Higher education could be funded in three ways. All costs paid by government, all costs paid by students or students paying all costs through a government loan. What are the advantages of these choices?

Higher
education
is important for both individuals and society as it enables individuals to pursue a more satisfying job and better life and provides society with a more innovative and productive workforce,
although
it can cost a large amount of money.
Therefore
who should pay for it is a question worth considering. The three given options,
government
paying all
costs
,
students
paying all cost and
students
paying all
costs
through
government
loans will be discussed in
this
essay in terms of their advantages.
Government
paying all
costs
can ensure all qualified high school graduates the opportunity to receive higher
education
, irrespective of their economic conditions.
This
funding model helps to promote social equality and to narrow the gap between the rich and the poor.
For instance
, people from low-income families can find jobs with high salary through college
education
and improve their living standards.
Students
paying all
costs
by themselves could motivate them to learn harder with moderate stress. As they are fully aware of how much they invest in their
education
, they will make more efforts to complete it and gain benefits from it. The
second
advantage is that
government
can save money on
education
to spend them on more urgent public affairs,
such
as poverty and health security. The paying mode that the
government
offering low-interest loans to
students
considers more about
students
’ benefits and
education
equality compared to the
second
option. People from low-income families will not be held back from college finding the cost unaffordable. For governments,
this
option will not cause too much financial burden as they can expect the money from the release of the loan to be returned. In summary,
students
paying by themselves could motivate them to study hard but can affect
education
equality.
Government
paying all
costs
is best for
students
’ welfare but burdens itself.
Government
offering loans is a compromised way that not only supports
students
to embrace higher
education
but
also
generates revenue for governments.
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