Tuition is just one part of education, students still need to buy the textbooks for their classes, which are also too much expensive. The textbooks that are sold by the college’s bookstore are way too much expensive than outside. Even the used book that they sell in about the same prize as the new one. Students on financial aid, using book vouchers don’t have any choice but buying those expensive books because they have to get their textbooks from institute’s bookstore if they are using financial aid or book voucher. When students go back to sell those books, they don’t even get as much money as they are supposed to, but the bookstore will buy that book in less and sell it back to different students at higher cost. Moreover, the textbooks
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However, not many students like to choose this option because taking a student loan is very stressful for them even after they are done with their degrees. If a student takes a loan from a bank; for example, he/she will have to repay the amount they took with a certain amount of interest. On the other hand, if a student fails to make a payment for the loan, interest rate increases as well. All these only leads the student to get tensed about making the installment. According to Luhby, Majority of people have a lot of debt by the time they finish their bachelor 's degree only. According to CNN money news, balance of student debt per person has increased from $23,000 to $28,000, and 50% people spend most of their income to pay for their debts. In 1992, the average student loan price was $10,000 which have increased up to $60,000 in 2013 (Luhby). So even if the student gets job in their field, they really won’t be making any money in first couple years because they have to finish paying off the debt they have from student loans.
Education is something that everyone should have equal access to, no matter what kind of family they come to. It won’t be fair if lower class family, and middle class doesn’t have access to same quality of education as higher class family. It would be student’s decision if they want to take advantage and get the education for their brighter future. If they do not want to gain knowledge and become successful in their life, they are free to do whatever they want. However, we shouldn’t be stopping anyone from getting good
However, not many students like to choose this option because taking a student loan is very stressful for them even after they are done with their degrees. If a student takes a loan from a bank; for example, he/she will have to repay the amount they took with a certain amount of interest. On the other hand, if a student fails to make a payment for the loan, interest rate increases as well. All these only leads the student to get tensed about making the installment. According to Luhby, Majority of people have a lot of debt by the time they finish their bachelor 's degree only. According to CNN money news, balance of student debt per person has increased from $23,000 to $28,000, and 50% people spend most of their income to pay for their debts. In 1992, the average student loan price was $10,000 which have increased up to $60,000 in 2013 (Luhby). So even if the student gets job in their field, they really won’t be making any money in first couple years because they have to finish paying off the debt they have from student loans.
Education is something that everyone should have equal access to, no matter what kind of family they come to. It won’t be fair if lower class family, and middle class doesn’t have access to same quality of education as higher class family. It would be student’s decision if they want to take advantage and get the education for their brighter future. If they do not want to gain knowledge and become successful in their life, they are free to do whatever they want. However, we shouldn’t be stopping anyone from getting good