It is often said that
knowledge is power, but the price of knowledge is rarely ever mentioned. We are
told from an early age to pursue higher education to be successful in life but
we are never told what it will cost us. In today's society, a piece of paper
dictates whether you are qualified or not to perform a job. This piece of paper
costs four or more years of your life and tens of thousands of dollars in debt.
Education is not cheap and it's not getting any better. Private institutions,
to some degree, have the ability to set and increase their prices based on "high
standards", but public institutions have also been increasing their
tuitions rates with little to no improvement at all. Without educated people
there would be no progress, no inventions, no improvement in our economy, so
why are we inadvertently discouraging individuals from getting an education?
Why is education not a human right or in the very least, why isn't it
affordable?
The constitution of the
United States does not mention education and the supreme court has refused to
recognize any right to a taxpayer-funded education. K-12 schools are
government-funded and "free" to the public, so why can't higher
education be also government-funded since the money comes from taxpayers? Why
aren't the people free to decide how our tax money is used and distributed to
fund free college education? The truth of the matter is that we are at the
mercy of our government representatives and higher education is considered by
them as a business rather than a public service as it should be. We cannot
ignore that the government provides federal and state grants, but this money is
limited to income restrictions, so it isn't really free money. In other words,
you must have a low income to receive federal school grants that in most cases
will not pay for your entire tuition and force you to take student loans.
Education is not only not a right, but it is not properly regulated as a
business by the government either.
Even if we consider
inflation when looking at the rising cost of education, the numbers are
ridiculous. Within the past four decades, the cost of undergraduate degrees has
risen at a rate of over 200% at public schools and over 100% at private
schools. On the other hand, the federal minimum wage in 1980 was $3.10 and
today is $7.25, and we are not including the increase in the cost of living.
How does the rise in tuition rates make any sense, and why has the government
done nothing to regulate the rising cost of education? It isn't just a
business; it is a predatory industry. In the United States, there are over 45 million
people with a collective student debt of nearly 1.6 trillion dollars making
student loans the second highest consumer debt to date. We live in a
free-market economy where competition is part of the game, and government
regulation should be minimal but instead, it seems to be non-existent at all.
In this business industry, competition appears to not include adequate pricing
and without a price ceiling, people are being drained of money to be able to
enter a competitive job market with no guarantee of success. We are free to
pursue an education that most of us can't afford, so what does freedom do for
us? We are free to pick the school we want to attend and the amount of debt we
want to get into with the hopes of a better life.
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