It is important to understand how colleges and universities have been able to raise their prices without much objection. These culprits have skated by increasing tuition prices so dramatically, and Americans have sat back angered at the expensive investment they were about to embark on. They make that investment nonetheless because it is supposed to be worth it or possibly because they have no other choice. Students (likely young eighteen year olds right out of high school) are too willing to pay for an investment, like a college a degree, simply because they can get a loan for it. There is still value in a college education, and colleges know that. They prey on students who are willing to take out those extra loans to support the increasing tuition prices, and loosened standards of lending, both in the government and in the private sector, permit such a practice.
Part III.A discusses why colleges and the government are both to blame. This crisis did not happen overnight, and could have been foreseen if only more attention …show more content…
But when you look at the data, it does not support their argument. Higher education spending has increased at a much faster rate than government spending in general. “For example, the military’s budget is about 1.8 times higher today than it was in 1960, while legislative appropriations to higher education are more than 10 times higher.” It is unfair to say the government has cut higher education funding when the amount of colleges that have surfaced in the past decades expanded as well. Contrarily, funding has expanded, while spending a little less on each university. Colleges neglect to admit that a potential factor of increased tuition has come from expansion in university administration. Not to say this is entirely the reason for tuition spikes, but it plays an important role in the