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The Co$t of Education

The Co$t of Education. Rahul Mathew Kenji Troyer Chris Christy Christopher Allen Ramon Polanco. See. What is the Problem?. School tuition is too high! On what grounds? The average cost of college increases twice the inflation rate* It is disproportionate to aggregate income growth*

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The Co$t of Education

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  1. The Co$t of Education Rahul Mathew Kenji Troyer Chris Christy Christopher Allen Ramon Polanco

  2. See

  3. What is the Problem? • School tuition is too high! • On what grounds? • The average cost of college increases twice the inflation rate* • It is disproportionate to aggregate income growth* • 50% of college graduates have student loans with an average debt amount of $10,000 (2006) *National Center for Education Statistics

  4. Tuition Rises Video

  5. Judge

  6. The 2008 Budget • President given 2.8 trillion dollar budget • Spends $626 billion on defense • Spends only $56 billion on education 2008 Federal Budget

  7. The Federal Budget 2007-2008 Defense 2008: $626.6 billion 2007: $548.8 billion Change: +14% Education 2008: $56 billion 2007: $89.9 billion Change: -37%

  8. Catholic Social TeachingRole of Government and Subsidiary  • “The church had consistently held that public authorities must ensure that public subsidies for the education of children are allocated so that parents can freely choose to exercise this right without incurring unjust burdens.” U.S. Catholic Bishop , 1986 Pastoral letter on catholic social teaching and the U.S Economy Economic Justice for All : A Pastoral Message Stated the following: number 343 -Picture of St Thomas Moore at St. Johns

  9. Catholic Social Teaching • Community and the Common Good - We have a moral obligation to build a society that provides the greatest opportunity for benefit for the greatest number of people possible

  10. Act • What should we do? • Vote for a US president this year! • Budget your expenses

  11. Barack Obama “Too often, our leaders present this issue as an either - or debate, divided between giving our schools more funding, or demanding more accountability. Obama believes that we have to do both, and has offered innovative ideas to break through the political stalemate in Washington.”

  12. Ron Paul • Most of Paul’s popularity is derived from his argument against federal involvement in any venue. This stance does not preclude education, as he supports the abolishment of the Federal Department of Education (DOE).

  13. Too Costly?

  14. Incomes- New York City Accountants, Marketing, and Operations

  15. The College Degree- An Asset • In 2003, workers with bachelor's degrees earned a median of $49,900. • Those who'd completed several years of college with no degree had median earnings of $35,700 • Those with a high school diploma averaged $30,800. 2003 College Board Statistics

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