Student Loan Debt CRUSHING The Economy And Millennials
The Wall Street Journal reports that more than half of the states require students to pay more for state schools and universities for the first time than the government contributes to tuition.
These are funded by the government. They are not private schools. Historically, however, the government has intervened and provided sufficient funds. Some of their tuition fees exceed the tuition fees paid by students. For the first time, students pay more to attend these schools than the government contributes to the country’s higher education.
The Association of Executives investigated this and found that all of these states were using the money to pay for their state health benefits and retirement and health care services for state employees. But they did not increase taxes to explain all these things.
Legislators refuse to pay taxes or refuse to raise taxes. We have a tax rebate. In this case, tuition fees can be used as a tax rebate. Let’s give an example to show how much this affects students.
We are talking about averages. The case was more expensive, but the average tuition at a four-year public college or university in 2017 was about $6,572, compared with $4,784 in 2008.
Some may think this is not a big deal, but these are public colleges and universities. These should be economically affordable choices for children growing up in poor socioeconomic status or for families under greater economic pressure.
You want your children to go to public schools. This is a public institution. Many people migrate to other states because the higher education system there is better than them. This is a real problem in the state where they live.
This is higher education, because the cost is rising to the extent that people can not reach it. It creates a gap between the rich and the non rich. I will call it what I said is getting wider and wider. This is a more extensive way.
Because the cost of public education is not proud. No one of us can accept private education. You have to take out loans to enter these schools for private education. You can enter it, but you will have a lot of debts when you graduate.
When we, the people who live in the state, receive public education, it should be available to all of us who live in the state. The Maria crisis was a crisis because education, especially higher education, was a way out of poverty.
Some people argue that these arguments are about guiding yourself or guiding yourself through guidance. It didn’t pull it up. It’s such a hypocritical statement when you consider what they do for affordable education.
Let me give you an example. Between 2008 and 2012, public expenditure per student dropped by 24%. Funding began to pick up in 2012, but recovery across the country was uneven, which is why about half of the States did not make enough contributions.
They didn’t even contribute the same amount as students did. Students are making more contributions to the tuition of these public schools. In 2016, at these public schools, students in 24 states paid more than half the cost of public school education. In 2017, students in Kentucky, Louisiana, Oklahoma and Mississippi passed the mark through a combination of budget cuts and higher tuition.
On this issue and student loan debt, we can see which states give priority to their students. Will it only affect students’ lives? Who will bear the debt? It affects the whole economy.
These people are now in debt. Even in bankruptcy, they will never be able to get rid of it. They can’t participate in the economy in the same way as their previous generations. We can, but they can’t buy houses. They can’t develop their lives in ways that parents can do.
It’s sad to see this. The person who talks about student loan debts is Donald Trump and all his friends. The problem is Trump, but it is those Student Loan Company who have benefited.
They are increasing the ability to levy taxes on these loans. They changed the whole way of structure work and the way they followed you. They can chase you openly and brutally. So those Student Loan Company are the ones who benefit from it.
It is heartbreaking to see this in public higher education. Because most of us should be able to accept higher education absolutely. Private lenders charge these high rates, which in some cases keep the students in debt for a long time.
The federal government also issued these student loans at lower interest rates. But interest rates are much higher than those received by banks. What do we give priority to in this country when they get relief funds?
It does not seem to be the future of the country. It does not seem to help educate those who want to educate themselves and hope to become members of the social productive forces. It seems that repeated actions make it impossible for people to create a better life for themselves and for them to create the American Dream.
Everyone should have the opportunity to receive education. As the richest country in the world, we can not educate all the people living here. This is wrong.