Student Debt Essay

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Getting a four-year degree in the state of Missouri costs more than the average family’s yearly income. The average family in the state of Missouri makes $30,662 a year, and the average cost for a four-year in-state college is $58,752. The burden of student loan debt after college can significantly influence career choices for graduates. Students shouldn’t have to defer from their passions to the fear of debt. For example, the average debt of a medical school graduate is around $200,000. The cost of higher education needs to be reduced so people have the same opportunities, regardless of financial background. The government should cap the cost of college at schools that receive government funding. The cost of college has almost tripled over …show more content…
According to The Commentary on College Tuition is Out of Control. Voters Want Government to Do Something, “A strong majority of voters—75 percent—expressed support for a proposal to cap tuition at colleges and universities that receive government funding. This includes support among 81 percent of Democrats, 70 percent of Republicans, and 69 percent of independents. Many voters indicated that they supported government action to cap tuition because such action would make college more affordable or accessible.” Their research shows strong support for the government taking action, and notice how there is a large percentage of voters from all political stances who favor this action. This is not biased research or a majority of one side's political opinions, many people of different beliefs agree that college tuition is out of hand. Cheaper college tuition would make higher education more accessible and affordable for all. People from all classes would be able to pursue their dreams and contribute to society. This source was very useful in enlightening me on the statistics of people who think college prices should be …show more content…
It is a form that students file when they attend college to qualify for federal aid. Financial aid can include grants. The form gathers your family's financial information, runs it all through a formula, and gives a number that reflects your family’s financial strength. So, the lower your family income puts out, the more financial aid money you are likely to qualify for. This article/questionnaire is a very viable source for the “How to pay for college?” question every student asks. It helped give ideas on how to afford college because it is next to impossible to pay on your own. There are indeed many options on how to pay for college, and you don’t have to do it on your own. In “The Real Student Loan Crisis” this source talks about “the crisis that isn't”. College prices have risen more than 200% since 1980. The average public university tuition bill is less than $10,000 a year. Universities tend to offer very generous financial aid. Even with tuition increases, most students don't pay full price. At private nonprofit colleges, 84% received institutional grants, and 40% received federal student

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