Education Inflation (Halle)

5/2/2024

This next summer will be the first year of our college, as we jump into this stage, student debt follows. Which got me thinking of the prices, I had recently heard about people’s loans getting forgiven, this is of course middle aged people that have had debt for ten or more years. College is expensive and this is something that we all know, yet currently college is more expensive than ever. The average debt ranges from 30,000 to 100,000 dollars over four years, depending on in state or out of state tuition. Skyrocketing prices such as these are becoming unmanageable, the question is; should self-sufficient millennials and gen-xers have their student debts covered, or should incoming students have lower costs because of higher government aid?

This may already be in action, but this topic puts into question why the government is not offering nearly as much aid to younger students compared to established adults. Now, I am not necessarily claiming that aid should not be offered to older generations, however, they are getting up to $10,000 dollars covered. Considering this, should students seeking secondary education receive more funding and grants? Or would that be unnecessary?

7 Comments

Sidney

5/5/2024 05:29:46 pm

I understand that college is very expensive, as I am working through those numbers currently, but I do not believe those prices are going to be changed anytime soon. There truly isn’t a great way to solve this. If we were to get more aid from the government, that would increase taxes for people. Also, there are so many grants/scholarships, and different opportunities to make money. I believe the prices are outrageous, however, I do think it should teach people how to be hardworking individuals. Learning how to work for what you want or need is not a common concept anymore, as many are perfectly fine not doing anything. In my opinion, if people want to decrease the amount of college funds they have to pay for, then they can work hard on scholarships and their own jobs to do so.

Shaylee

5/6/2024 11:58:45 am

I agree with you on the fact that hard work will get one through college. There are smart ways to spend and save money. And even more foundations or companies are giving more scholarships that can help. Inflation is crazy right now and it will take time for it to be reasonable again, but I don't think rising taxes in the way to solve it.

Zackeryah Schwartz

5/5/2024 08:00:44 pm

While yes college is expensive the prices aren't going to go down anytime soon with inflation hitting us every week. However when people mention scholarship opportunities they fail to realize that it's not that simple. Personally I have not had a hard time qualifying for scholarships with my GPA, but it's not the same for everyone, especially when the high ticket scholarships are for kids with a 4.0. I think there should be more scholarship opportunities for those who maybe didn't too well in school, a main reason being those under the poverty line typically have lower grades overall, meaning they can't afford the price of college without help that they might not qualify for.

Sidney

5/5/2024 08:52:30 pm

I agree with this, however, people who live in poverty and do not have a high income are more likely to have access to money than others. Colleges help those with little money a lot more than some realize.

Shaylee

5/6/2024 12:01:26 pm

Yes, those who have not the best GPA struggle with scholarships. If there were more opportunities for scholarships, then maybe those who never thought college would be possible, have the opportunity to continue their education.

Shaylee

5/5/2024 08:41:50 pm

Looking into my future, my bank account looks a little scarce to all the payments I'm going to have to be making. And that scares me. With that, I have been working jobs and will continue to do so over the summer. And with the money I don't make I hope to through scholarships. Now I wish that things aren't as expensive and that the prices match what they did when my parents or even grandparents went to college, but that's not possible for the way society is. Society is trying to balance itself out with paying back people's debt and giving out more scholarships. But honestly, I just see college as a time of dedication and hard work. I know people who have fully gone to the four years of college, gotten their degree and paid back their school debt. I know that it will be a challenge and that there will be times to struggle with money, but it will round itself out in the end.

Sidneh

5/5/2024 08:55:20 pm

I too know people that have paid off their student debt as well. It eventually comes down to hard work. Once I am out of college, I will make sure it is in my monthly bills to continue paying off my schooling. I am just thankful for the opportunity to go to school and get a higher education.

Education Inflation (Halle)

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