...will it take for colleges to set tuition cost at an affordable rate for all students? Higher education is an opportunity in social advancement, yet the cost of college is a barrier that many struggle to get through. In recent years the cost of college has risen 6.5% in the 2008-09 school year. The recent rise in college tuition and fees has made it difficult for students to reach their goal of having a higher education. It is difficult to graduate from college in four years when there are so many barriers holding back students. Higher education is a goal students strive for, yet students hit a road block when it comes to the cost of attending college. Not all students have the privilege of receiving financial aid, which is only given to those of low income families who “[d]o not have the tens of thousands of dollars needed to fund their children’s higher education” (Update: College Tuition cost 2). Some students cannot afford to pay for five classes, so they are left taking one or two classes per semester. Since tuition has been increasing it is “making it difficult for many students to obtain a college education” (College Tuition Cost 1). A college degree is an important asset in obtaining a well paid job, if students are not able to afford it, future generation will not be able to afford it either. The recent rise of college tuition leads students to acquire a debt in student loans. Students have begun using the loans as a last resort to paying for college. This issue has...
Words: 531 - Pages: 3
...small amount of financial aid given to families has resulted in the inability for many students to progress and get ahead in their studies. Financial aid and tuition costs are both significant factors that determine where or if students go to a certain community college, college, university, or simply decide to not further their education. Debt and other factors are most likely to arise due to the fact that they chose an education, and this contributes to problems later on in the individuals’ life. Government assistance and high tuition has become an immense problem for not only me, but students, families, and throughout communities and the United States. The cost of...
Words: 453 - Pages: 2
...Over the past several years, college education has become a highly controversial topic worldwide due to the grave increase in the tuition costs. The indefinite escalation in costs is causing the students to resort to student loans to help them temporarily overcome the financial obstacles to finish their college education. However, the graduates eventually become tremendously indebted and struggle to get back on their feet post-graduation to recuperate the college costs. The latter, along with many other factors, leads to raise the critical question of whether a college degree is worth the high cost. The following literature review will be conducting an investigation in whether college education remains worthwhile and pays off in the shadow...
Words: 781 - Pages: 4
...College Tuition: Fighting the cost of college tuition Imagine having your dream job with good pay and everything you have ever wanted. However you end up with thousands of dollars in debt due to college tuition being so expensive. With the price of college tuition being expensive, more jobs are having higher standards in who they are hiring. Which results in more kids going/wanting to go to college. With colleges knowing this, they start to raise their tuition rate. College tuition has become too expensive for the middle-class family to afford. The cost of tuition is rising and will continue to rise. Most schools are continuing to increase the cost of tuition while spending money on things that are not going towards the students. Such as...
Words: 829 - Pages: 4
...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....
Words: 1266 - Pages: 6
...unaffordable college fees is the main hurdle for students to receive higher education. The cost of college tuition has increased by 1,122 percent since 1978. If education is the most fundamental...
Words: 1054 - Pages: 5
...disjunction of college tuition cost and its behavior compared to other sector of economy. College costs continue to rise during a recession and a bear market, while still rising during a bull market. According to William Bowen, president of the Andrew W. Mellon Foundation, the fact that tuition has raised faster than inflation during the past thirty years can be attributed to the educational process (Bowen 34). The educational process, does not permit academia to share in the productivity gains that caused earnings growth in the rest of the society (Bowen 34). Academic institutions attempt to be their best in every aspect to attract more business. They aggressively seek funding sources from sectors...
Words: 494 - Pages: 2
...Rising 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...
Words: 1899 - Pages: 8
...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...
Words: 750 - Pages: 3
...achieve, that is until, perhaps, starting around 2008 when the "Great Recession" hit. Many Americans lost their jobs due to the country's fourth-largest investment bank going bankrupt. There was a job shortage, many Americans were laid-off, income was falling, and poverty was rising. Seven years have passed and slowly America has been recovering, but has it recovered enough for the American dream to be alive? For the average American the dream is perhaps a owning a house, car, children, a stay at home parent, medical insurance, vacations, and savings for retirement along with savings for college tuition. In today's society, the American dream is unobtainable because a stay at home parent is rare, bills are a struggle to pay for, vacations are rarely taken, most are not able to save for retirement because of debt, and many college students have to work while in school to pay off their college tuition. The American dream is in fact alive, but out of reach for the average American. In the article "7 facts that show the American Dream is Dead", Eskow states, "There was a time when middle-class families could lead a comfortable lifestyle on one person's earnings. One parent could work while the other stayed home with the kids." (2) Upon looking for the percentage of a stay at home parent for last year, the census states that 10 percent of children live with their grandparents, 79 percent live with one sibling, 15 percent have a stay...
Words: 1533 - Pages: 7
...Russell recently shocked me with some horrible news: he is no longer going to Chapman University because the tuition is beyond him. Despite a financial aid package, he cannot afford the required course and enrollment fees without support from his parents, who are sadly unwilling to pay. It’s not that his mother and father do not value education – it’s just that because Russell is undecided on his career goals, his family sees little reason in “wasting” their hard-earned salaries on expensive yet unspecialized classes. So instead of discovering his passions in life through higher learning, Russell is relegated to job hunting for employment far below his intellectual ability. He may get the chance to take some community college courses next semester, but there is no doubt that a nugget of his future has been robbed by the flaws of modern education. So what went wrong? Why is Russell interviewing to be a sales clerk when he could already be in school? The main issue with much of the educational system today, but particularly institutes of higher learning, is the lack of affordability. Let’s face it – the average annual tuition for a private four-year college like Chapman is $26,273 and rising. And that number doesn’t even include room and board, textbooks, or meal plans. Public universities suffer the same sickness, with the worst estimates predicting a feverish 30% cost increase by next year. It’s no surprise that money is shamefully among the primary concerns of prospective students...
Words: 504 - Pages: 3
...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...
Words: 2440 - Pages: 10
...Tuition Hikes in Higher Education The cost of higher education has been rapidly growing, especially over the past couple of years, there has been a sharp increase. “College tuition and fees today are 559 percent of their cost in 1985” (Rampell). In 2005, the average tuition cost at a public four-year college was approximately $5,000. Today, the average tuition at four-year state schools nationwide rose “faster than inflation…..4.8% increase” (Gordon). This brought tuition at public four-year schools to $8,655. This is happening because of many factors including schools raising tuition to pay for more remedial classes and extra counseling services, to make up for cuts in state funds, and to make up for reductions in the per-student subsidy state taxpayers sent colleges. These in turn have several effects that have an impact on society as a whole, these effects include international students going to schools in other countries because school here is too expensive, young college graduates not being able to afford to buy a home or have children due to their massive debt, parents not being well prepared for retirement since lots of graduates are moving back with their parents and parents are taking money out of their 401K to pay their children’s college loans, but most importantly low income students not being able to go to college because they cannot afford it. The rising cost of college tuition does not just affect the individual; it affects society as a whole since society is...
Words: 1181 - Pages: 5
...To raise more revenue, Nobody State University increases its tuition so, this would not increase the revenue but it would decrease the revenue. If one increase then the other would definitely decrease. No it would definitely not result into more revenue to have more revenue Nobody State University would have to decline some enrollments in order to increase the revenue. Most likely Nobody States University will not decline enrollment so the cost of tuition would definitely be increased. Under what conditions will revenue (a) rise, (b) fall, or (c) remain the same? Revenue would not fall or remain the same it would increase more likely due to the economic industry. Tuition have risen in the past and it has not stated the same or lowered while economic crisis continues to rise tuition cost would also increase. Explain this process, focusing on the relationship between the increased revenue from students enrolling at NSU despite the higher tuition and the lost revenue from possible lower enrollment. The tuition fees raises but, it is due to the economic of health care, other industry with a huge cost problem. Both college education and health care have raised sharply in most developed countries not only the United States. The government is the real reason why tuition is raised and it is to replace state revenues or other private revenue sources because state subsides are going down. The student has been rising steady for decades because once subsides get cut...
Words: 775 - Pages: 4
...Is College worth Education worth it or worth the cost of tuition? Do you want to achieve getting the career you’ve been dreaming about? I strongly agree that college is worth the tuition. There are many reasons, Including that you pay will most likely be higher than just a high school graduate, more job options, and what type of degree or job while you want in college can help. I hope by the time you have read this you will agree with me as well. In fact, getting a Bachelor’s Degree can have your weekly salary at about $1,300, but statistics show if you are only a high school graduate you average weekly pay will be around $653 a week as told in "Are College Degrees Useless?" Video/ Mike Rowe. That doesn’t even include if you have a high paying job. But not only can it pay better, but the unemployment for someone with a degree is about 4.5% while a high school graduate is 11.3% which was also stated in “Are College Degrees Useless.” Sense more of the people...
Words: 503 - Pages: 3
