...draft/ Outline Claim/thesis: The cost of higher education affects young american students because the rising increase in tuition causes many students to experience high amounts of debt. BODY PARAGRAPH 1: The controversy over the affordability in higher level education has increased over the years. As more and more students are deciding to pursue a college career, these institutions are becoming forced to charge certain amounts of tuition for attendance. As a result, this has caused some colleges to drastically increase their overall tuition prices. However, the increase in tuition causes many students to be affected financially; which can lead to a result in the decrease of educational...
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...“College is part of the American dream it shouldn’t be part of a financial nightmare for families.” Barbra Mikuski’s quote holds true to many American families in our society today. In recent discussions of student loan debt, a controversial issue has been whether or not colleges should give more opportunities for students to leave college debt free. On the one hand some argue that students should work to pay for their education themselves. College students personal agenda’s entail getting a job, working hard, and getting scholarships to support themselves throughout their college experience. Students should not assume that government or college aid will cover all of their financial costs, students should anticipate and accept the responsibility...
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...Scott Sheard Dr. Grant Writing 101 March 12 2015 Sending a child to college; out of state versus in state High School Seniors and their parents often find that the school that the student has chosen may come with hidden surprises in the form of extremely high tuition rates. These rates make a local college a much more attractive and arguably, logical, choice. The extreme difference in the cost of attending a local college versus an out of state college is a factor that weighs on many parents and prospective students minds as they assess the cost and benefits of each option. Local colleges, or ones that are instate, come with a lower price tag for tuition than a out of state school. For example; Georgia Regents University tuition rates are approximately $2400 per semester for Georgia residents versus over $9000 for the nonresident rate at the same school. In addition to the lower tuition costs, a student may have the ability to live at home with parents saving even more money by eliminating the need for a dormitory room and meal plan. Further savings are realized by remaining close to family and thus having little or no travel associated with visits during breaks and summer vacations. Attending a local college allows for reduced or even no debt. Student loans are one of the biggest sources of debt among Americans coming out of High School. Beginning your adult life with this kind of debt can be a daunting prospect and causes many otherwise able and willing High School...
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...September 2014 The Price of College is on the Rise On the morning of Wednesday March 6th, 2013 I hurriedly got ready for the ACT after slightly sleeping in. The panic from sleeping in on top of all the stress and worry for my future made me on edge for the most important day thus far in my young adult life. All of my hard work for the past 3 years was rest assured on the next 4 hours, I had to get a high score on the test there is no other way. Rick Perlstein, the author of “What’s the Matter with College” argues the negative changes in college since the 1960s. He disputes that the college experience is not as radical and political as previously. He claims that students are overly concerned with money, which amplifies the fact of students being overscheduled to the point they don’t explore who they are. Indeed, young adults are too connected to their parents through technology and evolving social media to explore anything new. In other words I agree with Perlstein that college is now less of an experience, I believe this is caused by the sky rocketing cost of attendance and the focus on the economy/debt. With the enormous rise of college tuition students have been fighting the inevitable reality of debt. The College Board articulates that the average tuition at a four-year college has increased by 27 percent beyond the rate of inflation over the five years from the 2008-09 academic year to 2013-14. Even after raising cost for inflation the average cost has tripled from 1973-74...
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...post-secondary education tuition has become difficult in today’s economy due to the costs. According to American Progress, “a recent study by Georgetown University’s Center on education and workforce found that at current levels of production, the U.S. economy will have a shortfall of five million college-educated workers by 2020.” (Bergeron & Martin). This shows that the cost expense of college causes five million college educated workers to decrease. Five million people who do not have a post-secondary degree due...
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...Harvard College was one of the first colleges founded in the United States; upon its conception, the college’s main purpose was to train young men for the ministry. Harvard was modeled after Oxford and Cambridge universities (About Harvard College). During the early 19th century, smaller colleges were founded to help young men transition from rural farms to urban occupations. Prestigious colleges at the time became more exclusive by concentrating on the children from wealthy families, ministers and a few others. Those prestigious colleges and universities are still very exclusive today mainly due to their expensive tuition. Students who attend these colleges are generally from wealthy families, have scholarships for high academic achievements or graduate with extremely high loan debts. In the early 20th century, junior colleges or now known as community colleges were created to prepare students for the final two years of college. Later in the 20th century state colleges were created to provide higher education at a lower tuition cost. Due to the rise of community and state colleges, students now have the opportunity for higher education, and college became part of the American dream for both students and their parents. Over the past, half a century students have been working diligently to prepare for college with the hopes of graduating with a degree that will provide them with the career of their dreams and to earn large incomes. Slowly, over time the cost of tuition...
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...College Costs and Potential Solutions for Students College cost becomes a main factor for an individual who is deciding whether or not higher education is the most reasonable decision. Based on statistics alone, the majority of students planning to further their education will most likely take on debt in the process. As a result, students may find it necessary to seek alternative resources in order to receive their education. This issue of tuition costs, specifically, have also been addressed several times by President Barack Obama, who has devised plans to eventually lower the costs. In addition to tuition costs, students must also spend a significant amount of money on books. Unless alternative approaches are taken, the costs of higher education will continue to increase, which may deter students from attending college immediately after high school. In today’s society, a college degree has become a necessity for anyone planning to establish a career. Because the concept of college is so valued, ambitious students want to make the best of their education. However, as the demand for a degree increases, the cost of college also progressively increases. This allows for colleges to manipulate the cost of tuition for their own benefit, as they are aware that some students would be willing to pay the full cost. The students, who are unwilling or unable to pay these high tuitions, might ultimately have to seek other options even if they are good students. However, even if the...
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...Soyeon Oh College English 1110-04 Professor MimiVan Ausdall April 10, 2013 The College Dilemma In the U.S., having a college degree is the most important qualification for getting a skilled job position. Many young people want this kind of position because it is usually higher paying. Employers expect candidates to have at least a Bachelor’s Degree for any entry-level position, but the cost of tuition today is the highest ever. In the past, recent college graduates generally had an easy transition from school to starting a full time job. Today there are fewer jobs and more college graduates competing for those jobs. According to a USA Today article, “half of new graduates were jobless or underemployed in 2012” (USA). Because of this, university tuition should be lowered and student financial aid increased so that young people are not burdened with huge debt. The number of people who want to get a college degree is higher and higher every year. According to the National Panel Report, 75% of high school kids answered that they want to go to college right after graduating high school. It’s not only for high school kids, but also adults who want to go back to school to get a degree to continue their professional development (We). They expect to get a job with better benefits from getting a degree. Some students would say that they want to go to college for more education, but most students want to go because it will help them to get a job in the future. They realize that...
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...Student Loan Default Rate: The Next Financial Crisis in the United States Rebecca Richards QBT1 - Language and Communication: Research October 1, 2012 Rising Student Loan Default Rate: The Next Financial Crisis in the United States Introduction Higher education is an important resource for career focused people here in the United States. In order to attend college, most students have to take out loans in order to cover the cost of attending. However, the rising rate of student loan defaults has recently become a serious issue that needs to be addressed. Economists agree that the rising amount of student loan default can prove to be a good indicator when seeking to predict future payments on student loans (Ismail, Serguieva, & Singh, 2011). Recent studies have shown that the growing rate of student loan default on higher education loans could cause another financial crisis in the United States because the loans are government backed, the cost of higher education is on the rise, and unemployment rates are on the rise preventing repayment. Taking on student loans can feel like and endless cycle of entrapment to the borrowers and they are often left with the belief that they have no other choice than to default on their loans. It is impossible to say with 100% certainty where the culpability lies for this unfolding crisis. One point of view is that the students may be at fault for not fully understanding the magnitude of the debt they are taking on by applying...
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...Worth It? The cost of tuition for higher education is quickly rising. Over half of college freshmen show some concern with how to pay for college. This is the highest this number has been since 1971 (S. Chan and Kim Chan). The amount of college graduate debt has been rapidly increasing also. With limited jobs available because of the high unemployment rate, college graduates find themselves staying in debt even longer. However, grants and financial aid are available to students, but students still struggle to pay for their college tuition. Although some claim that higher education is still affordable, higher education costs too much because the state’s revenue is low, the unemployment rate is high, and graduates cannot pay off loans. One reason that higher education is not affordable is that the states’ revenue is low and the states are in debt. Because of their decreasing tax revenues, many states need to make cuts in their budget. As a result of this, tuition is rising and other changes are happening throughout colleges. Some of these changes include: higher student to faculty ratios, less but larger classes, and fewer on-campus jobs that normally support students (Scaliger). These changes affect students and impact their view and decisions of certain colleges. The tuition rate has also “been rising at about 6 percent a year for most of the past ten years” (S. Chan and Kim Chan). This percent inevitably makes it harder for students to find an affordable college. High tuition...
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...wonderful thing called college. They told you that you have to go there to get an education before you can get a good job. Many kids have dreamed of going to college, and being able to get the job of their dreams. By putting in hard work and dedication to good grades in high school, you had high hopes that you would be able to get into an Ivy League school. The American dream of being able to go to college to get a degree is sliding away from many people due to rising costs. With increasing tuition prices and job loss, the college dream is slowly and surely slipping away from many students and their families. The first step in the college process is to be able to afford the tuition and other expenses. Many families are unable to do so by themselves and depend on the help of financial aid and loans. Financial aid has recently been harder and harder to come by and loans are now harder to get. In 2000, the average gap between a financial aid offer and a family?s ability to pay for college tuition was $3,000.00. Since then, tuition has risen twenty one percent and shows every sign of continuing to rise with inflation (U.S. News and World Report, 53). If federal aid and federal loans are not easily accessible to families, how are they supposed to send their children to college? The financial aid system is meant to help needy students and their families, but the system is cracking under the strains of our economy and the expensive tuition costs of many colleges (U.S. news and World...
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...student loans should be avoided at all cost,” says Suze Orman. If student loans of a type of good debt, then why does Suze Orman, a successful author and financial advisor, say to avoid them? You would think she would know what she’s talking about. Wouldn’t you? It just so happens that she is right about student loans. They should be avoided for two main reasons. Student loans cost way more than they’re worth causing them to be unnecessary, and Student loans lead into massive debt. Student Loans are unnecessary. Why would you borrow $100,000 to go to a private college and get a law degree when you could work and pay off $24,000 to go to a cheaper, in- state public college and get the same degree? It is possible to finish...
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...typical Americans today believe that college degree will assure their future life. It is actually rising time over time over time for the last 60 years. Most of private schools have set their tuition over the ceiling cost, yet community college is rising at a constant rate much lower than in a private university. Compared to the rise of the inflation, college cost has been rising as fast as three times which has caused students to take much more loan than they could handle to pay back on time. First, the major effect of the rising education tuition is financial security of the students. A large number of Americans suffer from the skyrocketing college tuition, but that doesn’t hold them back from pursuing their degree. The cost of education at a community college has risen gradually, and private or elite school is far out of many students price range. At a community college, students are more comfortable with the tuition because it is much lower than a four year college or private school. Either full time or part time, students can strengthen their financial need by working on the campus or outside the campus while they have the opportunity. For most middle class Americans, community college is a best school to start higher education because it can help them to save thousands of dollars. Students can take as many basic courses as they need to fill their credits requirement for the first two year of their study. After finishing community college, students may choose to continue their...
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...The Cost of Post-Secondary Education Today, it is common knowledge that pursuing a post-secondary education can cost students a small fortune. Consequently, a growing number of prospective attendees are discouraged from enrolling in college and university. Additional restraints include pressures caused by the application process itself, as well as program requirements. When the average cost of a since year is approximately $14,500. Ultimately, it is no wonder that so many people face a major dilemma. The high cost of post-secondary education is especially a problem for under-privileged groups, as it causes extreme levels of financial stress for those who do attend. Most parents encourage their children to attend post-secondary school, which may or may not be linked to family history at certain schools. Various studies have examined the relationship between parents’ schooling and students’ post-secondary participation. For instance, the chart titled, “Proportion of Young Adults Who Pursue College and University Studies By Parental Education Attainment”, illustrates 2005 data gathered by Statistics Canada, which reveals that the majority of students who went to college had parents with college credentials (40%), others had parents with only a high school education (36%) or a university degree (31%) (Canadian Council on Learning). Figures are different for university students, since as much as half (50%) had parents with university credentials, 27% with a college education...
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...increasing educational completion correlated strongly with higher wages. Additionally, a recent study from Georgetown University revealed that approximately 62 percent of jobs will require some form of college education by the year 2018 compared to the mere 28 percent in 1973.1 Nevertheless, regardless of the evidence that college and higher education are essential to our future, Massachusetts has eliminated hundreds of millions of dollars from public higher education funds in recent years. When state support for the university and community college systems is reduced the students in those universities are forced to pay higher tuition and fees. With increasing costs, the amount of money a student must take out in loans also rises. Public higher education funding has suffered numerous dramatic cuts over the past decade. State spending on higher education, including funding for the UMass system, Community Colleges as well as State Universities has declined 31 percent from 2001 to 2013. Although state spending has decreased, the funding needs of these institutions have not. In an effort to make up for this spending gap, these organizations have consistently increased the cost of student tuition and fees. As a result state universities and UMass have doubled student costs, community colleges are also facing the very same increases and challenges.2 The Commonwealth of Massachusetts is...
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