Posts Tagged ‘ university ’

Dethrone the Loans: The Answer to Expensive Higher Education

By Markus Weinzinger

Opinion articles do not necessarily reflect the views of the editors, the Denobis staff, or Tri-City Prep.

It’s an inevitable problem faced by students entering the doors of higher education. The massive debt of student loans —over $1 trillion— continues to intimidate prospective students. Graduating with a pile of debt has become all too commonplace. Federal subsidy of student loans brews a toxic mix of good-intentioned theory and college greed that evaporates the hopes of college students along with their bank accounts. How did this happen?

The origins can be traced to the late twentieth century. According to Information Station, in 1980 the cost of attending a four-year college hovered around a comfortable $3,400 annually. Today, that figure has skyrocketed to $23,000 or more annually. More shocking, Bloomberg News reported that the cost of a college education since 1978 accelerated over 1000%, compared to the 265% increase in inflation. It’s now the norm to find a college student (graduate or drop-out) that owes five figures in student loan debt. Who’s responsible for these unprecedented prices? Continue reading

Advertisements