The Co$t of Education Rahul Mathew Kenji Troyer Chris Christy Christopher Allen Ramon Polanco

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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 twice the inflation rate* The average cost of college increases twice the inflation rate* It is disproportionate to aggregate income growth* It is disproportionate to aggregate income growth* 50% of college graduates have student loans with an average debt amount of $10,000 (2006) 50% of college graduates have student loans with an average debt amount of $10,000 (2006) *National Center for Education Statistics

Tuition Rises Video Tuition Rises Video Tuition Rises Video Tuition Rises Video

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The 2008 Budget President given 2.8 trillion dollar budget President given 2.8 trillion dollar budget Spends $626 billion on defense Spends $626 billion on defense Spends only $56 billion on education Spends only $56 billion on education 2008 Federal Budget

The Federal Budget Education 2008: $56 billion 2007: $89.9 billion Change: -37% Defense 2008: $626.6 billion 2007: $548.8 billion Change: +14%

Catholic Social Teaching Role of Government and Subsidiary Catholic Social Teaching Role of Government and Subsidiary “The church had consistently held that public authorities must ensure that public subsidies for the education of children are allocated so that parents can freely choose to exercise this right without incurring unjust burdens.” “The church had consistently held that public authorities must ensure that public subsidies for the education of children are allocated so that parents can freely choose to exercise this right without incurring unjust burdens.” U.S. Catholic Bishop, 1986 Pastoral letter on catholic social teaching and the U.S Economy Economic Justice for All : A Pastoral Message Stated the following: number 343 -Picture of St Thomas Moore at St. Johns

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

Act What should we do? What should we do? Vote for a US president this year! Vote for a US president this year! Budget your expenses Budget your expenses

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

Too Costly?

Incomes- New York City Accountants, Marketing, and Operations

The College Degree- An Asset In 2003, workers with bachelor's degrees earned a median of $49,900. In 2003, workers with bachelor's degrees earned a median of $49,900. Those who'd completed several years of college with no degree had median earnings of $35,700 Those who'd completed several years of college with no degree had median earnings of $35,700 Those with a high school diploma averaged $30,800. Those with a high school diploma averaged $30, College Board Statistics