“75 hours a week is my average during the summers. I can only work about 40 hours a week while in school. College debt has always lingered above my head, and working is the only way to prevent myself from going under. I’m thankful I was fortunate enough to have lots of previous work experience at 18. Yet even with working, I feel like it’s not enough.”
The affordability of obtaining a post-secondary education has evolved throughout history. Colleges a decade ago were only meant to serve the elite. This changed after WWII, when the GI Bill assisted veterans in achieving a post-secondary education. The American Government began to create policies such as the Higher Education Act and programs (i.e. National Defense Student Loan Program) to assist individuals in attending …show more content…
There are numerous approaches to how we are able to reduce the rate of college debt for students. Some of these solutions include: increasing the amount of scholarships students receive, decreasing the interest rates on student loans, or lobbying for policies that would help students eliminate huge portions of debt. Of course the list can continue on and on with approaches to solve this crisis. Yet, the responsibility is up to us as parents, civilians, and students ourselves to make universities and the American government understand what changes need to be made. Yes, it is reasonable to assume that these solutions will have flaws that need to be tweak. Nevertheless, any of these solutions could be placed into action especially for profit colleges. Research has shown that students from for profit colleges are amongst those with the largest amount of debt (Huelsman). This brings up the question of how much extra money students are paying that goes directly into these college’s profit. If for profit colleges were able to decrease even the slightest fraction of unneeded money, then students would have less
The affordability of obtaining a post-secondary education has evolved throughout history. Colleges a decade ago were only meant to serve the elite. This changed after WWII, when the GI Bill assisted veterans in achieving a post-secondary education. The American Government began to create policies such as the Higher Education Act and programs (i.e. National Defense Student Loan Program) to assist individuals in attending …show more content…
There are numerous approaches to how we are able to reduce the rate of college debt for students. Some of these solutions include: increasing the amount of scholarships students receive, decreasing the interest rates on student loans, or lobbying for policies that would help students eliminate huge portions of debt. Of course the list can continue on and on with approaches to solve this crisis. Yet, the responsibility is up to us as parents, civilians, and students ourselves to make universities and the American government understand what changes need to be made. Yes, it is reasonable to assume that these solutions will have flaws that need to be tweak. Nevertheless, any of these solutions could be placed into action especially for profit colleges. Research has shown that students from for profit colleges are amongst those with the largest amount of debt (Huelsman). This brings up the question of how much extra money students are paying that goes directly into these college’s profit. If for profit colleges were able to decrease even the slightest fraction of unneeded money, then students would have less