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Published by Hilary Cairns November 1, Last updated by Ellen Andersen November 27, Flickr user Nick Olejniczak One of the center-stage issues of the presidential political season concerned the affordability of college education.
As with any political or financial issue, there are pros and cons to it. More Lower-Income Students Might Reach Graduation Some students drop out because they do not have the ability to pay for tuition all four years.
Making college tuition free would eliminate this reason for not graduating. The short and simple answer is taxes. Who gets taxed seems to vary based on who is talking, but it seems certain that the upper echelons of American society will see increased taxes if this passes.
There is a likelihood that it will increase the upper middle-class as well. Or maybe it will all come from Wall Street speculation taxes. The point is, all we know is that someone will pay these dues Pros and cons essay format taxes, and the uncertainty of who will carry the burden is not making many Americans comfortable.
However, students from other countries that have tuition free college have that luxury; most of their loans come from living expenses and books.
Without the weight of student loan debt, more college graduates might buy houses rather than renting apartments. They might buy cars, spend more on healthy food, travel more: In essence, they could contribute more to the economy.
College loans are often the first major financial dealing that people work with. Paying them off in a timely manner proves you know how to budget your money, skills people use again and again when buying cars or houses.
Interest and enjoyment from a field of study goes a long way in helping students stick with it and avoid burning out. College Might Not Seem As Important If higher education at public schools becomes free, it might appear to devalue a college diploma.
The current price of college drives students to complete their schooling as quickly as possible so as to reduce debt.
Without that financial drive, we might see more laziness and lackadaisical behavior from our students. More People Would Go to College By negating the large bill of a college educationwe could see an increase in the amount of students able to attend college.
This then creates a more well-educated workforce and a population that has better critical thinking skills. This could lead to more innovation in all areas of society. Either more money would have to be given to the schools, or they would have to create waitlists.
This means that the taxes for education-related purposes might go up, or funding for something else such as military expenditures might be diverted to pay the influx of fees. In addition to this, the large amount of graduates might oversaturate some areas of the workforce, leaving even more people with degrees working jobs that they are overqualified for.
What About Private Institutions? If all public colleges and universities are made tuition free, we could see the decline of private schools. Since these schools rely on tuition, endowments, and alumni donations for a good portion of their funding, competing with free public schools could force many private schools to close.
This would reduce the amounts of job opportunities for professors and could result in the death of many fantastic programs. As of right now, tuition is still very much a reality many college-seekers have to face.
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