The problem, of course, is that the cost of college tuition has skyrocketed. Students and their families are getting buried deeper and deeper in debt trying to pay for college. Public universities, once havens of affordable, quality college education, have been hit the hardest. Almost every state in America has cut, and/or is cutting funding for higher education (Ortiz 1). It’s a problem that has quickly become a national crisis. The cost of college is very high compared to how the economy has been and how wages and financial aid have not risen with the cost of tuition. This makes it harder for students to graduate and brings a lot of stress to their lives. Without the funding that is needed many students drop out or take a longer time finishing
In fact, “nearly 7 out of every 10 new graduates of four-year colleges are in debt” while they only have “an average balance of nearly $30,000” (Hillary Clinton’s Commitment). The debts of these students are the “second largest source of consumer debt” and are holding back the economy since it “prevents people from forming families, buying homes, and starting small businesses” (Hillary Clinton’s Commitment). In response, Clinton has created her own policy, the New College Compact, to combat the rising costs of higher education. The plan has been stated to allow students to attend “a 4-year public college without taking loans for tuition, attend community college tuition-free” while urging “states to re-invest and schools to reduce costs and raise graduation rates”(College Compact). Furthermore, students who come from families making “$85,000 a year or less will be able to go to a 4-year public college or university tuition free”(Hillary Clinton’s Commitment). According to her plan, the “income threshold will increase by 10,000 a year...so that by 2021, all students with a family income of $125,000” will not have to pay for tuition, which covers “more than 80 percent of all families (Hillary Clinton’s Commitment). In addition, Clinton’s plan will “protect Pell Grant funding to help low- and middle- income students pay non-tuition
The trend continues with the skyrocketing prices of college tuitions. This is not an uncommon issue the days of college tuition being affordable are slowly fading into the past. This conundrum has brought to light the idea of using tax money to help pay tuition. This idea has vast potential, but can it reach its potential.
Bernie Sanders, senator of the state of Vermont said, “The cost of college education today is so high that many young people are giving up their dream of going to college, while many others are graduating deeply in debt” (“Brainy Quote”). Each year students take out loans to pay for a college education. Is it really necessary? They are just going to be a statistic. I believe everyone should not go to college. College is not for everyone.
The cost of college education in the 21st century is absolutely ridiculous. although colleges have to make money to support things like sports, it is making it so more and more kids aren't going to college, and the kids who do go are coming out with huge amounts of debt. People who go to college aren't coming out with the job that they think they deserve, which is leading to lower income, and a harder time paying off their college debt.
The reports will also address how much College for All will cost taxpayers and what the return on this investment will be. The overall goal of this endeavor is to ensure that the United States has the skilled workforce and educated citizenry to achieve inclusive prosperity and economic growth. College for All is radically student centric and will significantly increase the college attainment among students from low and moderate income families.
On the end of the Democratic Party, both Hillary Clinton and Bernie Sanders presented comprehensive plans to help eliminate student debt, although they vary on how to deal with the cost of education and how much the government should pay (Josuweit, 2016). Clinton created the “New College Compact,” to address both the current and future educational costs, her main focus on addressing existing debt and allowing borrowers to refinance student loans at the rates allowed to students taking out new loans, which Clinton claims would provide to relief to twenty five million borrowers (Josuweit, 2016). In addition to this, Clinton wants to reduce interest rates on new student loans which would facilitate enrollment in IDR plans (Josuweit, 2016). On future tuition, Clinton claimed she would provide help so that students never have to borrow to pay for tuition and other fees attending a four year public college in state (Josuweit, 2016).
Texas Christian University, home of the horned frogs, is known for its exceptional medical department, and will give me a great education. Going to TCU will help me prepare for life after college and help me excel at my career.
One of the most popular ideas offered is to increase taxes for the rich in order to reduce interest rates for student loans. This has also been a very popular topic during the Presidential Campaign of 2016. United States Senator Bernie Sanders has proposed an idea in his 2016 presidential campaign that calls for free higher education. His solution urges public colleges and universities to meet the financial need of the lowest-income students. He also proposes that low-income students use state, federal, and institutional aid to cover additional expenses. He has also stated he would like to see an increase in federal aid programs for college students in debt. Another Democrat in the 2016 presidential campaign is Hillary Clinton. She has proposed a higher education plan called “The New College Compact”. "No family and no student should have to borrow to pay tuition at a public college or university, and everyone who has student debt should be able to finance it at lower rates", Clinton stated in speech she gave in New Hampshire. The plan aims at lowering interest rates of current student loans and encourages students to attend and graduate higher education schools. One change that was made by the federal government was by President Obama in 2010. He reformed the Direct Loan program into the “Obama Student Loan Forgiveness” program. Some of the policies issued in this new program include making people
Check out this great podcast episode on how to plan financially for a college education. It has helpful tips and questions to guide parents in the ins and outs of Taming The High Cost Of College.
Many answers that Hillary Clinton gave stood out to me but what caught my attention and kept it was her plan for tuition-free college for working families, “I've heard from so many of you about the difficult choices you face and the stresses that you're under. So let's have paid family leave, earned sick days let's be sure we have affordable childcare and debt-free college.” said Hillary Clinton on npr.org. This caught my attention because many families struggle to further their children’s education upon graduation of high school. At the moment being that college tuition does cost a lot, even if you are awarded a scholarship, some teens don’t further their education because of the fact some of their families don’t have the means to pay for it. Without a college degree it can be hard to find a decent job that pays enough, but with tuition-free college we would have more high school graduates furthering their education and less people making minimum wage trying to make a living
Courtney Munna, a graduate of the prestigious New York University, has found herself $100,000 in debt at age twenty six. The photographer’s assistant has a degree in Religion and Women’s Studies, a program in which the cost is high, yet the value is not. Virtually no career paths exist that would compensate for Munna’s major investment. Munna’s education costs her $700 a month, and she states her regrets of the overpriced degree, “I don't want to spend the rest of my life slaving away to pay for an education I got for four years and would happily give back." While Munna’s sizeable loss can be attributed to her poor choice in degree, the all-encompassing trouble lies in the increasing need for student
There has been a moment in everyone’s life where they have dug too deep to jump back out and abandon the end goal. Students across the country that begin their junior year of high school are thinking about which choice of colleges they have in mind. One of the major problems that keeps a student back like solid steel chain is the tuition it cost for University admission. Students working their hardest throughout their high school career and having the ever conscious situation of financial problems stress them out. Students become discouraged when one of the main reasons for being unable to attend their dream college, is their inability to afford the yearly tuition cost of attendance. Students are then forced to face reality, in the sense that,
In the New York Times article, “College’s High Cost, Before You Even Apply,” Tara Parker-Pope argues that the high-stress atmosphere of college application season experienced by high achieving students is detrimental to many aspects of student’s lives. Tara weaves the impressive argument that for many students, college admissions; especially to selective universities, may seem to hold a golden ticket at a terrible expense. Health, happiness and mental stability to name a few. These detrimental issues brought on by higher education woes are problems that escape J.D. Salinger’s protagonist in his most famous novel, Catcher in the Rye. In a sharp contrast to Holden Caulfield, The New York Times article features high-achieving students rushing into adulthood through a high education medium and are convinced that college acceptance is a precursor to a fulfilled career and a successful
The continual increase of college tuition and student loans has made headlines in the news recently, mostly because of the alarming amount of student debt in the United States. According to the College Board, in 2010, students graduated from college owing an average of $25,250 in student loans; the highest amount ever. Needless to say that we are way pass this amount as of January 2016. As it stands, student debt is more than $1.2 Trillion dollars, higher than both credit card debt and auto loans. It is thus, not surprising that the issue of the cost of college education is at the forefront in this year’s presidential primaries. Democrat frontrunner Hillary Clinton is proposing a “debt-free tuition” and not wanting to be outdone, Bernie Sanders is offering “free tuition” for college students. If they are not being just being “politicians” and remain true to their words, then like Europe, college education in United States will be, for the most part free. However, if they fail to fulfill their promises, then God help America.