Higher Education Problem in the United States
The tuition rate in the U.S. higher education is one of the most expensive in the world. In 2012, the average tuition ranged from $3,131 to $29,056 per annum. Some ivy league colleges charge as high as $40, 000 per annum. For example, Harvard University and Princeton University tuitions were $43,938 and $41,820 respectively in 2014/2015 academic year. Thus, students' ability to pay for the colleges have been a great concern of the communities, colleges, and universities. While large percentages of American citizens intend to pursue their college education, the college tuitions continue to increase despite an increase in the number higher educational institutions. The only option left for prospective students intending to pursue their education is to seek for a loan. To assist the students, the federal government has set aside the funds to provide loans to a student under the "Federal Student Loan Program" disbursed to students who lack the financial capacity to pay for the tuition.
The objective of this paper is to explore the problem in higher education and analyze the history in higher education.
Financial Aid Loan
The Federal student loans are the major type of financial aid packages offered to students to cover their educational expenses at a university, college, community college, trade or technical school. The federal loans are the borrowed funds that students must repay with interests. The federal loan program allows students or their parents to borrow money to fund their colleges. The federally supported loan program offers flexible interest rates benefits, repayment...
Higher Education Investment in Higher Education The literacy rate is one of the important indicators of a developed country hence governments focus on enhancing its infrastructure. There are many challenges to promote higher education as demographic and social factors act as barriers to admission for many candidates. The effect of these factors should be explored so that the negative outcomes can be controlled. Investment in Higher Education Formal education system is considered as one
Congress did more than just reauthorize the Act, though. It also required that state agencies be established that would be able to handle some of the work that accrediting agencies were once expected to do on their own (Crow, 2009). By doing that, it was assumed accreditation would be easy to attain for deserving schools, and the value of being accredited would be seen once again (Crow, 2009). It became
Higher Education 1970 -- 2000 Between 1970 and 2000, many changes took place in higher education. One of the largest ones was among the student population. Many more women started going to college, in some fields eclipsing the men who were attending classes for a better education and a more fulfilling career (Commission, 2006). That was not the only issue where the student body was concerned, though. Another large change was
Higher Education Leadership Purpose Statement The purpose of higher education leadership is to ensure organizational learning through the induction of most qualified men and women in educational institutions, at the same time keeping pace with rapidly changing educational standards by applying modern teaching and research methodologies, to embrace flexibility and creativity in virtual learning of diversified workforce across the globe. Higher education leadership aims to win the commitment and loyalty of
Auto loans, credit card loans, and mortgages have all declined. Another issue plaguing higher education is how to curtail of abates the influence of these rising costs on the lives of their students. Many of these costs are indirectly correlated to tuition and are therefore uncontrollable in a market subsidized by government. However, many issues are directly related to the tuition, and are therefore controllable. These include student demographics, institution
Much like the argument of Carnoy (2005), Singh asserts the huge importance of education in a globalized structure. This article also resonates the disagreements of Carnoy (2005) and Kwiek (2001) -- i.e. The positive and negative effects of globalization in higher education with the author taking the side of Carnoy in the belief that higher education positively implicates a nation's economy. Unlike McPherson & Schapiro (2002), who argued against privatization
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