Essay on Costs of Post-Secondary Education

Costs of post-secondary education are rising each and every year. Most parents and guardians have the core mandate to plan for the future of their kids' college education. A long-range planning towards education in college means that guardians or parents should contractually commit to their kids' future in education wise. While other parents or guardians support ultimately paying for college willingly, others fail to contractually commit to paying for their sons or daughters for various reasons known to them. According to Carrns interview with a parent claims;

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"I want to do it, but I don't want anyone telling me I have to. Kids today need to stand on their own two feet and work their way through school like I did. I don't know what my future holds-college is too far down the road. I will only agree to do this if my other partner pays half of college tuition fees."

The above statements from such parent are what most scholars who advocate for paying college as lame excuses that originate from shirking familial responsibility. According to Carrns, in the current global world, we cohabit for a parent who is financially secure to give his or her kid after understanding, affection, and love is an education acquired from paying for college. Hence, for those comparatively wealthy families, the inkling of who is supposed to pay for college lies solely on the parents or guardian responsibility.

Consequently, Herman asserts that we have a two coin side towards the parents or guardian paying college. The one hand is that all parents wish to render their kids the greatest happy chance in life that is coupled with future that is financially sound. At all cost want their children not to have a beginning of life that is burdened with debts while they are in college. This responsibility is equated to more than a quarter million dollars of the total cost of college tuition fees. Herman continues depicting the average of college fees and tuitions published by College Board and Department of Education statistics as follows;

"Average published tuition and fees at private, nonprofit four-year colleges and universities increased 14% between 2008-09 and 2013-14between 2008-09 and 2013-14 beyond the rate of inflation. Costs have accelerated dramatically at public schools as well in the past five years up 27% from four-year schools and 29% at two-year colleges. To manage the expense, students are taking on more debtcovering 18% of the total cost of college this way in the 2012-13 academic year, according to Department of Education, up from 14% in 2008-09. Many are having a hard time handling the payments. One in 10 students whose first payments on federal education loans were due during the year ended Sept. 30, 2011, defaulted on those loans before Sept. 30, 2012."

All in all, expenses incurred in college are a concern and a significant burden to most of the parents or guardians who ill afford. The ill affording parents' lies on the ones their nest eggs have started to fall apart and lack sufficient time to start a rebuilding before they hope to start receiving their pensions of retired. What is juicy to the kid's education future is not a simple matter concerning who is capable of affording it or not, it is making sure that funds acquired are spent wisely, and a significant portion of it is invested in paying for college. Paying for college is an excellent investment all parents and guardian should make. Besides college, paying takes vast sums of money including even those set aside to use during retire, paying college is paramount to the child's future. Herman concludes saying that paying college is not an option; it should be mandatory. The question of, if college paying is a better option should never be asked. Instead, let the children showcase the importance of being paid college fees and tuition.

According to Brody, schooling is a huge investment in the child's future that also extends to your own too. Your child's education investment shouldn't come to a close at high school level. All guardians and parents should not get tired of paying for college at all cost. Never give up in paying even although it leads one to dip big into retirement pension or borrowing from friends to fund for college. Brody continues to assert that, when parents pay for college, they send a resilient message to their kids that all that matters most in them is college education. Also, a college education is not only important to them but also equally imperative to parents too.

Brody asserts that paying for college should never be equated to owning a new sports car. The son or daughter is not there to earn it. But paying for college should be an investment and not a consumption luxury. Paying for college is an investment apparently, most children stand no chance to make without, of they do, it's through punishing them through debts which at some point they are in a position to ever manage. Most parents and guardians have the capability to tap into financial assets than their children. Right away, a college loan has an interest rate of 3.86% if a kid qualifies. Why should a burden be transferred to a child in paying for college instead for the parent or guardian pay for him or her? Brody continues to state that, a child's earning power that accrues in college is of value to them than either the parent or guardian. Brady concludes by saying that, at some point in life, a custodian or parent may need financial support when at an old age from their kids. If the child got a college education, there is a likelihood that he or she earns a higher income with a college degree hence will stand at a better position to give financial assistance to their aging parents or guardians. Thus, paying for college is a better option for the parents or guardians.

Consequently, Lieber on the hand proclaims that paying for college is a waste or funds. Those financial investments guardians or parents pay in universities will be well taken care of if substantial money generating incomes investments would be set up for these kids. Children go to school up to high school level to attain basic knowledge. But at the college level, they go there for career reasons that will enable them to acquire good jobs that will make them earn big. If productive investments of college funds are channeled to money generating investments, the returns after four or more years will be high compared to what the child will be earning when employed. Lieber also affirms that college graduates are white collar jobs oriented. Hence, that is why the rate of unemployment is so high. College graduates depend mostly on employment rather than getting their hands dirty to make a living which most of the high school graduates does.

All in all, paying college tuition is not all about spoiling your kid (Kern, Alex). Undeniably, paying for them is securing their bright future and guaranteeing them an opportunity for a future reward. Equally, paying for the college sends a meaningful message of believing in them that through their hard work, gratitude and achievement can be incalculable.

Work cited

Brody, Michal et al. "They Say / I Blog". They Say / I Blog, 2017, http://www.theysayiblog.com/is-college-the-best-option/.

Carrns, Ann. "How to Manage a 529 Plan for Your Childs Education". The New York Times, 2017, p. A Single Page.

Herman, Linda. Should Parents Pay for Their Children's College Education? The Wall Street Journal, 2014, p. A Single Page.

Kern, Alex. "Don't Drop Out Essays By Kern". Medium, 2017, https://medium.com/essays-by-kern/don-t-drop-out-ed0e8d14e22d.

Lieber, Ron. "6 Tips for Avoiding The Worst Student Loan Repayment Traps". The New York Times, 2017, p. A Single Page.