With the upcoming elections, third-party candidate Bernie Sanders has been one of the most talked about candidates because of his belief that tuition and cost of living at public colleges and universities should be free. Free college has become one of the most talked about policy proposals on the campaign trail, but questions surround the policy, such as how it would work, how much it would cost and how it would affect students (Rhatican).
Most colleges bundle their prices in terms of tuition and fees. In 1995, tuition for private colleges was around 14k, for Public out of state it was around 7k and for public in state it was around 2k. (usnews). According to the College Board, the current average cost of tuition and fees for the 2015–2016 school year was $32,405 at private colleges, $9,410 for state residents at public colleges, and $23,893 for out-of-state residents attending public universities. Tuition reflects the overall cost of a college providing instruction and usually incorporates a college 's costs for staff, faculty, grounds maintenance, buildings, computer systems, and libraries (Dominique).
There is somewhere between 902 billion dollars and one trillion dollars in total outstanding student debt today, and around 60 percent of college students borrow money annually to pay for their tuition and books (Ghannam). Seven out of 10 seniors (69%) who graduated from public and nonprofit colleges in 2014 had student loan debt, with an average of $28,950 per borrower.
At every debate and town hall event Senator Sanders has reiterated his plan for tuition-free college, and has usually been met with the same question: "How are you going to pay for it." For the sake of debate lets say Mr. Sanders is able to pay for it. Even though top economists, including democratic ones, say his math doesn't add up (you can find my cited sources at the end of the article), lets pretend that it somehow will. Let us pretend that Bernie Sanders will actually make public college tuition-free across the United States, effective immediately. Now it is time to play devils advocate, (or realist) and break down the reasons why tuition-free college would be a bad thing, not only for the economy, but every person currently pursuing a degree.
According to the NY Times, there is currently over $1 trillion in outstanding student loan debt in the United States and the borrowing continues to grow. According to the US Department of Education, from 1992 to 2007 the number of college grads who borrowed money to get their degree rose from 45 percent to almost 70 percent – and those numbers don't include those who borrowed from family members. In 2011, the average amount owed was $23,300,
Student loan debt now averages nearly $33,000 per student, and almost 70 percent of students take out student loans. The student loan industry, with over $1.2 trillion in outstanding loans, is now competing with the mortgage industry for the number one spot in highest consumer debt. In fact, many 30-somethings, nearly a decade after college, are still having to choose between buying a home and paying off their student loans.
Recently the United States passed the trillion dollar mark in student loan debt, Since 1980, we’ve seen a 400% increase in the cost of higher education, after adjustment for inflation — a higher cost escalation than any other industry, even health care. about 11.5 percent of student loan balances are more than 90 days delinquent or in default, according to a recent report by the Federal Reserve Bank of New York.
Should college be free? In “The Problem is That Free College Isn't Free,” Andrew P. Kelly argues that free college would cost more for the American taxpayer. On the other hand, in “Tennessee Is Showing How Free Tuition Community College Works,” Celeste Carruthers states having free college will give more incentive for students to go to college. It will also encourage them to try community college first. Although free college sounds great at first, it would be more practical to have programs for people who cannot simply afford it. College tuition shouldn’t be the American taxpayers’ responsibility.
How could it possibly be squeezed into the government’s budget? Do they have a secret fund for things like this, or would taxes increase to cover the costs? Free college is now brought up as a debate whether or not students should receive free college tuition while attending college. Some individuals would like this idea, but I am definite the taxpayers would not like it or support it. If the government cannot afford what they are in debt with now, I am quiet uncertain how adding free college would help the debt go down. I am sure that the government would find some way to get their money back from allowing free tuition, or twice the amount the payed by increasing taxes on everything from taxpayers to sales tax. Although it would be extremely pleasant to have free tuition, the tax increase would most likely hurt the taxpayers worse than paying college tuition. I am very much so against providing free college to everyone that graduates high school. Free college would be setting the government up to continue in recession. My biggest concern about offering free college, is how the students who already have student loans be forgiven for the loan amount and have free tuition and debt free as everyone else would be. While more people would have reliable jobs, college should not be free to society because the government budget could not stretch to allow it, more people would take advantage of college because it is free, and taxes would raise on the population.
According to USA Today, In 2017, the graduating class of colleges will come out with a four year degree and close to $30,000 of debt from student loans (“The Average Student Loan Debt in Every State”). The idea of free college was recently brought up in the 2017 presidential campaign by Bernie Sanders. He made it clear that if he became president, he would use the taxpayers money to make college free. College should be free to attend due to the fact that people who may be smarter than others may not be able to attend college because of their lack of income, U.S. tax dollars could fund tuition payments, and it will help our workforce by adding more people with degrees into it.
The amount of money being borrowed is overwhelming, especially since the cumulative total of debt is huge, nearing a trillion dollars, much bigger than credit card debt. However, a typical college graduate who borrowed money to continue attending the college owes at least $25,000 dollars when student debt is not so big for individuals as compared to credit card debt.
Over the last decade student loan debt has risen substantially and is now one of the largest form of personal debt in America, totaling about one trillion dollars, with 71 percent of students who earn a bachelors degree graduating with debt, with the average amount of debt being $29,400.
College students graduate with an average student loan debt of approximately $37000. Of course, that's not the whole story. Millions of college graduates have student loan debts ranging from $50,000 to over $200,000.
As many young millennials rally behind Bernie Sanders and his outlandish claims of free public college for all, others sigh and shake their heads in disapproval. Are these college students really entitled to free higher education? Is it every American’s unalienable right to have a college education? Despite the recent push for free college in the United States, the economic burden and drop in personal responsibility it would create proves that colleges should maintain their current tuitions.
Do you think college should be free? This question is more relevant now than it has ever been. I think we can all agree that education is a huge factor in Americans lives and it will determine a lot in our futures. College affordability is one of the biggest concerns among people. When the cost of college or universities is too high, a lot of people decide not to pursue a higher education, which makes it harder to find good employment. There used to be a time that people could attend public colleges for free. The Morrill Act enabled colleges to be created on federal lands so that higher education would be available for Americans in every social class. Students used to be able to attend public land-grant colleges without having to pay any tuition. But as the enrollment grew, so did the funding requirements which eventually led to public colleges charging tuition.
Should the cost of earning a college degree be free? Some students,parents, and educators say that it is morally wrong for a child to spend their entire life going to public school for free and having them to just turn around and pay for college. The students, parents, and educators all would agree that the cost of obtaining a college degree should indeed be free. Those who are against this issue believe that the students themselves or their parents who are financially able should pay for some or all of the expense of attending college after all public school students are given a free ride from elementary to high school. Understanding and considering both sides of the issue, I strongly stand by the decision stating that the cost of attending college should be free.
good career if college was free.The recent studies of tuition increases have proven that it is obvious college should be free.
We pay a price for everything we get or take in this world. Although ambitions are well worth having, they are not to be cheaply won. Every day is an opportunity to make your life the way you want it to be. Anything is possible when you work towards it one day at a time. Skip a day and you lose momentum. Try to do it all at once and you will burn out. Work steadily and consistently to make every day count and you will reach your goals. Soon, with consistent effort, those little bits add up to major accomplishments. Is there something you want to change? Today is the day to start changing. Is there a new customer you want to land? Today is the day to start making it happen. You control today and you can control your