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Chapter 1521 Can't afford to read books?

"But have you ever thought about it? You have to sit in that position to be qualified to talk about change?"

Yang Cheng’s resounding problem did not make Santander unexpectedly hesitate or shocked. Obviously, he was not the first to talk about similar suggestions.

"My proposition will not change, my behavior will not change!" Santander's tone was extremely dull, but it was precisely behind this dullness that there was firmness!

Yang Cheng still wanted to continue to persuade him, but Santad brought the topic back to the pressure of the students.

"Now, nearly 70% of American undergraduate graduates are in huge debt when they leave school, with an average amount of more than $35,000.

One in eight graduates need to pay more than $50,000 in "excellent student loans" after graduation, which does not count the credit card debt left for the sake of paying off during school.

Apparently, those students who go to medical schools, dental schools, nursing schools or graduate schools have more debt.

Before participating in the competition, I commissioned a university in Fortmont to conduct special research. Although other types of personal debt have decreased year by year in recent years, students' debt has been growing.

Currently, all 43.3 million students in the United States, including current students, graduates, and dropouts, have a total of more than $1.3 trillion in student loans, which is more than triple from 2004 and exceeds the total of all credit card and auto loans in the United States.

And among these 43.3 million people, more and more people will bear student loan debts throughout their lives.

According to our statistics, Americans who are close to retirement are the group with the highest debt of student loans, soaring from $2.8 billion in 2005 to $18.2 billion in 2013.

I still remember a gentleman I met at a speech rally in Nevada, 55, who told us that we have been paying off student loans for the past 25 years, but after 25 years we have more debt than we did when we were on the loan.”

Yang Cheng listened quietly, Santander was very calm when it came to the question of whether he could ascend to the throne.

But once it involves the people's livelihood issues he cares about, he turns into an angry young man, like an ordinary young man complaining about social injustice!

But what can Yang Cheng do? He seems to be unable to do anything by himself. The only thing he can do is to send someone who can solve some of the problems to the position he should sit, but he is unwilling to accept his own funding.

Trouble! Depressed! This is Yang Cheng’s mood at this moment.

The global problems raised by Santard are not only unsolvable, but there is no possibility of a slight relief.

What is more unlucky than being poor is getting poorer; what is worse than being expensive is getting expensive!

This is the problem that all students studying in the United States are facing now, not only local students, but also foreign students.

Hopefully the world will become better by itself is as illusory as hoping to win the first prize by buying a lottery ticket. Not only will it not become better, but the reality will become worse and worse.

In the United States, a student is likely to become a heavy burden on the entire family and is becoming heavier.

The reality is that the cost of higher education is rising, and it is becoming increasingly difficult for ordinary Americans to obtain the college education they want.

For more than 40 years, the tuition fees for four-year public universities have almost quadrupled even if inflation is calculated.

Tuition fees have risen by 60% in the past 10 years alone.

Despite the serious situation, the US ZF still did not make corresponding measures and even made wrong choices.

The cost of going to college is rising steadily, but the per capita public education funding for students has been declining.

This situation has been going on for decades, and the Great Recession has worsened the situation, and ZFs in various places have begun to drastically cut funding for public universities.

Since many governors’ campaign donations come from large, wealthy companies, tax cuts to the rich have become a key task, which is more important than allowing working-class students to obtain university education. In other words, what customers need is votes, and whoever can vote for them will get help.

This is also what Santander doesn’t like the most!

He said, “In 1980, the state ZF subsidies for teaching costs were close to 80%, and now it is less than half.

In the United States, more than three-quarters of college students attend public universities, what does it mean to them to cut funding?”

Yang Cheng spread his hands and replied helplessly, "It means that for these students and their parents, regardless of their salary has stagnated for decades, they still have to bear the soaring college expenses."

Santander pressed his desk and said, "That's right! 40 years ago, education expenditures for public universities accounted for only 4% of the family's annual income, but now they account for 15%.

40 or even 30 years ago, students could earn a full year of college tuition as long as they did a full summer part-time job and earned the minimum wage at that time.

Nowadays, students with minimum wages need to work for a whole year to save all of this money to have enough funds to pay for the state's public universities.

But you and I know that the minimum wage standard is even harder to live, let alone have a surplus.

This has formed a vicious cycle. Many children from low-income families need to work while going to school. Sometimes, in addition to classes, study and unpaid internships, they also have to undertake more than one job.

Think about how they have to work at McDonald's when preparing for the final exam, they have to work at McDonald's. It can be imagined how their grades will be. A simple estimate is that the time spent on working for college students during their studies is 30-40 hours a week, which means they have half the time they study less than students who do not need to work.

Apart from geniuses, can ordinary people get the same grades in less than half of their study time?"

Yang Cheng opened his mouth. He wanted to say yes, but when he thought about his experience in college, he couldn't even say this sentence.

In recent years, a strange phenomenon has appeared. In the past, students with high grades in every university generally came from low-income families, because studying is their only way out. Only by getting good grades in school can they change their lives!

Nowadays, the top students are often born in middle-class families and do not need to worry about tuition and living expenses. Many of them even come from wealthy families because they have higher requirements for their children's education. Without you needing to waste time on your work, you can imagine how your grades are.

Those students who need to go out to work and earn tuition can only barely get a diploma and cannot get a letter of recommendation from their supervisors, so they are not qualified to enter a large enterprise for internship, cannot get a high salary, and cannot pay the student loan. The debt pressure forces them to do physical work, at least how many jobs they can earn money to pay off their debts.
Chapter completed!
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