Imagine this, it’s the year 2019. 20,000 or so undergraduate students at McMaster University will be graduating, bidding farewell to a place they called home for the past 4 years. For most families, this is bittersweet. Parents will be filled with excitement and joy as they witness their child take momentous steps into adulthood; however, will also be left with an overwhelming feeling of dread when faced with the impending debts and loans that remain.
This is the reality for many families and undergraduate students, myself included. While the prospect of obtaining a degree and landing a secure job seems heavenly, the cost to achieve it is rather contrary.
Most families will do what they can to help their children pay for University and lessen the burden of debts that loom. …show more content…
Additionally, many students are starting to rethink their career options, more often prioritizing speedy debt repayment over their own interests and steady job endeavours.
However not all families are able to support their children in pursuing higher education, according to a 2012 Statistics Canada report, “about half of youth from families with incomes in the top 25 percentile will attend post-secondary school by the age of 19, in contrast to less than a third from families in the bottom quartile”.
To remove significant financial roadblocks and make education less daunting and more accessible, it is suggested that the government increase public funding. Not only is this a healthy investment to make higher education more accessible it will benefit the economy. By being progressive and finding new ways to make education more accessible to everyone the economy and the growth of Canada will continue to expand. Higher education holds a significant role in society, educated and highly skilled employees in the workforce result in a strong foundation for economic
This is the reality for many families and undergraduate students, myself included. While the prospect of obtaining a degree and landing a secure job seems heavenly, the cost to achieve it is rather contrary.
Most families will do what they can to help their children pay for University and lessen the burden of debts that loom. …show more content…
Additionally, many students are starting to rethink their career options, more often prioritizing speedy debt repayment over their own interests and steady job endeavours.
However not all families are able to support their children in pursuing higher education, according to a 2012 Statistics Canada report, “about half of youth from families with incomes in the top 25 percentile will attend post-secondary school by the age of 19, in contrast to less than a third from families in the bottom quartile”.
To remove significant financial roadblocks and make education less daunting and more accessible, it is suggested that the government increase public funding. Not only is this a healthy investment to make higher education more accessible it will benefit the economy. By being progressive and finding new ways to make education more accessible to everyone the economy and the growth of Canada will continue to expand. Higher education holds a significant role in society, educated and highly skilled employees in the workforce result in a strong foundation for economic