Education Is Valuable For The Citizens Of America Essay

Here in America every single child is sent to school starting at the age of five years old for kindergarten, and sometimes as early as two years old for pre-school and continue on to get an education late into their twenties, some even going on to take classes the rest of their lives. Education in America is something that is readily available and even is required by law, but taken for granted by many children. On flip side third world countries often do not have schools or public education mandated by government, and most times it is not even available when most children yearn for it. Education is taken for granted in America, and in third world countries where education is almost completely absent something can be learned from their

An education is one of the most important tools a person can acquire. It gives them the skills and abilities to obtain a job, earn a wage, and then use that wage to better their lives and the lives of their loved ones. However, due to the seemingly exponential increase in the costs of obtaining a college degree, students are either being driven away entirely from earning a degree or taking out student loans which cripple their financial prospects well after graduation. Without question, the increasing national student loan debt is one of the most pressing economic issues the United States is dealing with, as students who are debt ridden are not able to consume and invest in the economy. Therefore, many politicians and students are calling

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.

Advanced technology and forms of communication have changed the way we look at our nation. The current political climate and the cultural movement that is happening in our nation is going to go down in history as a revolution. A revolution where news headlines are instantaneously on our phone screens, and thanks to our advanced technology, a whole world of information is a few clicks away. However, despite these advancements in technology, the cultural change in America is often slowed down because there is a general lack of education. In America, education is the one, if not the biggest barriers that economically and institutionally suppress an overwhelming amount of the nation’s adults. Majority of adults in America do not have basic reading and writing skills yet education is still not a priority in America. There is a crucial need for education in America, now more than ever. In my opinion, the only reason for the current political climate in America is the lack of education that brings basic awareness. The solution to what we are witnessing as a nation is an education that makes individuals aware of the reality of our circumstances and allows them to see a perspective from multiple points of views. In this paper, I will present my argument on why education should be made a priority in America.

The American public educational system is filled with an assortment of problems. Most students are graduating with less knowledge and capability than similar students in other industrialized countries. Classroom disruptions are surprisingly common, and in some classrooms, nearly continuous. The public education system is having difficulty adjusting to the no child left behind act. The No Child Left Behind(NCLB) is a landmark in education reform designed to improve student achievement and change the culture of American’s schools.

In the U.S. students are encouraged to earn a college degree, but the cost of an education turns many away. “Driven by the allure of a decent salary with a college degree, Americans borrowed to go to school. Outstanding student debt doubled from 2005 to 2010, and by 2012 total student debt in the U.S. economy surpassed $1 trillion” (Mian, Sufi 167). There are plenty of opportunities to obtain funds for college, including one of the most common, student loans. A student loan is defined as “a common way to fund education, specifically college and graduate school, and they provide educational opportunities that you otherwise may not be able to afford” (Barr). Student debt is at an all-time high in America. Over half of all lower income

College, originally deemed as the pointer to guaranteed employment, financial stability, and an indicator of success, has been declared in jeopardy. Topping the credit card debt and many household debts, the student loan debt has been pronounced the next potential financial disaster in the U.S. With 2014’s numbers currently exceeding $1.2 trillion, the debt figures have reached about twice of 2007’s remaining debt (Akers, 2014). Gone are the days when a parent could send a child to the state university to study their interests and finish off with a job offer, ensuring a respectable future. The average balance for a 2014 college graduate is $32,500, which will be dragging out of not only themselves but also their families (Rajan, 2014).

The student loan system came about in the Higher Education Act or HEA of 1965 (Wenisch, 2). This act allowed “federal loan guarantees to extend to private lenders so as to encourage them to lend funds for the specific purpose of financing college education” (Wenisch, 2). The HEA was inputted so that more people, from lower income families, could still get a higher

When discussing further education for a high school graduate, attending a university is very costly. The use of federal loans became dependent on most American families that try to provide such an education to their child. Before World War II, academically advanced students from families that were unable to finance college could apply for competitive scholarships; Scholarships mutated into “financial aid” when the GI Bill of Rights financed college for the discharged veterans (Toby, 2010). Since then, student loan debt has surpassed $1 trillion, which is larger than debt accumulated from both credit cards and auto purchases (Student Loan Debt No Longer Just Problem for Borrowers, 2012). With the increasing amount of loans and the uprising cost of college, students fall farther into student debt every year. Whether it is at fault of the university, the poor economy, or the aid programs in general, students should not be required to pay back their federal student loans before finding a steady job in their field of study.

Since 1983 public education has been an issue in America. The system has been constantly changing every year with reforms. This constant change has been driven by the American people’s perception that education has declined and something should be done about it. First there was an increased emphasis on basic skills, making school years longer and more graduation requirements. Second, many began focusing on increasing teachers professionalism. Third, they began restructuring many things such as how the schools were organized and how the school day was structured etc. Now today the most of the American people believe that not enough money is given to public schooling. They associate academic improvement with the money the school is funded.

Education in the United States is a very crucial part of a person’s life. Going to school opens doors and facilitates the pathway for future individual achievement and economic success. Formal education is a conscious effort by human society to convey the skills and modes of thought considered essential for social functioning.

The movement for change began during the banking credit crisis of 2008, which highlighted the lending industry’s abuse of loans and loan subsidy dollars. Occasionally, lending institutions would give subsidy dollars to schools in exchange for recommendations (which was against the law) or use the dollars as bonuses for lending institution executives. As lending institutions lost the financial capital to stay afloat, the lenders quickly stopped participating in the Family Federal Education Loan program (FFEL) and began selling their student loans to the Department of Education (DOE). As students defaulted on loans still held by lending institutions the DOE, which guaranteed the student loans, paid the lending institutions for the value of the loans plus the interest. The lending institutions were not at risk and they would make money no matter what the result of the loan was. By December 2009, “…the Education Department already owns and services 80% of the student loans made last year” (Duncan, 2009). The American taxpayers were paying for student loans they themselves did not have. Lending institutions felt that the end of FFEL meant hundreds of jobs

The cost of tuition for higher education is quickly rising. Over half of college freshmen show some concern with how to pay for college. This is the highest this number has been since 1971 (Marill and O’Leary 64-66, 93). The amount of college graduate debt has been rapidly increasing also. With limited jobs available because of the high unemployment rate, college graduates find themselves staying in debt even longer. Although grants and financial aid are available to students, students still struggle to pay for their college tuition. Higher education costs are prohibitively expensive because the state’s revenue is low, the unemployment rate is high, and graduates cannot pay off their student loans.

If an aspiring college student doesn’t have the necessary funds to attend school, there is another option they could use to pay for school. Student loans are a popular choice so that the student can pay for school. While this may seem like a great option for affording school, it can be a devil in disguise for many. The New York Times reports that Americans owe over 1.4 trillion dollars in student loan debt (Kelly 1). This happens when a college student takes loans with the belief that the college degree they get will help them achieve a higher salary which will in turn will help them pay off their debt. This often isn’t the case. A student takes the loans and attends school, but does not receive the salary that they were hoping to acquire from attending school. A standard payment plan for students is to pay off their debt in ten years, but according to a study conducted by US News, the average bachelor degree holder takes twenty-one years to pay off (Bidwell 1). This is a common occurrence as well, a report conducted by The Institute for Collee Access and Success shows that in 2012, seventy-one percent of college graduates had student debt (Serrato 1). The current system that the government offers to help those struggling to afford a secondary education is a flawed program that needs restructuring.

A limitation for this research is that we will able to focus only on the United States and Chile student loans systems, as that process is not yet implemented very broadly worldwide. The United States has implemented the federal Family Education Loan Program (FFELP) to provide funds for students.