Question

Many people in the United States seek further education after graduating from high school. An economic system should answer the questions, "Who should receive education?" and "How is that education paid for?"
Do you want to continue your education after high school? If so, what do you want to study? How we pay for college education?

Answer 1

Answer:

Higher education should be pursued by people who think are capable of getting a degree. That means they have to demonstrate exceptional intellectual skills and a work and development ethos. It should be paid individually (usually by a personal fund kept by parents until someone reaches the college age), or by a scholarship if an individual proves to have exceptional cognitive levels.  

I personally plan to continue higher education. I would like to major in English literature. Having in mind it's an often sought degree, I do not think I would be eligible for a fully paid scholarship. I would opt for partial funding from my parents' fund and partial funding from a scholarship.