The Cost Of College Continues To Escalate

The senior year of high school signifies a turning point in many students lives. For parents, their child's senior year can be dreadful as it comes with mounting pressure about tuition costs and if they can afford to send their beloved kid to the four-year institution of their choice.

Millions of parents are ultimately forced to apply for financial aid every year and the majority do not receive adequate support from the federal or state government. It's essential to find ways to ensure that students have the access and availability to the necessary aid they need. In my opinion, the formulas currently employed are flawed and not beneficial to the child or their parents.

Last year, the average student came short by $9,000 in meeting tuition requirements. It's a disgrace to not allow kids to attend college because of the inability to meet financial needs. The message we are projecting to them is that it's ok to take out loans and incur staggering debt at such an early age.

During the course of the next ten years, 90% of individuals will not have the qualifications for jobs without any higher education. Although a debate continues to rage on in the entrepreneurial world about the importance of attending college, it is imperative for all students to capitalize on their intellectual ability and seek the next level of education.

In order to entice more children to attend college, governments around the world need to build in an incentive to students earlier in school and especially in their wasted senior year. It took me by surprise when I read that a mere 7% of kids in India go onto higher education. Just think about how small an amount that is when India has the second largest population in the world.

According to Vermont senator Bernie Sanders (I), the average student graduate from law school in his state leaves with an insurmountable debt of $100,000. To think that after receiving an education a student is strapped with a six figure debt is plain inexcusable. The message colleges are sending is that you graduate, pay back your debt and then have no avenue for advancement. America, is this the society you want to live in?