Empfohlen
Weitere ähnliche Inhalte
Was ist angesagt?
Was ist angesagt? (18)
Andere mochten auch
Ähnlich wie Rising costs of college
Ähnlich wie Rising costs of college (11)
Kürzlich hochgeladen
Kürzlich hochgeladen (20)
Rising costs of college
- 1. Should Government Control The rising costs of a college Education? By: Desiree Joy Image Source: http://www.geteducated.com/cutting-online-university-cost
- 2. T O D A Y
- 3. Unsustainable - The Bubble Effect http://money.cnn.com/2011/06/13/news/economy/college_tuition_middle_class/index.htm
- 4. http://www.huffingtonpost.com/2012/08/15/cost-of-college-degree-increase-12-fold-1120-percent-bloomberg_n_1783700.html Cost Of College Degree In U.S. Has Increased 1,120 Percent In 30 Years According to Huff Post College edition 8.2012
- 5. Generation Z (AKA Silent Generation) http://www.politico.com/news/stories/1211/69540_Page2.html My son - Expected College Graduation Yr. 2026 expected Cost according to MEFA.org for a private college $103,000.00
- 7. With More Student Loan Debt Comes: A) Less Money to Finance a Home B) Less money to spend (Slowing economy) C) Less money to save (Less money for retirement planning)
- 8. Evils of Student Loan Debt •UNFORGIVEABLEUNFORGIVEABLE -- We can forgive people going out and spendingWe can forgive people going out and spending thousands in vacations and “junk” but we cannot forgive those getting anthousands in vacations and “junk” but we cannot forgive those getting an educationeducation (EVEN OUR VETS WHO PUT THEIR LIVES AT STAKE FOR OUR(EVEN OUR VETS WHO PUT THEIR LIVES AT STAKE FOR OUR FREEDOM)FREEDOM) • DEBT COLLECTION -DEBT COLLECTION - Creditors will call you .... more than any ofCreditors will call you .... more than any of your friends. They will prey on you like vulturesyour friends. They will prey on you like vultures • DOUBLE YOUR INTEREST RATE -DOUBLE YOUR INTEREST RATE - ((why?????)why?????) Because they can...Because they can...
- 9. What you can do: Mychal Smith reminded us that just last year in his State of the Union, President Obama proclaimed, "No one should go broke because they chose to go to college.” He called for student loans to be forgiven after 20 years—10 for those who go into public service—and a $10,000 tax credit for families paying for a four-year college. http://www.alternet.org/story/152477/is_the_near-trillion-dollar_student_loan_bubble_about_to_pop?page=0%2C4&paging=off
- 10. Solutions:
- 11. Several schools are responding by refusing to raise tuition. Public schools in Arizona and Texas recently decided to freeze in-state tuition, as did many private schools across the country. Among the private schools that froze tuition last fall are Burlington College in Burlington, Vt., Ancilla College in Donaldson, Ind., Tabor College in Hillsboro, Kan. and Franklin Pierce University in Rindge, N.H. What Can Schools Do: According to acticle published in Diverse http://diverseeducation.com/article/53060/#
- 12. What you can do: Be a Catalyst for Change - Vote for Controls on College Costs - Hold our politicians accountable - Vote responsibly As a Consumer - Make wise decisions - Research your college, your loan options and utilize tuition reimbursement. If you have kids - Save early.
- 13. Works Cited Censky, Annalyn Surging college costs price out middle class CNN Money June 13, 2011 http://money.cnn.com/2011/06/13/news/economy/college_tuition_middle_class/index.htm Chany A. Kalman and Geoff Martz, Paying For College Without Going Broke, New York: 2009 Print The College Board 2011 Getting Financial Aid, 5th Edition , page 5 New York Macmillan Print Ellis, Blake “College of 2013 Grads Average $35,200 in student loan debt May 17, 2013 web http://money.cnn.com/2013/05/17/pf/college/student-debt/index.htm Evans, Jasmine Exorbitant education, Diverse Issues in Higher Education May 2, 2013 web http://diverseeducation.com/article/53060/ Hacker, Andrew “Room for Debate” Control Costs and you will control the problem www.nytimes.com web Huff Post College, “Cost Of College Degree In U.S. Has Increased 1,120 Percent In 30 Years” August 15,2013 http://www.huffingtonpost.com/2012/08/15/cost-of-college-degree-increase-12-fold-1120- percent-bloomberg_n_1783700.html Jaffe, Sarah Alternet “Is the Near Trillion Dollar Student Loan Bubble About to Pop” http://www.alternet.org/story/152477/is_the_near-trillion-dollar_student_loan_bubble_about_to_pop? page=0%2C4&paging=off web Tanabe, Gen and Kelly 501 Ways for Adult Students to Pay for College. 3rd Edition pg pg.168 Belmont CA: Supercollege, LLC 2009 Print
Hinweis der Redaktion
- Prices of a college education are sky rocketing through the roof. They are rising faster than the costs of housing, healthcare and inflation. The average student graduating in 2013 is estimated to have $35,000 in student debt according to CNN money. As a financial counselor I have helped families put together a plan to help their children pay for college. As a parent of a 8 and a 6 yr old I also have a personal stake on preparing to help fund 2 college educations in the near future.
- According to Huffington Post the cost of a private college today is $168,000. How would you feel if your child graduates in 10 years and is faced with a bill of $200,000 to $300,000. As a college student myself I understand your frustration. A college degree is the key to a bright future. According to the US college board a college degree will earn you on average a million dollars more in earnings than a HS Diploma.
- We are playing with our next financial bubble - the student loan bubble and it is about to POP!!!!
- A. College students are now “underwater” on their loans.
- The need for change is now so that future generations are not robbed of their opportunity for an education. Generation Z children born between 1995-2012 are in for sticker shock. An example reported by the philadelphia inquirer reported that Temple University had raised tuition every year since 1995.
- B. Have the Colleges set their own controls, by decreasing other costs they can control tuition increases while still letting the student receive a good education. Some colleges have already done so. Examples from all over the country, Franklin Pierce College in New Hampshire, VT, Arizona and Texas. These are model examples of what colleges can do on their own. If you are an in state student this would make an attractive choice to someone making a decision. (According to Article in Diverse – Higher Education Issues)
- A. Having controls in place will enable US students to help the US economy and contribute to the health of our nation. We wont have to worry about falling behind to other countries when it comes to our educations. We will be able to keep jobs in the US and not have to outsource jobs. It is a win for the employers and a win for the employees.