
My roommate can't afford to attend the University of Wyoming, but she's here. The last deadline for payment for this semester was last Friday, October 17th. And she hasn't paid the full bill.
Because she can't afford it, does that mean she doesn't deserve to be here? She has merit enough to be accepted by enrollment and get a music scholarship, but don't buy what you can't afford?
It makes sense in the domestic world when one is exchange money for goods and then immediately using those goods. But when we talk about education, we're talking about investing. We are getting our degrees not necessarily for the fun and prestige of it, but we know down the the road it will help us get a better job and live comfortably. That's why those that can't afford it are more willing to take out loans---the likelihood of them obtaining a better job with a college degree increases dramatically, just as finishing high school makes a difference. NPR's personal finance expert, Chris Ferrell, considers student loans "good loans," loans you want. Not only that, but a nation wants educated people (what economists term "human capital) because they will be the ones who pioneer new technology, or will be able to lead, or teach next generations, etc.
The value of education is priceless...but also very expensive. This goes beyond attending the luxury private school, but even more reasonably priced public universities. I claimed earlier that race is a poor reason for someone to be given help in the admissions process, so why should income be treated any differently and be given concessions?
1. Economists David Ellwood and Thomas Kane discovered that the role of family background in influencing post-secondary “training choices” has been increasing overtime. Meaning, it may be harder for those in "bad neighborhoods" to get the proper encouragement and guidance they need in planning their future. A college education can make a unparalleled difference in the outcome of someone's life. A study by the College Board backed this up when they found that only 54% of those from families in the bottom quartile enrolled in college, compared to the 82% from those in the top quartile. If they can't afford it, why should they even bother?
2. The child’s expectations are shaped by their environment, and Michael McPherson and Morton Schapiro, co-authors on a book about financing college, concluded that the lower the income, the
less likely a student was to apply to a prestigious college, the
less likely that they would be admitted, and the
less likely they would enroll if accepted;
despite their qualifications.3. And unlike minorities, and in some cases athletes who are admitted more carelessly, low income students who are admitted are more likely to succeed.
Having a low income is more disadvantageous that being a minority. There are some districts where over 75% of the students have free or reduced lunch. Schools like this are simply unable to afford the same services that other schools can offer. The book
Equity and Excellence described situations in low-income neighborhoods where 36% of the teachers left midyear. These students are struggling with an incomplete education, no matter how much they work and they shouldn't suffer for it. A study compared the average cost of of money spend on students, about $7000 being the average, found that in low-income neighborhoods (the study used Detroit) only about $4000 was spent per child, and in high-income neighborhoods about $11000-12000 dollars were spent.
These are circumstances that are brought upon students but which can be improved Unlike race, income hampers the quality of education a child receives and therefore the ability of them to properly demonstrate their abilities. And coming from a poor environment may hamper their success as well. I believe there is a false assumption that minorities need more help because minorities are
10 times more likely to attend a poorly funded school. But a minority shouldn't be favored over a white child who attend lived through the same situation as they had.
Sure, it would be great if we could have an admissions process based solely on merit and talent. And the solution could be leveling the school systems (NOT by No Child Left Behind) and putting more funding into struggling schools, etc. But we don't live in a fantasy world where solutions can be quickly solved by doling out money we really don't have.
Give a penny to the wise, and the penniless.