Highest Student Debt

Student aid programs are being cut. The Pell Grant, which is set at $4050 per year for qualifying students, is suffering. Because of the lack of increases in the Pell Grant, the buying power of this grant is decreasing. It no longer is able to keep up with inflation rates (Talia Berman).

Many European countries have offered free university education to encourage qualified students to apply for higher education. Rather than collecting tuition fees from students, these universities are being funded through taxation and charitable organizations. However, the result is not completely what the government has expected. The increasing number of enrollments has made job market very competitive, and many university graduates end up unemployed or underemployed. Moreover, universities are focusing more on the quantity instead of quality of education, which made the value of university degree shrink substantially. Taxpayers complain using the tax payments to subsidize only the students who want to attend universities is not fair, as university education is only one of the many choices for students who graduates from high school and students may have different goals. Currently in Canada, we are having more university graduates than the economy can absorb. If tuition becomes free, more students will be attending universities. However, if the number of jobs created does not match the increase in university graduates, the rising unemployment rate can trigger even more social issues.

The second largest budget line for this initiative is Raise Fair Student Funding (FSF). Raise Fair Student Funding ($33.6M in 2016 and $59.7M until 2019) is given directly to schools in their budgets. If the funding was divided equally amongst schools, each school would receive roughly $357,446.81, which would be relatively $762.58 per student. However, this funding is associated with the FSF formula that change yearly (see appendix ____).

Financial barriers for higher education has climbed over the last ten years. Today, over 40 million Americans have student loans. Of these 40 million, most individuals are struggling to maintain payments on the loans (Hillary for America, 2016). Since 2004, the tuition for in-state colleges and universities has risen by about 42 percent and with the recent Great Recession, states have continued to decrease spending on higher education at a rapid rate (Hillary for America, 2016). It is estimated that states are only contributing around $1,805 per student, which is estimated to be 20 percent less than what was contributed only seven years’ prior. The federal government in

Higher education comes at an extremely high price. The excitement of graduating college to land the six-figure job is soon destroyed when students realize how much debt they’ve obtained. Dreams of owning a house and starting a family are shattered by the money borrowed to provide and guarantee students an excellent future. Instead of waiting to land the ideal job, students work multiple jobs to help ends meet. Struggling to stay afloat, millions of students become victims of one of the major economic crisis in the United States today; Student debt.

Over the last several decades, rising tuition rates and changes in federal and state policies, an increasing number of students are turning to college student loans. As a result of these changes in prices and policies, the percentage of undergraduates borrowing has increased from 37.8% to 46.2% for public 4-year institutions and from 48.5% to 58.9% for private institutions. According to one estimate, student loan debt has reached $1 trillion dollars, surpassing credit card debt (Reynolds and Brandon). Most recently, another report estimated that two-thirds of college graduates in 2011 had an average loan debt of $26,600, which is an increase of 5% from the previous year (Chen and Wiederspan). There are numerous factors involved in the

The Federal government, state government, and Board of Trustees should consider creating policies that are aimed to reduce college tuition because seeing the monetary cost of attendance may deter many people from pursuing a degree which will affect unemployment rates and eventually the economy. Mark Pocan once said, “By making college unaffordable and student loans unbearable, we risk deterring out best and brightest from pursuing higher education and securing a good paying job” (Pocan 1). Education is a fundamental human right, and it needs to be accessible to everyone. The purpose of this paper is to persuade the government to help make

The towering prices of college tuition is an avid cause for the overwhelming ignorance in America. U.S. leaders once hoped that 60 percent of the U.S. population would have college degrees by 2025. Today in 2017, it is closer to 30 percent. Not only do tuition costs dig deep financial holes in a student’s life, the pressure of making the investment causes unnecessary, avoidable stress. Students around the world flourish without the financial commitment. Students in America- the land of the “free”- need the same financial freedoms and opportunities to thrive and contribute to mankind in the changing world of today.

The U.S. government has created a new strategy to make colleges more affordable for low income students. Federal student aid’s primary goal is to help as many students attend college as possible. Financial aid and Pell Grants help low income students who meet certain academic criteria cover the costs of tuition. Low income students are getting a chance to attend college and increase graduation rates from four-year institutions to help close the poverty gap. Colleges and universities should make low income high school students aware of programs that will help them enroll and afford their education. Schools teach low income students that college is a key to their financial independence and a better life. High schools teach Seniors that in order to improve your social standing, employment options and salary expectations, a college education is often necessary. Financial aid is central to the successful enrollment and retention of low-income students. The majority of these students (90 percent) getting financial assistance from government. By maximizing Pell grant award amounts for low-income students, reforming the student loan program, and eliminating bank subsidies, colleges and universities can be affordable.

Having a good sense of how much the desired field of education is going to cost, can help one prepare financially. Majority of all a student’s cost will fall within three categories: tuition fees, books and other course materials, and living expenses. Tuition fees depend on the province or territory where you will study and the school chosen for your desired program. In 2013-2014 the average cost of one year’s tuition at a Canadian university was $5,772.10, although keep in mind college programs may cost less depending on the field of study. Books and other course materials for most undergraduate university programs range from $800 to $1,000 per year, although there is ways of reducing the cost of materials needed: buying used books, getting electronic version, and sharing certain resources with roommates or friends. Living expenses highly depend on how you decide to spend money, this is the most controllable expense of choosing to put yourself through post-secondary school. Living at home with your family, if realistic, can cut expenses by thousands of dollars a year. If planning to live off campus you will have to consider expenses such as bills, gas, parking permits, groceries, entertainment, etc. The main focus is to realize your “needs” over your “wants”. Another thing to consider and plan for is inflation rate or the likely hood of costs rising. (Canada,

As it is said that,”Nothing is free in life” it also remains true with college tuition, one of the biggest argument against a free college is the fact that the 6000$ per year fee for college would just be turned into taxes and now instead of just those few who want to get post-secondary study everyone will have to pay for it. Unfortunately that is true and the rise in taxes would be tremendous increase. But again neither is FREE healthcare free and everyone seems to be liking it even though an average person only makes about 7 visits to doctor per year.Another common argument against free college is that it would be just like high school where students just don't care about studies or their grades but thousands of students throughout Alberta would be glad that they don't have to pay around 20,000$ for a college degree.

The class of 2015 has the greatest school loan debt, in real dollars, to date. Leaving school with such high debt disinclines graduates from starting families and making substantial purchases such as houses. Furthermore, indebtedness greatly decreased our entrepreneurship. We are going after higher paying jobs, like financing, rather than public service jobs, such as health care or education.

On the other hand, some people may say that if this happens, taxes will be raised and the expenses of daily needs will cost more than ever. Also, people may say that that’s what scholarships are for. Professors and teachers wouldn’t be able to get paid if the college had no income. However, many colleges could use donated books and supplies to cover the expenses of school. Scholarships do not apply to everyone sometimes; there are very slim chances of getting a full ride to pay all of our college fees. As for the teachers, our government should be able to provide a weekly income of money for these teachers and staff.

secondary institution tuitions. We want to aid the very people to be affected by this bill.

Canadian Federation blame the government for tuition upward push. Newfoundland and Labrador tuition fees has retain since 2003/2004, scholars in these states carries on paying less for university fees on the median of $2,631 in 2014-2015. Patrick Cain {2016}. Liberal Demacrat Baroness Lorely Burt, said the real concern is increment in scholar fess surely deter less fortunate pupils who will face a bill of over £50,000 on graduation". {Coughlan, S, {2017}.