subject: Free Money For College - Go Back to School Using Free Grant and Scholarship Money! [print this page] Free Money For College - Go Back to School Using Free Grant and Scholarship Money!
The concept of free money for college can be seen from many positive and negative points of view. It is a long term governmental investment, it will lead to a rise in a countries intelligence which will in theory further lead to a rise in human capital and a higher Gross Domestic Product. Moreover, even for the average student, the idea of getting a job and earning cash is extremely tempting. At such a young age there is little incentive to do something that they will benefit from in 3 years time when they graduate. The free money for college concept will give students an extra incentive and more motivation. Furthermore, education is a right and it should not be dependant on the income status of the parent. Free money for college allows children who have been raised in poverty to realize that they do have a future.
For many, It will be a chance to escape which potentially could lead to a decrease in crime in many of these areas. The Netherlands has successfully implemented this concept, the universities are mostly public and at a very low cost for the individual. Students all receive a small contribution from the government along with public transport card valid for transportation within the country. Furthermore the amount given is dependant on the guardians financial status. If the student comes from a low-income family evidence is given and more money is given to the student; the amount is also dependant on whether the student lives cost-free at home or in student accommodation. Additionally, the money is granted for a maximum of four years and the student must finish a degree within a ten year period, otherwise it must be paid back to the government.
Free money for college is a great concept, yet there is no such thing as free money' and the question needs to be asked; who will pay for this to be implemented? The Netherlands happens to have one of the highest tax rates in the World. Additionally, the dispensable income of the average Dutch citizen is significantly lower than the rest of the world. It will be the citizens who will be paying for this, and not necessarily with agreement. To conclude, government spending is always a trade off, does every man fight for him-self? Or does the government increase taxes so that every man is given an equal starting chance and free money to students can be given? If taxes are not increased, the free money could be given but then pensions, unemployment benefits or social housing could be the trade off. The choice of government spending comes down to people's values, and what the majority believe needs government assistance.
