The price for a college education has been on the rise, forcing students and their families to incur a large amount of debt. Michael Harkin writes in his article “The Wyoming Way”, other than simply earning more money, “the value of studying science and the humanities is incalculable”. Common in America in particular, college is seen as a social norm. At least in my cultural setting, college was framed as a rite of passage, leading into adulthood and a job.
Middle class status is almost a necessity for affording college. The cost of tuition for a private college is commonly billed in the $60,000 range; it is common for public universities to feature a $20,000 in-state tuition package. Families are almost forced to support their children’s tuition, for if they don’t, students will graduate with debt potentially upwards of $100,000. Often times, lower-middle class and lower class families can not afford to assume the stress of tuition bills and the potential student works instead.
Education has been made a distinct priority in America, and many jobs now require a college degree. But higher education has been becoming harder and harder to afford; with tuition prices still on the rise, debt has the potential to pile up quickly with its high interest rates, especially when the job economy is not ideal. College represents a commitment to the thought of earning more money in the future, while incurring large amounts of debt.