A huge current event right now is "Is the cost of college crippling?" written by Frankel Laurie. What is going on is they are saying that the cost of college is rising dramatically. Statistics show that nothing in life has risen in price as fast as college has, since 1985 it has risen over 500%. Some believe universities are the biggest scam going on. Most people say it is related to economics and that you have to go to college to get ahead and at the same time they are not opening new colleges and as they said "they have a fixed amount of supply and when demand is going up and supply is not, the prices rise" therefore the prices of college must rise. When the prices rise most people need loans and grants which leads to debt after you get out of college. They stats said that grants and loans only cover about 30% of your tuition meaning you are still in debt because for tuition that is not that much being covered. These debts will affect their lives after they get out of college also. We all know that the cost of colleges is rising and I believe they will keep rising because of their fixed supply and with more and more people wanting and attending college the price will continue rising. After college people are in a huge debt which I believe can be life affecting, it affects how you live after college and if you are still paying it off when you have a family it will be hard to support while paying off the huge debt you have from college. Paying off debt will be even harder if the person cannot get a qualified job for their field and may end up working somewhere that does not even need people that attended college.
http://money.cnn.com/video/news/2013/09/03/n-cost-of-college-rising-education-middle-class-jobs.cnnmoney/index.html?iid=SF_E_LN
I agree that the price of college will keep rising. more people are in debt when they get out of college because they have had to take loans to go to college. I also agree that this affects them when they get out of college because they already are in debt and have to try to get out of it before they can be "debt free"
ReplyDeleteI think that the way to combat college pricing is through competition in tuition prices from other colleges.
ReplyDeleteI agree that colleges have raised a large amount, but i also think it is very unfair how this has happened considering they want everyone to go to college and if you don't have a scholarship you will be paying loans for almost the rest of your life.
ReplyDeleteI agree with it all. The price of college has risen dramatically, largely because yes it has almost become culturally unacceptable to not have a college degree. Almost anywhere you apply they require some type of higher college degree. Our society has moved away from trade schools, and people learning life trades and going to school for those trades. In almost anything you do noways they ask what educational background you have, Simply saying I know what I'm doing doesn't cut it anymore. I believe we need to move back towards trade schools, and people learning life trades.
ReplyDelete-Boomer
I agree with the fact that colleges have raised their tuition. But it is unfair how it is more expensive to get a education. Some cannot afford to go to college when they want too.
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