The cost of college has been a hot topic as of recent. Attending college is on the path of only becoming affordable to the wealthy, if not yet already. The price to get an education is skyrocketing, and shows no signs of slowing down. Not everyone can afford college at these absurd prices. Receiving a college education is important, but just how important is it? Is a college education worth $100,000 of debt for the rest of your life?
The main argument this article makes is that going to college should be a right, and not a privilege. Right now, hundreds of thousands of kids are unable to go to college because they cannot afford to, and if they do, they rack up a large debt. The United States was once the most educated country in the world, and that rank has been dropping because our citizens can't get one. This article offers a few ways to lower the price of college.
Rep. Hansen Clarke, a Michigan Democrat, introduced a bill that would forgive up to $45,000 in student debt after a borrower makes 10 years of income-based payments (no more than 10 percent of income). This example is a start, but still doesn't solve the problem. A lower income student under this format would most likely still have debt, and would have to secure a job after graduation and hold onto it, which in our current job market is very tough.
Students in California are pushing for a popular initiative on free public higher education. The draft would make four years of state university for all full-time, in-state students who maintain at least a 2.7 grade point average or do 70 hours of community service each year. It would pay for the lost tuition with a modest surtax on those making more than $250,000. This example claims it would give a student a free education, permitting they are able to maintain the gpa and community service hours. This does however bring up the problem of taxing the wealthy. Taxing the wealthy has long been a topic of controversy over many other money problems.
I think that both of these ideas that the author brings up are beneficial. Both would definitely help a student pay his way through college. I personally do not see college becoming free anytime soon. I think that the first example is more applicable for the current situation. I think that it is a shame that we are wasting intelligent brains of our youth simply because they cannot afford the ridiculous price that colleges demand. I think that the government needs to step in and enforce better, and more affordable solutions so that we can better educate our people.
A college education is important, but at what cost?