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  • Essay / Problems with education loans and fees in the UK and USA

    One of the main reasons why students are unable to realize their full potential is the fear of not be able to pay their tuition fees. In the United Kingdom, graduate students at English universities pay an average of £9,188 per year, while in the United States this amount is significantly lower, as the average is $9,410 per year. Are the prices too high? Mental health has recently also come into consideration, with students seeking help due to tuition costs. Are health problems worth it? So overall the problems are getting worse every year. We must put an end to it and take into consideration the seriousness of the situation. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an original essay Firstly, the problem with UK tuition fees is that they go unnoticed quite easily. This is not a topic discussed in discussions as much as it should be. The effect of tuition fees can last a lifetime and this is no joke. The amount of money to be repaid is quite high and takes a long time to repay; one answer to this is loans. Loans are commonly used to pay students' tuition fees; £16 billion is lent to around a million students in England each year. Loans taken out reached £105 billion outstanding at the end of March 2018. The cost of education in England is rising every year, costing more and more. In the future, English students will graduate with an average debt of £50,800. This problem is always under people's noses because only the students themselves are facing it and this needs to change. Reducing tuition fees will take the pressure off students so they can focus on their studies and not on how they are going to pay for their education. Second, the United States also has the tuition problem, with around 5,300 universities and colleges. in the United States. More than 44 million Americans collectively hold nearly $1.5 trillion in student debt, meaning about one in four American adults need to repay their student loans. When they graduate, the average student borrower has $37,172 in student loans. This represents an increase of $20,000 from 13 years ago. Debt scares some people, but paying it off puts them more likely to delay buying a house, which means they have to take out a mortgage, which means they have to buy a property with a lower value . For women, it also discourages them from getting married and having children. They can also harm a person's financial well-being throughout their life, leading to a lower net worth, especially those going through financial difficulties with reduced savings and retirement savings who will fail to achieve their diploma. Not completing their education means that the dream career they want to pursue cannot come true, which is disappointing because they have worked hard up until now and for it to fall through can be upsetting. We would like them to continue their careers so that this world evolves, but that can't happen because of tuition fees and we can't let this continue. Finally, the effects of tuition on students' mental health are atrocious, as students reflect. their future by paying their tuition fees rather than focusing on their mental health