Opinion on University fees?
- Thread starter htb24
- Start date
master412160
Seasoned Veteran
For cheap education you should study in Belgium. We are among the cheapest in the world and have very good quality education.
World Defense
New Arrival
Education should be free for all. Here in Gulf states education is not only free but students get monthly allowance as well to buy books and other needed materials. While you guys pay taxes you still pay for education. This is ridiculous.
Twisted Fairytale
Retired Administrator
Finland actually has free education for everyone. I don't even think you have to be a student!
However, I don't live in Finland. 😛
I attend the University of Memphis in Tennessee, United States. I pay about $12,000 a year to attend, $6,000 a semester, with $6,000 in yearly scholarships. So, I only pay about $6,000 a year.
While it's not the best price, it's pretty low. I think that public education really needs to be free or extremely inexpensive. Many of the open jobs in today's market rely on a college education which many people just can not afford. The key to eradicating poverty is education.
However, I don't live in Finland. 😛
I attend the University of Memphis in Tennessee, United States. I pay about $12,000 a year to attend, $6,000 a semester, with $6,000 in yearly scholarships. So, I only pay about $6,000 a year.
While it's not the best price, it's pretty low. I think that public education really needs to be free or extremely inexpensive. Many of the open jobs in today's market rely on a college education which many people just can not afford. The key to eradicating poverty is education.
Twisted Fairytale said:
Not necessarily. If everyone had the same level of education, the education would become the new standard. A good example is a high school education 100 years ago.
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Current
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That's pretty basic proof of how fast a education can become common.
On fees: It shouldn't be free. College education is kind of a business (it's supported by the government so it's not a free market). Colleges have to get close to making money, especially with our government in major debt. Education is something that you can't get very easily anywhere else very easily. Yes, you could move to some other country, but that's a huge hassle. Education will continue to stay expensive because well... you have to have it to get most of the highest paying jobs,
Twisted Fairytale said:
I agree with this. It's really unfair that a lot of poorer people who would like to get a higher education can not, just because they don't have the money to pay for it. Everyone should have equal opportunity, in my opinion.
htb24 said:
I think it should be reduced back to £3000. £9000 for 3 years is £27,000 + maintenance cost which means you will be in a debt of over £30,000 before you even get a job. It's just ridiculously expensive.
College is way too expensive, unless you're getting a lot of free money from scholarships or relatives. Even if you're paying a really low price of $4,000 per year, that's $16,000 that you have to pay off, minus interest. This wouldn't be a big thing if a college education guaranteed a job, but it just doesn't anymore. I'm 18, and I'd say that a good 25% of the people that I work with have a degree, and are making practically the same amount of money as I am. That number jumps up to around 50% if you include the people that are currently in school.
If you get out of school and immediately start making $30,000 per year (which is well over minimum wage), you'd be lucky to be able to save $5,000 a year. Let's say that it takes you five years to pay off your student loans, so you're now 23, and finally debt free. You've been living very frugally, barely making it by since you started college, and now you finally have a fresh slate. Hopefully you're able to find a job that pays more than an entry level job, but like I said above, it isn't a promise.
You can see how quickly things can easily get out of hand. Things are just very different from how they were, even 10 years ago. Additionally, it's not just about how much money you make. There are plenty of people making close to six figures a year, that have tens of thousands, or maybe hundreds of thousands of dollars of debt. You've almost got to have the perfect combination of luck, good spending habits, and a degree that's very employable for it to be really worth it.
If you get out of school and immediately start making $30,000 per year (which is well over minimum wage), you'd be lucky to be able to save $5,000 a year. Let's say that it takes you five years to pay off your student loans, so you're now 23, and finally debt free. You've been living very frugally, barely making it by since you started college, and now you finally have a fresh slate. Hopefully you're able to find a job that pays more than an entry level job, but like I said above, it isn't a promise.
You can see how quickly things can easily get out of hand. Things are just very different from how they were, even 10 years ago. Additionally, it's not just about how much money you make. There are plenty of people making close to six figures a year, that have tens of thousands, or maybe hundreds of thousands of dollars of debt. You've almost got to have the perfect combination of luck, good spending habits, and a degree that's very employable for it to be really worth it.
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