College tuition rates have increased dramatically in the past few decades. It has become one of the fastest-rising costs, with tuition raising about 200-400%, depending on the type of institute - whether it is public or private. In the U.S., students have collected over $1.4 trillion in student loan debt, with the average student having a debt of $38,000, not including the interest rates they are required to pay while they work off that debt (Fay). These costs can deter those that are graduating from high school from going to college, feeling that higher education is out of reach or that college is not worth the price. To persuade and assist those who want to create a better future for themselves, it is important that these extreme costs and the inflation of tuition rates be decreased, and students are no longer paying additional unnecessary costs.
Earning a college degree can be considered necessary towards a quality life and sometimes even survival. Fay states, “A college graduate can expect to make about $1.3 million more than high school graduates over the course of their working lives.” Even those that are able to earn their degree might …show more content…
Some states such as Michigan, Minnesota, Missouri, and North Dakota have ‘caps’ placed on their colleges, in an attempt to control the percentage of how much these colleges can increase their tuition per year. Not all states are required to have this, which allows them to increase their prices at extreme rates or however they may choose, like Iowa, Kansas, Nebraska, and South Dakota (Kelchen 4). State governments may also be responsible due to any decreases that may occur when they are deciding their budget on how much to fund state universities. The less money the state chooses to provide to the college, the more students have to pay for their