Hello, Professor Gray, The lost loan repayment plan would have a positive impact on the taxpayers by working with your loan servicer to choose a federal student loan repayment plan to make loan payments more fordable giving the loaner more time to repay their loans based on their income. Student loan debt is referred to as installment debt, which means you have fixed payments for a specific period of time. The interest you pay on your student loans is tax deductible that would put additional funds that could be used to purchase items that would increase spending with will help build the
An Annotated Bibliography Block, Sandra and Dugas, Christine . " Five Proposals to Solve $1 Trillion College Loan Crisis." USA Today. Gannett Satellite Information Network, 21 May 2012. Web.
Just because education is free doesn’t mean that there will be a higher graduation rate. Students will still drop out because they didn’t meet the education requirements or they decided to party harder than they studied. Another downside to free education is that federal or state will have more control over what will and won’t be allowed in schools. Someone has to pay for it and it will be us.
Also, there needs to be a major education reform budgetwise. Public schools should be abolished and the government should just give people a certain amount of money and they can choose which school to use it on. Education should be left to the private sector because they do it best. Taxpayers who pay to go to private schools should not have to pay for public
This will save schools a lot of money they could put towards things for the students. But the negatives outway the positives. It will be a huge change for educators and their students, and push students to learn faster than ever, which can cause stress, not to mention the stress to meet the standards, and to adapt to these standards. It also is nearly impossible to tailor this kind of education system to all students.
Making schooling free would mean the cash has to be bring into being from elsewhere. The only choices obtainable to the government would be to increase taxes or cut services elsewhere. It’s no reasonable to cut other vital services than it is to make students pay for schooling. It doesn’t crack the difficulty, it only swings the difficulty onto
Although this plan is great for the economy, some might argue that there are certain repercussions that should be taken into consideration. For example, by making community college free, the program would cost $60 billion in the course of 10 years in a cost-sharing program with the states (Butler 1). Although this sounds like it’s a substantial amount of money, it is manageable. In regards to the benefits of the proposal, this is a small price to pay. In the long run it is better for the economy.
It will give freedom’s back to the local school boards and families, instead of the politicians on capitol hill. That is why we need to get rid of the Department of Education. Unfortunately, in today’s world, something like this is unlikely. The only way we can change this is if we elect a president who could convince congress to get rid of it. We as a nation, who want better education for our kids, teachers, and families, must do what is right, and get rid of the Department of
If college can be free, more students would go to school and to get a higher degree for themselves. Then after graduating college without debt, students can be able to think about their own life such as doing business, buying house, etc. Also a better - educated population can make positive effect on the society. There could be downside of the situation but students could be able to overcome it because going to college is for their own education and life. Going to college is for changing the student 's own futures and also the
The total U.S. student loan debt now surpasses $1.2 trillion and there is more than 40 million recipients owing on federal and private student loans (Malone). Most of the college students in the United States can’t afford their education by themselves and, as a result, students end up drowning in student loans in order to earn a degree. Student debt is a major problem in the US, and it is a major influence on the gap between rich and poor. A more accessible college education would help reduce the gap between rich and poor in the United States.
Student loans have always seem to be a controversial topic. Many people are in agreement and disagreement over the opportunity to student loans. Student loans can be a great advantage to many students, but it can also drown them in an immense debt, that will follow them for many years. The more we analyze this perspective, we are able to distinguish the advantages and disadvantages of student loans. There is a variety of perspectives on student loans, some involving annual salaries, interest rates, and commodity.
As well as an economic fee, it will demand that everyone in the process does its best. That is extremely hard to accomplish. It will as said be difficult to manage to get quality in every part of the school system, but I still see it as the only opportunity in order to solve the problem. The effects of great inequality in school will also be huge on a longer term. There might be even bigger consequences if we don`t start to reduce the dissimilarities in the nearest future.
There is a lot of benefits from increasing public school funding. Also, there are also negative aspects of this situation. “25% of taxpayers money goes to education” (policy basis , 5) .Taking more of tax payers money
In the end, free education is never free as the youths will have to pay back for the tuition with excessive taxes. Also, offering free tuition will lower the value of education, and this will translate to lower productivity in the job market. Human beings tend to value the things that they have worked for and therefore offering the education at zero costs means that the students may never take their studies seriously. The government can also adopt different alternatives to the free education without necessarily hurting the economy. Having so many graduates will impact negatively on the job sector.
As enrollment at public schools increases, so do the fees. Either more money would have to be given to the schools, or they would have to create waitlists. This means that the taxes for education-related purposes might go up, or funding for something else might be diverted to pay the influx of fees. In addition to this, the large number of graduates might oversaturate some areas of the workforce, leaving even more people with degrees working jobs that they are overqualified
