Vast amounts of debt and scarce job opportunities are two main issues that college students face in the modern world. Student loan debt in the U.S. has recently surpassed one trillion dollars, leaving students to wonder whether a higher education is worth the cost. Although the costs depend on whether the college or university is public or private, all forms of college education are expensive. The U.S. already funds public colleges and universities through tax revenues. Through this program, the American government can prevent the costs of higher education from rising. The U.S. government should subsidize colleges and universities in order to improve the economy. College is not cheap. According to Matthew Willie (2012), an editor of the
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Bureau of Labor Statistics reports that those who have a bachelor’s degree make more than those who do not. People who have bachelor’s degrees and work full-time made approximately $1,101 in weekly earnings. (2014) However, those who only had a high school diploma and worked full-time made $668 in weekly earnings. (2014) Unemployment rates for those without a college degree are significantly higher than those who have a bachelor’s degree. For example, the Bureau of Labor Statistics (2014) reports that the unemployment rate for those who only have a high school diploma was around six percent. (2014) However, the unemployment rate for those who graduated with a bachelor’s degree was around three and one half percent. (2014) Therefore, it is necessary to acquire a higher …show more content…
(2014) In a different article, Noack also goes on to mention that the Danish government pays its students over $900 a month for 6 years after they turn 18, as long as they are enrolled in a college or university and as long as they do not live with their parents. Alongside this extra student income, “Danish citizens don 't have to pay any tuition fees. Housing is really cheap, as well.” (2015) Since these well developed countries are able to provide free education to its citizens and its visitors, the United States should also be able to do so by simply raising
Bureau of Labor Statistics reports that those who have a bachelor’s degree make more than those who do not. People who have bachelor’s degrees and work full-time made approximately $1,101 in weekly earnings. (2014) However, those who only had a high school diploma and worked full-time made $668 in weekly earnings. (2014) Unemployment rates for those without a college degree are significantly higher than those who have a bachelor’s degree. For example, the Bureau of Labor Statistics (2014) reports that the unemployment rate for those who only have a high school diploma was around six percent. (2014) However, the unemployment rate for those who graduated with a bachelor’s degree was around three and one half percent. (2014) Therefore, it is necessary to acquire a higher …show more content…
(2014) In a different article, Noack also goes on to mention that the Danish government pays its students over $900 a month for 6 years after they turn 18, as long as they are enrolled in a college or university and as long as they do not live with their parents. Alongside this extra student income, “Danish citizens don 't have to pay any tuition fees. Housing is really cheap, as well.” (2015) Since these well developed countries are able to provide free education to its citizens and its visitors, the United States should also be able to do so by simply raising