Good Debt: The Rising Cost Of Higher Education

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In my opinion, the rising cost of higher education will have the greatest impact on the field within the next 5 years. If the cost of higher education continues to rise, it will have a significant impact on whether or not students will attend college. During the 1980s, it was possible for students to work their way through school (Lisa, 2013). But, those days are over. The average student leaves college with close to $30,000 in debt. With the slow recovery of the recession, many states are not funding higher education at the pre-recession rate. Leaving higher education leaders with tough decisions on the quality services and programs they offer. States must re-invest in higher education. It is critical for the success of the community and the state. …show more content…
In fact, a college is education is considered good debt. Good debt involves something that will affect your overall quality of life. A college education provides students with opportunities to read books and listen to lectures from experts, and meet people from all over the world.
The literate states that a college education is still the ticket to the middle class. It provides students with the exposure, development and opportunities to compete in a competitive job market.
Although it become a financial burden to the lower and middle income families, research indicates that even with students taking out more loans, a college education is worth it. Students who do not receive a bachelor’s degree risk losing at least a million dollars over the span of working life. I am of the opinion that one cannot afford not to go to college. A college education serves a trajectory to a better life and more

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