Wednesday, May 6, 2015

Should college be free for everyone?

Here's a youtube video asking this very question:


Here it is on youtube

This looks at both sides of the debate on President Obama's free college proposal. Here's a recap:
-the critics ask if it really does boost the economy, since we're already in debt, and what are the actual effects of this proposal passing.
-the White House says that higher education is the best way to climb the socioeconomic ladder and that this proposal is a great way for low income students to break into the middle class and thus creating a growth is the middle class that could potentially fix the economy.
-both sides of the isle agree that higher education is directly related to a boost in the economy 
-other studies show that other things are more important such as good health
-President Obama wants to lower the student debt so college graduates have more spending power (I explain the never ending cycle that negatively impacts our economy here)
-Germany, Norway, Sweden, and Finland are countries that already have a similar system and their economies are thriving
-the GDP is high and unemployment rates are low
-on the other side of that the World's Most Expensive Universities in the US and UK (Harvard, Oxford, etc.) dominate the Top 10 sports as the best universities.

I found this video to be more of an informative video as it did not choose a side on whether a college education should be free or not. It did however say that a college education is a very good idea because it can lead to better health, a longer life, a higher salary and a lower unemployment rate. If you choose to have children after you obtain a higher education, your children are more likely to have better health, cognitive abilities, academic achievement, and they have a lower chance of experience poverty. This video also mentions the fact that the current student loan debt totals more than $1 trillion and the average college graduate borrows $29,000. This is comparable to another study done UniversityNow that found:

This was taken from UniversityNow's website. I highly recommend checking their website out (link above) and read about the work they're doing make higher education obtainable by every person in America.

As you can see in this study, they found that 66% of college students graduated in debt and the average debt found was $25,000. This is shows what 66% of the United States looks like and they also compared the average debt to buying a new fridge and a new car. Those two purchases together equal the amount of student debt. This is absolutely ridiculous and I think that we are asking too much of our college graduates to start making payments for their college (that are comparable to that of a car payment) just six months after they graduate.

Read my next post to find out how other countries do it and how I want America to fix this obvious travesty of justice.

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