Relevance
Premise
In the 70s & 80s, college costs used to rise at a slower rate than the cost of other services. But early in the 1990s, for some reasons, the price of college started to rise at a faster rate than the price of other services. For example: In 1971, the tuition fee of Harvard was around one-fourth of the median annual household income of $10,285. But in today’s world, the tuition fee has risen to the full value of the median annual household income to pay the full fee. For filling their tuition fee, millions of college students are forced to take out loans for paying their tuition fees. Every year, students are taking $100 billion annually for several available loan programs. Currently, the student debt numbers have reached $1.2 trillion, but it leaves a debatable question in the mind of students, parents, and others related to the issue (Schoen).
Counterargument
Some might say that the student debt is worth its value as many students end up covering the cost of their education. Students from the best colleges get some of the best entry packages and positions in the business world. Also, many students gain knowledge and develop connections in their college life that help them to develop their career. Attending a top college also attaches a brand name with the student that helps them get jobs, loans, etc.
Solution
There is no single solution to help students overcome the high college fees. To overcome the current debt troubles, it is important that several solutions are implemented at once that would help in reducing student debt and college fee over a period of time. Firstly, college fees needs to be frozen for a significant amount of time that ensures students know that their annual expense of college would not increase during their college term. One of the best solutions is provided by Senator Bernie Sanders as he is fighting to ensure public colleges are made tuition free. It will provide students with an alternative option to attend college, and many students would not be taking the huge student debt. In addition, scholarships have always been one of the ways to ensure college students are able to attend colleges. Therefore, scholarships need to be extended to greater numbers and ensured that future costs are controlled.
Works Cited
Davidson., Adam. Is College Tuition Really Too High?. The New York Times. nytimes.com. 8 September 2015. Web. 5 July 2016.
Mason., Elisabeth. A. How to fix America's crazy high costs of college. Fortune. Fortune.com. 23 August 2015. Web. 5 July 2016.
McCarthy., Anne. Studying in the United States: is it worth the cost?. The Telegraph. Telegraph.co.uk. 11 September 2015. Web. 5 July 2016.
Olson., Gary. A. How to Understand the High Cost of College. The Huffington Post. huffingtonpost.com. 14 April 2015. Web. 5 July 2016.
Schoen., John. W. Why does a college degree cost so much?. CNBC. Cnbc.com. 16 June 2015. Web. 5 July 2016.
