With so many dissenting opinions, it can be difficult to decide whether or not the benefits of a college degree justify the costs.
Published by Hilary Cairns September 25, Last updated by Ellen Andersen September 12, Flickr user Nick Olejniczak One of the center-stage issues of the presidential political season concerned the affordability of college education.
As with any political or financial issue, there are pros and cons to it. More Lower-Income Students Might Reach Graduation Some students drop out because they do not have the ability to pay for tuition all four years.
Making college tuition free would eliminate this reason for not graduating. The short and simple answer is taxes.
Who gets taxed seems to vary based on who is talking, but it seems certain that the upper echelons of American society will see increased taxes if this passes.
There is a likelihood that it will Benefits on college education the upper middle-class as well. Or maybe it will all come from Wall Street speculation taxes. The point is, all we know is that someone will pay these dues through taxes, and the uncertainty of who will carry the burden is not making many Americans comfortable.
However, students from other countries that have tuition free college have that luxury; most of their loans come from living expenses and books.
Without the weight of student loan debt, more college graduates might buy houses rather than renting apartments. They might buy cars, spend more on healthy food, travel more: In essence, they could contribute more to the economy.
College loans are often the first major financial dealing that people work with. Paying them off in a timely manner proves you know how to budget your money, skills people use again and again when buying cars or houses.
Interest and enjoyment from a field of study goes a long way in helping students stick with it and avoid burning out. College Might Not Seem As Important If higher education at public schools becomes free, it might appear to devalue a college diploma.
The current price of college drives students to complete their schooling as quickly as possible so as to reduce debt. Without that financial drive, we might see more laziness and lackadaisical behavior from our students. More People Would Go to College By negating the large bill of a college education, we could see an increase in the amount of students able to attend college.
This then creates a more well-educated workforce and a population that has better critical thinking skills. This could lead to more innovation in all areas of society.
Either more money would have to be given to the schools, or they would have to create waitlists.Benefits of College Still Outweigh Costs, Fed Study Says. Declining wages of those with just a high school diploma help boost the wage premium of higher education. See IRS Publication , Tax Benefits for Education, for details on these benefits, including an appendix with an illustrated example and a comparison chart of the various benefits.
Credits An education credit helps with the cost of higher education by reducing the amount of tax owed on your tax return. Do the Benefits of College Still Outweigh the Costs?
Sure, there are a lot of naysayers out there who claim a college education just isn't worthwhile anymore. With so many dissenting opinions, it can be difficult to decide whether or not the benefits of a college degree justify the costs.
Benefits of a College Education Words | 3 Pages. Are you aware that a college education can get you stability and a higher paying job? Many people are unaware of the advantages a secondary education can make on their lives.
Furthering your college . When considering the benefits of college, most people only consider the direct impact of a college degree on their own lives – but one of the more hidden benefits of college and earning a college degree is the positive impact it can have on the well-being of their families as well, especially their children.