Student Tuition Argument Analysis

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Pages: 4

If colleges are businesses then that means students aren’t treated like student, but like customers who are exchanging extravagant amount of money, student tuition, for the product, which would be their degree. As if to solidify their business colleges have a CEO, the federal department of education who make millions of dollars of off student loans. Now, like me its possible to sit there and think “wait student loans I thought we were on tuition”. We are but student loans make up a huge part of the process. The amount the federal department makes off these loans varies on the source. In 2013 U.S.A today claimed that the federal government was booking “41.3 billion dollars in student loan profit” while other news sources like bloomingsburg.com …show more content…
However this statement overgeneralized those with degrees that might not be in business that make them a lot of money back like photography or the fine arts. Unsurprisingly, degrees in areas like S.T.E.M are more likely to gain back money after graduation. It also depends on the college a student goes to a degree from Harvard or Yale will gain back more money then one from the university of Kentucky. According to the economists.com, “College graduates aged 25 to 32 who are working full time earn about $17,500 more annually than their peers who have only a high school diploma, according to the Pew Research Centre”(economists.com) Furthermore, its hard to say that this is based on hard scienfictic data when there is in fact a placebo effect with a college degree. For example, if 2 people were being hired for the same job in electronics the company will probably hire the candidate with the high education even if that person is secretly an idiot while the other candidate did not go to college but is actually highly intelligent. People are paying thousands of dollars for that perceived intelligence. So the argument that student earn back there money, is not true across the board but it seems there might be a bit of a correlation between a college degree in a s.t.e.m field and a higher job. However, if college costs keep increasing then soon it will take longer to gain back the money spent on student loans and people will start going