1.1 BACKGROUND OF THE STUDY
The cost of education is at its highest now more than ever even in first world countries where a lot of measures have been tactically put in place to aid and raise the standard of education and level of literacy per individual. Students take out loans to put themselves through college especially for the study of professional courses to be paid after graduation and working. Governments of these developed countries make it possible for people to study without the overly hindrance of the financial factor but the cost is there nonetheless. It doesn’t show still as the importance of education especially in these developed countries are still more significant and all the more and seems to be directly proportional to the rising cost so that it doesn’t pose so much of a social problem as it would seem. However the issue is not so bad in these developed countries as it is in the developing and underdeveloped countries where the quality and importance of a tertiary education isn’t as profitable as in developed countries and no as proportional with the hard and stringent economic conditions so that the effect is visibly on the students and potential students. And seeing the importance of education the impact is of devastating proportions especially as it is pertaining more to the youth of the nation with their strategic significance to the overall survival of the country’s future.
1.2 STATEMENT OF THE PROBLEM
Education in the 21st century is no doubt a basic need as its need is fused into the entire existence and needs of society so that to even navigate through the world of a technologically advanced world and a global one at that, one needs not only basic education but a significant level of it. For this reason governments have put measures in place to subsidize it seeing the importance if it. However, even with the subsidisation of education, its cost still borders along the level of preposterousness almost as much as health care. And the implications are significant especially on the youth.
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