...Kiran Raju Professor 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...
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...Today, a college education is a necessity, yet for thousands of people it is unattainable. Most high paying jobs require that a candidate has earned a college degree, something many young adults struggle to obtain. This is a growing problem, but it is one that has a solution, and making college free can benefit this country and its people. The high cost of a college education has proven to be an increasing issue for young students. Since 1978, there has been a dramatic increase in how much it costs to attend a four-year school, an increase of 1,122 percent (Ellison). This staggering statistic puts into perspective just how difficult it can be for some students to further their education. It does not come as a surprise that low income families...
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...cost of college education People who possess a degree have a better chance of finding successful careers. However, a college education has been getting increasingly more difficult by the sky-rocketing costs of college tuition. The authors of “Administrative costs in higher education: how fast are they really growing?” state that: “The College Board says the average tuition and fees at public four-year colleges and universities increased by 27 percent beyond the rate of inflation over the five years from the 2008-09 academic year to 2013-14. After adjusting for inflation, the cost of tuition more than tripled between 1973 and 2013” (Hedrick et al 124). The tuition cost now becomes a cause of considerable public concern because it is very high compared to how the economy has been and how wages and financial aid have not risen with the cost of tuition. With the cost of college rising, many have asked a question: Is a college education worth the cost? Anyway, it cannot be denied that a college education always remains an important investment for the future. Tuition is usually the first thing that comes to mind when planning for higher education. It is the largest portion of the bill when attending a college or university. Tuition is a term that refers to tuition, fees, and room and board charges per student. According to Robert Martin, the author of “Why tuition costs are rising so quickly?”, for the 2006–2007 school year, the average cost of tuition and fees...
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...Injustice of Alabama Prepaid Affordable College Tuition Program One injustice currently affecting my community, my family, and many other families throughout the state of Alabama is the Alabama Prepaid Affordable College Tuition Program (PACT). Instead of maintaining a “college fund” savings account at the bank or investing in stocks or bonds, many parents and grandparents “were sold on PACT and its assurance that they were paying tomorrow’s tuition costs with today’s dollars” (White, 3). So, they “decided to play it safe with guaranteed tuition for their children and grandchildren when they reached college age with a plan that was backed by the State of Alabama” (White, 3). Now, those parents and grandparents who had the foresight to plan ahead and secure the future education of their children and grandchildren by sacrificing to purchase PACT Plans are being told that education is in jeopardy and is no longer guaranteed (White, 1). The Prepaid Affordable College Tuition Program was originally started in 1990 when then State Treasurer George Wallace, Jr. and Lt. Governor Jim Folsom, Jr. sold the Legislature on the idea. (Rawls, 1). The two-decade old PACT program allowed families to prepay tuition by buying contracts when their children were young. (Rawls, 3). The state invested much of the money that parents paid into the program in stocks to generate enough money to cover the cost of four-year tuition at a state university by the time the child finished high school...
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...According to the College Board (2009), college tuition rates are expected to increase at rates of five to eight percent each year. The cost of one year’s tuition at a public university currently averages $6,585 (College Board, 2009). At a rate of five percent per year, tuition could be increased by $329 each year. Imagine a child who has 15 years before attending college. Is it better to pay $6,585 or $11,520 per year? Fortunately, there are many options available to assist families in saving for future college expenses. When it comes to preparing and paying for college, one option is to start a Qualified Tuition Program, which guarantees current tuition rates and provides tax free savings. Qualified Tuition Programs were created in 1996 by Internal Revenue Code (IRC) 529 (Internal Revenue Manual, 2009). IRC 529 sets forth requirements plans must meet in order to receive federal tax exemption status for Qualified Tuition Programs. These types of programs are commonly referred to as ‘529 plans’ because of the code number they were created under. According to IRS Publication 970 (2009), a Qualified Tuition Program is any “program set up to allow you to either prepay, or contribute to an account for paying, a student’s qualified education expenses”. These programs are set up and maintained by states or eligible educational institutions. There are two types of plans; Prepaid Qualified Tuition Programs and Qualified Tuition Savings Programs. Prepaid Qualified Tuition Programs allow...
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...Week 7 Written Assignment: Tuition Reimbursement Implementation Report XCOM/285 Essentials of Managerial Communication May 22, 2011 Robin Minard The following report was drafted to further explore expanding employee benefits within in the organization. We had a very profitable year and adding tuition reimbursement as an employee benefit for the employees working on their bachelor’s degree in business or communication can be a positive in more than one way. The organization is in the perfect position to proceed with the education reimbursement employee benefit due to the fact that the company has already approved a budget inclusive of this additional employee benefit costs. Expanding the employee benefits to include tuition reimbursement will increase the level professional opportunities ( improvement in self esteem), increase the career options, and improve earning potential, increase employee retention, all having a positive benefit on the organization. National statistics show during the last decade, more companies are offering a tuition reimbursement benefit and are spending more money helping employees get degrees. Universities and community colleges also have started offering more flexible classroom hours for working students and even offer some degrees through online courses ( Schultz, 2007). An opportunity to obtain a degree will improve the quality of life for our employees. This investment in them will allow them to be the best employees for our organization...
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...College tuition is a nightmare among people seeking a higher education. It is not decreasing; in fact, it has been on a rapid nonstop rise since 1978. Tuition is a growing concern since many of the job openings require some sort of college degree to even be considered for the job. Today’s society has made college appear as a requirement in order to succeed in life, but in order to succeed one must go bankrupt paying for it. Since the institutions are allowed to set rate on tuition it is only becoming more difficult for students pay. As a result, students have to seek alternative ways to cover the hefty costs. It seems as tuition went from affordable to sky high overnight and because of such an exponential increase it has forced a negative effect on students by: having to join the military, taking out student loans, developing health issues, and even selling drugs....
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...College Tuition Reimbursement Amanda Taylor October 23, 2010 Imagine a young woman or man receiving their first job. Now each of these two individuals knows that they want to further their education and move up in the company that they are working for. Both of these people go to the HR department and receive what the benefits will be as they continue their work at this company. The young lady finds out that in her benefits package she can receive college tuition reimbursement. What is that you ask? College tuition reimbursement is an agreement between an employer and employee that outlines specific terms under which the employer may pay for the employee's continuing education. Among the benefits an employee can receive, this is the greatest one by far. I will be explaining why college tuition is a great asset to every company benefit package and how it can help improve the company. My sister works at the local hospital. She has been working there for about a year. She is a CNA which stands for Certified Nurse’s Assistant. Now this certificate is easy to achieve. You take a couple classes over a three month period and you take a test at the end and you become certified. Anyone can do it. Health care is a growing career, with that being said there is a strong need for people in this type of field. The hospital offers college tuition reimbursement. My sister can attend school to get her nursing degree while still working at the hospital and they will...
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...Introduction Vying with other applicants for a job position is difficult without an adequate college education. The primary problem is the rising cost of pursuing a postsecondary education makes it difficult for students to afford and complete their college degrees. Tuition has doubled three times since 1980 and outpaced the nation’s inflation rate, whereas the student loan debt is at its highest at over $1 trillion (Sobel, 85). That is comparably higher than the rate of credit card debt (Education). Current policies by legislators do not directly address setting tuition rates, but establish the parameters and budget for the boards to follow (Weeden 2015). Your proposed alternative to the current tuition policy, by implementing a tuition free...
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...Should College Tuition be Free for all Students? I believe that most students today struggle to pay for college. Unless you are a 4.0 grade point average student with a complete scholarship to the university of your liking, you are subject to the same condition as the majority of college students that struggle to pay the tuition for a four year school or attend community college to transfer after two years. Despite the fact that I attend community college and call myself “financially stable” for the moment, but even with my mother’s income and with what I make myself, I am still not able to completely finance my way through college. I consider myself to be blessed as that does not even compare to what a student at a four year university has to pay for tuition; paying for tuition becomes even more burdensome if you are attending an out of state school or private university. Although financial aid tries to help students with their tuition with no expectation of being paid back, that money is generally insufficient in covering the majority of the debt. As a result, a “financially stable,” or lower status would still mean that you undertake debt that cannot be paid back in full for years to come. With that fact in mind, should college tuition be free for all students? In order to fully answer this question, I began exploring different articles that offered different opinions as to what should be done to resolve this issue. “Free College, We can afford it” by Katrina vanden...
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...Tuition Reimbursement Implementation Report Ronald Ahrens XCOM/285 Essentials of Managerial Communication University of Phoenix The following report was helping us explore why we should expanding employee benefits with in this he company. We had a good year but without a good year it would benefit the company so adding tuition reimbursement as an employee benefit would be great. It would help the employees working on their degree in business or communication as they are working for us so this can be a positive in more than one way showing we care about their interest expand their career by going back to school. The company is in the perfect position to proceed with the education reimbursement employee benefit due to the fact that the company has already approved a budget inclusive of this additional employee benefit costs by paying 100 percent for a A 70 percent for a B and a 50 percent for a C. Expanding the benefits to include tuition reimbursement will increase the way we retain people because they will stay with a company that helps with their school I did when I went to college because the company paid for it so it help make the choice. Study show during the last decade, more companies are offering a tuition reimbursement benefit and are spending more money helping employees get degrees the last two company I have been at have done it. Universities and community colleges have started offering more flexible way to go to college for working students and even offer...
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...Tuition Reimbursement Vanessa Lewis XCOM 285 09-04-2011 Suzanne Delger Tuition reimbursement is a good way to attract employees that are looking to further their education. Companies see it as an opportunity to retain their employees and increase job performance and loyalty. In order to get what you want you have to give them what they want. However, it is really up to the employee if he or she stays with the company once he or she has earned their degree. There are many things that we have to look at when it comes to tuition reimbursement because it may help a company meet their short term turnover goals, but really could go either way. Most want to better themselves in some way; tuition reimbursement encourages those that are unable to pay for college. It is easier to make that choice when employees know there is financial help available. Also, knowing that they can then move forward in the company helps the employee and the employer. As adults, one has to work and someone can come in do the same job that you do and make more money than you do just because they have a degree to go with their skills. When most employees even think about pursuing a degree, it is because they are looking for more income. Having a degree opens up the door for employees to earn more money on the job that they already love. On a weekly basis, someone with a high school diploma, on average, earns $507. Some one with a bachelor’s degree, on average, earns $834 a week, a master’s...
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...8/27/15 Should state colleges be free? Should College Tuition be Free for all Students? I believe that most students today struggle to pay for college. Unless you are a 4.0 grade point average student with a complete scholarship to the university of your liking, you are in the same condition as the majority of college students that struggle to pay the tuition for a four year school or attend community college to transfer after two years. Despite the fact that I attend ITT tech and call myself “financially stable” for the moment, but even with my mother’s income and with what I make myself, I am still not able to completely finance my way through college. I consider myself to be blessed as that does not even compare to what a student at a four year university has to pay for tuition; paying for tuition becomes even more burdensome if you are attending an out of state school or private university. Although financial aid tries to help students with their tuition with no expectation of being paid back, that money is generally insufficient in covering the majority of the debt. As a result, a “financially stable,” or lower status would still mean that you undertake debt that cannot be paid back in full for years to come. With that fact in mind, should college tuition be free for all students? In order to fully answer this question, I began exploring different articles that offered different opinions as to what should be done to resolve this issue. “Free College, We can afford it”...
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...financing of most student’s post-secondary education tuition has become difficult in today’s economy due to the costs. According to American Progress, “a recent study by Georgetown University’s Center on education and workforce found that at current levels of production, the U.S. economy will have a shortfall of five million college-educated workers by 2020.” (Bergeron & Martin). This shows that the cost expense of college causes five million college educated workers to decrease. Five million people who do not have a post-secondary degree due...
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...Ways to Reduce College Tuition In recent discussions of college tuition, a controversial issue has been how to reduce the tuition fees of colleges. On the one hand, some argue that colleges need high tuition to help pay for staff and maintenance. From this perspective, a college’s main priority is to make sure that the administrators and professors are properly paid and that there is enough money to fund classes. On the other hand, however, others argue that expensive tuition will discourage students from pursuing higher education and will burden the government with providing financial aid. In the words of one of this view’s main proponents, “People are paying way too much for way too little education” (McCluskey). According to this view, the education that colleges provide is not worth as much as it costs. In sum, the issue is to find a way to reduce college tuition. The cost of college is becoming an issue all across America. With the current state of the economy, the percent of unemployed workers and the cost of college can seem like a far-fetched goal. Many people who may not receive a scholarship or enough government funding may not be able to attend college. This is a big issue because having a college background is becoming an important factor in the business world today but, the expensive tuition discourages students from pursuing higher education. There is overwhelming evidence that colleges need to restructure the way they are ran because tuition prices are increasing...
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