The Pedagogy Of Debt By Jeffrey Williams Essay

911 Words Mar 14th, 2016 4 Pages
The Pedagogy of Debt Jeffrey Williams the author of “The Pedagogy of Debt” says that he still owes $9,000 after grad school. In this article he talks about the four main points that some would say were not completely accurate. Parents are helping pay for their children’s education which is just ridiculous. The problem with today’s generation is they feel entitled to get ‘free’ education when really they should be working for education.
The main issue with colleges and universities are the amount of tuition and fees and the fact they keep going up but the cost of living is not moving at a quicker rate also with no wage increase to follow. Back in 1965 Lyndon B. Johnson’s “Great Society” was the work horse for the GSL- Guaranteed Student Loan. In the beginning the issued amount was on $12 billion from 1965-1978 and in 1990 it was $15-20 billion a year whereas todays numbers are at $40 billion plus. Tuition and fees are rapidly increasing from $924 in 1976 to over $6,000 in 2002 for colleges and Ivies. Now the private schools are just down right stupid with the increase of tuition and fees from 1976 to present it has increased from $3K to over $22K. Parents these days should not have to get loans for an education that they are not receiving. There are programs like the Pell Grant, Stafford Loan and if you are in the National Guard there is the state tuition waver. In short the funding system has skewed the scales of equal opportunity.
Next is the debt and how it is no joke…

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