Education is an important factor in our society today. It influences our decisions from right to wrong, our actions, and our choices for the future. You can tie education to conflict theory. The idea that success, wealth, power and influence will always be in competition. The divide between classes is believed to be a result of rising tuition costs. Wealthy people have a higher advantage over the poor. Conflict theorists think this because there is an educational gap. They attribute this to financial disadvantages, racial disparities, and student loans debt.
The rising tuition cost has led to financial disadvantages for the working class, which makes them less likely to go to college. Business Insider reports that universities have raised tuition costs because they know students will be eligible for financial aid. This is the Bennett Hypothesis. It basically states that tuition will rise if Federal aid increases. This adversely impacts the working classes as students are becoming more indebted, which ultimately affects their future. The rising cost of tuition means that more students will drop out of school and many won’t even try to get in because they will have to pay back student loans. Inflation is a major problem in this country and it will only get worse. Tuition costs will only continue to rise. According to statistics, students who choose not to continue their education after highschool face higher unemployment rates and difficulty finding steady jobs. This is quite reasonable, and it’s understandable as you will have a greater chance of finding a job that pays more and offers more benefits than just a high school education. Many low-income families don’t choose to go to college due to rising tuition costs. This results in higher unemployment and lower weekly earnings. High school education does not provide more opportunities. It also reduces your chances of living a stable and livable life. The student loan ratio is increasing at a rate of two to one, even as tuition costs continue to rise. Slate states that schools have increased tuition by 60 to 70% for every dollar of student loan subsidy. This is a clear indication that colleges are using federal aid money to raise tuition. Many students do not consider college because they fear the prospect of paying too much for their education. Students will accumulate debt, particularly if they are unable to find work after graduation. Many low-income families avoid college because of rising tuition costs. Racial inequalities can affect how people of color view college. With rising tuition costs, it is even harder to plan for the future. The loan system is not the same for everyone, so it can be more challenging for people of color to get into the process. This is because people of color are more likely to be loaned than those of whites. Marketwatch said that “a college diploma is an investment that returns on average, but students of color and students from black countries in particular have a much higher risk than those who don’t.” There are many reasons why this may not be true, including limited resources as well as racism and financial difficulties. People of colour face much more challenges than people of other races when it comes to college. People of color must work 10x harder than white people to overcome racism and discrimination. A rising tuition cost is making it less attractive for people of color to consider college. Going off topic, statistically speaking about discrimination, according to responses from employers based by race, black candidates are 1.5x as likely get a response than white candidates. This is because discrimination at work causes a large gap between the two races. It’s not unusual for black families to have lower rates of employment.
Because of their financial instability, it will be more difficult for their children to go to college. Further research showed that students of color have 85% more education debt than students of white. This is a factor that contributes to the inequality when we consider rising tuition costs among races. It not only results in financial distress, but is also unequal. It creates racial and unreasonable inequality in the face of rising tuition costs.
Student debt has risen due to the rising cost of tuition. A Generation Indebted claims that society today is moving slower than the early baby boomers and has become essentially less productive as they age. This explains why students are taking on more debt than they can pay back. Students move slower and it takes them longer find stable work for the future. Many students have left college with a huge debt load. Students will continue to pay more due to rising tuition fees. Because tuition costs have risen, student debt has increased. This is also due to the higher demand for universities and colleges. These amounts can be decreased by the government. If they stop sending their money to financial aid, it might slow down the rise in tuition costs. Forbes reported that education-related debt affects more than 44,000,000 people and is the second largest national debt. It also affects the economy and students. The rising tuition cost will only make it worse, and create more problems in society. Although student debt was not the primary reason, it has been an important factor in research. Student debt is the leading reason for tuition rising.
These factors are affected by rising tuition costs. An individual without a solid foundation in education will struggle to find a reliable source of income, which can lead to financial difficulties. Due to the rising tuition cost, many families do not choose college.
