I really believe that education up to a Bachelor's should be paid for by the state if you choose to go to a college or university that is in the state you live. Basically, if you live in Columbus and want to go to Ohio State then Ohio should flip the bill. If you live in Columbus and want to go to Notre Dame then you are on your own.
You have to look at the state of our country. We went from a farming to industrial/manufacturing to now a tech/service economy. The employers are demanding a certain skill or higher education from its workers. They day of graduating high school and getting a job at the local plant and working there for 30 years is basically over. Most people change careers 5 times in their working life. I would encourage everyone to get another degree in something other than what they are currently doing. You should always have a fall back plan.
Also, studies show that certain socio-economic problems do not occur when a person has a college degree. Furthermore, states will benefit from tax revenue created by corporations coming to the state and having higher paying jobs.
I really do not like the idea of starting out a life in debt and that is what essentially is happening to recent college graduates. Then the majority can never get out of debt. They file for banksuptcy and that effects every comsumer out there. The pay for jobs is not increasing with the level of interest rates and inflation. Basically, according to the recent Compensation Planning Survey purblished by Mercer Human Resource Consulting, pay increases are stagnant as corporate profits rise.
I also believe that a person should be working through college. They do not need to work full-time but they need to work at least part time. Working gives a person a sense of responsibility and it teaches them a little bit about fiscal responsibility. The tuition and books are the only things that should be paid for. Rent, food, etc etc should be paid for by the studen/parent.
The idea behind all this is that a person with a college degree will have greater earning potential. The higher the income the more tax revenue a state can collect. The person who would take advantage of the state funded college will pay it back in taxes over time. Now the key is keeping the kids in the state in order to collect the tax revenue.
Lastly, anything that helps edcuate and better our society should be looked at closely. I am not for socialism, but I am for anything that is able to help a community, state or even our country.
These are just my thoughts on the subject
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