocketing. 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(Ehrenberg) The average cost of tuition at a four year pubic institution increased from to $2,387 per year in 1975-1976Read MoreThe Benefits Of College Tuition1285 Words   |  6 Pageshaving a college education. Life has gotten much harder and the job market has become more competitive without a four year degree. Having to work two or three jobs and both parents of the home working to put food on the table. People are barely making it with a bachelor’s degree now and are finding themselves needing a master’s degree to get a better job. College tuition has been increasing at a steady rate. Many students are finding themselves not having equal opportunity to attend college due theRead MoreCauses Of Student Debt902 Words   |  4 PagesThe term student debt has become a bit controversial in todays world; it strikes fear into the hearts of students and parents alike. This is because student debt is increasing at an incredible rate and everyone agrees that it is a major problem. Many solutions have been proposed to fix this problem, yet nothing has been done. This problem is projected to worsen in the near future. The causes of this are relatively simple and clear-cut. The increase in student debt is caused by a combination of factorsRead MoreAmerican University Should Seriously Consider Lowering Tuition Costs892 Words   |  4 Pagescost quite as much as NYU, tuition is still very high, even for in-state public schools. If tuition continues to rise, the amount of students that cannot afford to go to college will increase, and these students will not be able to achieve their full potential. Because of this, colleges and universities in America, particularly public colleges, need to reconsider the cost of tuition. One of the wonderful aspects about college is that students are able to choose what college they want to go to, as opposedRead MoreHigh School Vs. The Federal Government1327 Words   |  6 PagesAs a boy growing up my parents insisted that I would be attending college after I graduate high school. Aging through the years, the common perspective was to attend college unlike the viewpoint from the 80’s and earlier where not as many high school graduates attended college. This standard view for many families, like my own, is to put their son or daughter into college so that they may graduate with a degree and seek a career in the tough world as of late. In order to make this goal happen, many