Around the world there are countries such as China and the Netherlands that highly surpass the United States in education and are now surpassing us in other economic and political areas. Some people cannot stand by and watch other countries pass us such as the governor of New York, Andrew Cuomo, who passionately claims that, “if we want to compete globally with education we need to supply everyone with a college education”. Not only will education get us caught up with other countries but it can highly benefit us because it improves our economy, politics, and reduces poverty. In fact, the more people with a college degree the less amount of poverty there is which is shown by statista because from 1993-2015 the amount of poverty has dropped nearly 4 percent and the amount of Americans with degrees increased 7 percent.
The price of college tuition is rising drastically, with no signs of slowing down. Sometimes people do not fully understand how quickly tuition is rising. To demonstrate how fast tuition is rising Adam Davidson, writer for the New York Times, has done research on costs of colleges previously and concluded that, “ In 1974, attending a four-year private college cost around $2,000 a year: affordable, with some scrimping, to even median earners. As for public university, it was a bargain at $510 a year. To put these figures in current dollars, we’re talking about $10,300 for the private university and $2,500 for the public one” This gives everyone a number that college tuition should cost but Davidson does the math and concludes that, “tuition at a private university is now roughly three times as expensive as it was in 1974, costing an average of $31,000 a year; public tuition, at $9,000, has risen by nearly four times”. How can students be expected to go to college when the cost has nearly quadrupled?
Around the United States there are people that have different opinions on whether or not there should be funding for higher education. To decide this states have community votes on a petition to determine the details about how much money will be funded and to which students or organizations that it aids. Unfortunately, Michael Mitchell, Michael Leachman, and Kathleen Masterson, authors for the Center on Budget and Policy Priorities discovered that, “Forty-six states — all except Montana, North Dakota, Wisconsin, and Wyoming — are spending less per student in the 2015-16 school year than they did before the recession”. States that are spending less per student are really sacrificing their education because it has been shown in a study of graduation rates per state showing that in North Dakota the graduation rate was 50% in 2009 and predicted to be 60-76% by 2020. North Dakota is one of the four states that still has increasing higher education funding. In states such as Arkansas where funding is decreasing the graduation rate also decrease to 28% in 2009 and 42-60% in 2020 which is 20% less than North Dakota. If statistically federal funding for colleges works then why isn’t more states increasing funding?
The amount of money that goes toward college and colleges often lure students in by offering some financial aid through the school and there is different financial health offered by the government. Federal aids are provided to everyone who is eligible for them and pays for some of your college; FederalStudentAid.ed.gov, enlightens that, “the federal government offers a number of financial aid programs such as: aid for serving in the military or for being the spouse or child of a veteran, tax benefits for education, an education award for community service with AmeriCorps, educational and training vouchers for current and former foster care youth, and/or scholarships and loan repayment through the Department of Health and Human Services’ Indian Health service, National Institutes of Health, and National Health Service Corps” (FederalStudentAid.ed.gov). The college itself will attempt to luring students in by providing student loans but the problem is, is that student end up paying more for college due to interest which is also taken away from FederalStudentAid.ed.gov saying that, “ if you apply for financial aid, you may be offered loans as part of your school’s financial aid offer. A loan is money you borrow and must pay back with interest”.
The government spends vast amounts of money on colleges that go towards renovations to the college campus’ and grants and other expenses which helps out the college with expanding and making money. According to author, Kelly Woodhouse, “in 2013 the federal government spent nearly $76 billion on higher education, while states spent about $3 billion less, according to the "Federal and State Funding of Higher Education" study”. This statistic shows how much the government gives colleges for their own expensive and only part of that goes to student debt relief but what if all of the money the government spent on colleges went towards student debt? According to Jordan Wiesmann from The Atlantic, “the Department of Education data states that, $62.6 billion is how much tuition public colleges collected from undergraduates in 2012 across the entire United States”. Jordan provides the information that the government could make college free for students who attend public universities so why don't they?
- Federal: Relating to the government system
- Tuition: money charged to students for an education
- Criticism: Disliking something because of faults
- Mortgage: The money loaned by a bank so that homeowner can afford a house
- Scholarship: A payment made to support a student's education that was received through some sort of achievement