The Main Influence On The Medieval Financial Aid System

Improved Essays
A main influence on the financial aid system in America was that of the western medieval universities. During this time period, students had to rely on their family’s wealth in order to attend college. However, there did exist a few exceptions for aid, such as clerks who were bound for work in the theological field, and an early form of a scholarship developed by wealthy families. However, both of these “financial aids,” had certain conditions. Poor students often had to do chores in order to gain access to certain provisions, such as food, and were “frequently made to work […], often through apprenticeships, labor positions, or as servants to professors” (Fuller, 2014, p. 44). In addition, the “scholarships” awarded to individuals were usually “gifts …show more content…
44). This early form of financial aid was seen as the beginning of an “ethic of aid,” which was carried over into the American higher education system through sponsorship, charity, and patronage (Fuller, 2014). However, poor students who attended college did not have the same privileges as those of wealthy backgrounds. While they gained admission into school, they were forced to work harder, and often received a lower quality experience than their classmates.
One may see the historical lessons of the financial aid system in relation to students of lower socioeconomic statuses in the present. The medieval financial aid system, after which the American higher education system is modeled, included an idea of charity to those less fortunate. As is the case in the present,

Related Documents

  • Improved Essays

    They see education as a tool for developing socially understanding minds and more importantly, interacting with oneself and coming to rigid, well-supported conclusions. These well-supported conclusions can be political and define the United States’ course of defining history. Delbanco and Edmundson hold the common belief that everyone should have an equal access to higher education, which is currently, for the most part, limited to the affluent. In his work, Andrew Delbanco provides shocking statistics that question the educational equality preached by the U.S. Government: “If you are the child of a family making more than $90,000 per year, your odds of getting a BA by age 24 are roughly 1 in 2; if your parents make less than $35,000, your odds are 1 in 17.” The largest barrier to education, according to these two authors, is financial.…

    • 762 Words
    • 4 Pages
    Improved Essays
  • Decent Essays

    In the article “Sentenced to Debt”, authors Scot Ross and Mike Brown accentuate the battle between higher learning organizations and big suit legislation to come up with an agreeable solution to the financial aid plight troubling millions of Americans. The majority of college students are burdened with lifelong debt in suit of pursuing their childhood career aspirations and often detracting from other pecuniary objectives such as vehicle or property ownership. At the beginning the writers use 2 individuals from separate walks of life as a model examples of the catch 22 that has become a finical crisis topic of recent years affecting all social classes by significantly decreasing turnover ratio following investing in a college degree; interest…

    • 306 Words
    • 2 Pages
    Decent Essays
  • Superior Essays

    In making conversation, I frequently asked new peers, “What about your financial aid?” No one had warned me that this might be a bad idea. I was appalled to hear from most students that they would not receive financial aid at all and that they would, instead, foot the bill. I could not imagine paying $65,000 a year for a college education and the idea was mind-blowing. I realized, though, that just as I did not understand the life contexts of these individuals, it was unlikely that they well understood my own life context.…

    • 1055 Words
    • 5 Pages
    Superior Essays
  • Improved Essays

    Why For-Profit Colleges Aren’t What You’d Expect Few things give Americans more stress than college; decisions regarding higher education can be some of the most difficult. Recently, an increasing number of people have been choosing to attend for-profit universities such as University of Phoenix or Corinthian Colleges. These schools offer incentives that tend to appeal to people of middle to lower income level, yet they cost much more that attending a traditional nonprofit school. In his essay, “Why Do You Think They’re Called For-Profit Colleges?” Kevin Carey examines how these schools leave students with mountains of debt, appeal to working class people, and share common flaws with nonprofit colleges.…

    • 585 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    With each passing year, educational expenses continue to escalate and a collegiate experience is well beyond the financial means for many successful high school students, including myself. During difficulties in the past, my family has maneuvered through financial crises with extraordinary faith and by remaining together. As a result, I am compelled to join my brothers at North Greenville University in efforts to eliminate additional education expenses. Unfortunately, even with these implementations, my sister will only further complicate our evolving situation as she will enter college the following year. Therefore, the Weldon Wyatt Scholarship will not only secure my collegiate experience but will also enable my brothers to continue their…

    • 250 Words
    • 1 Pages
    Improved Essays
  • Improved Essays

    Andrew Carnegie, a first-class American who netted millions of dollars in the late 1800s, encouraged and inspired wealthy citizens, through his essays, to donate money to charities, public service agencies, educational institutions, and more. In his entire lifetime, he accumulated more than 390 million dollars, which would amount to over four billion dollars today. Ninety percent of that was donated to charities and foundations, supporting over 2,500 libraries and hundreds of venues for concerts and meetings. When he wrote The Gospel of Wealth, many other wealthy American citizens joined Carnegie’s endeavors. The Gospel of Wealth influenced many wealthy Americans to donate their excess money to universities and colleges.…

    • 735 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Carey Student Loans

    • 567 Words
    • 3 Pages

    The Problem with Student Loans Student debt loans is a crushing problem that plagues many students in the twenty first century. Higher university fees have led to more student debt that punishes students with high interest rates. These high interest rates may lead to damaged credit and future financial instability for students. Kevin Carey tackles this problem in a commentary published in the Chronicle of Higher Education, titled “The U.S. Should Adopt Income-based Loans Now”. Carey offers a solution and a plan to this issue, and does it using comparative dates.…

    • 567 Words
    • 3 Pages
    Improved Essays
  • Great Essays

    It’s hard to believe that once upon time, Americans did not have the dreadful worries of finding a way to prepare for the financial necessities for college. Now, college is becoming more of a dream rather than a reality as high tuition rates becomes the number one reason why Americans are not advancing themselves into higher education. In some cases, there are college students who receive full-ride scholarships to the college they desire; however, the majority of those who do go to college do not obtain the same luck. Those students who do continue their education and go off to college find themselves short of financial aid, out-of-pocket cash, and even scholarships. This causes students to resort to taking out a student loan.…

    • 1550 Words
    • 7 Pages
    Great Essays
  • Improved Essays

    The Department of Education recently released a memo admitting that repayment rates on student loans have been grossly exaggerated. Data from 99.8% of schools across the country has been manipulated to cover up growing problems with the $1.3 trillion in outstanding student loans. New calculations show that more than half of all borrowers from 1,000 different institutions have defaulted on or not paid back a single dollar of their loans over the last seven years. This comes in stark contrast to previous claims and should call into question any statistics provided by government agencies.…

    • 680 Words
    • 3 Pages
    Improved Essays
  • Superior Essays

    Literature Review After the economic recession in 2008, life has only gained more and higher expenses. Studies have highly increased, while wages have increased but not an equitable value to meet a college students’ expenses. In the article, The Reality of Free Community College Tuition, by Fran Cubberley, she presents both pro and con arguments in why it would be beneficial for our current and ongoing high school graduates to receive a free two-year education. The arguments made are: As a pro, students could avoid such costs as well as reduce the likelihood of requesting a loan. As for a con, “the cost of educating and serving students, and senior management and the board of trustees will need to adopt creative financial strategies to maintain…

    • 919 Words
    • 4 Pages
    Superior Essays
  • Improved Essays

    A moderate budget at a private college averaged $47,831” (Collegedata). Without dispute, numerous individuals recognize that a college degree can have a costly price tag. For plentiful pupils, this price tag eradicates college altogether. In the reading “Should Everyone Go to College?” , Owen and Sawhill conclude that the financial aid system in America needs adjustment, which is not a false statement.…

    • 1115 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    And even though Alfred gave him scholarships, his education still ended up costing him. He left Alfred with a B.A. in history and political science along with $55,000 in student loans.(97)”. Thus proving, that college graduate are dependent upon money whether…

    • 771 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    College Worth

    • 1233 Words
    • 5 Pages

    College Worth: Bright and Successful Future. A college degree represents the hard work and effort a person determines in order to accomplish futuristic goals that they are trying to reach. After finishing high school, students are influenced to continue their learning path and start focusing on what career they should choose in order to succeed in their lives followed with choosing an institution that best fits their comforts and offers the education wanted. Even though a college education provides more chances to a more prosperous life, one of the main problems and obstacles faced by the majority of the people who want to attend college is the high cost of the college tuition, however this problem has a solution, because there are scholarships,…

    • 1233 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Carl Singleton, author of “What Our Education System Needs Is More F’s” feels that the educational system should give more F’s to students that do not master the required material in classes. Singleton feels that giving the students more F’s will not only save money, but will force parents to focus more on their students and grades. He also feels that giving more students F’s will explain a lot about the educational system, the teaching style of the teacher, and the student effort towards work. An analysis of Singleton’s article reveals an unstable argument. Singleton argues that giving more F’s to students will be a good thing for the educational system.…

    • 964 Words
    • 4 Pages
    Improved Essays
  • Great Essays

    Abstract Less than 2% of middle-class families use a financial aid service compared to 60% of lower-income households. Due to these statistics, this difference is a result of middle class’s belief that financial aid is not beneficial to the wealthy nor the middle-income families. Middle-class America is extremely hard working due to the fact they could work every single day of their life and not qualify for any financial aid towards a higher education, as opposed to a low-income house hold that has two adults who haven 't worked a day in their life who 's kids receive free college tuition based on low income. Solutions are limited because only a select few receive scholarships and grants due to academic and athletic abilities.…

    • 1453 Words
    • 6 Pages
    Great Essays