University education should be free Research Paper

University education should be free - Research Paper Example ss amount of money per public college student and state funding of the students and universities has been lowered or even cut to half as in California. â€Å"Education has long been seen as a principal source of economic mobility. But for years now public education, and especially public higher education has been under attack† (Reiff). Several educational reforms and financial planning could be carried out to make university education free for the students, because it would not only facilitate the students but also help in lowering the overall cost of educational budget. The fees for tuition, boarding have been inflating for the past 20 years, inspite of that the public universities have to make cuts in the various services and educational programmes in order to compensate for the deficiencies in the budget. Free university education for every person would be a possible solution to the current inflation and economic dearth. â€Å"Not means-tested, not cheap, not subsided, but free. For everybody† (Reiff). This could be made possible by implementing the tax payment, hypothetically 6 percent to the university which would provide the undergraduate degree. Those who earned more would pay more and who earned less would have to pay less, but at the end every person would have the privilege of having an undergraduate degree. Students will not have to work long hours in order to finance their university education, which not only affects their performance but also puts them under large debts they cannot pay (Reiff). Inability of United States to provide free higher education proves to be a downfall when compared to other developed countries which provide free university education. University education is not only an important determinant of the economic progress but also determines the employment rate in the state. â€Å"Currently, only 30% of Americans who start college or university end up graduating, and this represents a huge waste of time and money† (B. Samuels). If as

Strategic Corporate Finance Essay Example | Topics and Well Written Essays - 2500 words

Strategic Corporate Finance - Essay Example There are several capital budgeting techniques that can be used by companies; NPV can be defined as the difference that exists between the present value of cash outflows and the present value of cash inflows. The technique is applicable in capital budgeting in the analsyiss of the profitability that is associated with an investment. The analsysis is usually sensistive to ythe future cashflows that are reliable that a project is likely to yield. The technique usually compares the value of a dollar at the current moment in regard to the same dollar in the future. The values must be inclusive of the effects of inflation and the rate of returns that are expectrsed from a project.a project that has a negative NPV should be rejected because the expected project would probably yield to a loss. In the available projects in the case of Yorkshire, both inshore and off shore prohjects should be rejected because they both have a negative NPV ammounty. That will mean that if the company goes ahead with the project, the company will end up getting losses. IRR can be defined as the discounting rate that is used in capital budgeting in an attempt to make the net present value of cashflows from a project equalto zero. The higher the IRR of a project, the more desirable a project is. IRR is therefore useful in the ranking of projecst that may be considered by a company. If all factors are constant, the project that yields the highest IRR should be considered and undertaken. Irr is also termed as economic rate of return. (ERR). Irr can be thought to be the rate of growth that a project is expected to generate. The IRR of a project can be compared agaibnsts the rates that are [prevailing in the securities matrkrt. If a company can not find a project that hjas an IRR that is greater than the retunrs, the company should prefer investing the retained earnings into the market. The working capital of a company is equivalent to the current assets less the current