What Is The True Cost Of Higher Education - 1594 Words

Manuel Amado Professor Robin Robinson Research Methods 316 May 6, 2016 What is the true cost of higher education?† College is something that is brought up during freshman year of high school and again in junior to senior year while visiting and sending in their applications to attend or have a plan if not attending college. Most student’s freshman year in high school their decision then is based off if parent didn’t go they wouldn’t go. During freshman year in high school their going through phase where they are discovering who they are based on what they see around them. But in senior year in high school it changes completely now the answer is â€Å"can’t afford it† and then the teacher says there is something called financial aid! (This from†¦show more content†¦This is a trap, because how can you be successful when you’re in debt throughout your life. And most jobs today a post-secondary secondary degree is most necessary. But there is a loan in the financial aid package that it is seemed to be the best loan option for some students because there is two types one where the interest rate starts to accrue the first day of class and one where the interest rate accrues after 6 months of graduation â€Å"giving you time for you to find a job† it has become about go to work to pay for school, so you can get a job to pay for school. Student debt has risen drastically over the years. The Total student loan debt rose to over â€Å"$800 billion in June 2010† overtaking total credit card debt outstanding for the first time. A college education is nothing but a business strategy for more capital gain. You have to borrow a certain amount but you will end up returning a larger amount due their high interest’s rate. The article also focuses establishing a framework for considering the use of student loans in the optimal financing of collegiate investments. â€Å"From a financial perspective, enrolling in college is equivalent to signing up for a lottery with large expected gains—indeed, the figures presented here suggest that college is, on average, a better investment today than it was a generation ago—but it is also a lottery with significant probabilities of both larger positive, and smaller or even negative, returns† (Avery 2012).