Monetary Policies & Financial Constraints: Impact on Students

EDUC 11503 Introduction to Higher Education for International Students

Task

Research Question

In what ways do monetary policies and financial constraints effect the students (domestic as well as international)?

Issues:

1. According to Thomson, a study conducted in Wales and England with parents of 15 – 18 years old teenagers, only 14% believed that the tuition fees were acceptable whereas more than half of the total participants surveyed felt that this much money was not worth it for a college degree (as cited in Ward, 2014)

2. Many students have to work part-time jobs to support high tuition fees for postsecondary education. As a result, students felt that they don’t get enough time for themselves and sometimes even for their studies (Ward, 2014).

Suggestions/Solutions

1. To resolve such issues government should learn new policies from other countries which are way more advanced in such matters for instance German Government providing students loans to all students without considering their family income – known as “Studienbeitragsdarlehen” (Bahrs, 2019) .

2. Not only financial schemes but other steps can be taken by government to improve education for the students with low income by introducing more of volunteer work. This is also one of the system Germen introduced in early 1970’s and named it as “BAf oG - Bundesausbildungsf ? orderungsgesetz” ? (Bahrs, 2019).

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