...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...
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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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...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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...College tuition is a nightmare among people seeking a higher education. It is not decreasing; in fact, it has been on a rapid nonstop rise since 1978. Tuition is a growing concern since many of the job openings require some sort of college degree to even be considered for the job. Today’s society has made college appear as a requirement in order to succeed in life, but in order to succeed one must go bankrupt paying for it. Since the institutions are allowed to set rate on tuition it is only becoming more difficult for students pay. As a result, students have to seek alternative ways to cover the hefty costs. It seems as tuition went from affordable to sky high overnight and because of such an exponential increase it has forced a negative effect on students by: having to join the military, taking out student loans, developing health issues, and even selling drugs....
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...Affording College: Affects of rising tuition cost on students Ashley Mason General Orientation Dr.Graham January 27, 2014 Abstract In this paper I will be discussing the affects of rising tuition rates in America in private and private colleges and universities. I will go into great detail on how this is affecting students. My research suggests that over the years the American family’s income has not been able to keep up with cost of college tuition. Because of this we see a drastic decrease in enrollment and also in drop rates being that student cannot afford to go to college. Higher tuition, more fees and bigger classes are things that will be awaiting student for generations to come as they apply to enroll into college in the fall. The Cost of College tuition in the United States is steadily growing. Students and their families have been dealing with this using many different methods. These methods however may not be the most effective or beneficial. Some students do things such as work more hours to pay for college, which consequently causes them to lower their course load. This causes them to spend more time in college subsequently causing them to spend more and more money. It has been reported that since the year 1978 that college tuition has increased by a sky rocketing 1200%. This means that the cost of college tuition has been increasing faster than family income and it also has increased 4 times...
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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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...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...
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...average $7,900 tuition, fees, 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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...financial aid given to families has resulted in the inability for many students to progress and get ahead in their studies. Financial aid and tuition costs are both significant factors that determine where or if students go to a certain community college, college, university, or simply decide to not further their education. Debt and other factors are most likely to arise due to the fact that they chose an education, and this contributes to problems later on in the individuals’ life. Government assistance and high tuition has become an immense problem for not only me, but students, families, and throughout communities and the United States. The cost of...
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...Raju Professor Hays RHET 105 February 28, 2016 An Annotated Bibliography: “The benefits of a college degree does not outweigh the cost of it” Abel, Jaison R., and Richard Deitz. "Do The Benefits Of College Still Outweigh The Costs?." Current Issues In Economics & Finance 20.3 (2014): 1-12. Academic Search Complete. Web. 6 Mar. 2016. People who graduated with a college degree still questions whether college was a good investment for them. “Do the Benefits of College Still Outweigh the Costs?” addresses how students who graduated with a college degree are still unemployed and in debt. Furthermore, students have paid more to attend college and earning less upon graduation. This academic journal compares both the pros and cons of attending college. It contains graphs and illustrations that contribute more data about increasing tuition and how it affects your decision about whether to attend college. “The total costs to attend a 4-year college outweighs some people’s home value.” I thought this quote summarizes the academic journal very briefly. “Do the Benefits of College Still Outweigh the Costs?” is a scholarly source and an academic journal. The data in it is really reliable for my research paper. It contains graphs and illustrations which could be used to make conclusions. This academic journal is more biased towards the people who believe that the benefits of college do not outweigh the costs. I could potentially use this source to support my thesis more efficiently...
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...Social perception has modified the previous thought into believing that to enter the “middle class” that a person must have a college degree, more specifically a bachelor’s degree. Every year the amount of Americans attending higher education rises, yet the United States now has the highest college dropout rate in the world with only 56% of college students completing their bachelor’s degree within a six year timeframe (Pathways to Prosperity, 10-11). Each year the odds that an individual choosing to attend a four-year university will dig their own financial grave by not graduating increases due to the continuing steep rise in tuition. The long term effects of this will create an ever widening gap in our economic classes causing a continual imbalance of higher percentages of persons in the lower economic class and a lower percentage in America’s middle class. Several factors attribute to why this shift is continuing to increase speed with increased tuition costs at the epicenter. In 1980 the average cost for tuition, room, and board for a four year institution adjusted for 2010 inflation was $8756 (nces.ed.gov). This cost has risen almost 250% in constant dollars to $21,093 while the average middle class household income has only risen 11% when adjusted for 2011 inflation ($55,873 in 1980 to $62,434 in 2011) (census.gov). With tuition rates rising at double the inflation rate on average this instigates a worse economic situation for those who do not graduate or are unable...
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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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...Policy Briefing Education Reform Jatin Patel December 10th, 2012 Statement of Issue How can the federal government decrease student loan debt in the country and still provide an education to those whom want to seek it? Every summer millions of college students throughout the nation depend on Federal Financial Aid to help pay for school. In the midst of the election season the Republican candidate, Mitt Romney, voiced how he wants to end government funding. Currently, the nation provides direct government funding and Governor Romney is in favor of giving private banks and institutions the responsibility to provide student loans to those in need. Many people are deeply concerned with the issue at hand. Private Institutions vs. Government Disbursement The educational reform is a debate that is widely argued between the two presidential candidates. The current system of how student loans are disbursed in the United States is not perfect, but it is working. Both candidates are in favor of receiving higher education, but differ on how individuals should pay to learn. Throughout the presidential debates both candidates took a firm stand as to where they both stand on the topic of student loans and government funding. College tuition costs are increasing at a rapidly linear rate each and every year. The problem is college students today are taking on the burden of steep student loans and left without a job upon graduation. The average annual cost to attend a four-year...
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...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). Notwithstanding, government is...
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...Ways to Reduce College Tuition In recent discussions of college tuition, a controversial issue has been how to reduce the tuition fees of colleges. On the one hand, some argue that colleges need high tuition to help pay for staff and maintenance. From this perspective, a college’s main priority is to make sure that the administrators and professors are properly paid and that there is enough money to fund classes. On the other hand, however, others argue that expensive tuition will discourage students from pursuing higher education and will burden the government with providing financial aid. In the words of one of this view’s main proponents, “People are paying way too much for way too little education” (McCluskey). According to this view, the education that colleges provide is not worth as much as it costs. In sum, the issue is to find a way to reduce college tuition. The cost of college is becoming an issue all across America. With the current state of the economy, the percent of unemployed workers and the cost of college can seem like a far-fetched goal. Many people who may not receive a scholarship or enough government funding may not be able to attend college. This is a big issue because having a college background is becoming an important factor in the business world today but, the expensive tuition discourages students from pursuing higher education. There is overwhelming evidence that colleges need to restructure the way they are ran because tuition prices are increasing...
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