UNAffordable US education!
Higher education in US is almost becoming unaffordable as per the recent survey by new york times.This is the result of commercialization of the education system.Education is a must for nay country to develop and prosper.Any nation consists of people and people should be taught newer skills and research based technical knowledge.If you don’t do it than you have to import immigrants who got their education at a affordable price.The best example of this trend was when many pass outs of the Indian institute of technology who paid peanuts for quality education as these were funded by Indian government.However America benefited from this trend.However US educational institutes charge you a bomb in some cases a entire year salary of a medium wage earner annually.The best example would be increasing taxes for corporates and bring that money in medical and technical education.The dream of any father is to see his off springs through the college,but instead these kids end up working for pizza deliveries or McDonald's to earn their pocket money.MBA in a decent university may put you back by almost US$40000.To top all this is that job market is very poor and will remain so till 2011 if all goes well.Banks will charge high interest rate due to credit crunch.May be the college fee should come down and thats a solution not a recomendation though.
While tuition has risen at public universities, his report said, that has largely been to make up for declining state appropriations. The report offered its own cost projections, not including room and board.
“Projecting out to 2036, tuition would go from 11 percent of the family budget to 24 percent of the family budget, and that’s pretty huge,” Mr. Shulenburger said. “We only looked at tuition and fees because those are the only things we can control.”
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