In Dicken’s time only the rich and the wealthy had the privilege to go to university. Is that not increasingly becoming the truth again? While university has become more accessible for people in the later 20th century, we are slowly reverting back to university only being affordable to a select few. Even just a generation ago many people could afford the opportunity to go to university, but for the current generation university is becoming increasingly inaccessible due to rising costs, especially tuition. If we are to avoid increasing social and economic inequality and instead wish to maximize everyone’s opportunity to be prosperous and to realize their potential, it is critical for us to preserve fair and open access to a university through
…show more content…
To begin with, lowering university tuition provides economic benefits by providing more complex jobs, which leads to more taxes towards the government and economic growth through innovation. First, university is needed for more complex jobs in a complex modern economy, job opportunities for people with a High School Diploma or lower is only 22% of jobs available. If tuition is lowered more people will go to university and have more complex jobs, which will help the economy. As a result, university graduates typically make more; contributing more to the overall economy by paying more taxes, ultimately allowing the government to recoup investment through lowered tuition costs. In a recent study published by the CCPA (Canadian Centre for Policy Alternatives) additional taxes paid by university graduates found that – as a group – university students pay more than double what their education costs through higher taxes. Since, …show more content…
As we know, universities generally help to promote the economy and job prospect, in spite of this a university doesn’t guarantee a job that will enable a person to pay back a heavy debt caused by high tuition. CIBC World Markets economists Benjamin Tal and Emanuella Enenajor note that the unemployment rate among university graduates is now only 1.7% percentage points lower than high school graduates. Due to this unemployment rate, university graduates aren’t able to pay back the cost of their education with the average student debt at graduation from a Bachelor’s degree program being $27,000 in 2009 by lowering the tuition, the average debt due to university will be lowered as well. Similarly, we want artists to pursue art, musicians to pursue music and poets to study poetry at university, but with the average income of artists being $22,700 annually and the average annually salary of the general population being $36,300, the average annual income gap is 37%. Students in the arts won’t want to pursue a degree that they can’t pay pack, by lowering the tuition it will allow artists to pursue the degree they want while enabling them to pay back their degree. Also, a lot of students start university and don’t know their interests or their interests change, an estimated 20 to 50 percent of
To begin with, lowering university tuition provides economic benefits by providing more complex jobs, which leads to more taxes towards the government and economic growth through innovation. First, university is needed for more complex jobs in a complex modern economy, job opportunities for people with a High School Diploma or lower is only 22% of jobs available. If tuition is lowered more people will go to university and have more complex jobs, which will help the economy. As a result, university graduates typically make more; contributing more to the overall economy by paying more taxes, ultimately allowing the government to recoup investment through lowered tuition costs. In a recent study published by the CCPA (Canadian Centre for Policy Alternatives) additional taxes paid by university graduates found that – as a group – university students pay more than double what their education costs through higher taxes. Since, …show more content…
As we know, universities generally help to promote the economy and job prospect, in spite of this a university doesn’t guarantee a job that will enable a person to pay back a heavy debt caused by high tuition. CIBC World Markets economists Benjamin Tal and Emanuella Enenajor note that the unemployment rate among university graduates is now only 1.7% percentage points lower than high school graduates. Due to this unemployment rate, university graduates aren’t able to pay back the cost of their education with the average student debt at graduation from a Bachelor’s degree program being $27,000 in 2009 by lowering the tuition, the average debt due to university will be lowered as well. Similarly, we want artists to pursue art, musicians to pursue music and poets to study poetry at university, but with the average income of artists being $22,700 annually and the average annually salary of the general population being $36,300, the average annual income gap is 37%. Students in the arts won’t want to pursue a degree that they can’t pay pack, by lowering the tuition it will allow artists to pursue the degree they want while enabling them to pay back their degree. Also, a lot of students start university and don’t know their interests or their interests change, an estimated 20 to 50 percent of