At the moment more and more people seem to be heading off to university and if this keeps up, before long a degree will be worth practically nothing since the majority of the country will have one. Perhaps an increase in tuition fees is needed to prevent this concern and to ensure that a degree keeps its value.
How much a degree is worth is proportional to how prestigious the institution is and how well-known the course is. A rise in tuition fees will only lead to the poor being forfeited the chance to enrol in a degree course and hence, resulting in only the better off people obtaining degrees. A degree, in this sense, has lost its purpose and worth as it is just a luxury good that can only be afforded by the affluent. One might argue that financial aid is available for the poor who perform well academically, but then again, with the rising costs of tuition fees, will there be more grants and scholarships handed out?
I highly doubt so. By increasing the tuition fees the government will not only discourage the less well-off from attending higher education but it will create a wider gap between the rich and poor. People who were in disadvantaged backgrounds to begin with are less likely to be able to afford to go to university if an increase in tuition fees was enforced.
This would then result in them being unable to obtain decent jobs with high salaries, leading to a resentful feeling and tension amongst the poorer of the nation and towards the rich who had never had any problem attending university and getting a well-paid career. Yes but its so much easier to pay off those debts if Daddy is a millionaire and you have a trust fund.
As well although it only gets paid off depending on your wage it still has to be fully paid back so it becomes how long you are in debt for. This would merely make the loan larger. Additionally, the money is paid back based on salary of the graduate, not the size of the loan. Once the student has graduated, their background has no relevance to their current financial situation, they can get just as good a job as those with a more well off background. A further rise in tuition fees could easily be seen as an indirect way of discriminating against the poorer people of the country.
If the government was to increase tuition fees it would have the obvious effect of deterring less well-off people from attending higher education. Counter argument: Discrimination is not only one rule for one but another for the rest it also includes diverse access for example if I was to say one of you can go to university whoever reaches the top of the stairs first is in and one of the competitors is in a wheel chair that is obvious discrimination.
Over the last decade, deep cuts in state funding for higher education have contributed to significant tuition increases and pushed more of the costs of college onto students, according to a new analysis by the Center on Budget and Policy Priorities, a nonpartisan research group based in Washington, D.
When that funding goes down it puts pressure on schools with limited options — they can cut campus budgets, admit more students who need less aid or raise tuition, said Michael Mitchell, lead author of the report and the senior director of equity and inclusion at CBPP.
During the Great Recession, declining public funds caused tuition to skyrocket. Today, tuition accounts for about half of college revenue, while state and local governments provide the other half. But roughly three decades ago, the split was much different, with tuition providing just about a quarter of revenue and state and local governments picking up the rest.
The Politicians such as the labour party affect working class families this is because they support the government but have no choice in the decisions made. Attending college has changed quite a lot throughout the years. When it first arose, it was only accessible to the wealthy, and it was unheard of for everyone else.
Only a few decades ago a bachelor degree could almost guarantee a comfortable job, and it was another advantage to any resume. In our current times, many students struggle and are unable to go to college due to the rising price tag that is not showing any signs of slowing down.
A college degree is what most employers look for now-a-days, making it more essential than ever before. Why does a college degree cost so much? These days most of the successful people are well educated because they have learned to become one.
Government is cutting the education fund over the years because they want to spend more money on something which is unimportant. The discussion over if college education is worth it, was started when the pilgrims landed from Europe also established "New College" in College tuition has been increasing over the past few decades and its destroying so many dreams.
A college education has become the expectation for most youth in the United States. Children need a college education to succeed in the global economy. Unfortunately for the majority of Americans the price of an education has become the equivalent to a small house.
The steep tuition of a college education has made it an intimidating financial hurdle for middle class families. There is no escaping the fact that the cost of college tuition continues to rise in the United States each year. According to data gathered by the College Board, total costs at public four-year institutions rose more rapidly between and than they did during either of the two preceding decades Collegeboard.
And, along with higher tuition costs comes the specter of even greater student loan debt. Fortunately, however, some institutions are taking measures to prevent or at least mitigate these effects. Colleges and universities are taking great efforts to ensure this will not be the case. That is, a larger percentage of students than we normally see in a given year will not return to campus, likely as a result of changes in family financial situation.
We can expect to see more students transfer to in-state, and even nearby, public universities. This last statement is especially important because tuition costs — and the resulting revenue they bring in — depend on where the college applicants are from, such as in-state, out-of-state or international. With so many American households adversely affected by the coronavirus pandemic, outlooks on spending will change.
The money you bring in has to match the money you are willing to spend in order to balance your checkbook. Right now, there seems to be a movement towards allowing some short-term flexibility for students with loan debt. We may be seeing the beginning of the end for the unsustainable high-price, high-discount model that has prevailed over the past few decades in this country. Changes in these areas of thinking could have major financial implications for colleges and universities.
Even worse for the colleges: An unprecedented number of students may want to take a break from their educations altogether until things have thoroughly normalized.
The traditional college experience, which has been deemed normal, will come to be seen more and more as a luxury.
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