On the uses of a liberal education: At times it appears that the purpose of his education is just to entertain him.
Share via Email Goldsmith University students protest against the increase in tuition fees.
Graeme Robertson Education has long been seen as a principal source of economic mobility. But for years now public education, and especially public higher education, has been under attack.
American states now spend one-fifth less per public college student on average than they did a decade ago. In California, which once boasted a public higher education system that was the envy of the entire world, state funding per-student has been cut in half. As a result, despite the fact that fees for tuition, room and board have been rising faster than inflation for the last 20 years, public universities in the US have been forced to make deep cuts in the programmes and services they provide to make up for this hole in their budgets.
Similar cuts have been made in the UK, where in the name of rebalancing the budget, the government seems determined to dismantle what has been an extraordinarily successful system of public-financed higher education and replace it with one modelled on the private debt-financed system of higher education that is already on the verge of collapse in the US.
Because neither the existing US nor the prior UK funding model seems to have much of a future in the current economic and political climate, what I propose is this: Not means-tested, not cheap, not subsidised, but free.
These promises would then be stacked together for each university class or cohort for example, the class ofsecuritised, and sold to investors at home and abroad. Through the securitisation process, investors would acquire an equity interest in the average income of the entire cohort.
Because average income moves with inflation, these securities would be largely risk-free, and therefore would be very attractive to investors. Some of these savings could even be returned to the taxpayers in the form of tax cuts. The payments ultimately made by each individual student would bear a strong relation to what turned out to be the financial value of their university degree, something that does not necessarily happen now.
For those who earned more would pay more, and this would tie what one pays for one's education more tightly to the economic value one receives. They would provide enforcement services against those who failed to pay, but given that payments due are tied to income received, failures to pay should be rare.
And unlike the current system for capping and forgiving student debts, no contribution from the public purse would be necessary to ensure that these payments were affordable for all, for affordability would be built into the very nature of the promise. Look at what this does.
It satisfies the concerns of the left: No longer would poor students have to choose between working long hours at menial low-wage jobs to finance their education, thereby jeopardising their ability to perform well in or even complete their courses, and taking on large debts they cannot begin to pay.
Under my proposal, no one would be forced to pursue high-income occupations in which they were not really interested for fear of being otherwise unable to pay their education debts. And most importantly, the securitisation process would offer the giant, insatiable, worldwide pool of private capital — currently out there looking for a safe place to go — a way to invest in the earning potential of the product of the nation's public institutions of higher education.
Instead of merely being used to create economic weapons of mass destruction, the advanced techniques developed by the financial services industry would now be able to be used for a far more constructive purpose — creating investment vehicles of mass education. This content is brought to you by Guardian Professional.
Looking for your next university role? Browse Guardian jobs for hundreds of the latest academic, administrative and research posts.Extra Interesting Persuasive Essay Topics That Every Teacher Would Appreciate Difference between Good Persuasive Speech Topics and Argumentative Topics Interesting Persuasive Essay Topics to Cover Persuasive Essay Topics for Elementary Students Good Persuasive Essay Topics for High School Children Persuasive Essay Topics on Education .
University Education Should Be Free Essay. Independent - University Education Should Be Free Essay introduction. Leadership. Equality. All of these are three characteristics as to what free university education can provide to citizens.
Jan 23, · I believe that in a perfect world, college education should be free for everyone, but at this time, it is simply not a viable option. The benefits of a college education are clear in both monetary benefits (college graduates make on average $20, more than non-graduates) and intellectual benefits.
Some people think that they can learn better by themselves than with a teacher. Others think that it is always better to have a teacher. Which do you prefer? Use specific reasons to develop your essay. Nov 19, · 'Education should be free to everyone, at every level' Although the clash with police marred the day, Eleanor Muffitt hopes the student protest .
In my argumentative essay, I discuss the ethical side of having a free education system. I discuss the positive sides and the negative sides of free education, and I focus mostly on having free higher education since we already have free education up to High School graduation levels.