This paper approve that people who have higher education are able to distribute their time and resources more rationally, thus the effectiveness of their labor is increased. It is also that they are taught to use the variety of methods for solving this or that problem instead of concentrating on one method. Higher education gives its recipients the basic knowledge in different spheres of social and cultural science, thus presenting them a massive of additional information that is often helpful in their future job.
It is also that government subsidizing of higher education gives opportunities to obtain financial and social status to those who wouldn't have managed to earn it otherwise. It's a proven fact that people with a degree earn more than those who don't have it, thus higher education is the only way to wealthy life for most of the American citizens.
This esay makes a conclusion that the system of subsidizing of the higher education in the U.S should be changed for to open the access to education to those who are really unable to finance by themselves, instead of lowering the college expenditures for those who can already allow paying for it. The amount of merit-based aid should be decreased for to increase the expenditures for the need-based aid. It is also that the financial aid should be rather given in the form of grants instead of making students take the loans they later have great difficulties repaying. ...Show more