There is much debate about free higher education, not only in the United States, but other countries as well. Many countries in Europe already offer free higher education but seem to lack in the quality of education. As some presidential delegates are using free higher education as their platform, will it really be the best option for the United States. There are many factors that come into play when looking at what free really is and is free worth the end results.
According to the National Center for Education Statistics in 2012, out of the expected 75.6 million children from elementary and secondary schools in the United States to go to college, only 20.6 million attended. Of the 20.6 million college students, 17.7 million are undergraduates. …show more content…
Tuition and required fees were $6,122 public, $29,648 private non-profit, $13,787 private for-profit. The median income for young adults, ages 25-34 with a bachelor 's degree, was $48,500 as of 2013, compared to those with only a high school diploma or equivalent making $23,900. Having an associate 's degree gave an average income of $37,500. Students who obtained a masters degree, made an average income of $59,600 million in 2013 (Fast 1). Student loans are at their highest peak than ever before in the United States. Around 1.3 trillion dollars in student loans with 43 million borrowers was reported in 2016. That is about $37,172 per graduate in 2016, 6% higher than last years debt. The average monthly payment from a student ages 20-30 was $351. The median monthly payment from students ages 20-30 was $203. These numbers can vary depending on the loan types. Direct loans are at the top of the list with $840.7 billion in student loan debt with 29.9 million borrowers. FFEL loans have $363.6 billion in student loans with only 17.9 million borrowers. Perkins Loans has $8.1 billion in loan debt with a mere 2.8 million borrowers. Others include Stafford Subsidized Loans totalling $264.8 billion with …show more content…
Free education is when one does not pay tuition as it is paid through taxation or charitable contribution. The tuition is usually about half the amount that one would pay overall, including all expenses like room and board as well as other various fees. There are European countries that currently offer free tuition. “[M]any countries have either free higher education, or extremely low tuition and grant aid that offsets it for most students” (How 1). These countries include Denmark, Finland, Iceland, Norway, and Sweden as well as the American continents that include the countries Brazil and Mexico. Australia and New Zealand have a system tuition and fees where the tuition is either free or there are government backed student loans. Their repayment is based solely on what they earn after they leave school. If a student earns less than $50,000 a year, they own 0 monthly payments, and never pay more than 8% of their income. All being said, Europeans do differ greatly from the United States. The percentage of students enrolling in the higher education is lower than that in the United States. According to the 2012 tertiary enrollment in European countries offering debt free college as well as the United States, the US has a 94% enrollment rate, the same as Finland. However, Denmark has an 80% enrollment rate, Norway with 74%, Sweden with 70%, Germany with 62%, and France with 58%. Europe
According to the National Center for Education Statistics in 2012, out of the expected 75.6 million children from elementary and secondary schools in the United States to go to college, only 20.6 million attended. Of the 20.6 million college students, 17.7 million are undergraduates. …show more content…
Tuition and required fees were $6,122 public, $29,648 private non-profit, $13,787 private for-profit. The median income for young adults, ages 25-34 with a bachelor 's degree, was $48,500 as of 2013, compared to those with only a high school diploma or equivalent making $23,900. Having an associate 's degree gave an average income of $37,500. Students who obtained a masters degree, made an average income of $59,600 million in 2013 (Fast 1). Student loans are at their highest peak than ever before in the United States. Around 1.3 trillion dollars in student loans with 43 million borrowers was reported in 2016. That is about $37,172 per graduate in 2016, 6% higher than last years debt. The average monthly payment from a student ages 20-30 was $351. The median monthly payment from students ages 20-30 was $203. These numbers can vary depending on the loan types. Direct loans are at the top of the list with $840.7 billion in student loan debt with 29.9 million borrowers. FFEL loans have $363.6 billion in student loans with only 17.9 million borrowers. Perkins Loans has $8.1 billion in loan debt with a mere 2.8 million borrowers. Others include Stafford Subsidized Loans totalling $264.8 billion with …show more content…
Free education is when one does not pay tuition as it is paid through taxation or charitable contribution. The tuition is usually about half the amount that one would pay overall, including all expenses like room and board as well as other various fees. There are European countries that currently offer free tuition. “[M]any countries have either free higher education, or extremely low tuition and grant aid that offsets it for most students” (How 1). These countries include Denmark, Finland, Iceland, Norway, and Sweden as well as the American continents that include the countries Brazil and Mexico. Australia and New Zealand have a system tuition and fees where the tuition is either free or there are government backed student loans. Their repayment is based solely on what they earn after they leave school. If a student earns less than $50,000 a year, they own 0 monthly payments, and never pay more than 8% of their income. All being said, Europeans do differ greatly from the United States. The percentage of students enrolling in the higher education is lower than that in the United States. According to the 2012 tertiary enrollment in European countries offering debt free college as well as the United States, the US has a 94% enrollment rate, the same as Finland. However, Denmark has an 80% enrollment rate, Norway with 74%, Sweden with 70%, Germany with 62%, and France with 58%. Europe