Thursday, February 17, 2011

College Funding

Many students can't afford college.  That's one of the top reasons why they don't go to college.  Thankfully, the government has financial support systems for these students such as the Pell Grant.  But, with this grant and many other programs on the budget chopping block, I have to wonder how we're going to educate our children in the future?  College is expensive, and is getting more expensive by the minute.  Some states have state-funding for students who meet a minimum GPA and attend a state school, but even these programs are starting to get slashed.  So, that leaves us with a problem.  If students can't get funding, but are eligible and want to go to college, how can they go?  Student loans are an option, but they also have to be repaid.  Even though students should be able to get a better, higher-paying jobs after graudating college, loans are still hard to pay off with a typical entry-level salary.  Plus, with a high unemployment rate, jobs are harder to come by these days.  Thats why these federal funding programs are the key to our future.  It's all about opportunity costs.  The cost of not educating students who would excel with a college education is high compared to the cost of funding their education, so that they can go on to change the world.

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