...In recent decades the price tag on a college education has skyrocketed. After student tuition, fees, books, supplies, housing, food, and transportation needs are totaled, the cost of college is beyond reasonable for many, and impossible for some. A college education is essential to function in today’s world, I would even go as far to say that it’s functionally what a high school diploma was just a few decades ago. The majority of students take on loads of debt, study with a financial cloud over their head, and graduate with a chain ball dragging at their feet. Additionally, school loans are also one of the few loans you can’t escape from (barring faking your own death), whilst a Wall Street corporation can drive their company into the ground,...
Words: 1496 - Pages: 6
...student wants to go college, and I am one of them. I know that college is expense, however there are scholarships to help with the cost. This scholarship will help impact my college education in a number of ways. This scholarship will help pay for materials, make it less-stressful on my family and myself, make my life easier down the road, and prepare myself for the real world. Growing up in a middle class family paying for the expenses of college can be challenging. The average tuition of an in-state public university is roughly $9,000 dollars a year with the prices increasing significantly for out-of-state and private universities ("What is the price tags for college education?"). The tuition is the biggest payment, but on top of that there is all sorts of payments including fees, books and materials, and room and board. All of the payments add up to be a rather pricey bill, however the scholarship will cover a...
Words: 562 - Pages: 3
...Cost and Benefits of Getting a College Education Abstract This paper is an analysis of pursuing college education, based on years 2004 to 2008. As a working professional, college education is one of the most important credentials needed in starting a career. Despite the limitations, a rational and ambitious individual would undoubtedly seek such a level of education. With the present economic conditions, the cost of getting a college degree is soaring high. Finances of the family are affected, not to mention the inflationary factor of prices and school fees. In this simple analysis, the costs of gaining a degree in college are identified with the provided assumptions below. With regards to the costs, the return or benefits are also given a high importance in determining the value of pursuing in college. Statement of the Problem This paper will focus on comparing the costs of getting a college education with the benefits it will earn within four years after graduation. Specifically, this study will answer the following questions (with 2004 as base year): 1. How much is the cost in today’s value of peso for pursuing a college education? - Based on a four-year undergraduate course 2. How much would I earn if I choose to work after graduating in high school and not pursue to college (forgone earnings or opportunity costs)? 3. Supposing this current year is 2004 and I have the lump sum amount of equal to the future cost of going to college, what would be its future value if I choose...
Words: 1751 - Pages: 8
...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
...College expenses on every college students mind and has been growing a lot within the last few years. The cost of education is increasing at an alarming rate. Before college education was not too important, but now it requires more education to get the higher paying jobs that help sustain one’s living expenses. When someone goes to college the more likely they are to get the job they want, but that is not always the case and it leaves many in student debt. Because of college expenses such as tuition and books, student debt is getting worse and worse each year. As student debt gets worse many students start to think “is college really worth it”. If college was as affordable in some countries such as Norway, Finland, Sweden, Germany, and France which are virtually free, almost everyone would be able to attend, but that is not the case. The government needs to fix a number of college expenses pushed onto students. There have already been a few colleges in the United States that are free, but for only certain criteria. For many students, education is the key to success and there are many students who work hard and are intelligent, but they also can’t afford to go to the college they wish to go to....
Words: 629 - Pages: 3
...Education is often regarded as the greatest equalizer – it offers an egalitarian environment for all students, regardless of socioeconomic status, race, or ethnicity to learn and to achieve. Once optional for students, higher education has become a requirement for prospective employees. However, as college education becomes a necessity for employment, its cost has risen dramatically in the past decades, deteriorating the once romantic view of education. According to the College Board, a non-profit organization, the cost of a public four-year university has nearly tripled from $7,938 to $18,943. Yet, there has been stagnant growth in purchasing power for American as workers gained a mere 49 cent in purchasing power from 1964. Facing rising costs of secondary education and stagnant wages, college is becoming an...
Words: 505 - Pages: 3
...question, is college worth the cost? Though some may argue that it's too costly, the fact of the matter is college is worth all the hassle. With a college education people will have a better chance of getting a higher paying job, and the skills to do hard skill jobs. Education also provides a place to practice for the real world as an artificial environment and can help people find out what they love to do and what they want to do with their lives. As Huffington Post's president Michael S. Roth states for college, "Post-secondary education should help students discover what they love to do, get better at it, and to develop the ability to continue learning." (Source B) With that said it would be beneficial to continue on with the college level education to help one self-grow. The education received helps to make an artificial learning environment so that students can get hands on...
Words: 505 - Pages: 3
...question everyone seems to be floating around, is getting a college education worth all your time and money? Since many college graduates had faced record levels of unemployment, it’s very ironic how they have a high degree yet cannot have a career like those without one. However, having a college education does offer us more than just a job, it gives us great experience, a broader mind set and a stronger capability. Because of the college graduates that do get a career much of them find a very high paying job or a successful career in the liberal art as well. For a successful college education, the general outcome for that would be to live happily ever after making a living easily in the career you studied and loved. The perks and benefits of having a college education and degree make you a first runner-up and puts you on a higher pedestal than someone who has no college education. Although many families in the U.S do not have the money to provide these students with the funding needed to have a college education. On the contrary, there are many opportunities for them to still go to college and receive a fundamental education....
Words: 699 - Pages: 3
...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...
Words: 1967 - Pages: 8
...Leadership Politics and Leadership in Higher Education Paper There are several important political issues that affect higher education and impact leaders and leadership. As a nation we have lost confidence in many of our most important institutions including our colleges and universities. A common criticism focuses on how education expenses continue to rise in America. Although America continues to be one of the most educated countries in the world, we have fallen behind in the percentage of young people with a college degree. As the numbers of problems have increased over the past decades, many constituencies of the higher education system have searched for stronger managers and visionary leaders. Colleges and universities need leaders and managers who can turn their visions into realities (Pietrucha, 2012). It is wise for leaders to start thinking about the needs of their followers who require support, encouragement, and reassurance and guide them through this period of vagueness and uncertainty. Summary of Political Arguments A recent political argument, the post-trillion dollar status achievement in the area of student loan debt shows no signs of reversing itself. In 2010 there were $100 billion in education loans taken out by U.S. citizens (Pietrucha, 2012). The rate of higher education cost has increased at a rate three times that of inflation over the last two decades, with average increase in college tuition around four percent annually (Pietrucha, 2012)...
Words: 1956 - Pages: 8
...“College is part of the American dream it shouldn’t be part of a financial nightmare for families.” Barbra Mikuski’s quote holds true to many American families in our society today. In recent discussions of student loan debt, a controversial issue has been whether or not colleges should give more opportunities for students to leave college debt free. On the one hand some argue that students should work to pay for their education themselves. College students personal agenda’s entail getting a job, working hard, and getting scholarships to support themselves throughout their college experience. Students should not assume that government or college aid will cover all of their financial costs, students should anticipate and accept the responsibility...
Words: 1837 - Pages: 8
...Does a College Degree Matter 4/10/2015 DeVry University What does the word education mean to you? Education has many definitions, education is the act or process of educating or being educated from a school at any level. Many are asking is a college education worth it any more. Some are questioning if the value of education worth the time. Unfortunately this situation is a growing problem in our society, which needs a positive solution put in place so we won't be forced to make these difficult decisions later in life. Managing money should be a big focus in our school system. The benefit of college education, does outweigh the cost, though the cost of college is at an all-time high, it’s still beneficial. As a society we have been conditioned to accept the pursuit of a higher education as a primordial part of our development into professionals and ultimately breadwinners in our homes. The salary of a high school graduate is seventy-three percent lower than that of a college graduate in any given field of study(Abel.Jaison, 2014) The disparity in job opportunities for that same high school graduate versus that same college graduate can vary just as greatly. A degree, even when unrelated to the job applied for, demonstrates reliability and perseverance to a potential employer. We are therefore expected, often as young adults, to at least consider some college education before heading into the work force. Speaking from a realistic experience and standpoint...
Words: 2742 - Pages: 11
...for higher education, especially from the youth population of developing countries, as it is viewed as an important pathway for greater social mobility (Devesh, 2008). According to the World Trade Organization (WTO 2010), private returns from higher education are high for both developed and developing countries. In developing countries, the wage differential between a secondary school leaver and a university graduate is estimated to be as high as 200%. Besides the wage premium, rapidly changing technology in a globalized world is also demanding new and changing competencies that require life-long learning skills, for which mature students often have to go back to college for re-training and re-skilling. Malaysia is one of the most subsidized nations in the world. Its total subsidy of RM74 billion in 2009 is equivalent to RM12,900 per household or 4.6 per cent of GDP even higher than Indonesia (2.7 per cent) & Philippines (0.2 per cent). Out of the numbers, RM 30.8 billion goes to Primary, secondary, higher education and scholarships. Higher education in Malaysia is divided into 2 sectors; public and non-public sector, there are about 20 universities and 6 university colleges (the term “university college” is used to for those tertiary level education institutions that are able to confer their own degrees but have not achieved university status). In the non-public sector there are 559 institutions of varying types including: universities and university colleges and foreign...
Words: 2634 - Pages: 11
...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...
Words: 1394 - Pages: 6
...Higher Education Affordability Brandon DeLoose Baker College Higher Education Affordability Earning a higher education yields a much larger total salary throughout life than those with a high school diploma or equivalent. However the cost of college has been increasing at a pretty ludicrous rate in the past thirty years in the United States. How are students to afford these ever skyrocketing costs to earn degrees and have the possibility of a more successful life? This problem begins in the history of higher education, therein are the causes that made the price inflate. This increase in cost makes it very difficult for people of low income to attain a degree of higher education. This in turn can have a lasting effect on the economy. Understanding all of this leads to two solutions. First, the government must take action to make this education more affordable, on way they might do this is by reducing their defense spending. Second, the people themselves can take steps to make higher education more affordable for themselves if they are in a situation where higher education is not very affordable to them. First we must first look at the history of higher education in the U.S. and the things going on around it at certain times that had some effects on it. Higher Education in the U.S. really began in the colonial era. The first colleges were set up by religious groups to train ministers. These colleges were modeled after colleges like Cambridge and Oxford in England. Harvard...
Words: 2738 - Pages: 11
