The Pros And Cons Of College Tuition

1290 Words6 Pages

How would it feel to know that your child, is going to be spending the majority of their life paying off student loans? For example, my sister's boss who was an average college student, ended up having to take out $30,000 to finish paying for her college. The point is, is that there needs to be a change in the system. Whether it be lowering the cost of tuition, or coming up with ways to create more scholarships. Because of the increase in college cost, there are more college dropouts. The government should lower college tuition so students have the opportunity to influence the economy positively.
College tuition is getting out of hand, with student loans rising. Today's day college cost are rising tremendously. Kevin Carey wrote an article …show more content…

Tuition of colleges is causing more students to take out tons of loans. In the article written by Tom Morgenthau, it explains the truth about ‘financial aid’ “The further truth is that ‘financial aid’ increasingly means loans, not scholarships or grants.“ (Morgenthau). With tuition rising, so is the amount of loans taken out. The loan rate is rising with more and more students becoming in debt. The cost of college is still rising even though its at the highest it has ever been. Tom Morgenthau, explains the impact of the college tuition prices “Critics warn that the debt load will rise even more in the next decade,and some experts wonder whether students and their families fully understand the financial risks“ (Morgenthau). The rise in college tuition does not look like it's going to slow down soon. With it rising students will most likely Experience being in loads of debt. Even with having some money saved, students will still experience financial hardship. Tom Morgenthau shows that scholarships aren't helping students go debt free through college “So while it's true, as many college officials maintain, that the vast majority of applicants can find the money to go to college, it is also true many students will leave college burdened with at least some debt“ (Morgenthau). Whether its help from parents or just money saved, students still don't have enough money. The rising tuition is causing …show more content…

This is causing more and more individuals become in debt and live there life trying to pay off loans. There are essentially not enough scholarships going around. Jeffry J. Selingo describes that scholarships are not helping as much as they should “What’s more, needy students on private scholarships need additional financial help beyond tuition, for living expenses or learning opportunities such as study abroad or unpaid internships” (Selingo). With college tuition rising, scholarships are not keeping up with it. With students not getting the financial aid they deserve. College tuition rising is causing private scholarships to drop. Jeffry J. Selingo explains how scholarships aren't how they use to be “Private dollar for scholarships have lagged rising tuition prices even as donations to colleges have reached record highs in recent years” (Selingo). The rise in tuition is lowering the private dollar scholarships. This is causing students who have worked hard academically and not get rewarded for their achievements. Scholarships are not meeting the expectations of the student body, and are not helping as much as they should. Many students are working hard to exceed the financial aid they need, but when there is little scholarships going around, it is hard for them to gain what they should have. Scholarships are not keeping up with the rise in tuition. Margaret B. Tankovich and Ronald Hunter both