The Growing College Affordability Disaster

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Occupy Wall Street consists of numerous university students who are upset with regards to accumulating huge student loans and not being able to obtain a career when they graduate. Generally, I’ve got little tolerance for those who pin the blame on other people for their issues. Certainly, students made the choices to obtain the loan. Nevertheless, they appear to have gotten little for their investment.

In this situation, I tend to take the protesters’ side. US colleges are generally inefficient and too costly. The majority of degree programs fall far short in preparing students for the labor force. Nearly all individuals have to be completely trained from the ground-up when they acquire their initial position.

Colleges have displaced a large part of their academic aim. A lot of importance is put on constructing athletic arenas and a disproportionately large amount of cash is put into non-academic pursuits. The end result is unreasonably huge college tuition costs along with a reduced quality of education.

That being said, there aren’t any options for some individuals. If a student intends to be a physician, she will have to go to college. Sure, there are people who are very successful that didn’t attend higher education. But that is the exception and not the typical result. Only particular industries allow individuals with no college degree to get in.

Universities are structured as non-profit organizations. Even though they pay no taxes, this does not prevent faculty from taking bloated incomes. In addition, the rate between college staff members and teachers is out of whack. Being a non-profit organization has accomplished nothing to decelerate tuition rate hikes.

How can this be an impending dilemma? Because of the simple reality that student loan debts have now exceeded personal credit card debt and car loan debts. Furthermore, quite a few new graduates are jobless for a long period right after graduating. American colleges are in desperate need of structural reform.

Tuition fees have long been climbing more rapidly than the cost of living. This will make college much less reasonable and less available for lower income families. New enrollees must consider the expenses versus the benefits of going to college. Higher costs equate to lower returns on investment.

Eileen Jacobs is a tax preparer from Las Vegas. She has over 30 years of tax experience. taxes Las Vegas

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