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High Student Loan Debt

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Free college sounds great. It almost sounds too good to be true—because it is. With that said, free college is a great idea, and it would actually be a convenient resource. But it is simply just an idea that can not work in our current society and government in the United States. High student loan debt is a problem that should be fixed, yet the government should not pass reforms that will only temporarily relieve the issue but instead focus on reconstructing the college system itself. By all measures, an institutionalized free college system is unethical, ineffective, and temporary. The implementation of tuition-less postsecondary schooling will undermine the whole construct and morality of education in the United States. The implementation …show more content…

In the event of rising tuitions, the government increases federal aid to lower tuition costs, but as a result, colleges are encouraged to increase tuition rates. Studies show colleges with more student loan options tend to have higher future tuitions. The government funds public colleges with minimal limitations (Goldrick-Rab and Kelly). This enables federal policymakers to show more leniency to state governments and public colleges. Given these points, the removal of tuition from colleges is not necessary. Reforms to regulate financial aid will allow tuition costs to steady. If tuition is maintained at a reasonable rate, then many students can graduate with little to no debt …show more content…

Taxpayers would be forced to fund future college students, many who will be unprepared for the college curriculum. American citizens will have to adjust their spending lifestyles to relieve the trillions of dollars in college attendance costs. Although accumulating a massive amount of debt is immoral to many people, pursuing a college education is a life choice, not a necessity. The implementation of free college tuition would be ineffective, and it can still be avoided. The government should focus on the higher education system itself, find the reasons of rising tuition rates, and seek not just one radical solution, but multiple secured reforms to make college more affordable. Expensive college tuition is a serious and significant issue in the United States, but the government should not take the easy way out with free tuition and create another

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In the last five years alone, tuition and fees across public and private colleges have increased by an average of thirteen percent for public schools and eleven percent for private. Even the costs of attending a two-year college has risen by an average of fourteen percent. When you include the costs of room and board, the price for a college education has still risen by an average of ten percent within both the public and private university sectors (“Tuition and Fees”). Of course, while many manage to attend and complete a college education, most of these graduates are still ill-prepared for the ever-changing workforce ahead of

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440 Words | 2 Pages

The goal of the tuition cap is to streamline the education financial process, rather than taking it away. Tuition caps should not create artificially low prices in the education market, but there needs to be extra pressure on colleges to contain costs; which there’s not right now. Requiring colleges to stay under the cap can help control the increasing prices of education, as the continual receival of federal funding and tax exemptions can be used as an incentive for those colleges who comply. Furthermore, tuition and fees have grown more than twice the rate of inflation each year (Wolfram, 2005). If colleges and universities choose to increase tuition cost more than the CPI, not only should they lose federal funding and tax exemptions, but also it should be mandatory for them to use money from their endowments to fully fund grants for students on financial aid; instead of the federal government increasing the Pell grant each award year to make up that extra

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371 Words | 2 Pages

Going to college is similar to going to the casino, in the sense that many people are told they should be willing to take a loss for a possible win in the end. In his essay “It’s Time to End Tuition,” Jon Wiener tackles the problem we have in America in which students incur massive amounts of debt as a result of attending college. He is successful in painting a picture for his audience with an analogy describing how many people attending college in pursuit of higher education end up owing “more on their student loans than they do on their credit cards” (Wiener). In order to stop student loan debt problems in America we should provide more opportunities for individuals who desire more education by making tuition at public colleges free which

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501 Words | 3 Pages

As mentioned previously, direct taxpayer support towards public universities has decreased lately leading to a rise in tuition prices. Universities are pressured by their boards to break even, and since student loans will just cover their price increases, they have no incentive to hold down tuition costs. That is where the solution must intervene. According to the Department of Education, public colleges made about $57 billion from tuition alone in the 2009-2010 school year. That gives the government a threshold of about $60 billion to spend on aid.

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462 Words | 2 Pages

There has recently been an ongoing debate on whether or not college should be costless to everyone in the United States. The article, “Should College be Free? Pros, Cons, and Alternatives,” presents both the views of the proponents and opponents of this argument; likewise, it also features a few ways of compromise. The opponents of free college claim that there is an inevitable connection between free college and detrimental ramifications to both the economy and national education. However, although the opponents present very appalling information, the proponents excellently refute these statements by the provision of evidence and statistics.

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730 Words | 3 Pages

In this day and age, it is assumed that the majority of high school graduates will be attending college, whether a two year community college or a four year college or university. The problem with this expectation of young people is that college is expensive, which is why numerous people are pushing towards free college for all, not just for the academically talented. While overall publicly funded college is unrealistic, this country could slowly overcome this issue of college debt by providing more two year community colleges across the nation with the tuition of these community colleges drastically reduced. The major reason why many people are pushing towards publicly funded college is a because of the substantial rise in college debt over the last decade.

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2300 Words | 10 Pages

College Through A Narrow Lense “At a time when going to college has never been more important, it's never been more expensive, and our nation's families haven't been in this kind of financial duress since the great depression. And so what we have is just sort of a miraculous opportunity simply by stopping the subsidy to banks when we already have the risk of loans. We can plow those savings into our students. And we can make college dramatically more affordable, tens of billions of dollars over the next decade”

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745 Words | 3 Pages

In 2010, a study from “The Hamilton Project” showed that one in five American households possessed an outstanding student debt. It also tells that the amount of students loans grew by 77% between the years of 2002 and 2012. The growing concern of paying for a secondary education in the United States has become more prominent, yet no solution or serious attention has been given to this cause from the government and university leadership. In order to better our country, more emphasis needs be placed on reducing the costs of paying for a university. This course of action can only come from a change in values from these two groups to to focus once again on the principles used during the founding to create a “good society”.

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380 Words | 2 Pages

This is a very concerning matter because the more tuition goes up, the higher the population will be in debt which will cause our country to go farther down the hole of debt. Some people that do not have to worry about student debt anymore probably think that it is not their concern but even if they do not have to deal with it themselves they are still affected by the increasing amount of debt. “the biggest cause of rising debt is the steady increase in tuition and fees, which critics variously blame on falling state support for public universities, light faculty workloads and excessive spending on facilities, athletics and administration” (Price 1). One of the biggest cause of the increased rate student debt is going in is tuition and

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1985 Words | 8 Pages

Financial aid is a very helpful tool, but also gets students to go to college just because they see it as free money and another way to stay in school for student benefits. Student benefits include the following: lowered insurance, discounts at restaurants and stores, lowered interest and no minimum amount on checking accounts. Many of the college fields or programs would also become over-saturated more than they are today. This is because everyone would want to go to school to make more money and see college as another high school. Not everyone in America can go to college because that is how scarcity works in the real world.

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992 Words | 4 Pages

Therefore, he argues that financial aid does not even put a dent in this cost, and in order to fix this there must be some sort of “acknowledging the student loan debt crisis”(Ellison). He focuses on the debt crisis to show that America needs help because even when students get out of college they are piled up with debt and can not prosper because they are being dragged down by student loans, and if free tuition happened then students will not come out of college in debt and will be able to get

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2061 Words | 9 Pages

Therefore, free college tuition should be introduced to increase the number of college graduates than ever before. In that case United States will be more competitive against other countries in terms of science, math and technology. College tuition should not stop anyone from getting their education. The government needs to make free college tuition a law in the

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406 Words | 2 Pages

Some people argue that giving more federal aid to students shouldn’t happen, because the cost of college will go up. In other cases, people agree it will help the students out of debt. The way financial aid helps students is it makes them not worry about paying a variety

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1314 Words | 6 Pages

Vilorio (12) contends that the youths need to understand the essence of hard work and working their way up a college degree. A free college education will not only bring the quality of higher education down, but it will also strain the taxpayer's resources. In the end, free education will negatively impact the economy. This essay opposes free college education due to its adverse effects on the government, citizens, task force and the

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1759 Words | 8 Pages

Did you know that Forty-one percent of four-year college students did not graduate within six years? College students around the country are in insane amount of debts and have no way to get rid of it and that’s a reason many do not graduate. Due to the rise in costs to attend college there has been discussions about free education, but how the debt could have been minimized and the effects on economy have not been brought up. College education should not be offered for free to all students because of the missed opportunities and unintended costs of free education are very expensive. Students don’t take advantage of the opportunities they are provided in high school, like dual-enrollment, that could save them time and money in college.

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