Over the past 20 years college tuition has risen unbelievably high. We both know that most of the time students can not afford college tuition so they drop out. Many attempt to begin a business with hope for an easier way of making money and paying off debt. The high cost of tuition interferes with students’ education causing them to stress of how they will pay off their debt. In order to continue with their major, they have to work even harder to slowly pay their debt which will take them a whole life time. It is time for us to realize that educating others is not about the paycheck, it is about helping them achieve their goals of a career.
Parents whose children are attending college might not realise that if, they are not financially stable the students might have a hard time paying off their debt. Studies have shown that only 20 percent of U.S. men and 27 percent of U.S. women have more education than their parents. Many students try to prevent enlarging tuition costs by taking out multiple loans which instead increases their problems. Other students would rather prefer to start their own business than attend school. Thirty-six percent of college students start their own business, and another twenty-one percent start a business due to unemployment. What you will not see is that students have trouble buying their first home with their large debt following them everywhere they go. Since 1980, the percentage of college students owning a house has dropped from 61 percent to 57 percent. Debt can also come between the desire for marriage, having children, and seeking dental and medical care.
You on the other hand, earn money from the presence of students in your class. You still receive a paycheck even if students are failing your class. All the money you receive is the same money your students are working so hard to gain in order for them to attend classes. Once these students graduate, if they have debt to pay off, you practically have control over them. About 42 percent of college graduates with debt will go from paycheck to paycheck throughout their life, leaving them with no other choice, but to pause their personal life to focus on debt. Colleges have cut spending in order for higher education. Since 1980, the amount of funding decreased, whereas, the price of tuition increased greatly. A large percentage of students begin to question if college is even worth it, the high cost of college sets college students to think that dropping out of school is a better option. Even the action of students dropping out of college, who were going for a bachelor’s degree, had an effect on the nation in 2008. These dropout students played a part in the 3.8 billion dollars lost in income, the 566 million dollars lost of federal income taxes, and the 164 million dollars lost of state income taxes. Not only does the unbelievably high cost of college tuition affect the students harshly, but also our country.
As a high school student attending Marysville Charter Academy for the Arts I believe that this is a problem that must be fixed in order for students to reach their highest goals in earn a degree and in their career. It is your job to educate, but I do not believe that students should have to pay thousands of dollars in order to learn. Giving the students at least three years of free college, would give students time to save money for the college tuition that follows. This way, they would have an opportunity to succeed rather than to just give up. Instead of having the students focus on how to pay for college, let’s have them focus on their career.