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, self-supporting, and
students
paying the cost through government
loans
will be discussed in
this
essay in terms of their advantages.
Governments
paying all the fees can ensure all qualified high school graduates the opportunity to receive higher
education
and to pursue a better life through it, irrespective of their economic conditions.
For instance
, people from low-income families can attend universality without paying
then
find jobs with high salaries after
education
and improve their living standards. An obvious advantage of
students
paying the cost by themselves is that
governments
’ financial burden will be eased. As they can save money on
education
, the budget can allow more money to be spent on other urgent public affairs,
such
as poverty, health security, or unemployment. Paying through low-interest
loans
from
governments
certainly lessens
students
’ stress, compared to the
second
option. Undergraduates do not have to do part-time to support themselves while studying but can pay off the
loans
later after being full-time employed.
This
option will not cause too much financial difficulty for
governments
either, as they can expect the repayment of the
loans
and even a small amount of interest. In summary,
students
paying by themselves could motivate them to study hard but may harm
education
equality.
Governments
paying tuition fees is best for
students
’ welfare but burdens itself. In comparison, offering
loans
is a compromised and most feasible way to supports
students
to embrace higher
education
.
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