The Co$t of EducationThe Co$t of EducationRahul MathewRahul Mathew

Kenji TroyerKenji TroyerChris ChristyChris Christy

Christopher AllenChristopher AllenRamon PolancoRamon Polanco

SeeSee

What is the Problem?What is the Problem? School tuition is too high!School tuition is too high! On what grounds?On what grounds?

The average cost of college increases The average cost of college increases twice twice the inflation rate* the inflation rate*

It is disproportionate to aggregate income It is disproportionate to aggregate income growth*growth*

50% of college graduates have student 50% of college graduates have student loans with an average debt amount of loans with an average debt amount of $10,000 (2006)$10,000 (2006)

*National Center for Education Statistics *National Center for Education Statistics

Tuition Rises VideoTuition Rises Video

JudgeJudge

The 2008 BudgetThe 2008 Budget President given 2.8 President given 2.8

trillion dollar budgettrillion dollar budget Spends $626 billion on Spends $626 billion on

defensedefense Spends only $56 billion Spends only $56 billion

on educationon education2008 Federal Budget2008 Federal Budget

The Federal Budget 2007-2008The Federal Budget 2007-2008

Education2008: $56 billion2007: $89.9 billionChange: -37%

Defense2008: $626.6 billion2007: $548.8 billionChange: +14%

Catholic Social TeachingCatholic Social TeachingRole of Government and Subsidiary Role of Government and Subsidiary 

““The church had The church had consistently held that consistently held that public authoritiespublic authorities must must ensure that public ensure that public subsidies for the subsidies for the education of children education of children are allocated so that are allocated so that parents can freely parents can freely choose to exercise this choose to exercise this right without incurring right without incurring unjust burdens.”unjust burdens.”

U.S. Catholic Bishop , 1986U.S. Catholic Bishop , 1986Pastoral letter on catholic social teaching and the Pastoral letter on catholic social teaching and the

U.S EconomyU.S EconomyEconomic Justice for All : A Pastoral MessageEconomic Justice for All : A Pastoral MessageStated the following: number 343Stated the following: number 343

-Picture of St Thomas Moore at St. Johns-Picture of St Thomas Moore at St. Johns

Catholic Social TeachingCatholic Social Teaching

Community and the Community and the Common Good - We Common Good - We have a moral obligation have a moral obligation to build a society that to build a society that provides the greatest provides the greatest opportunity for benefit opportunity for benefit for the greatest number for the greatest number of people possible of people possible

ActAct

What should we What should we do?do? Vote for a US Vote for a US

president this president this year!year!

Budget your Budget your expensesexpenses

Barack ObamaBarack Obama

“Too often, our leaders present this issue as an either - or debate, divided between giving our schools more funding, or demanding more accountability. Obama believes that we have to do both, and has offered innovative ideas to break through the political stalemate in Washington.”

Ron PaulRon Paul Most of Paul’s Most of Paul’s

popularity is popularity is derived from his derived from his argument against argument against federal federal involvement in any involvement in any venue. This stance venue. This stance does not preclude does not preclude education, as he education, as he supports the supports the abolishment of the abolishment of the Federal Federal Department of Department of Education (DOE). Education (DOE).

Too Costly?Too Costly?

Incomes- New York CityIncomes- New York CityAccountants, Marketing, and Operations

The College Degree- An AssetThe College Degree- An Asset

In 2003, workers with bachelor's In 2003, workers with bachelor's degrees earned a median of $49,900. degrees earned a median of $49,900.

Those who'd completed several years Those who'd completed several years of college with no degree had of college with no degree had median earnings of $35,700 median earnings of $35,700

Those with a high school diploma Those with a high school diploma averaged $30,800. averaged $30,800.

2003 College Board Statistics2003 College Board Statistics