You are looking at your dream job and imagine that the opening advertisement is right in front of you, but here is something that stops you from applying to this ever-wanted position, all because you do not fit the criteria they have set such a great opportunity gone with such a great loss.
Now that pandemic has hit everyone so hard that around 56% of American college has just become a dream because they can no longer afford their tuition fee.
Certainly, you can think of paying the expenses through student loan which offers to pay for the post-secondary education through the debt that covers all the expenses of being in a college, but What happens that there have been many instances where this debt only led to more financial crisis, or we can say that there is a price to pay for the student loan in terms of having lesser assets, a home with less market value and lower net worth.
Here comes another option that is free of all kinds of long-lasting perks, and this is a free college education. This is where the government or any charitable organization will be taking care of all the education-related things, including the tuition, books, supplies, and living expenses.
Although primary and secondary education is free in most of the countries in the world, but college education still lies a financially straining milestone to achieve. Nevertheless, free college education gives all the benefits of college either with a criterion of merit or no cost at all, just like secondary education is.
So here are some advantages of free college education.
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Top 10 Advantages of Free College Education
1. Reduction of the student debt amount
Every year there is a number of students who apply for loans in different institutions, and not just is this amount increasing yearly, but also the student loan defaulters are also soring high.
According to an estimate, by the year 2023, the defaulters of student loans or those who cannot pay for the student loan will be 40%.
So, the only chance for survival here is to have free college education offered by more and more organizations so that students do not have to feel as if their decision to get better education opportunities was all the way wrong.
2. Equal chance of education
There are many options for getting a higher degree. The categories of colleges have public and private both but some colleges from the private sector stand to be a better option in getting a proper higher education.
Having such high prices of getting into college will definitely limit the students from getting into an institution of their choice even if they are falling right on their criteria. A free college education is the only solution for those worthy students to get where they want to be so they can be equally benefitted.
3. More chances of advancements
Students are untapped potential, and college alone can help them bring forth what is needed for their talent exhibition. Unfortunately, people end up giving up on college only because they cannot afford college.
Free college education can take the responsibility of the raw talent to be in the best possible finished state.
Research cited the data from different studies showed that nonacademic talent is not academic learning, leading to various accomplishments. However, if a college education is given to these students, then these accomplishments can be enhanced.
4. The focus will be on education only.
Some students cover all kinds of expenses, while some loans take care of the tuition fee only while students have to struggle for the rest of the expenses. In this scenario, they have to work harder to make ends meet, and while attempting this, the studies can be badly neglected.
Even if the student loan covers everything, students still have to get jobs ahead of time and worry about paying the debt. A study conducted in 2015 shows a direct link between student loans and poor psychological functioning, also suggesting that there will be more impact in later life regarding job choices and health.
5. Better economic growth.
Graduating from college is also a transition period which means that a person has to get a job and maybe get married and start life by buying a house. Some may go further in having a car as well. So what if someone graduates with a bulk of debt on him and then spends these important years in paying it off. His many years can go wasted struggling to get a house and maybe get married and settled.
So free college education can get him to see the positive side of this and help him to start his life by making the best possible choices for himself. Research on dermatology students suggests that loan repayment can define their career choices. So we see that their decision the very much influenced by the student loan.
6. More options of taking courses
There are plenty of options to take up as a major in college. They come with different worth, and so their tuition fee is different.
Students who have to fund their education themselves can be forced to get into subjects they are willing to be in only because they cost less.
It is justified that the cost of the courses varies, but when students passionate about a field will not be able to get it, they can lose their interest. An education that does not give pleasure can never be internalized. A free college education is the right answer to it that students can easily compete and then get their major in the field as they desire.
5 Disadvantages of free college education
Free isn’t always as good as it may sound. Free college does look like a brilliant opportunity most delighting for the students, but what if we tell you that even the free college education can get us some disadvantages.
The idea of a free college education is similar to that of the education mostly given till secondary education. This is from the government when they offer free education, but another can be through a charitable organization.
1. Where is the money coming from?
The college is not free, or we should say no education is free because the staff and the building expenses had to be paid. So if we are talking about free college education, then those expenses of the staff and supplies have to be paid.
If the government is making the college free than that means they are cutting their budget off from somewhere else to make up for the education. What if that budget is cut from the defense and belonging to a country that is war-prone will not make things easier at all. In India, the education budget for the years 2020-21 was cut down by 6 percent, so it is now RS. 93,244 crores.
2. Learning about finances
When students take a student loan then they have to pay for it back. So, they are getting to know more about the value of money. They will get a better job and try and manage their budget. This will help them in getting a better understanding of money as well.
When college education is free, then you should know that they will be taking it very easy and never understand that how much value is put in education, and students need to take it seriously.
However, it is better suggested that the student loan should not be extended to so many years when the repayment comes. Rather it should be given a shorter time span in this way people can get their repayment quicker.
3. Lesser value of education
Everything that is earned has its greatest value. Imagine something that is given to students for free with no effort at all, then maybe the worth of that thing is very less. This can be seen in education as well. If the college education is free for everyone, students may take it very easily.
College is something that demands hard work, commitment, and dedication. All of this is sparked by the effort being put to get inside. Every student who has the idea of the struggle being put to get a student loan then they will always value the education they are getting, and their degree will be worth it.
4. More college enrollment
Going to college means that you are getting a special kind of education, and graduating successfully will have a desire to get a job that truly matches your education and potential. With a free college education, more people will be going to college, and everyone will be demanding the same type of job opportunity.
But is it really possible to cater to the needs of so many graduates? Having an educated population is definitely good for the country’s literacy rate. Still, in this way, the job market will shrink, and most educated graduates will have mismatched jobs. Let’s not forget that around half of the population in America is still unemployed.
5. Other expenses won’t be covered
If college is free, then they will mostly be paying for the tuitions fee. There are many other expenses, for example, boarding, books, supplies, and additional costs. Students will still have to worry about these costs to be covered. This means that you are not entirely tension-free. Rather still will be working.
Another perspective is that if the government is making the college free then they are also trying to cover this cost from somewhere else. You will be paying more taxes to make it sufficient for all the students willing to attend the college. The situation does not seem completely a win-win.
6. A slash on other programs
Government has to allocate its funds in different programs that, in one way or the other, benefit the people. There is a huge chunk of money required to make college education free. When this happens, the authorities will have to cut down on the programs that are helping many other people who are relying financially on it.
As we have discussed that it is not necessary that free education is really appreciated and students prove themselves well deserving of it. But many families who are getting grants from government programs can bear the non-seriousness of the students who are wasting the learning attained free of cost.
Conclusion
Education cannot entirely predict your true potentials because sometimes people have still ended up being better even without a formal education. But its importance can also not be denied because it gives all the enlightenment.
You can easily polish your skills and get your idea a better finishing by the education of the method is given to you. It is a blend of theory and practical both that college provides to students that helps them excel in whatever organization they will be working on later.
Unfortunately, many people cannot access better institutes or get a chance even to enter college because they do not have enough resources. Many people live in an income bracket that simply excludes higher education. So having a free college education is a promising and welcoming idea for the individuals who know how to make it useful.
Nevertheless, we have seen the disadvantages of education being free as well. So what should we do?
A criterion that is based purely on merit will filter out the students being passionate about their studies. Not just that, but there should be an arrangement that these students should be serving their country from where they have taken the benefits of free education.
Maybe free education will convey its long-term profits to those who really deserve it in this way. We can be hopeful of the times that will bring solutions to problems coming in aiding students.
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