Lowering the Price of College

Chanse Steinert

Mr. Reuter

Econ

B2

Lowering the Price of College

With many of us graduating high school, we take into consideration our post high school plans; many of those plans involve picking out and attending a college in the fall. Most of the time people don’t know how they will pay back or how long it will take to pay back the debt they owe. A lot of times students find themselves asking why isn’t college free, and the answer is the government can’t afford it, so that would leave the taxpayers.

The average student loans are around 33,000$, that is a ton of money, but paying 347.74$ a month with an interest rate of 6%, it can be payed off in 10 years and 9 months. That is a very long time, but the cost does vary depending on what the major is. If student textbooks weren’t so much money, we could all save a lot. Spending about 400-500 hundred dollars on a textbook many will only use once or twice is crazy. College is very important for many people, but the cost is just way too much money for some. College should not be free by any means, but it should be cheaper than what it is, the cure for cancer could be in the mind of someone who can’t afford the costs of college, that sounds dumb but sadly it is a very true fact.

Many schools spend too much money on administration and not enough on academics, the cost of college education generally always rises faster than inflation.

With the college rates going up more and more people won’t be able to afford to go to college. Yes scholarships are around, but they only go so far in one’s career. Let’s say you wanted to do something in the medical field, you’d be in school for 11 years; the debt from those 11 years would be about 166,750 dollars of debt, in the real world no one can afford that. No matter how hard anyone tries, no one can afford that much money. Med students start making money after their internship of 3 years. So many people have the knowledge of Becoming a doctor, but it is very expensive and not many have the money for it right away.

Many people who start college, pick the career they can afford. We need people for everything, but what’s the  Point of doing something you're not in love with because you simply can't afford it. This is why college prices need to be lowered, College should not be free by any means but it does need to be cheaper for those who can't afford it.

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