Speech 1100 Essays - Education, Money, Finance, Debt, Student Debt

Speech 1100 Persuasive speech Tuition fee is simply too high Attention getter: 12 pesos per credit hour 1,000 pesos per semester that's how much I paid for my education when I was in the Philippines. To break that down that's 20 U.S dollars. 20$ per semester! Can you imagine? You might not fully understand the depth of numbers that I am saying but you're about to. I might have an extreme example here, but we all pay way too much for our education. After all, almost all of you agree with me according to my survey last November 9 2015. its a problem that has a huge impact to all of us. Simply because we're here and we have to pay for being here. CREDIBILTY: Personally I have a fear of getting to the point of borrowing money for my education simply because I can't afford it, that's why I decided to join the military next year, to get a subsidize tuition. and that is why I am interested of doing this topic. Thesis: tuition cost is too high and we only define ways to deal with that, and allow our self to not be in debt when we graduate from college. External preview: now today I'm going to give you couple reasons why tuition fee is as high as it is, the cause and the solution that will help students obtain an education without going into extreme debt. S.P: now let's go to the main problem. PROBLEM: Tuition cost is simply too high. According to our COD website under tuition and aids updated last 2015, author unknown, for resident people within the district pays $151 per credit hour, that's $4,557 per year but that's not all because we still have to pay for our books. Now our tuition fee is not bad compared to private colleges and well known universities like UIC. According to UIC undergraduate admission website under all other colleges/programs, author unknown, last updated 2015: tuition fee itself cost $14,816 per year this include mandatory fees, mandatory assessment and obligation fee. But that's not all on campus room and board cost 10,882 per year and books and supplies cost around 1,400 per year. UIC students are paying around 27,098 per year. Now, how do we pay our tuition cost? It's a combination of multiple things. You can either have a parent that will pay for it, you can either have a job, you may be eligible for financial aid, you might be granted a scholarship, and the most important form of payment is student loans. Actually money.cnn.com published an article in (New York) lastSeptember 10, 2014 author Blake Ellis. entitled more than 40 million of Americans now have student loans debt. Just the title of the article is mind boggling. Due to increasing tuition cost each year 40 million of American is now in debt, that's up from 29 million consumers in 2008, according to credit bureau Experian. 18 percent of this people expect to take their debt to the grave. According to an article posted in US News last 2014,author uknown, The average amount ofstudent loan debtagain crept up for the Class of 2013, and is approaching $30,000, according to a new report from the Institute for College Access and Success. Can you see the Irony here? According to a statistic in the website business insider posted July 13,2015. Author uknown, United State is ranked 7 riches country in the world, yet people in it is dying out of debt. S.P: now I believe that its not okay, but before we change something about that, we have to know How the Government is Making Your College Tuition More Expensive CAUSE: According to an article titled "how the government is making your college tuition more expensive" author Ben Harris, posted august 22, 2014. Found In informationstation.com "Even with mounting tuition costs, college applicants still line up to compete for a seat in a university classroom. This relentless demand for higher education is primarily explained by the promise of higher wages: A college degree can help graduates secure a better job and a bigger paycheck. But because most universities can only enroll a limited number of students, the demand for a college education is much higher than the