Blog 9: where college tuition is free, debt can still be a problem

Summary:  When it comes to college tuition people people tend to focus on price.  In the United States the cost to attend school has increased dramatically throughout the decade.  America is only one of many countries around the world that try to balance high cost of higher education, with the dividends that come from a well school population.  Some of the universities in Europe have a higher debt than the United States; for example in the United Kingdom carries an average of over 40,000 dollars in student debt, compared to the US average of 27,000.  Also for countries with free education aren't always as good as they seem.  In Sweden students still have to borrow to pay for college fees and have an average student debt of 19,000 dollars.  Today there are over 20 million students that attend college each year, and over 14 million of them are going to have student debt when they are finished with college.  In Canada alone there are over 15 billion dollars in student debt accumulated, and in China over 8.1 billion.  Even though countries state that the cost to attend school is free, it really isn't.

Analysis:

I am very surprise to see what is going on around the world with college tuition.  Even though there are some countries that are free to attend for the college level education, they still have campus fees that can bring them student debt as much if not more than the average for the United States.  The only main difference with the schools around the United States is the level of education.  In the United Kingdom you can pass a class with above a 35% average, while in the United Staes the average is above a 60%.  Ultimately, nonprofit colleges' infograghics seems to suggest that even where college is free, it isn't always a bargain.

http://www.dailyfinance.com/on/student-loan-debt-countries-free-college-tuition/

Blog 8: Up Up and Away college tuition on the rise

Summary:  College tuition for more than a decade has been rising far beyond the rate of inflation for public colleges and universities around the world.  In developing countries the chance that a person goes to college is much less than a person who lives in a developed country.  But thats not always good.  With developed countries the price to go to those universities is much higher than than developing countries.  The United States has the highest rate for tuition in the world, but we also have the most scholarly universities for students to attend.  In 2008 when the recession hit, funding for higher education for students dropped dramatically by over 14%.  In 2011 and 2012, at least a third of every states funding for education dropped.  With less funding around the United States, it mean that not only are we going to pay more for education, but also the people around the world who come to the United States for college.

Analysis:   Being a college student and knowing that the tuition increase is constantly on the rise is something that I try to keep track of most of the time.  I had no idea that every single state in the United States cut funds for education at the University level.  Without funds that means that students now and in the future are going to have to pay more and more for their education.  Now a days to get a good job you ned to to have the right education, but with the funds constantly going up, our economy is not going to change for the better.

http://www.cbsnews.com/news/why-college-tuition-keeps-rising/

Blog 7: Undergrads Around the World Face Student Loan Debt:

Summary:  Student debt is not unique in the United States, but financial aid systems vary around the world.  American student loan debt has increased to more than 1 billion dollars and more than 7 million borrowers are in default.  This problem isn't just unique to the United States, but other countries as well. Japan and Great Britain are taking out student loans to finance their aid. In Japan a estimated 5 billion dollars in student loans were past due and the tuition cost has increased over the last 10 years dramatically.  Even though the cost of tuition at public universities in Japan is less than American colleges, the Education is the same if not better than the United States.  The United Kingdom  is now also allowing students to borrow loans as far up as to 10,000 dollars and increasing.  Other countries are now following the system of the American loans, but those loans aren't slowing down anytime soon.

Analysis:  Around the world student loans are increasing and following the American system.  They are increasing but that means that more people are going into debt trying to pay off the debt.  All over the world, the schools tuition is increasing.  Personally I think that the student loans around the world are a great idea, but should be cut off at a certain point so that people won't go into debt in the future.


http://www.usnews.com/education/top-world-universities/articles/2013/11/13/undergrads-around-the-world-face-student-loan-debt