...A post-secondary education or degree has become essential in today’s society. Many students in the United States tend to focus on their studies and work hard to receive good grades. Most importantly, the financing of most student’s post-secondary education tuition has become difficult in today’s economy due to the costs. According to American Progress, “a recent study by Georgetown University’s Center on education and workforce found that at current levels of production, the U.S. economy will have a shortfall of five million college-educated workers by 2020.” (Bergeron & Martin). This shows that the cost expense of college causes five million college educated workers to decrease. Five million people who do not have a post-secondary degree due...
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...Cost of Post-Secondary Education Today, it is common knowledge that pursuing a post-secondary education can cost students a small fortune. Consequently, a growing number of prospective attendees are discouraged from enrolling in college and university. Additional restraints include pressures caused by the application process itself, as well as program requirements. When the average cost of a since year is approximately $14,500. Ultimately, it is no wonder that so many people face a major dilemma. The high cost of post-secondary education is especially a problem for under-privileged groups, as it causes extreme levels of financial stress for those who do attend. Most parents encourage their children to attend post-secondary school, which may or may not be linked to family history at certain schools. Various studies have examined the relationship between parents’ schooling and students’ post-secondary participation. For instance, the chart titled, “Proportion of Young Adults Who Pursue College and University Studies By Parental Education Attainment”, illustrates 2005 data gathered by Statistics Canada, which reveals that the majority of students who went to college had parents with college credentials (40%), others had parents with only a high school education (36%) or a university degree (31%) (Canadian Council on Learning). Figures are different for university students, since as much as half (50%) had parents with university credentials, 27% with a college education...
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...behavior and patterns. Various economic indicators are released daily, weekly, monthly and/or quarterly which can result in an enormous amount of data to go through. Post-Secondary colleges and universities rather than wade through all data reports and economic indicators can select a few macroeconomic indicators to assist in meeting the challenges of the market to provide a quality and competitively priced education. Significant indicators used in this paper to aid in the decision making process for sustainability and growth for post-secondary education are inflation, the unemployment rate, interest rates and consumer confidence. This topic is of interest because for the past 35 years holding a four-year college degree has given workers a distinct advantage in the U.S. labor market. There is usually a large wage gap between college-educated working adults and those with high school degrees. With technological advances in the workplace and a growing reliance on computers, skilled workers are needed to apply for these technological positions. However, based on new trends the U.S. labor market now favors workers who hold a graduate degree (Valletta, 2015). It is because of these new trends we want to focus on the need for quality education and economic factors that will influence it. Economic Indicators & Post-Secondary Education Introduction Macroeconomic indicators are tools used by organizations and their leaders to help make decisions concerning the welfare, stability...
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...Strategies For Controlling Student Debt Jarett Lopez - 6385761 Dr. E. Bailey ENG 1100F October 5, 2011 Strategies for controlling student debt For those who attend college or university in Canada today, debt is inevitable. Many factors can contribute to this fact; the consistent rising of tuition costs, the marginal average income increase of middle-class families, perpetually rising interest rates, but most importantly, the lack of student debt relief knowledge. The Canadian Federation of Students has an ongoing debt clock which reflects the Canadian student loan debt of over 13.9 billion dollars, with an average debt per student upon graduation of approximately 25,000 dollars. This shouldn’t be surprising, knowing that since 1990, the average net income of middle-class families in Ontario has risen only 12.5 percent, all the while, tuition costs have risen from 2,500 dollars per year, to 6,500 dollars, an increase of an astounding 260 percent. This trend of rising tuition costs is consistent throughout the majority of Canadian provinces. Today’s Canadian post-secondary students are capable of controlling their debts, provided, they decrease their loans by minimizing their school fees and costs of living through being resourceful and staying informed. By being accepted to a post secondary institution, students have demonstrated that they have the intelligence and knowledge to succeed in their studies. Staying at university or college, however, takes more...
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...Education Reform Jatin Patel December 10th, 2012 Statement of Issue How can the federal government decrease student loan debt in the country and still provide an education to those whom want to seek it? Every summer millions of college students throughout the nation depend on Federal Financial Aid to help pay for school. In the midst of the election season the Republican candidate, Mitt Romney, voiced how he wants to end government funding. Currently, the nation provides direct government funding and Governor Romney is in favor of giving private banks and institutions the responsibility to provide student loans to those in need. Many people are deeply concerned with the issue at hand. Private Institutions vs. Government Disbursement The educational reform is a debate that is widely argued between the two presidential candidates. The current system of how student loans are disbursed in the United States is not perfect, but it is working. Both candidates are in favor of receiving higher education, but differ on how individuals should pay to learn. Throughout the presidential debates both candidates took a firm stand as to where they both stand on the topic of student loans and government funding. College tuition costs are increasing at a rapidly linear rate each and every year. The problem is college students today are taking on the burden of steep student loans and left without a job upon graduation. The average annual cost to attend a four-year institution is roughly $35...
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...disjunction of college tuition cost and its behavior compared to other sector of economy. College costs continue to rise during a recession and a bear market, while still rising during a bull market. According to William Bowen, president of the Andrew W. Mellon Foundation, the fact that tuition has raised faster than inflation during the past thirty years can be attributed to the educational process (Bowen 34). The educational process, does not permit academia to share in the productivity gains that caused earnings growth in the rest of the society (Bowen 34). Academic institutions attempt to be their best in every aspect to attract more business. They aggressively seek funding sources from sectors...
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...regulation that I am choosing for my proposal is the Office of The Post-Secondary Department of Education. In regards to Student Loans. This agency and my proposed regulation affect me because I have taken out loans for my education and haven’t been able to pay them because of economic hardship. 2. The proposal is to form a negotiation rule making committee to create a proposal of regulations governing the student loans authorized under the Title IV of the Higher Education Act of 1965 (HEA). The committee will involve agencies and students that are affected by the matters proposed for negotiations. For example: students, financial aid administrators, legal assistance organizations that represent students, office of the Bursar at post-secondary schools, etc. will be the targeted representatives for negotiation committee. 3. I am Zudaydah Rivera. I am currently a student at Keller Graduate School of Management. I had to take out a second loan to pay for my education. The first loan I took out was for my BA in Criminal Justice while attending Kean University. I am currently in deferment for the loan I had for Kean University. Ever since I obtained my BA in 2006, I haven’t been able to find a career. I have been working for temp agencies off and on to make ends meet. The fact that I am a college educated person in need of a career means nothing to the employers I am trying to target. It is hard to pay my loan back if I don’t have a career. I have two children, rent to pay,...
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...Illegal and Unethical Behavior in Corinthian Colleges, Inc. Benancio Varela benancio.varela@yahoo.com GM 591 Leadership and Organizational Behavior Professor Horst August 10, 2011 Introduction Corinthian Colleges, Inc., (CCi) by way of more than 102,000 students enrolled as of March 31, 2011, is one of the leading post-secondary education companies in North America. Their duty is to change students' lives. They present diploma and degree programs that prepare students intended for careers in demand or for advancement in their chosen fields. The corporation operates 105 schools in 25 states and 17 schools in Canada. CCi has 122 Everest, Heald and WyoTech campuses nationwide. CCi serves the great and growing segment of the population seeking to acquire career-oriented education. They propose programs in areas that include health care, business, criminal justice, transportation technology and maintenance, construction trades and information technology. CCi in addition offers students the chance to take classes online through Everest College in Phoenix and Everest University in Florida. Their business was founded in 1995 and they completed an preliminary public offering in 1999. Historically, CCi has developed through acquisitions as well as through organic growth. Organic growth consists of opening new division campuses, remodeling, escalating or relocating existing campuses and adopting curricula into existing colleges. As of December 31, 2010, they had roughly 17...
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...Financial Statements of THE ALGONQUIN COLLEGE OF APPLIED ARTS AND TECHNOLOGY Year ended March 31, 2005 THE ALGONQUIN COLLEGE OF APPLIED ARTS AND TECHNOLOGY Financial Statements and Supplementary Schedules Year ended March 31, 2005 Auditors’ Report Statement of Financial Position.....................................................................................................2 Statement of Operations ...............................................................................................................3 Statement of Changes in Net Assets ............................................................................................4 Statement of Cash Flows ..............................................................................................................5 Notes to Financial Statements ......................................................................................................6 Supplementary Schedules Schedule A - Revenue ..........................................................................................................24 Schedule B - Academic Expenditures ..................................................................................25 Schedule C - Educational Resources Expenditures .............................................................25 Schedule D - Student Services Expenditures.......................................................................26 Schedule E - Administrative Expenditures...............................
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...Essay #1: College Tuition Education is a very important resource to people of all races, origins and religions. The U.S. government should pay for two years of college tuition for every U.S. Citizen who graduates from an American High School to show how education in the United States has a high impact on the job market. At this current time it is imperative for parents to ensure their children are prepared for the reality ahead. The U.S. government currently funds many different programs to help those in need of resources for shelter and a means of helping to care for families, but there is not much help available in terms of education. Although America is a free country and the government is far more lenient than other countries, the education system has fallen below the mark according to the National Educational Agency, and this matter needs to be brought to the forefront. Our American high school students are suffering and depending on the wrong type of government assistance to help maintain everyday life standards and adding to the high school drop-out rates in record highs. Currently, the government funds programs from the federal, state and local levels for high school education only. The government has separated post-secondary education to rely on student loans from lending institutions along with scholarships to help with the cost of post-secondary education. However, the funds allocated for some of these programs to help keep the American high school students in school...
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...EDUCATIONAL LOAN SCHEME FOR PURSUING HIGER EDUCATION IN INDIA AND ABROAD 1. INTRODUCTION: Education is central to the human resources development and empowerment in any country. National and State level policies are framed to ensure that this basic need of the population is met through appropriate public and private sector initiatives. While government endeavour to provide primary education to all on a universal basis, public funding of higher education is not considered feasible. Cost of education has been going up in recent times and since the student has to bear most of the cost, there is a clear case for institutional funding in this area. This model education loan scheme is an attempt to bring out a viable and sustainable bank loan scheme to meet the aspirations of our society. Knowledge and information would be the driving force for economic growth in the coming years. The current rate of economic growth of the country demands technically and professionally trained man power in large numbers. In this backdrop, loans for education is seen as investments for economic development and prosperity. The model Education Loan Scheme was developed by the Indian Banks’ Association to help meritorious students pursue higher education in technical and professional courses. As the focus is on development of human capital, repayment of the loan is expected to come from future earnings of the student after completion of education. Hence the assessment of the loan will be...
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...attending college, earning a degree, having a successful career, and a excellent lifestyle; however, for most Americans, this dream seems almost impossible. Because Americans have not received enlightened education about financial responsibility, students are taking out large loans to pay for their education, unaware of what is ahead of them. The cost of higher education is driving Americans into debt. Financial classes should be available in all high schools, in order to best assist and guide all students in upcoming situations. Taking a better look into this idea, there are no financial advice classes in high school to help students; in fact most students have to way until they make it to college, to have access to those classes, that is if they even take it at all. Expert argues that “high school students should be required to take courses in economics and personal finance” (Young people in debt). When it comes to paying for college, not everyone is ready or is eligible for financial aid. According to FAFSA to be eligible to receive federal student aid, students or their guardian must be a U.S citizen, have a high school diploma or GED, maintain...
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...is decreasing among young graduates is that they have difficulty obtaining mortgages. Because of student loan debt and mortgage regulations, many young adults are unable to qualify for a mortgage. They cannot meet debt to income ratio or they are not able to save the required down payment. (Valenti, et al.). In the past, carrying student loan debt was not quite as burdensome as it is today. It used to help a young person obtain a mortgage and improve their credit score. However, following the recession this changed. Regulations are stricter when a person goes to finance a house and many do not qualify (Norris B1). Overall, fewer young adults have purchased homes since...
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... Thousands of students go away to school after they graduate from high school, and they will spend several years after graduating from college paying for it. College and university costs for tuition, living costs, and a social life adds up fast. The University of California at Davis annual tuition costs well over $14,000. Sacramento State University annual tuition is $11,000. Stanford University for a year costs well over $30,000. Harvard University’s annual costs for living and education is well over $41,000. Many colleges cost so much for students to live and go to school that after they graduate they will still be paying for their school for several more years. Student loans totaling well over $200,000 because of interest and the high cost of an education in today’s world. I’m interested in this topic because I can relate to it and so many of my own friends are in this same situation in different stages though. $200,000 could buy a lot of different things from a nice sports car or a house. It is ridiculous for college to cost that much money. Where does all the money go any way? How much do these college professors make in a year? Why does a college education have to cost so much money on average? Textbooks, toiletries, food, bills, social life, and independent life costs money. Life costs money. College professors don’t make as much money as they should by teaching college students. What I hope to accomplish from this whole project: How much a college education costs...
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...Soyeon Oh College English 1110-04 Professor MimiVan Ausdall April 10, 2013 The College Dilemma In the U.S., having a college degree is the most important qualification for getting a skilled job position. Many young people want this kind of position because it is usually higher paying. Employers expect candidates to have at least a Bachelor’s Degree for any entry-level position, but the cost of tuition today is the highest ever. In the past, recent college graduates generally had an easy transition from school to starting a full time job. Today there are fewer jobs and more college graduates competing for those jobs. According to a USA Today article, “half of new graduates were jobless or underemployed in 2012” (USA). Because of this, university tuition should be lowered and student financial aid increased so that young people are not burdened with huge debt. The number of people who want to get a college degree is higher and higher every year. According to the National Panel Report, 75% of high school kids answered that they want to go to college right after graduating high school. It’s not only for high school kids, but also adults who want to go back to school to get a degree to continue their professional development (We). They expect to get a job with better benefits from getting a degree. Some students would say that they want to go to college for more education, but most students want to go because it will help them to get a job in the future. They realize that...
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