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The American Dream Cost Of College

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The American Dream and the Rising Cost of College
Everyone wants to be successful and in America people are striving for their American Dreams. These dreams usually are getting a job, making a lot of money, starting a family, buying a house and dream car. It would seem that college is the best path for people to take for them to achieve it. However, the cost of college is not normally cheap, it is actually very expensive. This leads to the question, how does the cost of college affect achieving the American Dream? Lorie A. Johnson is a philosopher who believes, The American Dream is presented to the world as a married couple with one or two kids, living comfortably in the suburbs, the dad goes to work and and mom stays at home (“The American …show more content…
More families are becoming single parent or single child, and the mom is working but the dad stays home. The debate remains, do the high costs of college prevent students from achieving the American Dream or does it help them. Students may have to support their families so they might have to maintain a job. This combined with school expenses, transportation to and from work and school, and student debt, students can easily become exasperated very quickly from college. The cost of college proves that steep prices do more harm than good for students and make it difficult for many Americans to achieve their American Dreams. Although it might be true that the costs of college can be lowered with scholarships, social programs, financial aid and such, financial aid does not cover enough of prices and scholarships are very hard to obtain. The high costs of college create more problems for students starting out their lives because it adds stress and pressure to them. Therefore, the chances of obtaining the American Dream is lower. College is a large piece of the American Dream puzzle because not always, but more often than not college education …show more content…
The College Board reports, in 2012-2013 the prices of institutions in nine states were raised by less than 5% and currently are above the national average. The Board goes on to address, the lowest cost of tuition in 2017-2018 is $12,480 in South Dakota. In eight states, average in-state tuition and fees at public four-year institutions boosted by 20% or more in inflation-adjusted dollars between 2012-13 and 2017-18 (“2017-18 Tuition and Fees”). Granted, $12,500 may be low while comparing other tuition costs, that price still is a high number. The average person would have to take some time to figure out how to pay that off. Budget Worksheets calculates, a $12,480 loan with 7.25% the lowest monthly payment would be $76 which would take 67 years to pay off (“How Long to Payoff $10,000). The average payment for a loan this size would be around $130 which would take 12 years and 1 month to complete. Statistics here show that even the lowest prices can be very hard to pay for some families. Some students have to pay for college by themselves, and $76 a payment might be all that they can afford. For these students this is terrifying because the statistics show trends that there will only be an ongoing upsurge in prices. This data is vital to the fact that the American Dream cannot be achieved with these prices for college. The prices are too high for people to start their adult

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