Financial Privilege Allows Easy Access To Higher Education. The dream of college is increasingly out of reach for many young adults as tuitions and fees continue to climb, drastically limiting their chances of success. According to U.S. Department of Education, “for the 2014–15 academic year, average annual current dollar prices for undergraduate tuition, fees, room, and board were estimated to be $16,188 at public institutions, $41,970 at private nonprofit institutions, and $23,372 at private for-profit institutions.” (“Tuition costs of colleges and universities”, par.1) Between 2005 and 2015, prices for undergraduate tuition, fees, room, and board at public institutions increased 33 percent, and prices at private nonprofit institutions increased
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214). The early admission process lures students to commit to enroll if they get in, and excludes those who want the chance to compare offers of grants and scholarships (Anderson, par.1). This practice is too risky for low-income and middle-income students, but can be seen as beneficial only by the financially privileged few (par.6). Applying to college is an increasingly uneasy and high-stakes process for many American families, and admission has become extraordinarily competitive (par.30), but at the same time a large number of Americans have come to view it as a ticket to future …show more content…
A study by John Hopkins University found that “only 4 percent of the children from low-income families made it through college, compared to 45 percent of the children from higher-income backgrounds” (Rosen, par.9). Cultural environment and surroundings impact the future success of individuals, as they determine available opportunities and shape how to perceive their social standing (Life, p.683). A child born into a high-income family has easy access to luxurious resources, and this sets him up from very beginning with an unjust advantage compared to low-income children (p.684). A wealthy individual without fiscal responsibility is likely to stay wealthy at about the same rate as a poor individual who work hard is likely to stay poor (Luhby, par.3). In other words, the rich are likely to stay rich, while the poor are likely to stay poor, unless as a society we decide to break this
214). The early admission process lures students to commit to enroll if they get in, and excludes those who want the chance to compare offers of grants and scholarships (Anderson, par.1). This practice is too risky for low-income and middle-income students, but can be seen as beneficial only by the financially privileged few (par.6). Applying to college is an increasingly uneasy and high-stakes process for many American families, and admission has become extraordinarily competitive (par.30), but at the same time a large number of Americans have come to view it as a ticket to future …show more content…
A study by John Hopkins University found that “only 4 percent of the children from low-income families made it through college, compared to 45 percent of the children from higher-income backgrounds” (Rosen, par.9). Cultural environment and surroundings impact the future success of individuals, as they determine available opportunities and shape how to perceive their social standing (Life, p.683). A child born into a high-income family has easy access to luxurious resources, and this sets him up from very beginning with an unjust advantage compared to low-income children (p.684). A wealthy individual without fiscal responsibility is likely to stay wealthy at about the same rate as a poor individual who work hard is likely to stay poor (Luhby, par.3). In other words, the rich are likely to stay rich, while the poor are likely to stay poor, unless as a society we decide to break this