Free Education FOr All

Free Education for All in the UK Name Institution Free Education for All in the UK The value of education is greatly acknowledged all over the world, and there is no denying that the world is a better place simply because of education. However, in the recent past, the cost of education has become one of the most debated topics, and people have offered their thoughts on the issue. In the UK, for example, Burnett (2017) reports that education “total debt forecast to hit £200 billion in six years and to pass £1 trillion by 2045.” He continues to say that this will “dwarf credit card debt.” The above is astonishing and makes one wonder whether education is worth all that money or whether with its obvious and confirmed value, education should cost a dime. I believe the answer to the latter part of the above question is, No. Education in the UK should be made free mainly because of the positive externalities is possesses, promotion of equality in the society, and increased specialization of work. Education promotes innovation and leads to increased productivity in the society. Having a more educated workforce translates into a skilled...