...Schooling is playing a major role in today’s society. Therefore, the most important education that people go through is high school and college. Many students who are starting college are expecting that the experience to be the same as the one they had while at high school. However, these students are mistaken to make this statement, and they quickly realize just how college is a different world. The cost of college education is much higher than the cost of high school education. Also, there are many challenges in academics, and lastly the social environment is also much more different in college than in high school. First, the college cost is greater than high school because of tuition, living expenses, and books. At Mount...
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...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,...
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...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...
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...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...
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...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....
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...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...
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...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...
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...people think online education can be more expensive than a traditional school setting. Previous generations did not have the option for online learning experience, so why should we start now? An interesting point about online education is that LeBaron (2010) states, “The largest school in the U.S. is the University of Phoenix Online, with a whopping 380,232 students. That’s over 5x more than the largest public school, Arizona State University, which has 68,064 students” (para. 7). Despite the cost effectiveness, distance education is becoming the educational model of the future. As the economy has changed in the last ten years so has the schools budgets and they are looking for ways to keep costs down. There is much evidence that distance education can be more cost effective than traditional education. Everyone can save a substantial amount of money by going with an online education because schools would not need facilities and equipment. Schools would also save money by not needing to provide services and programs to students. Students would save by not needing to drive to and... ... middle of paper ... ...sses can save schools money; expand learning time for k-12 students. Retrieved from http://news.ufl.edu/2009/05/18/online-learning/ Lawrence, J. (2012). Will online learning help colleges save money? Retrieved from http://www.educationnews.org/online-schools/will-online¬-learning-help-colleges-save-money/ Quinton, S. (2013, April). How online education saves everyone...
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...Cost and EQuity in access paper by Gada Korayim UNIVERSITY OF SOUTHERN CALIFORNIA EDU 628 - Professor Tatiana Melguizo Due Date: March 8, 2015 Introduction The diversity of colleges in the higher education landscape stems from the diversity of missions. For one, the obstacles to innovation in higher education in the USA has been a debate for years. There are colleges that focus on liberal arts education as Dr. Liz Coleman (TED Talks) lectured during her speech about “Reinventing the Liberal Arts Education”. There are colleges that focus on career development. According to Fortino (2015), the university mission is “to create more prepared minds” to contribute to society by creating jobs and innovative opportunities that will improve economies. Fortino (2015) mentioned that the former President of Harvard University, Dr. Derek Bok, discussed the dangers of commercializing higher education when colleges and universities turn their attention to commercial development of their inventions. This apparently is what is being seen on campuses and in universities today. When the focus is placed on commercialization, universities are placed under pressure to produce output and seek profitable, income based outputs, and the main mission and vision of universities can fade and disappear. Governments provide funding to universities and provide laboratories, equipment, books, etc. The desired output is to produce students that have a commercial...
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...Because Americans have not received enlightened education about financial responsibility, students are taking out large loans to pay for their education, unaware of what is ahead of them. The cost of higher education is driving Americans into debt. Financial classes should be available in all high schools, in order to best assist and guide all students in upcoming situations. Taking a better look into this idea, there are no financial advice classes in high school to help students; in fact most students have to way until they make it to college, to have access to those classes, that is if they even take it at all. Expert argues that “high school students should be required to take courses in economics and personal finance” (Young people in debt). When it comes to paying for college, not everyone is ready or is eligible for financial aid. According to FAFSA to be eligible to receive federal student aid, students or their guardian must be a U.S citizen, have a high school diploma or GED, maintain...
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...Higher education worth it? With most of the well-paying jobs requiring at least a bachelor’s degree people begin to wonder if Higher education is the right path or if it is worth it. Higher education however is definitely not worth the price. This is due to the fact that the cost of getting college and other higher institutions is high which in turn usually leaves the student and their families in debt which may take years to pay, giving them a heavy burden. Also jobs with good pay might not be easy to get after graduation due to competition from other graduates from higher institutions and even those lucky enough to get the jobs end up using part of their salary to pay off the debt. Lastly, Universities and other higher institutions have been spending more than they have resulting in many of them being in debt and increasing the fees students have to pay. The points given will now be further explained in detail. Firstly, it is no secret that Higher education is expensive and in fact people naturally assume it is so, but people don’t see the near future and look further ahead seeing a better life because of what the education provides. This is true, the value of education in society today is high as it provides graduates with a higher chance of employment. However, as said by Glenn Harlan Reynolds in his article “Not worth the debt”, today the value of an education isn’t going up but the price is. This is where the problem lies. Higher education is so...
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...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...
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...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....
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...Bart Van Kerkhove Instructor: Andrew McCullough ENG 100 2 May 2008 Is the cost of post-secondary education in the United States too high? Everybody knows that the cost of higher education in the United States can be substantial. As a result a considerable number of students have to take up a part-time or even full-time job so they can cover not only tuition, but also rent and every day expenses. In some cases parents (or the students themselves) have to take (often big) loans to fulfill the financial needs. This work will research some issues that may arise surrounding this matter. First of all it will examine the general discrepancy in tuition between the United States and some other countries. Therefore I want to compare the general tuition cost at different universities worldwide. The following section will investigate in what way the life of the students and/or the parents may be affected by having to make financial and personal sacrifices to be able to pay for the tuition. In conclusion I will raise the question to what extent a country’s government is responsible to educate its population. Should post-secondary education be made more affordable, and how could this be accomplished? In order to compare tuition between several countries, only averages and overall figures are supplied. In reality the costs can be very divers, even when putting side by side universities located in a single country (like the United States). The idea is to present...
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...Institutional cost and its implications for educational development (M.phil Education (2014-16)) INTRODUCTION Before discussing the concept of cost of education, it is necessary to distinguish between the terms, ‘expenditure’ on education and ‘costs’ of education which are often synonymously used. That part of expenditure which has some relationship with the production process and the output only can be referred to as costs. A major part of costs are a part of expenditure but not vice versa. While costs can include imputed items like opportunity costs, generally expenditure does not include such things. Further expenditure can be expressed only in monetary terms, while costs can be expressed in monetary as well as in real or physical terms. Statistics on costs of education are of utmost importance for educational planning. Estimates of costs are essential for estimating resources required for educational sector and for various sub – sectors of education. They also help us in understanding whether resources allocated to education reflect optimal level or not and within education whether resources are optimally allocated between different layers of education. The statistics on costs of education also are themselves indicative of efficiency of educational system, besides facilitating one to find out the cost effectiveness or cost- benefit ratio of the educational system as a whole and of the different levels of the system. For modern welfare governments whose one of...
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