Reading Report 3
Student Name: Haochen Ye (Joe)
Date: 2013/11/19
Instructor’s Name: Justine Jun
* Outline
Introduction: Kids in U.S. are taught to believe the process: good at high school, then a good college, then a good job, career, which is the American dream
Main idea 1: The tuition of college is so high but there is no pay back and no job guarantee
Main idea 2: The United State government is making a college bubble that student can borrow money so easy to pay tuition. However, make the tuition even higher.
Main idea 3: Students can not pay the loan which led to bad debt and endanger all holders of U.S. dollars.
Main idea 4: College is worthless. It does not provide a higher opportunity or higher quality job.
…show more content…
The study shows that the number of students who enroll in college is so large that college degree become meaningless because everyone has it. Also, graduated from college does not provide the students any benefit to get a good job and basically waste years. In some way, invest the money which is about to pay the tuition is better than pay the tuition and go to college.
Moreover, there is few student who go to college to study how to grow or manufacture, which will make the product of United State increase skyrocket and lose its manufacture bases. In result, it will destroy the role of world’s reserve currency to U.S. dollar.
* Commentary
In the documentary College Conspiracy, it talked about the reality of the United States’ education business which provides nothing useful to learn but just a degree that is worthless. The number of students who graduated from college is so large that the degree become meaningless and does not provide a job guarantee at all. Moreover, this situation will not just affect those students, because there is so much money have been spent on those students, when they can not pay back, the huge bad debt will impact everyone holding U.S. dollar.
In my personal angle, I think we can refer that the government may be the cause of the education business issue. In fact, government intervention is the main cause because it is government intervention that provides the slack tuition-borrow policy and
In the united states, with college tuitions skyrocketing, many students would have loved to be able to fully pay for there school
As children, we grow up believing that we can do anything, be anything. The world is our playground, and we were free to imagine our future. Consequently, this imagination and boundless opportunities is what draws so many to the ideals of the American Dream. The unwavering hope that anything can be achieved through determination and a tireless work-ethic. The common misconception is once we have attained the dream, the luxuries will come soon after.
In May of 2011 a video by the National Inflation Association (N.I.A) surfaced on YouTube gathering over two million views and opening the eyes of people to the American college system. According to the producers of this video, "College is the largest scam in US history!" Is college a worth-while investment? Is it just a way for the government to stimulate the economy? Are college degrees really a necessity in performing on the job? All of these questions have been asked and answered with both yes and no. Four writers with different views on this matter have written up articles concerning this issue. While
Education is the most valuable belonging a person deserves and needs. It is the key to success, wealth, knowledge, and a career that will push you further in the future. Also, high-quality education is a must in the U.S, which means it will help the future generations tackle the nation issues later on. It should be the only thing that cannot be taken away from anyone and it will open many doors full of opportunities. Education will help us grow as an individual, have a better outlook on life, and will help withstand the hardships of life, but what happens when education get cuts down? Are today student’s being cheated out of best education possible to balance the budget?
The rise in student’s loan take can be attributed to the fact that Americans taking Undergraduate degrees has risen over the decades. Also, within two decades’ inflation caused tuition fees to double in public schools and increase to fifty percent in private. Outstanding student debt rising has led to falling of income share. States dole out less fund to public universities as tuition fee increase consequently drowning students in a loan to support their education.
An education is one of the most important tools a person can acquire. It gives them the skills and abilities to obtain a job, earn a wage, and then use that wage to better their lives and the lives of their loved ones. However, due to the seemingly exponential increase in the costs of obtaining a college degree, students are either being driven away entirely from earning a degree or taking out student loans which cripple their financial prospects well after graduation. Without question, the increasing national student loan debt is one of the most pressing economic issues the United States is dealing with, as students who are debt ridden are not able to consume and invest in the economy. Therefore, many politicians and students are calling
student debt crisis has reached an all time high with debt reaching a total of 1.3 trillion dollars across the United States.With tuition cost increasing,lack of scholarships and unpaid back loans,student debt will continue to increase even higher.The enormous amount of debt put upon each student creates the inability of those students to help the economy grow.Our economy as we know it is a loop and decreasing the student debt significantly will help the economy grow.Instead of putting that money towards the government where it won 't be used to help decrease the student debt as we can see by the total debt, it should go to the community, such as purchasing homes,cars,consumer goods,sales tax which will help improve the economy even more.Crippling student debt is stifling the growth of the U.S. economy because it inhibits graduates from being able to spend money on consumer goods and home purchases. To alleviate this, lenders should be required to forgive student loans in cases where students are unable to repay their debts,decrease a cost of attendance,and increase scholarship opportunities from universities.Doing so would benefit the growth of the economy by increasing tax revenues, unfreezing credit markets, and creating jobs.
In the article 4.1 by Astra Taylor, the cost of college has exponentially risen to a point where it is almost impossible for the student to go to college. The cost of college has also become one of the biggest problems in higher education as well as the entire nation. People have gone back and forth on who is at fault on this problem and I believe the problem of the cost of college can be firstly and greatly helped if the government takes action first. The government must take action due
In the United States, known as the land of opportunity, becoming a success, gaining wealth, and having an elevated standard of life can come through many pathways. There is not a single road towards personal success. Despite numerous paths, the most traveled is one of a college degree. This is no coincidence, because employers everywhere look to recruit people who have these degrees. However, what if someone who has the right intentions, great potential, and inexhaustible motivation cannot attend because of monetary reasons? This is why the United States should fabricate a tuition-free nation.
Colleges are taking our money and causing large amounts of student debt. “Various other costs associated with college attendance have risen even more than tuition. Textbooks are now eleven times more expensive than they were in 1977 (Student Loans and College Tuition, 2016).” This shows how American’s are being taken advantage of, and how universities are gouging us of our money. “Because the principal of most student debt is so high, the interest rates must be kept low to avoid a nation of default. Almost 10% of students already
I often wondered why the wealthiest country in the world, forcing their children into dangerous situations that will allow them to be victimized by illicit industries to pay their college debt? In middle school, I learned that when solving a word problem or answering a question the first step is to examine the cause. Therefore, in this essay, I will examine the main cause driving college students to take part in illicit activities to pay their student loan debt. Furthermore, I will examine the demand to pay clause with student loans being the only option for many middle and working class families to pay college debt. Subsequently, I will conduct a survey consisting of one hundred college students from different universities to determine
What we call the American Dream, the founding fathers called the pursuit of happiness. The American Dream is built on the promise that individuals from all walks of life can find success and prosperity here. It shapes from our opinions, desires, interests, cultures, geographical locations, and religions. Some presume the dream of becoming an engineer, a medical doctor, an athlete, a politician, or even maybe following their father’s footsteps and carrying on the family tradition of owning a restaurant. Sometimes, achieving this success is associated with the conception of receiving an education, especially a college education. The common debate of today’s society has always been whether
The American dream does not just include financial prosperity either, but lifelong happiness and fulfillment that education endorses. As shown in “The Great Gatsby” by F. Scott Fitzgerald, the American dream and accomplishments in life cannot be limited by
Attending college has become an unrealized dream for a big majority of high school students because of the high tuition fees. Public colleges increase their tuition fees to cover educational and technological resources. In addition, due to the increasing of population and the number of students who need to attend public colleges every year, the government has decreased the tuition funding. Most of the middle-income families on the other hands are worrying about taking personal loans of second mortgage to send their children to college. These reasons have helped to decrease the number of college attendances every year as long as reduce the quality of education. Thus, a penalty of uneducated employees and unemployed citizens has faced our economy.
Young men and women choose to further their education with aspirations of achieving the American Dream. However, the American Dream is a vague outline of what everyone wants to be. It is someone who attains this who is an individual established in a thriving career, and has a loving and caring family. It is someone who is socially fit, who does not have to worry about financial troubles. A person who is a friend of many and disliked by few has come across this dream. Finally, the most significant factor to meeting this goal is that a person is pleased with the way life is.