Higher education can be funded in several ways including the following three:
1. all costs are paid by the government.
2. all costs are paid by the students.
3. all costs are paid by the student using loans from the government that must be repaid after graduation.
Discuss the benefits of each option. Which is the best one?
The rising cost of higher education is a significant issue facing governments around the world. Three ways are there to fund higher education and each has its own merits. This essay shall discuss the benefits of each method and identify the best one.
To begin with, if the government pays for higher education it would contribute to a prosperous and civilized society. It is true that human resource is of great importance to every nation. Investing in higher education, therefore, helps establish high-quality labor force with great expertise in the future. Moreover, it gives students from all walks of life the equal chance to further their education.
If the student has to cover the full fees of his tuition then naturally he would be more serious in his study. The onus of getting the full value for money spent on higher education would be on the student and this would result in better graduates which would benefit the nation as a whole.
The third option in which all costs are paid by the student using loans from the government that must be repaid after graduation is the best one in my opinion because even the have-nots would get equal opportunity to get higher education and as the students would know they have to repay the loan after they have finished education, the universities would not be flooded with non serious students.
In conclusion, I believe that, each of the above methods has its own pros but the third method in which all costs are paid by the student using loans from the government that must be repaid after graduation is the best.