Don’t pop that Bubble 🙂

Through the progress of advancement and innovation, American society has supplemented so much to the world and western civilization. Contributing to enlighten and prepare our younger generations, higher education must be easier to attend and less expensive at the same time we keep the bubble from not popping. By cutting unnecessary expenses, helping students find accommodating private businesses that lend loans and increase aid and discuss the importance of what one majors in. If we focus on the quality of college and place back the worth of a degree, not only will we benefit the common American but alleviate our economy.

College life has given students the impression that it's no longer a place of learning, but a bubble for students to feel comfortable. The college experience is more that getting an education, but a lifestyle today. If we start to differentiate colleges two decades ago to today's high education, we can see that college administrators have been draining millions of dollars for over abundant facilities, non academic administrative jobs, superficial forms, dining halls and recreational options. From 1993 to 2007, colleges have increased spending on administration at more than double the rate they increased research funding. Through reforms we can set limits on spending that is not necessary on public universities. This will help drop tuition and the cost of dorms.

Some people may say cutting federal student aid would likely make students limit college access for low income students. But there is an alert people are ignoring. Which is the unrestrained access to student aid that is a cause of the soaring tuition. While colleges know the rising population of college students and the amount of money they pay, they will artificially inflate demand, but through the high rate of lending. Through supportive and accommodating companies willing to help out students, they will help students through these loans by giving them the time to pay the loans back depending on how much money they make later on. The less money the students makes after college, the more time they have until they start earning more.

If we take a look at reality, the most important decisions start right when one enters college. With variety of degrees to offer, and more to be acknowledged as so through time, does that guarantee a newly alumni with 40,000 in debt a job? From Latin American studies to gender studies, students that can’t pay their loans back likely majored in something that wouldn’t give them a decent salary from the start. These precautions should have been thought out thoroughly and reinforced many times. With such an important step in life, one must find something they love doing but also something that can likely give them less debt to carry on their shoulders for the majority of their life.

From 2001 to 2011, decreased state support accounted for 74% of the overall tuition increased at public research universities. Not only that but, over the last several decades the number of students enrolled in college has grown dramatically, but the educational budget has not kept pace. Today, students are being forced to draw the card of being in charge of the majority of college. The year between 2001 and 2011 was the time interval when colleges received much of their funding from tuition that from the state. Public universities are now seen as subsidized private institutions, where students pay more than half of their tuition. If we increase the aid for higher education and decrease on military or other programs, schools won't burn more money on unnecessary expenses with tuition.

If we don't take any actions soon, we will see something similar to the financial crisis of 2008. This giant bubble of debt is getting bigger and bigger and may pop soon. Through the consideration of reversing the trend towards the populating administration, cutting superficial non academic services and expenses, introducing students to the great side of the loan market but decreasing federal lending and raising the aid for high education will help students and America as a whole.

Sources
https://ttlearning.com/blog/why-is-college-so-expensive/
https://www.elearners.com/colleges/why-is-college-so-expensive/
https://www.usnews.com/opinion/articles/2011/11/23/why-the-government-is-to-blame-for-high-college-costs
https://www.forbes.com/sites/akelly/2015/10/08/does-federal-student-aid-cause-tuition-increases-it-certainly-enables-them/#13c2c99621e0