Post Secondary education plays an important and critical role in the social, cultural and economic success of people. As students move on to postsecondary education, costs can rise considerably. The role education plays makes it possible for young people to take advantage of a range of employment opportunities, but post-secondary education is not financially accessible for many people. Funding also creates the negative effect of stress from long term debt that many students face in post secondary education. As government funding fails, it also creates the downfall of high quality faculties.
Post Secondary ducation systems encourage people to pursue higher education to build future economic success but in doing so funds should also be affordable. Since funds are expensive, negative effects become more prevalent throughout post secondary education. It is a true statement that the funding expenses used in post secondary do not allow every single person to attend the school one may desire. Traditionally-underserved students, as well as families from deeper into the middle class, find it difficult to afford a post secondary education.
The reason for costly post secondary funding is the revenue shortfalls that occur through he decline of public spending and the low level of private sector endowments that force universities to increase tuition and other fees in order to make up for it. The result of this is that the post- secondary system is turning into a system that only the economic elite can afford. For many youth and other people, the rising costs have made post-secondary education less affordable. Fewer are able to save for education, and those who receive financial assistance often find it difficult to repay their loans.
Reliance by post-secondary educational institutions on tuition and other fees is making it more difficult for young eople from lower income families to get a post-secondary education. The post-secondary participation rate of young people from low income families is declining and the rates for middle and upper income groups increases. This is because it is affordable to middle and upper income families, but these individuals also are negatively affected by finding themselves troubled with years of debt after graduation that paid for their education.
Since funding creates this effect on low income families, they are less likely to gain the education and training they need to grow and prosper in their communities. “Fees in ost secondary education have nearly quadrupled over the last two decades” said the Canadian Centre for Policy Alternatives. This shows that expenses are ever rising and certain individuals with potential are being left out, or are not seeing all choices as being equally open to them. Expensive funds are affecting potential students decisions and pathways based on what they can afford.
As more students face higher debt levels, the negative aspect of stress occurs. Stress levels rise as students are burdened with the post secondary education financial pressure. Student debt is a major strain on one’s mental health. With the struggle to make a living, one can only imagine the domino effect that will follow each of these students and graduates as the years continue to pass by. A rocky financial situation could possibly lead to delays in the typical events of adulthood, like buying a home, getting married, and having children.
This generation of college graduates is worried their credit score will not grant them a sustainable environment and this worry will trail on for decades. The debt is much higher for those in professional and graduate programs that charge higher tuition and require longer periods of study. There are serious consequences for any economy that burdens new graduates and job entrants with heavy debt. One consequence is a significant increase in the stress as more and more graduates seek higher paying jobs outside the region to pay off their student debt.
Another consequence is that graduates who remain in the region postpone key personal and economic decisions such as marriage, children, home- ownership, and other big ticket consumer decisions, which impacts negatively on the region’s economy. The high cost of getting a degree is an “enormous financial stress” for students and their families. All the evidence both in Canada and the U. S. does indicate that financial stressors on students are even more pronounced than stressing about academic performance” says news reporter Maria Babbage courtesy of the Canadian Press.
This indicates that financial stressors on students are even more pronounced than stressing about academic performance Increasing reliance on funding expenses is eroding quality and accessibility of post-secondary education. As government funding falls, post secondary education institutions are find it increasingly difficult to recruit and retain good teachers and researchers. The post secondary education system recruits and retains competent faculty in a highly competitive market but is now declining.
Throughout post secondary education the most significant factor is the availability of faculty to impede growth in enrollment levels and program choice. Post secondary education facilities are experiencing a hardship in maintaining their existing facilities. This also creates the struggle to meet the demand for new equipment that certain courses must have. The technology-based services found through post secondary educations are also a struggle to meet the demand for. Funding s failing and creates the hardships and downfalls in education levels in certain populations.
Affordable access to quality post- secondary education is the cornerstone for prosperity in the new economy. Economic growth is increasingly tied to these education levels, since the economy offers opportunities for economic growth and prosperity, it creates a competitive environment for students. Since students are not being provided with technology based services or proper equipment, they are unprepared to compete. Proper post-secondary education is no longer a privilege, but a necessity if individuals, nd nations are to compete successfully in the new economy.
Since the reliance on funding from post secondary education institutes erodes the quality of the schools, individuals and nations are not able to compete as much. The funding fail is creating low quality aspects of post secondary education and stopping individuals from being the most successful they can be. The expansion of online learning, reliance on private service providers, and academic freedom is being eroded through funding fails. These effects have an impact on Istudents, manifested in huge tuition fees, a crushing student debt burden, ncreased class sizes, decreased services, and lower-quality education.
Higher levels of education generate higher levels of employment and income, and greater accessibility to postsecondary education generates a more equal and open society. Education is the best tool in the fight against poverty and unemployment. Post Secondary education plays an important and critical role in the social, cultural and economic success of people. Funding expenses rise considerably when students decide to attend post secondary institutes. Expensive funds makes post-secondary education unavailable and is not financially accessible for many tudents.
Even when students are financially secure to pay for their education they are still burdened with the post secondary education debt. This creates the negative effect of stress from long term debt that students face. And as funding fails, it introduces the downfall of high quality faculties and technologies. Post Secondary education systems encourage people to pursue higher education to build future economic success but in doing so funds should also be affordable. Since funds are expensive, negative effects become more prevalent throughout post secondary education.