However, financial aid can barely keep up with the increase in tuition. With a lesser amount of financial aid being split amongst millions of people, it is understandable how achieving a higher educational proves difficult. However, Mr. Davidson discovers that “The funds for public education is going to the most fortunate.” The wealthy elites who are going to schools like the Ivies are benefitting most from the financial aid. Statistics from Mr. Davidson’s studies reveals that students who goes to private nonprofit colleges receives about $25,000, public colleges receives about $13,500 and community colleges only receive about $8,000 a year. Students who actually has money is being given even more financial aid to go to those colleges while those who barely get enough struggles paying for …show more content…
At first, it does seem like a good solution to the problem. It is an investment for a future so in the long run, it will be worth it. Loans also help students build up credit while they are in college. However, the individuals who do take loans has to succeed to make it worth the investment. Furthermore, loans may help build credit, but it is also capable of destroying credit. Most students who goes to community colleges has a part time job so they can support themselves and their family at the same time. Over time, they may drop out because their family needs them at home or can no longer pay off for college while paying for the essentials at home because they must pay back the unsubsidized