College shouldn't be free because teachers need to be paid.Also if college is free some students will rather do other stuff than study. A huge amount of students will go to the universities like Harvard or Stanford and the problem is that later the universities will not be able to afford them.
For the ones who say that college should be free because it is a right and the cost of the tuition is high,think again,yes it is a right but some people may abuse of it and second the tuition is high because of all the management for an excellent education.
What do others think
"In 1978, it was possible to earn enough money to pay for a year of college tuition just by working a summer job that paid minimum wage. Today, it would take a minimum wage worker an entire year to earn enough to cover the annual in-state tuition at a public university. And that’s why so many bright young people don’t go to college, don’t finish or graduate deeply in debt."The Washington Post said.What the Washington Post is tryng to say is that on the past colleges where more affordable and easy to pay, but today is challenging.
The Foxnews said "Sharing college expenses doesn't have to break a kid's piggy bank. As with car buying, the published "sticker price" for college isn't always what you pay. Many schools offer money to applicants without financial need and colleges also sponsor work-study programs that can offset costs."What it is revering is that parents can help ,students on the college expenses and students can get a job to pay there debts.
College needs to be affordable
College needs to be, is to more affordable on the loans and debts because, most of the students don't finish paying their student loans and debts AFTER they graduate from College.
Simple and Compound Interest
Simple interest is only the principle amount of a loan, I=PxRxT, ,the P is the principal money you have at the start,R is the interest rate per year and T is the time where the money is invested..Compound interest is the principle amount of a loan and the accumulated interest "interest on interest".The interest impacts the concept of student loans because it afects them on their payment of the loans.A=P(1+r/n)nt,A is the amount of money,p is the principal,R is the rate of interest,n is the amount per year and NT is time in years.
The compound interest is more beneficial than the simple interest. because you earn more money
Enrollment and Cost
In the best fit line the enrollment increases 12% more by the higher rate of acceptance.