I’ve been to university in Australia and I’m a proud graduate from the university of malone. The fact that I’m on the cusp of my degree show’s how much commitment I have to the university and the university’s future.
Ive written a couple of articles about how university tuition is insane and how it’s a great way for young graduates to get their foot in the door, but I must admit I wasn’t really expecting to make that statement so soon. University is one of those places that seems to be much more expensive per year, but I guess it’s the way things work (for the most part). If you are a student, you are paying for things.
In the UK it is possible to earn a university degree for free. In the US, universities often provide a discount on tuition costs, but the process may not be as simple. Colleges will often require that you apply for a student loan and also pay back a certain amount of that loan. In some cases, you can use the money from your student loan to pay for courses.
I was recently on a college campus and was shocked to learn there are no free courses, although I know there are some that are free. This is because the American Government is legally required to provide free education to all children regardless of where they live or how much they earn. In the UK, the same thing is illegal, but in reality its not. There are some schools that are fully free, while others charge some form of fee.
Universities in the U.S. are not free because the government needs to pay for them. In the UK, there is no such requirement. They are completely free.
This is especially true if the school is located in a low income area because some students would be unable to afford the school. But in the U.S. it’s a pretty easy process. You can get a federal tax deduction for all or part of your tuition, or there is a scholarship available for your child. If you’re a graduate of a state university or a private school, you can get a federal tax deduction for up to half of the tuition cost.
I was in the middle of a class on the subject of tuition in one of the schools I studied at when I first graduated. I remember the day it was first announced and I was a bit annoyed because they said it was only for a year and it was only for people with $100,000 in college debt.
The tax deduction applies to the first $3,500 in tuition, so if you have $3,500 in college debt, your first $3,500 in tuition can be deducted. If you have less than $3,500 in college debt, the deduction becomes available for up to half of your tuition. So if your debt is at the low end, say $200,000, the deduction is available for about $25,000.
It’s not that taxing college tuition would be a bad idea. In fact, some of it may be necessary. If one of the kids who’s graduating with debt gets a job that pays more than $50k a year, it’s likely that they will still be paying the same amount of college debt. And if that one kid’s parents are also paying the same amount of college debt, it’s also likely that they’ll be paying less.
It’s a little difficult to know how much debt you have at the beginning of a college education, but it’s certainly not the case at this point. The amount of debt a student carries is not a reliable indicator of how much debt you’ll have in the future. The best way to figure this out is to compare your total student loan debt to the total amount of student loan debt you have now.