The Wall Street Bailout And Free Of Public Colleges And Universities Essay

Should colleges be free in America? It is a question that is more relevant today than ever before. As education is one key factor that determines the nation’s fate going forward, this question is worth debating. Making free college education may sound good theoretically but requires herculean efforts to make it practically possible. The main question is whether such program be effective in the long run or not? If, yes how long will the government able to support these costs and from where? Are tuition costs only the concern that discourages students from attending colleges? There may arise several skepticisms that can withhold the idea of free colleges. As both colleges and students won’t be benefitted by such plans the college education should not be free.

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

In 1938, and in the teeth of the longest and fiercest depression that the United States had ever known, capital spending hit an all time high. That’s right! In 1938 the men who owned America began to pour millions of Dollars into new plant and equipment as if there was no tomorrow. We don’t think much about it today, because it has been a long time since the United States has experienced a real bone jolting economic slowdown. The fact is, however, that the very best time for the industrialist to invest in new technologies is in the middle of a depression. This is because it is at such times that labor, raw materials, and new equipment can be purchased at rock bottom prices. Henry Ford may have jumped the gun a bit. He shut down his River

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.

During one of his campaign programs, Presidential-candidate Bernie Sanders stood before a thousand applauding and cheering people. This man just announced, as hopeful future President of the United States, that he planned to make college free for every US citizen. Many young adults favor Bernie Sanders, and other political leaders, idea of free tuition because they believe that it will open more doors for them and allow them to not worry about the burden of student loans. However, there are many reasons that regulating free college education could hurt our society and economy that people don’t often realize. College education should not be free because it would raise taxes, it would devalue the worth of a college degree, and it would pave the way for more welfare dependency.

It is necessary to have free college tuition in order to help advance the well being of our country. One reason is that competition for a job is constantly increasing which makes it almost necessary to have a degree. Those who have a college degree are more likely to get a job than those without because of their additional knowledge and understanding. Sanders has a “College for All” act which makes going to college not only tuition free but also debt free. This plan has an estimated cost of $75 billion a year. The College for All act states that “the federal government would cover 67% of the cost, while the states would be responsible for the remaining 33%” (All Act). According to Sanders, countries like Germany, Finland, Norway and Sweden are tuition free (berniesanders.com). That being said, he believes that in order to get on their level of education, we most offer free college as well. With more educated people in our country, as a whole, we can improve upon the accomplishments of the nation.

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).

dealing with both school and work and balancing paying for bills and even rent. By having the

First, free college may not benefit those most in need. As Matt Bruenig, a writer who researches poverty and welfare systems, in his article “The Case Against Free College” argued, “The main problem with free college is that most students come from disproportionately well-off background and already enjoy disproportionately well-off futures, which makes them relatively uncoupling targets for public transfers…At public colleges, students from the poorest fourth of the population currently pay net tuition at either two-year or four-year institutions….Richer students currently receive much fewer tuition and living grant benefits”(113). Free college should benefit poorer students, but actually could end up helping wealthy students more. Low income

In the 1950’ and 1960’s, graduating high school students were able to earn a decent-paying job with benefits almost immediately. However, as time went on, the educational requirements to earn a stable job rose. Along with educational requirements rising, so did the cost of getting that education. Rising costs for education have made it almost impossible for many students to earn an education they want and need. The most promising solution to this problem seems to be making college free for everyone.

The United States is a reasonably well off country when it comes to education; we live is a first world country and children are expected to go to school from the age of around five until they graduate from college. As soon as parents find out that they are expecting, they are given the advice to start saving for colleges; College has become increasingly expensive as the years have gone by and many students end up graduating with thousands of dollars in student loans to pay back. Senator Bernie Sanders sees the problem with this and has made it a priority to advocate for lower or maybe even free college tuition. Sanders would sign the “College for All Act” which would make sure that no one would be denied an education simply because of their economic situation.

Money seems to be a big problem here in America according to Vermont Senator, Bernie Sanders. He’s urging Californians to vote for “a new direction in the Democratic party” (Sanders Ad), and by virtue of that, put an end to the apparent corruption and misappropriation of this prized token of trade. In a rousing and inspirational commercial the Senator wanted us, as citizens of the Golden State, to not only vote for Bernie on June 7, but to get excited and maybe even a little angry about how money is the biggest and most corrupt problem here in America, particularly in regards to the issue of Tuition-Free Public College, where he encouraged us to fight for our right to free higher education and the promise of a greater nation. With better educated citizens strengthening our future economy, and a solid plan to fund tuition-free college for everyone by taxing the abundance of dollars being traded in Wall Street, Mr. Sanders has a confident and trustworthy proposal to get more Americans into a degree, however in the context of this 30-second television commercial he seems to fall short on his reasoning to back these ideas, and relies chiefly on the emotions of his constituents by simply reminding them of his views.

What do you think of when you hear the words college graduate? Well, in most scenarios, these words would be exciting to someone that just graduated college who have put in years of hard work and dedication to better educate and promote themselves for their future careers. Sadly enough, this is too far common not the case. In today’s society, students are graduating college with piles of debt at an alarming rate. With a troubled economy that is recovering from a recession and jobs difficult to come by for a lot of graduates with bachelor’s degrees, the student loan debt in the United States is bound to be a major crisis that could severely weaken and crimp the economy even more in the coming years.

In 1958, the National Defense Education Act provided college students up to one thousand dollars a year in loans, but the average annual loan was actually only five hundred dollars or less because students could afford the rest of tuition on their own. Interest began at three percent a year after graduation and could usually be paid off in ten years. (Good 590-591) These statistics are a far cry from today’s, with student loan debt surpassing one trillion dollars and many graduates paying off loans well into middle age. As a result of the government shelling out billions of dollars in loans and inflation, colleges have had to increase their tuitions thus creating a college “bubble”. In the past year or so many political leaders have proposed plans to pay for two years of community college, such as President Obama, or for a full four years, such as Bernie Sanders, a frontrunner for the democratic candidacy. Even states like Tennessee,

The Glass Steagall Act was passed on 1933, which is also known as The Banking Act to tighten regulation on the way banks did their business. This act was written as an emergency measure when about 5,000 banks failed during the Great Depression. Banks mostly failed because of the way they would invest with money. The act prohibits banks from investing money on investments that turn out to be risky. Banks could no longer sell securities or bonds. The act also created Federal Deposit Insurance Corporation (FDIC) to protect the deposits of individuals, which is still used to this date. The FDIC in this era insures your deposits in your bank up to $250,000. This gave the public confidence again to deposit their money in the bank. In 1933