Colleges Tuition and Fees Increased

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From an article from Forbes.com in 2019, the student loan debt is currently at $1.5 trillion crisis. The cost of college tuition is going up and it is harder for most students to go. According to U.S. News, the average tuition fees at public schools have increased due to the cost of operation for college and university, paying staff, and material. If these tuitions continue to increase over time, it would affect everyone in United States
I imagine a typical college student who trying to figure out let to offer college in his late teens and early twenties. He just finished high school, was working at a fast food restaurant, and was living with his parents. He was started about life after finished high school and save some money to pay for school. He was looking around for a college or university go to and all of them cost too much, so he found out that a community college was his only choice. During his first year and going on the second year of going there. He was passing courses, but the same time he was goofing around, having a problem with a course, and he did not know where to get help when he did it. Therefore, he decided to drop out and go a difference path of his life and was doing it for sixteen years. After that time, his lifestyle had changed and figured out his new lifestyle is having his own place, which he has now, having a part-time job, and being a part-time college. During his process of going back to college, he found a way to apply for federal student aid and figured out there are many ways of paying it back, but he has not made up his mind on how to pay it back and how long he want to pay it back. He tries to apply for scholarship and found they are for a specific type of people and he is not in that specific type of group of people to receive any type of scholarship. The first quarter was little hard, but after the first quarter is getting easier for him. If, the costs continue it will only allow the wealthiest students and families to college and most students when they finish with high school would cause more problems with the workforce, the debt economic, economy polarization, and students dropping out of college.
The primary major effect would be the debt economy on U.S. that the average students and family cannot take out loans due to the cost of tuition. An article from Cnbc.com disguised how the cost of going to college is higher for current students them for that their parents when they went to college. “More likely, the hypothetical child would pay the tuition bill themselves, as the rising cost of higher education has led Americans to struggle with a collective $1.4 trillion in student loan debt.” In addition, the borrowers who given out the students' loans of investors, bankers, and the government, could withholding suffer a huge negative effect too. One of those negative effects could cause major borrower(s) or the government to stop loaning out the money to the students and family. That lack of money that is going through the U.S. economy could cause a decrease of spending and could lead up to a type recession that would affect everyone in the U.S.
Due to the cost of college going up every year and the money earned from interest from previous federal student loans will go less. So, future students planning to college need to figure out other sources besides federal student loans to pay for their college, because that money will decrease. They could apply for an entry-level job at a company, however due to all the people who did not go to college or adult education program would fill non high-skill jobs might be filled and cause an increase of unemployment rate and, which it causes from the higher cost of going to college. The next option for those future students is going to be looking around and finding sources to get or borrow money to attend college. However, those resources will be limited; due to the fact, the other students will be doing the same. Because those resources will be maxed, out or closed off due to the cost of college going up. After all those resources that will be tapped out and those future college students will have no other choice, but dropping out college, because they cannot pay for it.
The secondary major effect would be those high quality, high skilled jobs would not be filled in the United States, because of a lack of education and training. An article at Agb.org, stated “broad higher learning should involve students in the practices of core fields ranging from science and the social sciences through the humanities and arts, and in developing global, cultural, and democratic perspectives.” The education and training of those jobs are available, but if the cost of going to college keeps going up it would be harder to train the students who want those jobs. Here are some of those entry levels jobs would be effect from that are the following: certified nurse assistance (C.N.A.), Physical therapist assistants (PTAs), Occupational therapy assistants (OTAs), Ultrasound technicians, Respiratory therapists, Dental hygienists, Veterinary technicians, Geologic and petroleum technicians, Paralegals and legal assistants, Web developers, and Magnetic resonance imaging (MRI) technologists.
The last major reason it would cause more students to drop out of college, because the cost of going college would be too much for them to pay “…nearly 79% of those surveyed added that they may need to delay graduation as a result of financial constraints, and 55% of them said they struggled to find enough money to pay for college overall.” According to an article at Foxbusiness.com that 51% college students dropped due to that. One of those reasons is that students cannot find a co-signer on those loans. However, the second major reason why students drop out is that they cannot find enough money to cover the costs of going to college. The biggest reason is that they may need to delay their graduation because of financial constraints.
Many people out there have many solutions to solve the cost of going to college and fix the massive student’s loan debit. One good example is looking at Australia and how they solve this problem and it is “above that threshold [above the student’s debt], borrowers pay four percent of their income until the debt is paid off. Payments rise and fall automatically with earnings.” Why cannot the United States do similar way of the other country when they deal with education cost?











https://agb.org/trusteeship-article/higher-education-and-the-american-workforce/
https://www.cnbc.com/2017/11/29/how-much-college-tuition-has-increased-from-1988-to-2018.html
https://www.forbes.com/sites/zackfriedman/2019/02/25/student-loan-debt-statistics-2019/#4b84c6d5133f
https://www.foxbusiness.com/features/51-of-college-students-dropped-out-of-school-due-to-costs-study-finds

Submitted: October 17, 2019

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Submitted: October 17, 2019

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From an article from Forbes.com in 2019, the student loan debt is currently at $1.5 trillion crisis. The cost of college tuition is going up and it is harder for most students to go. According to U.S. News, the average tuition fees at public schools have increased due to the cost of operation for college and university, paying staff, and material. If these tuitions continue to increase over time, it would affect everyone in United States

I imagine a typical college student who trying to figure out let to offer college in his late teens and early twenties. He just finished high school, was working at a fast food restaurant, and was living with his parents. He was started about life after finished high school and save some money to pay for school. He was looking around for a college or university go to and all of them cost too much, so he found out that a community college was his only choice. During his first year and going on the second year of going there. He was passing courses, but the same time he was goofing around, having a problem with a course, and he did not know where to get help when he did it. Therefore, he decided to drop out and go a difference path of his life and was doing it for sixteen years. After that time, his lifestyle had changed and figured out his new lifestyle is having his own place, which he has now, having a part-time job, and being a part-time college. During his process of going back to college, he found a way to apply for federal student aid and figured out there are many ways of paying it back, but he has not made up his mind on how to pay it back and how long he want to pay it back. He tries to apply for scholarship and found they are for a specific type of people and he is not in that specific type of group of people to receive any type of scholarship. The first quarter was little hard, but after the first quarter is getting easier for him. If, the costs continue it will only allow the wealthiest students and families to college and most students when they finish with high school would cause more problems with the workforce, the debt economic, economy polarization, and students dropping out of college.

The primary major effect would be the debt economy on U.S. that the average students and family cannot take out loans due to the cost of tuition. An article from Cnbc.com disguised how the cost of going to college is higher for current students them for that their parents when they went to college. “More likely, the hypothetical child would pay the tuition bill themselves, as the rising cost of higher education has led Americans to struggle with a collective $1.4 trillion in student loan debt.” In addition, the borrowers who given out the students' loans of investors, bankers, and the government, could withholding suffer a huge negative effect too. One of those negative effects could cause major borrower(s) or the government to stop loaning out the money to the students and family. That lack of money that is going through the U.S. economy could cause a decrease of spending and could lead up to a type recession that would affect everyone in the U.S.

 Due to the cost of college going up every year and the money earned from interest from previous federal student loans will go less. So, future students planning to college need to figure out other sources besides federal student loans to pay for their college, because that money will decrease. They could apply for an entry-level job at a company, however due to all the people who did not go to college or adult education program would fill non high-skill jobs might be filled and cause an increase of unemployment rate and, which it causes from the higher cost of going to college. The next option for those future students is going to be looking around and finding sources to get or borrow money to attend college. However, those resources will be limited; due to the fact, the other students will be doing the same. Because those resources will be maxed, out or closed off due to the cost of college going up. After all those resources that will be tapped out and those future college students will have no other choice, but dropping out college, because they cannot pay for it.

The secondary major effect would be those high quality, high skilled jobs would not be filled in the United States, because of a lack of education and training. An article at Agb.org, stated “broad higher learning should involve students in the practices of core fields ranging from science and the social sciences through the humanities and arts, and in developing global, cultural, and democratic perspectives.” The education and training of those jobs are available, but if the cost of going to college keeps going up it would be harder to train the students who want those jobs. Here are some of those entry levels jobs would be effect from that are the following: certified nurse assistance (C.N.A.), Physical therapist assistants (PTAs), Occupational therapy assistants (OTAs), Ultrasound technicians, Respiratory therapists, Dental hygienists, Veterinary technicians, Geologic and petroleum technicians, Paralegals and legal assistants, Web developers, and Magnetic resonance imaging (MRI) technologists.

The last major reason it would cause more students to drop out of college, because the cost of going college would be too much for them to pay “…nearly 79% of those surveyed added that they may need to delay graduation as a result of financial constraints, and 55% of them said they struggled to find enough money to pay for college overall.” According to an article at Foxbusiness.com that 51% college students dropped due to that. One of those reasons is that students cannot find a co-signer on those loans. However, the second major reason why students drop out is that they cannot find enough money to cover the costs of going to college. The biggest reason is that they may need to delay their graduation because of financial constraints.

Many people out there have many solutions to solve the cost of going to college and fix the massive student’s loan debit. One good example is looking at Australia and how they solve this problem and it is “above that threshold [above the student’s debt], borrowers pay four percent of their income until the debt is paid off. Payments rise and fall automatically with earnings.” Why cannot the United States do similar way of the other country when they deal with education cost?

 

 

 

 

 

 

 

 

 

 

 

https://agb.org/trusteeship-article/higher-education-and-the-american-workforce/

https://www.cnbc.com/2017/11/29/how-much-college-tuition-has-increased-from-1988-to-2018.html

https://www.forbes.com/sites/zackfriedman/2019/02/25/student-loan-debt-statistics-2019/#4b84c6d5133f

https://www.foxbusiness.com/features/51-of-college-students-dropped-out-of-school-due-to-costs-study-finds


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