Education has the potential to make a massive difference in people’s lives. It helps individuals, society, and the whole world. It allows everyone to read, communicate and make a well-informed decision. A person with a great level of education has more possibilities in life, makes more money, and higher standard of living. The world of higher education is filled with questions revolving around the economic disparity that comes from exorbitant student loan debt. College students of different genders, races, and nationalities have sought out colleges to aid in paying for tuition costs and have been helped by some but have been left out more often than not. Students have had a growing inequality as access to further education has become easier for those less prepared to take on such a debt burden.
The debt crisis of students from different genders, races, and nationalities
Students are being denied access to a quality education because of the high cost of education and their gender, race, or nationality. According to our findings, the middle-class group is most negatively impacted among minority student borrowers. Those who borrowed money to go to college but haven’t found a job or don’t have enough family wealth to pay it back. Universities are still not accessible for many people of different genders, races, and nationalities.
Challenges of minorities:
In comparison to their dominant race colleagues, students of color are underrepresented in post-secondary schools. A lack of linguistic breadth and usage is a significant issue for first-generation students of color. Because just 30% of black households have internet access, they frequently don’t know how to choose trustworthy websites or evaluate the vast amount of information accessible. A high dropout rate is caused by a lack of financial resources combined with a weak skill set. Research evidence suggests that ethnic and racial minority students are likely to experience problems of alienation, marginalization, and loneliness than white students.
Debt crisis:
Students have always had difficulty paying for higher learning; it is an age-old challenge in every society, but the present problem is a real crisis where student loans have climbed to unimaginable heights. Over $1.6 trillion students in debt have been accumulated by 44 million Americans, and the number continues to rise. Today, on average, college graduates make 80% more than individuals with only a high school education. Technology improvement makes it more challenging to earn a decent salary without a college diploma.
Inclusive system for minorities:
Everyone has the right to learn; this is why we need an appropriate education system regarding minorities that guides them in their educational process and changes the way society thinks toward them to make them equal citizens as everyone else.
- The use of teaching assistants or specialists has the potential to be both inclusive and controversial. A professional who assists instructors in meeting the needs of all pupils, for example, is working inclusively. An expert who pulls pupils out of class on a regular basis to deal with them individually is not.
- An inclusive curriculum incorporates regionally relevant topics as well as contributions from marginalized and minority groups. It eliminates black-and-white narratives and allows curricula to be tailored to the learning patterns of children with exceptional needs.
References:
- How the student debt crisis affects African Americans and Latinos – Equitable Growth”, Equitable Growth, 2021. [Online]. Available: https://equitablegrowth.org/how-the-student-debt-crisis-affects-african-americans-and-latinos/. [Accessed: 14- Dec- 2021]
- W. Lee Hansendn; Marilyn S. Rhodes (1988). Student debt crisis: Are students incurring excessive debt?. 7(1), 0–112. doi:10.1016/0272-7757(88)90075-1
- Unigo.com, 2021. [Online]. Available: https://www.unigo.com/admissions-advice/what-kinds-of-obstacles-do-minorities-face-in-higher-education. [Accessed: 14- Dec- 2021]
- Ethnicity Race and Culture – Racial And Ethnic Minority Students In Higher Education”, Education.stateuniversity.com, 2021. [Online]. Available: https://education.stateuniversity.com/pages/2345/Race-Ethnicity-Culture-RACIAL-ETHNIC-MINORITY-STUDENTS-IN-HIGHER-EDUCATION.html. [Accessed: 14- Dec- 2021]
- https://www.cnbc.com/2020/06/12/how-student-debt-became-a-1point6-trillion-crisis.html. [Accessed: 14- Dec- 2021]