Is there any backstory to it? Or is it just Capitalism. —————————
- Conjured by Harrison Hurst
People don’t usually think about the consequences about college after their turn is up. College is draining money from students, but why is that? At the year 2000, an average amount of money for a four year college’s intuition and fees was around 12 thousand for a public *, an private was around 31 Thousand *, over the course of 26 years, the average has gone to around 31 thousand for public colleges **, and exceeding 45 thousand for a private **. That’s almost a 62% increase on public schooling alone.
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So whats the reason?
Most people point would point towards inflation, teacher deficits, etc. However, post 2020 the inflation of College tuition has slowed down, while there’s a smaller group of college teachers, they’re rather over influx of elementary school teachers of a 1-2 ***. But that still doesn’t make sense for the over influx of money that’s being taken from the pockets of a student during college.
The main reason for the issue is a loss of funding from federal sources like the government or state governments, and lack of transparency between the student and the college ****. Given this, most students don’t realize the amount of money that college is really worth until its too late, and whats worse, is that some students require loans that drag out the money between the two for longer than what they actually bought for, due to miss leading percentages from loans, and inexperienced kids who have no idea what they’re doing, some loans can increase due to the percentage from the original price.
While some people would say that “They should just learn how to not screw up” college students are still mostly kids, or adults who just got into their field and have little to no idea how the world works, which is why some banks pray on incompetent students who sign their pay away to a loan that will last them years. Which causes some students to mortgage cars, houses, etc.
So what do we do about this?
While there isn’t any short term solution to the problem, as inflation, world politics, etc. continuously change the world around to the point where we have no clue on what will happen next, the long term solutions are a variety from person to person, the best solution is to get either state governments to allow for federal spending to colleges, and maybe other schools across their state, a more important/long lasting term is to make it to federal governments, (aka : The White House) and pass a bill for large money to go into school systems. Either way, the best solution is to allow for government spending.
Sources.
- https://educationdata.org/average-cost-of-college-by-year#:~:text=Table_title:%20Average%20Cost%20of%20College%20by%20Year,Public%20$3%2C229%20%7C%20Private:%20Private%20$13%2C973%20%7C *
- https://educationdata.org/average-cost-of-college **
- https://datausa.io/profile/cip/elementary-education-teaching#:~:text=The%20number%20of%20Education%20graduates%20in%20the,share%20of%20the%20total%20number%20of%20graduates. ***
- https://www.watermarkinsights.com/resources/blog/what-is-contributing-to-rising-college-costs/ ****
