...College in today’s society has become less of an option and more of a necessity. When it comes to looking for jobs, internships, and even business loans, your education background is one of the first things reviewed. A solid education will allow for opportunities that may not have been available without it. In previous decades college was looked at as a luxury and therefore not essential for such opportunities. With today’s new fad of attending college it has made the job market extremely competitive. And with this competition the better education background you have, the more of an advantage you have over others. Many base success on your career and status which is often founded by a good education. Like anything, education has its cost and it does not come cheap. The average college student graduates with 26,000 dollars in debt. As it may seem college is expensive enough. However, because of inflation, the demand for a solid education, technology, and resources, college cost is increasing at a rapid rate that will not only affect the common student but also take a toll on the society as a whole. Inflation is usually known to be the cause of the general cost of living increasing over time. Inflation causes the consumers buying power to be decreased. With the price of foods, goods, and services increasing, that also includes college. Naturally as cost increase we seek more income. That is not to leave out the incomes of college authorities and staff, they also expect more...
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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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...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...
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...Rising College tuition issue While applying to college, the average student should be looking for the school that suits them best. Where the student will grow and succeed as a student, and more importantly as a person, should be the focus of choosing where to attend school. In this modern day and age students can not focus on this. The price of going to a 4 year university is and has been growing exponentially for years,much faster than the average family income is rising, thus making the choice of where a student goes to college almost exclusively based on what their family can afford. Student loans are the main source of how students pay for college, putting the average student in debt right from the start of their adult lives. The issue...
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...The topic of the rising cost of college is a very touchy subject. Being a senior in high school and worrying about grades and getting into college is so much stress on one person, but when you find out you got in to your dream college you realize you can not pay for it or it is very expensive. For many years college education was not that important, but now with not so many job openings and a lot of people wanting jobs it requires more education in order to get the jobs. The higher someone goes in college the more likely they are to get the job they want. Over the years the cost of tuition, boarding, and fees have gone up thousands of dollars. The average published tuition and fee price for student’s enrolled full time at private nonprofit...
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...for the increasing cost of college are not justified. The government and colleges themselves both are factors that influence the sticker prices of universities. Because of the Great Recession of 2008, state and local governments have enforced appropriation cuts for higher education. State budgets experienced harsh declines, for state funding per student decreased 6 to 15% in 2008, which made a lasting impact, as shown in the upcoming years. Over the course of a decade from 2001 to 2011, state subsidies per student decreased 2 to 4%. As a result, the average full time student paid 1 to 4 % more in 2011 than 2001 (Desrochers and Hurlburt). Furthermore, since state governments increased financial aid to students, colleges...
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...Debate Discussion: Is the Cost of College to High BCOM/275 Debate Discussion: Is the Cost of College to High A college degree is found to be necessary in today's society to obtain a good paying job. Employers believe that it doesn't just provide you with the education needed but makes you a better person through the experience. With the increase cost of college, financing ones education has become a struggle. Although there are many scholarships and grants for students to apply for, they can be difficult to obtain. The idea of paying back possibly thousands of dollars in student loan debit can also be a scary for most. Especially for millions at a time when families income are hurting. Cost of College Increasing The average cost is higher at higher colleges "the average debate in 2011 was $23,300, with 10 percent owing more than $54,000 and 3 percent more than $100,000, the Federal Reserve Bank of New York reports. Average debt for bachelor degree graduates who took out loans ranges from under $10,000 at elite schools like Princeton and Williams College, which have plenty of wealthy students and enormous endowments, to nearly $50,000 at some private colleges with less affluent students and less financial aid" (Martin, Lehren, 2012). Another inpact for the rising cost; funding cuts, also drive college tuition up. College are needing to be able to make up the lost, therefore pass it...
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...institutions carried education debt of $30,500 or more during the 2007-2008 academic year, compared with 24 percent of those at private four-year institutions and 12 percent at public four-year schools” (Clemmit). A college education is meant to prepare people for a desired career where they can hope to attain the American Dream but unless you come from a wealthy family, paying for this education could take the rest of your life. With constant budget cuts in education, universities are forced to increase tuition prices dramatically which results in students graduating with large amounts of debt and no guarantee of a job to pay it off. Raising tuition prices is unfair to the students hoping to accomplish their dreams and live life the way they choose. Universities are taking advantage of people coming out of high school willing to do whatever it takes to prepare themselves for the career they desire. Something should be done to stop these schools from raising prices so high that taking a loan out is a common practice to pay for school. American families are having a hard enough time as it is with the recession and the housing market fallout to even consider putting more debt on their already sinking credit. The government should recognize that with tuition cost rising so much, less people are pursuing a higher education. Education is one of the most important aspects of a first world country. If a student is...
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...to attend college and earning less upon graduation—trends that have led many observers to question whether a college education remains a good investment. However, an analysis of the economic returns to college since the 1970s demonstrates that the bene ts of both a bachelor’s degree and an associate’s degree still tend to outweigh the costs, with both degrees earning a return of about 15 percent over the past decade. e return has remained high in spite of rising tuition and falling earnings because the wages of those without a college degree have also been falling, keeping the college wage premium near an all-time high while reducing the opportunity cost of going to school. The sluggish labor market recovery from the Great Recession has refueled the debate about the value of a college degree. Although the unemployment rate of college-educated workers has remained well below average, there is mounting evidence that recent college graduates are struggling to nd good jobs.1 At the same time, college tuition has risen sharply, reaching record highs, and col- lege graduates are increasingly nding themselves saddled with debt from student loans used to nance their education. By the end of 2013, aggregate student loan debt in the United States exceeded $1 trillion, and more than 11 percent of student loan balances were either severely delinquent or already in default.2 With the costs of college rising and the bene ts in doubt, many are wondering whether earning a college degree still...
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...Rising Student Loan Default Rate: The Next Financial Crisis in the United States Rebecca Richards QBT1 - Language and Communication: Research October 1, 2012 Rising Student Loan Default Rate: The Next Financial Crisis in the United States Introduction Higher education is an important resource for career focused people here in the United States. In order to attend college, most students have to take out loans in order to cover the cost of attending. However, the rising rate of student loan defaults has recently become a serious issue that needs to be addressed. Economists agree that the rising amount of student loan default can prove to be a good indicator when seeking to predict future payments on student loans (Ismail, Serguieva, & Singh, 2011). Recent studies have shown that the growing rate of student loan default on higher education loans could cause another financial crisis in the United States because the loans are government backed, the cost of higher education is on the rise, and unemployment rates are on the rise preventing repayment. Taking on student loans can feel like and endless cycle of entrapment to the borrowers and they are often left with the belief that they have no other choice than to default on their loans. It is impossible to say with 100% certainty where the culpability lies for this unfolding crisis. One point of view is that the students may be at fault for not fully understanding the magnitude of the debt they are taking on...
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...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 and this...
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...Today’s rising gas prices is a great concern for me in the economy we are in at the moment. The United States has a national debt level over 14trillion dollars and talk from many politicians is to raise taxes to pay for that debt. With that lingering in the back of our minds we have gas prices at the front. For many of us gas is a necessity to get from point A to B for many reasons such as, work, go to school, go to the grocery store, and doctor visits. These are reasons we cannot afford to miss and therefore must buy gas. College students are the ones that are being hit the hardest with rising gas prices. The majority of college students are on a tight budget as it is. Gas is rising towards $5 and that is even before summer prices hit. College students having to pay that just to get to school on top of paying for school, is insane. Along with the great possibility of taxes rising it is even harder and harder to live comfortably. If college students did not have it hard enough with trying to handle school loans, trying to eat somewhat healthy, basic essentials and now the even bigger worry of gas. With all that is going on in the world and with our own economy the government should give at least college students with some sort of break. I recently read an article talking about how California college students have little public transportation therefore forced to buy gas. The 3million California College Student are trying to cut cost other ways. Some were not buying food and trying...
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...room, and board fee increase in public 4-year colleges in the United States (Tuition and Fees and Room and Board over Time). According to The Department of Education, about 40% of college students in the middle class achieved their bachelor's degree within 8 years. That is about 60% that dropped out because of financial issues, low grades, or illegal behavior. The cost of college education is rising, which is why it should be free. Students often cannot attend college because not everyone can qualify for federal help, the tuition and housing cost rising each year, many students having to pay their phone bills and be able to pay for other...
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...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 very dependent upon the college graduates...
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...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...
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