Research Blog #3: Privatization and My Topic

The privatization of college has vastly changed the financial outlook for college students after graduation.  Privatization has led to changes in the student aid package, most notably an increase in the amount of student loans given out to offset the rising tuition rates.  As noted in the National Education Association's report, “loans have increased as an overall share of the student aid package, which can serve to make students acutely aware of the need for immediate employment upon graduation to pay them back” (NEA 4).  The addition of student loans affects students from lower socioeconomic brackets as they have the least amount of money to pay for school.  Lower and middle class students will then have thousands of dollars in loans to repay upon graduation, unlike their counterparts from more affluent families.  This perpetuates financial disparity.