Solutions for College Dropout

1095 Words Oct 13th, 2013 5 Pages
The Solution to Increasing Dropout Rates
While there are many problems college students’ face while attempting to obtain a degree, the largest hindrance from completion is that of financial ability. One of the largest contributors to college dropout rates is the lack of financial support. Many college students must work either full or part time to support themselves or their families. With the declining economy and increasing costs of college tuition, funds are being scarcely distributed and many college students find that they are unable to continue their education due of this.
The degree of importance placed on college education is in decline, and each year the number of students completing their degree is decreasing. There have
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The program is to still be funded by the US Federal Government, but to increase the funding for this I propose a one percent federal tax increase on all major corporations and businesses with an annual income of $250,000 or greater. This will likely incur great opposition initially as to why the increase in tax rate is on that of large businesses. In response to this, the effort of this new program will be to eliminate additional costly training by employers to undereducated employees. By having college students who are actually obtaining their college degrees working for these large companies, the need for additional training will decline. Thus, saving funds in order to finance the one percent proposed increase to increase financial aid.
The proposed program will set to be launched during the upcoming years’ financial aid process and coincide with the initial financial aid applications. A new committee of current financial aid staff will be formed to oversee the addition to the program, and will be set in place to answer questions and to help prevent fraud. The method for monitoring the student’s progress is to still be the responsibility of the institution to where the student is enrolled. If a student fails to enroll for the following year and apply for financial aid, then no increase in financial aid funds will be provided to them. Also, if any break of one
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