Thursday, September 22, 2016

College Knowledge

     Subsidizing college tuition is a good idea. According to US news, But at the same time, the university's Board of Trustees has voted to increase tuition by at least 3 percent every year for the last 10 years – or a roughly 47 percent increase since the 2005-06 school year. In doing so, the university funds its financial aid initiative in part from the tuition revenue wealthy student bring in. It also has a $21 billion endowment, and a portion of the returns each year goes toward university operations (Allie Bidwell usnews 2015). I agree with this because while there is the subsidzing, the college does get the money from the government.

     Subsidizing college tuition is not the best idea. According to CNN, Furthermore, taxpayers are getting fewer returns for their money. In 2009, the six-year graduation rate of bachelor's students was 56% in the United States. In 1997, it was 52%. During that time period, student aid skyrocketed. According to the College Board, "Total student aid increased by about 84% in inflation-adjusted dollars over the decade from 1997-98 to 2007-08." Taxpayers are subsidizing higher education at greater and greater costs while institutional performance has not kept up. I agree with this because this does hurt the taxpayers in the end.

    I feel that we shouldn't subsidize college. Due to how this will effect the taxpayers in the end and factoring in the cost just to have a dorm, classes, etc. Theres also trades schools that can help people looking for jobs too.

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