Should Government Control The rising costs of a college Education?

By: Desiree JoyImage Source:http://www.geteducated.com/cutting-online-university-cost

TODAY

Unsustainable - The Bubble Effect

http://money.cnn.com/2011/06/13/news/economy/college_tuition_middle_class/index.htm

http://www.huffingtonpost.com/2012/08/15/cost-of-college-degree-increase-12-fold-1120-percent-bloomberg_n_1783700.html

Cost Of College Degree In U.S. Has Increased 1,120 Percent In 30 Years

According to Huff Post College edition 8.2012

Generation Z (AKA Silent

Generation)

http://www.politico.com/news/stories/1211/69540_Page2.html

My son - Expected College Graduation Yr.

2026 expected Cost according to MEFA.org for a private college

$103,000.00

younginvincibles.org 

With More Student Loan Debt Comes: A) Less Money to Finance a Home B) Less money to spend (Slowing economy)

C) Less money to save (Less money for retirement planning)

Evils of Student Loan Debt

Evils of Student Loan Debt

•UNFORGIVEABLE UNFORGIVEABLE - - We can forgive people going out and We can forgive people going out and spending thousands in vacations and “junk” but we cannot forgive spending thousands in vacations and “junk” but we cannot forgive

those getting an education those getting an education (EVEN OUR VETS WHO PUT THEIR LIVES AT STAKE FOR OUR (EVEN OUR VETS WHO PUT THEIR LIVES AT STAKE FOR OUR

FREEDOM)FREEDOM)

• DEBT COLLECTION -DEBT COLLECTION - Creditors will call you .... more than Creditors will call you .... more than any of your friends. They will prey on you like vulturesany of your friends. They will prey on you like vultures

• DOUBLE YOUR INTEREST RATE -DOUBLE YOUR INTEREST RATE - ( (why?????) why?????) Because they can...Because they can...

What you can do:

Mychal Smith reminded us that just last year in his State of the Union, President Obama proclaimed, "No one should go broke because they chose to go to college.” He called for student loans to be forgiven after 20 years—10 for those who go into public

service—and a $10,000 tax credit for families paying for a four-year college.

http://www.alternet.org/story/152477/is_the_near-trillion-dollar_student_loan_bubble_about_to_pop?page=0%2C4&paging=off

Solutions:

Several schools are responding by refusing to raise tuition. Public schools in Arizona and Texas recently decided to freeze in-state tuition, as did many private schools

across the country. Among the private schools that froze tuition last fall are Burlington College in Burlington, Vt., Ancilla College in Donaldson, Ind., Tabor

College in Hillsboro, Kan. and Franklin Pierce University in Rindge, N.H.

What Can Schools Do:

According to acticle published in Diverse http://diverseeducation.com/article/53060/#

What you can do:

Be a Catalyst for Change - Vote for Controls on College Costs -

Hold our politicians accountable - Vote responsibly

As a Consumer - Make wise decisions - Research your college, your loan options and utilize tuition

reimbursement.

If you have kids - Save early.

Works CitedCensky, Annalyn Surging college costs price out middle class CNN Money June 13, 2011http://money.cnn.com/2011/06/13/news/economy/college_tuition_middle_class/index.htm

Chany A. Kalman and Geoff Martz, Paying For College Without Going Broke, New York: 2009 Print

The College Board 2011 Getting Financial Aid, 5th Edition , page 5 New York Macmillan Print

Ellis, Blake “College of 2013 Grads Average $35,200 in student loan debt May 17, 2013 web http://money.cnn.com/2013/05/17/pf/college/student-debt/index.htm

Evans, Jasmine Exorbitant education, Diverse Issues in Higher Education May 2, 2013 webhttp://diverseeducation.com/article/53060/

Hacker, Andrew “Room for Debate” Control Costs and you will control the problem www.nytimes.com web

Huff Post College, “Cost Of College Degree In U.S. Has Increased 1,120 Percent In 30 Years” August 15,2013 http://www.huffingtonpost.com/2012/08/15/cost-of-college-degree-increase-12-fold-1120-percent-bloomberg_n_1783700.html

Jaffe, Sarah Alternet “Is the Near Trillion Dollar Student Loan Bubble About to Pop” http://www.alternet.org/story/152477/is_the_near-trillion-dollar_student_loan_bubble_about_to_pop?page=0%2C4&paging=off web

Tanabe, Gen and Kelly 501 Ways for Adult Students to Pay for College. 3rd Edition pg pg.168 Belmont CA: Supercollege, LLC 2009 Print