The consequences of college's actions (Student Debt)

Money has changed the universities in devious ways. Most universities have increased their tuition costs along with general costs rapidly. It’s becoming the students’ main problem. The money they need but don’t have stresses many of the students, and these worry and seek for money to pay for a highly priced university. The objective of the schools are to avoid educating students about loans, increasing prices, and taking advantage of the lack of students’ awareness. These students apply thinking that they are getting free money not knowing that they are going to have to pay back and in most cases with lots of interests. The universities’ devious intentions of making money off students are interfering with the money cycle between education and students making student debt continuous.

            The universities main worries is their income and their reputation which is why they will do whatever to make these better even if it makes the students struggle economically. The schools have infinite ways of making a profit but their biggest income comes from the students. Unreasonably raising the cost enough to make students seek for loans is one of the many sneaky ways they contribute for the student debt crisis. It is a scam for schools to be having the same teaching systems and make no improvements but raising their prices for the heck of it. This is not the only technique schools make students struggle economically while they end up benefitting from it economically too. There is numerous ways schools are making profit off students and they are so sneaky with this that they get away with it easy.

These greedy actions make the currency go to waste. In an article published by Joanne Fritz, it was specified “[Universities] also sell products through its bookstore and tickets to artistic and athletic venues, while the hospital maintains a gift shop and likely provides community services for which it charges. According to the National Center for Charitable Statistics, such income sources provided close to three-quarters of the income in the nonprofit sector.” This leads to think that almost all of the income a university needs is within the services and businesses and deals they make, but then again they still over charge the students. Most students pay their schools without realizing what they are actually paying for, including myself. It’s not just tuition that is paid to the school there are several other fees that are also being charged. Fees that cover necessities and activities that are not needed by most students or that are not frequently used but that are still counted when charging all the students. The point is schools are constantly making money from any situation they see profit in.

            The universities’ devious intentions of making money off students are interfering with the money cycle between education and students making student debt a never-ending routine that it’s only getting worse. The greediness of the universities make students desperate seeking for instant economic help blinding them of the situation also blinding them of what they are actually paying for then it all ends up resulting in debt that not only affects the students but the economy. Government has just started to take action on this because they see that it is affecting the economy in general. Money that is going to waste is causing big debts. This is a problem that is known by everyone but only a few individuals have taken the time to go deep into this cause. Universities are taking advantage of their students’ money to benefit their investments on their businesses, making lots of money having many unnoticed sources where their income progresses. I have stated my reasons and this is why I believe the universities are the ones to blame for the student debt crisis.

Here is a graph shown in a post by SeekAndFind from the web page http://www.freerepublic.com/focus/news/3148076/posts

Information from this editorial was found (Alex Gore. “Rise in tuition fees leads to 40% drop in university admissions.” Mail Online Associated Newspapers. Jan 19. 2013. Electronically Published).