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Murphy, R., Scott-Clayton, J., & Wyness, G. (2019). The end of free college in England: Implications for enrolments, equity, and quality. Economics of Education Review, 71, 7-22.
The article cites an example of a successful reform of the payment system by students of their college education. According to the study, the level of student participation from lower socio-economic strata decreased along with the increase in fees. The author graphs these and other changes to confirm the trend, highlighting the data by comparison.
Thus, according to the study, introducing a higher payment excludes the principle of inclusiveness. On the other hand, along with the growth of the high aid system, the involvement of students from those mentioned above less well-off families has increased. Therefore, it is worth considering reforming the college tuition system not only as a means of increasing the tuition itself but also by increasing the amount of aid, bonuses, and foundations.
Montalto, C. P., Phillips, E. L., McDaniel, A., & Baker, A. R. (2019). College student financial wellness: Student loans and beyond. Journal of Family and Economic Issues, 40(1), 3-21.
The material well-being of college students occupies an important place in the system of values that universities must uphold. The article contains an overview of the critical aspects of the financial situation of students as the basis for the development of their solvency.
The author thoroughly understands the importance of students financial literacy in setting tuition fees, which they still have to pay. In addition, student loans are an essential aspect of an institutions assistance in making education affordable for students.
In summary, college tuition is part of the foundation of education and cannot be excluded. However, there are various types of help for students to ease their financial situation and ensure smooth tuition payment. While some educational institutions choose a course to increase pay and bonuses, others have enough resources to provide loans and grants. According to the articles considered, educational institutions should create favorable conditions for a comfortable financial situation for students.
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