In today society, people have placed a high value on education; many believed that with a higher education they could obtain a better job. Many jobs are now requiring employee to have some sort of educational degree. The cost of college has increase 3 times faster than inflation (Baum, Payea 7). Financial aid is defined in the Merriam-Webster as “money that is given or lent to students in order to pay for their education”(“Financial aid”). As a result, many students have to rely on financial aid to pay for their college expense. However, not all students received the amount of aid they need to pay for college admission. When students don’t have the aid to cover the expense they will have to change their choice of college. The amount of financial aid student received effect the students in college by determining where the student will attend, whether or not the student have to obtain a job to be financially stable, and the amount of loan students end with after graduating. …show more content…
Christopher Avery graduated from Stanford with a Ph.D. in statistic. Avery is currently a macroeconomic and statistic professor at Harvard University. He also takes part in studies about how humankinds are ranked and selected. Caroline Hobxy is also a professor at Harvard University. She holds the director position of the Economic Education Program. In article “Do and Should Financial Aid Package Affect Students’ choice of college” the authors emphasized that some scholarship helps students determine which college they will attend. While other scholarships helps student to ranked the colleges based on the amount of aid they received (Avery, Hobxy 2). Some students only have financial aid to rely on; therefore if the aid is not enough to pay for admission they cannot attend that
College tuition The cost of going to college is getting ridiculous. If a student were to apply to an out of state public college in 1997 they would be paying on average $8,840; now at the same out of state public school they would be paying around $26,010. Are we expecting people who have little money to stop their education even if they want to keep going or be in a huge amount of debt? If colleges were tuition free or had minimized costs the economy would be better or could improve and so would the lives of millions of people.
Paying for college isn 't a simple process, but with the right resources, you can support your education in the best possible way. Let’s take a moment to figure out what options you have. As you prepare to go off to college, it’s very important to remember that the prices you might see listed for colleges is not the price you will have to pay. Most students will see these sticker prices and won’t even try applying for them.
Studying at university is an expensive investment. Tuition fees have a disincentive effect on the students who from the lower and middle-income families. As Bruenig states the statistice of the college students from the poor and rich families “ At age nineteen, only around 20 percent of children from the poorest 2 percent of families in the country attend college. For the richest 2 percent of families, the same number is around 90 percent. ” Also, most of those students want to achieve better lives so they attend the higher education.
Reducing College Tuition College can either be a rude awakening for some students or it can be an opportunity for higher learning, but the goal is the same: to obtain a higher education and become successful. The purpose of college is to open people’s minds to new thoughts and ideas. Higher education offers knowledge and wisdom, but most of all, it offers experience, which is what people look for and desire when they think about attending college. Unfortunately, there is just one barrier keeping people from obtaining higher education, and that barrier is the price tag of college tuition.
However, it is still an issue for students to cough up that money. The idea of making community college free to any student in America has been a dream for low income students for a while. President Obama’s desire to make the tuition of community college to everyone in the nation would only make it difficult for students to get a free education, limit them to essential resources, and discourage students from applying to four year universities. Granting free community college tuition to incoming freshmen will draw “more students to already crowded community colleges”. Along with the overcrowded campuses, a very long waiting list will soon form making it just as competitive to get into a four year university.
There is many people that go to college, but because of the cost they don't get through college. The elevated costs of college cause not only students to struggle paying for college, but also to struggle financially paying for college when they are done. In many cases, after graduating, young adults who don’t find a job will become poorer, increasing the gap between the rich and the
In this day and age, it is assumed that the majority of high school graduates will be attending college, whether a two year community college or a four year college or university. The problem with this expectation of young people is that college is expensive, which is why numerous people are pushing towards free college for all, not just for the academically talented. While overall publicly funded college is unrealistic, this country could slowly overcome this issue of college debt by providing more two year community colleges across the nation with the tuition of these community colleges drastically reduced. The major reason why many people are pushing towards publicly funded college is a because of the substantial rise in college debt over the last decade.
The financial burdens that college leaves with the families and students needs to be addressed as student loans keep racking up over time. The cost of tuition for colleges has risen drastically over the years and has bounded students to only one or two college choices to choose from and at some points tearing away the opportunity to go to their dream college. However, one reason college has driven up in price is because the value it brings with it’s degrees, but it should not limit those who can not afford the worthy degree. College should be cheaper as it will ease financial burdens and broaden the choices of those wanting to attend
Some college students are working part-time jobs and are full-time students. Perhaps, working through college will not always cover all of a student's education expenses including books, supplies, room and board. If free tuition is given, students will have further time to educate themselves. Moreover, college tuition and prices are at an all-time high. Each year, prices are rising higher and higher.
Many people dream of a life filled with riches, but that dream is hard to obtain without a college degree. It is somewhat ironic how people dream of being a successful student and going to college but the cost of tuition turns that dream into a horrible nightmare. It is not a shock to most people when they that college tuition is expensive, but in the past few years it has increased to an all-time high. Lower and middle class students have now begun to realize that college tuition is holding them away from their dreams. Even though college tuition could provide opportunities for job creation and economic growth, tuition is not affordable for the average American household which in effect, prohibits students from taking opportunities like going to college in the first place.
Forgiveness of Student Loan Debt On a global scale, there is a large amount of people who are unfortunate in the sense that they are all regrettably faced with the issue of the struggle to pay for a proper education. Seeing as those who struggle are unable to pay on the spot, whether it be because they are financially independent adolescents or their families have low financial income, a majority of said strugglers resort to applying for student loans. This allows them to receive an education for the time being, but it still must be paid for eventually. As a result, every student who takes a loan for schooling will be in debt until everything that has been borrowed is paid off.
However, the privilege of obtaining an education is becoming increasingly difficult to finance which ironically leaves some college students with the decision to choose between pursuing their dreams or having a meal on a consistent basis. The general perception of students who attend college is that since they are able to afford to further their education, they are inherently privileged and inevitably categorized as part of the affluent demographic within our nation. In contrast, Frank Eltman of the Huffington Post expressed that the majority of students enrolled in a university are ineligible for food stamps despite suffering from food insecurity. Eltman also capitalizes on the statistic that the tuition for public universities has increased an inordinate amount of twenty seven percent in the last five years. However, tuition is not the only expense that students are expected to finance.
Society often believes college is a necessary experience for a better future, but I argue that the future will not be any better when student debt becomes a part of life for those who follow that mainstream belief. Most parents often dream of the great colleges and universities that their children will get accepted into; however, they fail to think of the cost to attend those institutions. Financial aids! Financial aids! Yes there are financial aids that students can apply to lessen the student debt.
Rising college tuition costs is an issue that hits close to home for many of us. Being a student, will always coincide with money struggles. During ones college search, numbers are all we are told to focus on. These numbers include ACT scores, GPAs, AP tests scores, and the biggest number of all, the cost of college itself. The rising cost of college has three main effects; debt through student loans, less people attending college, and an increasing number of college graduates moving back home.
Equally important, some scholarships are based on race and social factors, however, these do not put a barrier or separate one group from having different financial challenges than the others. As prices continue to rise year to year, the majority of college students are faced with no solutions to the universally wretched financial