Friday, April 9, 2010

Debt=Unreal


In today’s world education is not a cheap commodity. The average cost of a private, four year university is $26,273 and the average cost of a four year, public university is $7,020 (that’s in state). These high prices leave almost 60% of all college students in an average debt of $22,700. In today’s economy the ability to pay this back has diminished. Most people go into college planning to get a job straight out of college, work to pay their debts and continue with their life. The high price tag for college and the economy has left students pondering what to do next. People who need graduate degrees to pursue their careers are left with even darker situation. They could plan to work a couple of years to pay off some of their undergraduate debt but what if that does not pan out? Lawyers, doctors, and veterinarians average a debt of $100,000 when they are through their education. These jobs are vital to our society and these large amounts of debt will scare many people away from trying to pursuit these careers. College is supposed to be a foundation for the young people in our country to be able to grow and help the society and the economy. By charging high costs we are limiting who can go to college and how someone can move on from college on the right foot. Colleges are constantly paying to upgrade their facilities and buildings to try to be the best in the nation and constant increase in the payment of instructional faculty are reasons for these prices. As the percentage of kids who attend college is on the rise you can only expect the cost of college to be on the rise.

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