Last spring, my sister turned to student loans to help cover the costs of going to UC Irvine, because without them, my family wouldn’t have had enough money to pay for her college. She’s one of the many high school seniors who have decided to fall upon external resources like scholarships, grants, and federal aid to reduce the burden of paying for university. Among these students, there are quite a few who struggle to pay those loans off since college expenses can often be very high. In fact, the United States has accumulated around $1.3 trillion in debt (“Quarterly Report on Household Debit and Credit 2017: Q4” 2) from student loans due to the number of students that apply for them and can’t repay them. While there are many high school students
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Even some students that are able to get into university may not be able to afford the yearly attendance rates within those schools, or can’t pay off their loans after graduating. The expenses of college, such as tuition and boarding, should be lowered so students who are not very wealthy are more able to afford college and pay off loans with less difficulty.
Some may argue that the prices of higher education are worth it despite the heavy costs because getting a degree is nonetheless lucrative. This is an argument presented in the article “School Is Expensive. Is It Worth It?” by James Taranto. Taranto quotes the book The Case Against Education by Bryan Caplan in order to argue that the investment of getting a higher education holds enough value to be worthwhile. Taranto writes, “Full-time workers with a bachelor’s degree, on average, ‘are making 73% more …show more content…
In other words, some students can get into college, but then find themselves in further struggles to afford attending those schools. The State of Oregon’s Higher Education Coordinating Commission conducted several reports, called “snapshots,” regarding completion, enrollment, and affordability for 24 colleges in the state. The statewide snapshot that compiles all the data from each individual school reports, “51% of [resident, undergraduate] students were unable to meet expenses with expected resources: family contributions, student earnings, and grant aid,” as well as that the average yearly cost of attendance amongst all highlighted Oregon schools is $19,952 without any aid, $12,827 with public student aid, and $10,848 with both institutional and public aid (“Oregon Higher Education Statewide Snapshot” 1). A majority Oregonian students turn to several external resources for financial assistance, and yet they cannot pay for the expected cost of attendance. For these undergraduates, the hefty price of higher education goes beyond just getting into their desired school, for they are unable to sustain themselves while paying for fees such as room and board, tuition, and supplies. By making higher education less expensive, less undergraduates would suffer from the inability to afford a sustained college education. These students
Even some students that are able to get into university may not be able to afford the yearly attendance rates within those schools, or can’t pay off their loans after graduating. The expenses of college, such as tuition and boarding, should be lowered so students who are not very wealthy are more able to afford college and pay off loans with less difficulty.
Some may argue that the prices of higher education are worth it despite the heavy costs because getting a degree is nonetheless lucrative. This is an argument presented in the article “School Is Expensive. Is It Worth It?” by James Taranto. Taranto quotes the book The Case Against Education by Bryan Caplan in order to argue that the investment of getting a higher education holds enough value to be worthwhile. Taranto writes, “Full-time workers with a bachelor’s degree, on average, ‘are making 73% more …show more content…
In other words, some students can get into college, but then find themselves in further struggles to afford attending those schools. The State of Oregon’s Higher Education Coordinating Commission conducted several reports, called “snapshots,” regarding completion, enrollment, and affordability for 24 colleges in the state. The statewide snapshot that compiles all the data from each individual school reports, “51% of [resident, undergraduate] students were unable to meet expenses with expected resources: family contributions, student earnings, and grant aid,” as well as that the average yearly cost of attendance amongst all highlighted Oregon schools is $19,952 without any aid, $12,827 with public student aid, and $10,848 with both institutional and public aid (“Oregon Higher Education Statewide Snapshot” 1). A majority Oregonian students turn to several external resources for financial assistance, and yet they cannot pay for the expected cost of attendance. For these undergraduates, the hefty price of higher education goes beyond just getting into their desired school, for they are unable to sustain themselves while paying for fees such as room and board, tuition, and supplies. By making higher education less expensive, less undergraduates would suffer from the inability to afford a sustained college education. These students