...Date: College Cost being affordable to all One of the most important pieces to becoming a triumphant business woman/man may be receiving ‘college education’. A college degree may be perceived to be a necessity and may be slowly becoming an unreachable ambition for a number of people. Most consider college cost to have been rising and that the increasing rate may be outpacing that of most other costs. At the same time as the cost of college increases, families may have to alter their way of living to be providential enough to take their kids to most colleges. Alongside with how families’ lives vary, countless other problems may be produced in a variety of ways. The college cost ought to be lowered for the reason that it compels a heavy burden to both the children and parents, causing some students to change their preference of the college to go to, and puts off some students from even attending college. Ensuring the cost of college is kept at an affordable level will open wide-spread educational opportunities to those otherwise unable to attend institutes of higher learning. It may be unclear to what the literal reason may be, for the continued rising of college tuition rates, or the reason why tuition rates may be rising higher and faster than the rates of inflation. So as to establish the cause of rising cost of college, it may be important to study a number of aspects that may be tied into the cost of college increasing. The problem may be clear; owing to colleges raising...
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...College in today’s society has become less of an option and more of a necessity. When it comes to looking for jobs, internships, and even business loans, your education background is one of the first things reviewed. A solid education will allow for opportunities that may not have been available without it. In previous decades college was looked at as a luxury and therefore not essential for such opportunities. With today’s new fad of attending college it has made the job market extremely competitive. And with this competition the better education background you have, the more of an advantage you have over others. Many base success on your career and status which is often founded by a good education. Like anything, education has its cost and it does not come cheap. The average college student graduates with 26,000 dollars in debt. As it may seem college is expensive enough. However, because of inflation, the demand for a solid education, technology, and resources, college cost is increasing at a rapid rate that will not only affect the common student but also take a toll on the society as a whole. Inflation is usually known to be the cause of the general cost of living increasing over time. Inflation causes the consumers buying power to be decreased. With the price of foods, goods, and services increasing, that also includes college. Naturally as cost increase we seek more income. That is not to leave out the incomes of college authorities and staff, they also expect more...
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...than half of bachelor degree recipients at four-year for profit institutions carried education debt of $30,500 or more during the 2007-2008 academic year, compared with 24 percent of those at private four-year institutions and 12 percent at public four-year schools” (Clemmit). A college education is meant to prepare people for a desired career where they can hope to attain the American Dream but unless you come from a wealthy family, paying for this education could take the rest of your life. With constant budget cuts in education, universities are forced to increase tuition prices dramatically which results in students graduating with large amounts of debt and no guarantee of a job to pay it off. Raising tuition prices is unfair to the students hoping to accomplish their dreams and live life the way they choose. Universities are taking advantage of people coming out of high school willing to do whatever it takes to prepare themselves for the career they desire. Something should be done to stop these schools from raising prices so high that taking a loan out is a common practice to pay for school. American families are having a hard enough time as it is with the recession and the housing market fallout to even consider putting more debt on their already sinking credit. The government should recognize that with tuition cost rising so much, less people are pursuing a higher education. Education is one of the most important aspects of a first world country. If a student is...
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...Rising Student Loan Default Rate: The Next Financial Crisis in the United States Rebecca Richards QBT1 - Language and Communication: Research October 1, 2012 Rising Student Loan Default Rate: The Next Financial Crisis in the United States Introduction Higher education is an important resource for career focused people here in the United States. In order to attend college, most students have to take out loans in order to cover the cost of attending. However, the rising rate of student loan defaults has recently become a serious issue that needs to be addressed. Economists agree that the rising amount of student loan default can prove to be a good indicator when seeking to predict future payments on student loans (Ismail, Serguieva, & Singh, 2011). Recent studies have shown that the growing rate of student loan default on higher education loans could cause another financial crisis in the United States because the loans are government backed, the cost of higher education is on the rise, and unemployment rates are on the rise preventing repayment. Taking on student loans can feel like and endless cycle of entrapment to the borrowers and they are often left with the belief that they have no other choice than to default on their loans. It is impossible to say with 100% certainty where the culpability lies for this unfolding crisis. One point of view is that the students may be at fault for not fully understanding the magnitude of the debt they are taking on...
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...Debate Discussion: Is the Cost of College to High BCOM/275 Debate Discussion: Is the Cost of College to High A college degree is found to be necessary in today's society to obtain a good paying job. Employers believe that it doesn't just provide you with the education needed but makes you a better person through the experience. With the increase cost of college, financing ones education has become a struggle. Although there are many scholarships and grants for students to apply for, they can be difficult to obtain. The idea of paying back possibly thousands of dollars in student loan debit can also be a scary for most. Especially for millions at a time when families income are hurting. Cost of College Increasing The average cost is higher at higher colleges "the average debate in 2011 was $23,300, with 10 percent owing more than $54,000 and 3 percent more than $100,000, the Federal Reserve Bank of New York reports. Average debt for bachelor degree graduates who took out loans ranges from under $10,000 at elite schools like Princeton and Williams College, which have plenty of wealthy students and enormous endowments, to nearly $50,000 at some private colleges with less affluent students and less financial aid" (Martin, Lehren, 2012). Another inpact for the rising cost; funding cuts, also drive college tuition up. College are needing to be able to make up the lost, therefore pass it...
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...Information Studies 210 11/30/2015 My topic is why the tuition is rising for both public and private universities and colleges. Since the students debt is higher than ever and graduates can’t find a good paying jobs in the market. Why do higher education such as colleges becoming expensive for students? Some students in college or university are facing financial woes including myself because of limited funds for the school year. We as students are facing some tough difficulties when it comes to pursuing the degree we want to get. Colleges and universities are becoming expensive and more students are going to the third options because of finance problems and we should try to work something out about these higher tuition rates cause some drop outs and low enrollments for some colleges and universities. According to a search done by Peter Cohen, “The lack of difference in value between state schools and the more prestigious private colleges is compelling. A private college - including tuition, room and board - costs about $50,000 a year, compared to half that price for a state school. But according to a study cited by The New York Times, the average lifetime incomes of comparably talented graduates of public and private institutions are about the same for most students - in terms of financial value, it's hard to justify the tuition difference” (Cohan). This means that private or prestigious colleges are even more expensive than a regular private or public university and this...
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...to attend college and earning less upon graduation—trends that have led many observers to question whether a college education remains a good investment. However, an analysis of the economic returns to college since the 1970s demonstrates that the bene ts of both a bachelor’s degree and an associate’s degree still tend to outweigh the costs, with both degrees earning a return of about 15 percent over the past decade. e return has remained high in spite of rising tuition and falling earnings because the wages of those without a college degree have also been falling, keeping the college wage premium near an all-time high while reducing the opportunity cost of going to school. The sluggish labor market recovery from the Great Recession has refueled the debate about the value of a college degree. Although the unemployment rate of college-educated workers has remained well below average, there is mounting evidence that recent college graduates are struggling to nd good jobs.1 At the same time, college tuition has risen sharply, reaching record highs, and col- lege graduates are increasingly nding themselves saddled with debt from student loans used to nance their education. By the end of 2013, aggregate student loan debt in the United States exceeded $1 trillion, and more than 11 percent of student loan balances were either severely delinquent or already in default.2 With the costs of college rising and the bene ts in doubt, many are wondering whether earning a college degree still...
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...2018 Rough draft/ Outline Claim/thesis: The cost of higher education affects young american students because the rising increase in tuition causes many students to experience high amounts of debt. BODY PARAGRAPH 1: The controversy over the affordability in higher level education has increased over the years. As more and more students are deciding to pursue a college career, these institutions are becoming forced to charge certain amounts of tuition for attendance. As a result, this has caused some colleges to drastically increase their overall tuition prices. However, the increase in tuition causes many students to be affected financially; which can lead to a result in the decrease of educational...
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...Higher Education: An Investment or a Gamble? Higher education has been a staple in western civilization for those who wish to be part of the economically privileged. Social perception has modified the previous thought into believing that to enter the “middle class” that a person must have a college degree, more specifically a bachelor’s degree. Every year the amount of Americans attending higher education rises, yet the United States now has the highest college dropout rate in the world with only 56% of college students completing their bachelor’s degree within a six year timeframe (Pathways to Prosperity, 10-11). Each year the odds that an individual choosing to attend a four-year university will dig their own financial grave by not graduating increases due to the continuing steep rise in tuition. The long term effects of this will create an ever widening gap in our economic classes causing a continual imbalance of higher percentages of persons in the lower economic class and a lower percentage in America’s middle class. Several factors attribute to why this shift is continuing to increase speed with increased tuition costs at the epicenter. In 1980 the average cost for tuition, room, and board for a four year institution adjusted for 2010 inflation was $8756 (nces.ed.gov). This cost has risen almost 250% in constant dollars to $21,093 while the average middle class household income has only risen 11% when adjusted for 2011 inflation ($55,873 in 1980 to $62,434 in 2011)...
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...Rising Costs of College College tuition is a hot topic these days. For a long time, people did not pay much attention to tuition. Today, things are changing. More and more people are realizing how high tuition has reached and now they want that to change. In this essay, I have tried to approach a very difficult topic. The problem with this topic was that while searching for facts and information I found that almost all of the information regarding it was attack after attack on the college administrations. I found no writings by college administrators attempting to defend themselves. When I started the research for my first paper this semester, I thought I would just be cruising through another English course, effortlessly composing the required essays, and looking over other peoples' thoughts on topics I could not care less about. That all changed when I discovered the truth about how much college tuition has gotten out of control over the years. Students have every right to be angry about the state of college tuition. In the past 20 years, "tuition increased twice as fast as the overall cost of living (Larson, 63)." Between 1980 and 1990, the average cost of attending public and private colleges increased by 109% and 146%, respectively “ (Hood, 10). To put these figures into perspective, we can compare them with other rising costs during the same 10-year period. Those who can afford these outrageous prices can usually also ignore it. As for the rest of us, when every...
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...May 2014 Student Loans Rising An Overview of Causes, Consequences, and Policy Options William Gale, Director, Retirement Security Project, The Brookings Institution, and Co-Director, Urban-Brookings Tax Policy Center Benjamin Harris, Deputy Director, Retirement Security, The Brookings Institution, and Fellow, Urban-Brookings Tax Policy Center Bryant Renaud, Research Assistant, Economic Studies, The Brookings Institution Katherine Rodihan, Claremont McKenna College The authors thank Elizabeth Akers, Matthew Chingos, Donald Marron, and Russ Whitehurst for helpful comments. The authors also acknowledge generous research support from the Ford Foundation. Introduction As of 2013, outstanding student loan balances in the US exceeded $1.2 trillion, more than any other type of household debt with the exception of mortgages.1 Following several years of rapid growth in outstanding loan volumes, student debt burdens have attracted increased attention in recent years. This policy brief reviews trends, issues, and policy options related to student loans. Federal student loans offer several important benefits. They help students attend institutions of higher education and help families cover or defer the costs of attendance. However, like other loans, student loans need to be repaid, which can strain borrowers’ income and affect other economic choices. From the outset, we note that isolating the impacts of student loan debt is a difficult exercise. Student loan debt represents debt undertaken...
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...Hays RHET 105 February 28, 2016 An Annotated Bibliography: “The benefits of a college degree does not outweigh the cost of it” Abel, Jaison R., and Richard Deitz. "Do The Benefits Of College Still Outweigh The Costs?." Current Issues In Economics & Finance 20.3 (2014): 1-12. Academic Search Complete. Web. 6 Mar. 2016. People who graduated with a college degree still questions whether college was a good investment for them. “Do the Benefits of College Still Outweigh the Costs?” addresses how students who graduated with a college degree are still unemployed and in debt. Furthermore, students have paid more to attend college and earning less upon graduation. This academic journal compares both the pros and cons of attending college. It contains graphs and illustrations that contribute more data about increasing tuition and how it affects your decision about whether to attend college. “The total costs to attend a 4-year college outweighs some people’s home value.” I thought this quote summarizes the academic journal very briefly. “Do the Benefits of College Still Outweigh the Costs?” is a scholarly source and an academic journal. The data in it is really reliable for my research paper. It contains graphs and illustrations which could be used to make conclusions. This academic journal is more biased towards the people who believe that the benefits of college do not outweigh the costs. I could potentially use this source to support my thesis more efficiently. I could...
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...typical Americans today believe that college degree will assure their future life. It is actually rising time over time over time for the last 60 years. Most of private schools have set their tuition over the ceiling cost, yet community college is rising at a constant rate much lower than in a private university. Compared to the rise of the inflation, college cost has been rising as fast as three times which has caused students to take much more loan than they could handle to pay back on time. First, the major effect of the rising education tuition is financial security of the students. A large number of Americans suffer from the skyrocketing college tuition, but that doesn’t hold them back from pursuing their degree. The cost of education at a community college has risen gradually, and private or elite school is far out of many students price range. At a community college, students are more comfortable with the tuition because it is much lower than a four year college or private school. Either full time or part time, students can strengthen their financial need by working on the campus or outside the campus while they have the opportunity. For most middle class Americans, community college is a best school to start higher education because it can help them to save thousands of dollars. Students can take as many basic courses as they need to fill their credits requirement for the first two year of their study. After finishing community college, students may choose to continue their...
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...room, and board fee increase in public 4-year colleges in the United States (Tuition and Fees and Room and Board over Time). According to The Department of Education, about 40% of college students in the middle class achieved their bachelor's degree within 8 years. That is about 60% that dropped out because of financial issues, low grades, or illegal behavior. The cost of college education is rising, which is why it should be free. Students often cannot attend college because not everyone can qualify for federal help, the tuition and housing cost rising each year, many students having to pay their phone bills and be able to pay for other...
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...Joe Kolasinski Professor Madden English 111 21 October 2013 Is Higher Education Worth It? The cost of tuition for higher education is quickly rising. Over half of college freshmen show some concern with how to pay for college. This is the highest this number has been since 1971 (S. Chan and Kim Chan). The amount of college graduate debt has been rapidly increasing also. With limited jobs available because of the high unemployment rate, college graduates find themselves staying in debt even longer. However, grants and financial aid are available to students, but students still struggle to pay for their college tuition. Although some claim that higher education is still affordable, higher education costs too much because the state’s revenue is low, the unemployment rate is high, and graduates cannot pay off loans. One reason that higher education is not affordable is that the states’ revenue is low and the states are in debt. Because of their decreasing tax revenues, many states need to make cuts in their budget. As a result of this, tuition is rising and other changes are happening throughout colleges. Some of these changes include: higher student to faculty ratios, less but larger classes, and fewer on-campus jobs that normally support students (Scaliger). These changes affect students and impact their view and decisions of certain colleges. The tuition rate has also “been rising at about 6 percent a year for most of the past ten years” (S. Chan and Kim Chan). This percent...
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