Every year in the U.S., two-thirds of the classes that complete their high school enroll in their high school. They enroll for education and believe they will have a better future. In theory, it should. The harsh reality, however, is that these students are entering one of the most expensive higher education systems in the world. Most of them will not be able to afford it. Many will leave with an overwhelming debt, and even more will not be able to pay until the end.
10. The cost of tuition has doubled
In 1975, one-year study at a public university was $ 510 - or, adjusted for inflation, $ 2,500. In many countries, this is a normal value for up to one year after high school, but not in the United States. Over the past 35 years, the average tuition fee has quadrupled. This is especially bad if you want to go to an Ivy League school. The average annual bill for a top college in the United States is about $ 50,000 a year, which is equivalent to every cent the average American family earns in a year.
Here's the crazy part: they do not ask you for much because they need money. Harvard earns enough money from donations they do not need to ask for tuition to make a profit (and they do not actually pay students whose families earn less than $ 65,000 a year).
9. But government funding has increased
The government is spending more money on higher education than ever before. Today, the US government spends ten times more on secondary education than in the 1960s. The average salary for a teacher is about the same as in the 1970s, so the money is not on teachers. Instead, it goes to administration. University administration teams have grown ten times more than ten professors, so we are better entrepreneurs and we have very similar professors.
8. Lobby for private schools to maintain public schools
In the early 1900s, private Ivy League schools lobbied to keep money out of public schools. They did not want to handle the competition, and it worked. But according to these lobbyists, states without large private schools have spent far more money on public universities than on larger universities. Iowa, for example, spends 84 percent more per student than Harvard's Massachusetts. As a result, all of the best American universities in America are in states that did not have a major private school in the 1890s. There are still people trying to keep public universities low. Even the director of the Higher Education Policy Center is not funded for it. He made it clear that he called higher education "a downpour" and encouraged the government to "starve the beast".
7. College textbooks increase costs by 1,401 percent
Tuition rates are high, but the biggest increases were in textbooks. The average cost of a university textbook has risen to 1,041 percent since 1977. They will get away with it because students have no other choice. Four publishers make up 80 percent of all textbooks. Teachers, with few other options, concede this and without passing it on to students, they have to buy. On average, a student in the US will spend $ 1200 each year on textbooks and course materials. However, it is average, sometimes higher. As an extreme example, a book used in some chemistry classes costs an incredible $ 400.
6. Student loan debt now exceeds one trillion dollars
At present, Americans owe $ 1.3 billion in student loans. This is a big number, and it's just getting bigger. Most people cannot repay these loans. Half of all student loans are currently deferred or in another system to defer payments. Students are expected to double by 2025 to $ 2.5 billion. This loan will last a long time until you die. 2.2 million Americans over the age of 60 still have student loans. They also have a lot more. The average senior with debt still owes $ 19,521 on student loans, so the chances are high that they will die without paying off their financial debt.
5. You can not avoid your student loan
You can forgive almost any debt in bankruptcy court, with only a few exceptions. You will not be excluded from paying restitution for the payment of child support or from committing a crime if you file for bankruptcy, nor will you have to pay restitution for going to university. This is not always the case. In the long run, student loans can be paid in the bankruptcy court. Then, in 1976, the law changed. There was not an epidemic of people filing for bankruptcy to pay off their debts or anything; in fact, only 1 percent of student loans were granted in bankruptcy. The government was worried that people might do it somewhere in the future. While it is not entirely impossible to get rid of student debt in bankruptcy court, it is extremely difficult. You must show that your guilt is causing you "unnecessary hardship", leading to court satisfaction in a "cycle of poverty", which is not easy to do.
4. 71 percent of university students work at school
Teaching is only half the battle. If you spend most of your time in school, it's a big challenge to pay your bills day in and day out. The average college student in the U.S. has to pay an additional cost of living of $ 17,620 a year, a rate they only get by living in appalling conditions. With debt, most students do not have enough money to cover tuition, rent and food. . 71 percent of them have to work to achieve it, and they work long hours. Set more than half the clock at 20 hours per week and one at 35 full-time five hours. It is worse in graduate students. 82 percent of undergraduate students work in school and 50 percent of them have full-time jobs. So there is not enough time per day to work full time and go to school, 60 percent of all students are enrolled only. -Time. The rest struggle to balance their time and write tasks in the few free moments they do not get to work.
3. Half of all students leave
Americans have the highest dropout rate in the developed world. Nearly all U.S. college students drop out before obtaining a degree. Some of them definitely drop out because they can not get the degree, but it happens everywhere. The United States is the first place among those who have left university, because once people are in university, they realize that they cannot afford it. There are some important demographic peaks in the depletion figures. Most students whose parents cannot help pay tuition fees drop out of college. And students who have to teach part-time to be able to pay through you are more likely to go outside than any other group. The really sad part is that most people still believe they will be able to break through. Seventy percent of all American high school graduates enroll in college, and then half of them drop out.
2. The cost of education has a major impact on society
Higher education is often in the spending block, which is strange because it has a huge impact on society. Economists almost completely agree that the economy benefits from increased funding for higher education. A good example of this is Tangello Park, Florida. All graduates of Tangelo Park High School get a free trip to college. A millionaire philanthropist named Harris Rosen awards a large scholarship to every resident admitted to Florida University. It covers all your tuition, living and education costs from the first day of school up to and including the graduation ceremony. Children at Tangelo Park do not have to pay a fee to go to school. Its impact on the city is incredible. Since Harris Rosen founded his stock market, the crime rate has dropped by 63 percent. Tangalo Park High School's graduation ceremony is currently 100 percent. And the investment stops. According to a study by the University of Toronto, every dollar that Rousen invests in education yields $ 7 in the economy.
1. All attempts to solve this problem are going nowhere.
The Obama administration has introduced a bill that would allow bankrupt Americans to deal with student debt like any other debt. He also introduced a bill that would provide a free community college to anyone earning less than $ 200,000 a year. The program is expected to cost $ 6 billion a year, which is not bad at all from the $ 3.8 billion federal budget. These accounts have been set up and nothing has happened. It has been almost two years since the bankruptcy bill was proposed, and 18 months for the other one, and since then nothing has been done with the one. This means that they are not guaranteed to be very good. Only 5 percent of the accounts become legal, and that is on average within 215 days, so the accounts have a good deadline. Worse.
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