...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 continuing to encourage young people to take out higher education loans in their continued pursuit of a college degree. In his speech in Ann Arbor, Michigan, President Obama offered a plan to reduce the costs of higher...
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...Today's College Education Student’s name: Institutional affiliation: The current state of higher education in United States In the recent past, the state of higher education in the United States has been under the spotlight of deteriorating quality, high costs and turnover rates. The top and bottom divisions of United States institutions of higher learning have become so dissimilar from each other that they have stopped being the single coherent social institution. Institutions belonging to the top strata have values, missions, funding and personnel that are different from those at the bottom. Universities and colleges that are in the middle class are torn between these extremes. Universities in the top strata have become a preserve for the minority few who are affluent. Attending universities like Harvard has been left to the few who can afford to pay the exorbitant fees. The divisions arising in institutions of higher learning have come to be viewed as a show of might and class, as well as a means by which the American plutarchy duplicates itself. Donoghue (nd) notes that top strata universities’ one year tuition fee is more than the average income of American citizens. Universities in the middle and bottom classes are continually grappling with budget cuts as the government strives to sustain the budget in times of economic downturns. Budget cuttings have severe implications for public colleges and universities as universities have to raise their tuition fees, reduce...
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...for controlling student debt For those who attend college or university in Canada today, debt is inevitable. Many factors can contribute to this fact; the consistent rising of tuition costs, the marginal average income increase of middle-class families, perpetually rising interest rates, but most importantly, the lack of student debt relief knowledge. The Canadian Federation of Students has an ongoing debt clock which reflects the Canadian student loan debt of over 13.9 billion dollars, with an average debt per student upon graduation of approximately 25,000 dollars. This shouldn’t be surprising, knowing that since 1990, the average net income of middle-class families in Ontario has risen only 12.5 percent, all the while, tuition costs have risen from 2,500 dollars per year, to 6,500 dollars, an increase of an astounding 260 percent. This trend of rising tuition costs is consistent throughout the majority of Canadian provinces. Today’s Canadian post-secondary students are capable of controlling their debts, provided, they decrease their loans by minimizing their school fees and costs of living through being resourceful and staying informed. By being accepted to a post secondary institution, students have demonstrated that they have the intelligence and knowledge to succeed in their studies. Staying at university or college, however, takes more than just smarts, it takes resourcefulness. Knowing how to reduce student debt on a grand scale is important for the years...
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...wonderful thing called college. They told you that you have to go there to get an education before you can get a good job. Many kids have dreamed of going to college, and being able to get the job of their dreams. By putting in hard work and dedication to good grades in high school, you had high hopes that you would be able to get into an Ivy League school. The American dream of being able to go to college to get a degree is sliding away from many people due to rising costs. With increasing tuition prices and job loss, the college dream is slowly and surely slipping away from many students and their families. The first step in the college process is to be able to afford the tuition and other expenses. Many families are unable to do so by themselves and depend on the help of financial aid and loans. Financial aid has recently been harder and harder to come by and loans are now harder to get. In 2000, the average gap between a financial aid offer and a family?s ability to pay for college tuition was $3,000.00. Since then, tuition has risen twenty one percent and shows every sign of continuing to rise with inflation (U.S. News and World Report, 53). If federal aid and federal loans are not easily accessible to families, how are they supposed to send their children to college? The financial aid system is meant to help needy students and their families, but the system is cracking under the strains of our economy and the expensive tuition costs of many colleges (U.S. news and World...
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...good at high school, then a good college, then a good job, career, which is the American dream Main idea 1: The tuition of college is so high but there is no pay back and no job guarantee Main idea 2: The United State government is making a college bubble that student can borrow money so easy to pay tuition. However, make the tuition even higher. Main idea 3: Students can not pay the loan which led to bad debt and endanger all holders of U.S. dollars. Main idea 4: College is worthless. It does not provide a higher opportunity or higher quality job. Students pay their tuition for nothing. Main idea 5: Few students in college will study how to grow or manufacture which make U.S. dollar worthless with no gold backup and manufacture bases. * Summary American are believe in the process that if someone enter a good college, it will led him/her to a good job, which led to be able to car and house and have a wonderful family. This is the American dream, but it is not true. The truth is the skyrocket tuition they pay does not reward them equally, and even can not get a job. The notion that no company will hire themselves if they do not have a degree from the college makes people believe they need a college degree, and with the money borrowed from the government easily, everyone are going to the college. However, it is actually a college bubble that is made by the United State government. In result, the bubble makes the tuition way higher than most people can afford...
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...Case Study 3: Setting tuition and financial aid Instructor: Patricia Wiseman Managerial Economics MBA-540-MB01 Saint Leo University Sushma Madhavaram Summary: Prices are the variable property which can increase or decrease the desire of purchasing the commodity which in simple terms referred as demand. For most of the commodities if prices soar high then people purchase less good hence reducing demand in the same way if supply increases prices go down increasing demand. This basic principle is the basis for the ‘law “of demand which can be described as quantity demand plummets as prices go upward, other variable factors constant. To understand the demand and price relation economists refer demand as schedule of quantities of commodity people want to buy at various prices, other factors constant (Colander, Rockerbie, & Richter, 2006, p.73). Whereas quantity demand is referred as demand of goods at certain price in the demand curve. Ursinus College in Pennsylvania in the year 2000 increased their tuition fee 17.6% to $23,460 in order to increase college revenue and funds to support financial aid which also in turn increased their admissions (Brickley, Smith, & Zimmerman, 2009, p.110). The conjecture of college president is increase in demand is against the law of the demand because of college going student’s snob mentality and their comparison of quality with respect to price. He speculated student’s presumption of costly colleges will have better quality education...
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...the costs of college on the rise since the 1970s, you can bet that when you see the tuition for your first school of choice, you'll feel a punch in the gut. “The average cost of tuition and fees at a private, non-profit, four-year university this school year was $31,231—up sharply from $1,832 in 1971-1972 (in current dollars).” -(Schoen, John W. "The Real Reasons a College Degree Costs so Much." CNBC. CNBC, 08 Dec. 2016. Web. 10 Apr. 2017. ). With these rising costs, you'll need a plan to fight back, just be sure it's the right plan. You can end up in a world of hurt if you take the wrong step forward. Being hungry or ending up frustrated and confused are definitely not ways to get through college. IF you are smart with money, you are...
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...College Students Expenses By Anne Jones Going to a top college can be hard because it is really costly. A student and his family must be prepared by all means to keep this commitment to further a student's education. So awareness of how much your college education would be is critical because it is not limited to tuition fees. There can be more expenses to be expected when a student goes to college. Let us look at the general list of what a student pays in college. First would be tuition fee. Tuition fees can be at the range of $6000 - $25,000 for a four year course. Take note that public colleges have smaller tuition fees than private colleges. So look to this as an option. Second would be living in colleges. A student in college usually would try to find work in between to cover the cost of living. It is something that should be considered before going to college because you have to think of things like rent, food, bills and other travel costs. A common student would need an average of $1,000 extra for these extra expenses. Third are the materials you need to study. These are the givens like books, bags, IT equipment and could cost to at least $2,000 a year. So it is important to be able to budget before you go to college. Make sure you leave yourself some extra money monthly for self use. Try to find a monthly average of your expenses so you could allocate your funds accordingly. Going to college is a big investment but in the long run the education you get would allow...
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...We demand that North Carolina offer free college tuition to all undergraduate students attending a public university. Student loan debt is crushing our students short-term and long-term with the total amount of student loan debt; in America student debt was estimated to be about $1.3 trillion in 2015 (Should College Be Free? Pros, Cons, and Alternatives, 2017). Also, the debt to income ratio is ridiculous with the average salary of a college grad being $48,127 in 2014 while incurring $37, 172 worth of debt according to statistics of the 2016 college graduates (A Look at the Shocking Student Loan Debt Statistics of 2017, 2017). Lastly, with free tuition in North Carolina for college undergraduates the lower SES population will have opportunities...
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...year the college tuition cost increases. According to brainy quotes ”Mr obama seeks to federalize large proportions of education beginning with his attempt to rationalize college loans.(Crowley). Obama is trying to make a change, by reducing the amount of college tuition students have to pay. If obama reduces the pay then more students can go to college and get the education they need. With an education they can get better job opportunities. College tuition has been increasing over the years, college students are still in debt even when they get out of college. College students tend to get emotionally stressed about the amount of meat they need to pay back. When students owe a lot of the money the result is that they will drop out. Owing money is a problem all across the world. Student loans is a nationwide problem, no matter where you go college and fees will be a problem and will continue to be a problem in the future as college tuition increases. Students are considered in debt when the can't pay back what the took out. They would have to owe the money back to the bank. Students who were in college, 42.1 % of college students completed college, that is almost half of college students who dropped out....
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...“College is part of the American dream it shouldn’t be part of a financial nightmare for families.” Barbra Mikuski’s quote holds true to many American families in our society today. In recent discussions of student loan debt, a controversial issue has been whether or not colleges should give more opportunities for students to leave college debt free. On the one hand some argue that students should work to pay for their education themselves. College students personal agenda’s entail getting a job, working hard, and getting scholarships to support themselves throughout their college experience. Students should not assume that government or college aid will cover all of their financial costs, students should anticipate and accept the responsibility...
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...Ever thought of colleges and became anxious about it after a minute ? It’s the case for a lot of people, they know they will have to pay too much for colleges even though people can be really determined and it pushes some people to abandon their dreams and they could have been great at this job but they didn’t have enough money to pay the tuitions for college, which is a problem. A lot of students are struggling with that issue. During my researches I tried to find out who makes up the prices of colleges and why is it so high. Over the past two decades, medical schools tuition has increased by 312% in public institutions and by 165% in private institutions. The students can no longer pay the price to have an education and it’s a real issue for our future and society. After high...
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...Title: Student loan Debt Crisis Speaker: Markevia Lee Specific Purpose: To persuade the audience of their choice of taking out student loans. Thesis Statement: College is not something to put off until after you have graduated, students need to find ways to pay for college before they graduate. I. Introduction: Attention-getter: The increasing trend of college students graduating with significant more student loan debt than job prospects is both alarming and detrimental to the future growth of the nation. The cost of education and the widespread of federal student loans have created an education bubble to rival the housing boom that sparked the recession of 2007-2008. The more tuition rises, the more students need to take out loans. This problem is both current and urgent and must be acted upon now. Source: (http://www.usnews.com/news/articles/2014/11/13/average-student-loan-debt.) Establishment of Ethos: I have discovered there are ways student loan debt can be reduced by applying for scholarships and school grants. Preview: first, I will discuss recent graduates should be able to refinance their loans upon graduating, additionally, the government should intervene on behalf of students to encourage policies that lower college tuition, finally, I will you some examples of assisting students in the payment of college expenses. (Transition: “Let me start by showing the steps that should be taken to help recent graduates”) II. Body A. Student debts are exacerbated by...
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...Syracuse University INDUSTRY ANALYSIS OF COLLEGES AND UNIVERSITIES IN THE UNITED STATES Matthew Gerlitzki Strategic Management - MBC 645 Professor Wimer May 11, 2016 Industry Definition This is an industry analysis paper of the Colleges and Universities in the United States and it is important to begin with a definition. A goal of an industry definition and boundaries scope must not be too narrow or broadly defined because this will alter the scope of the analysis and result in a skewed conclusion. I will begin by differentiating between non-profits and for-profits businesses due to the different strategies involved within management in attempt to maintain the scope of this analysis. At first thought this seems irrelevant, however, the internal and external environments of these two types of business structures are different and management must prioritize accordingly. In academia, the for-profit institution must operate similar to a regular business with a focus on profitability that will satisfy stakeholders rather than focus primarily on the quality of education. The non-profit institution will focus primarily on education and student success, which will contribute to the brand awareness and prestige that will be discussed later. An analysis of the Colleges and Universities in the United States will be limited to non-profit private and public institutions that offer Bachelor’s, Master’s, and Doctorate degrees. Bachelor’s (undergraduate) degrees are the...
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...Baker College Higher Education Affordability Earning a higher education yields a much larger total salary throughout life than those with a high school diploma or equivalent. However the cost of college has been increasing at a pretty ludicrous rate in the past thirty years in the United States. How are students to afford these ever skyrocketing costs to earn degrees and have the possibility of a more successful life? This problem begins in the history of higher education, therein are the causes that made the price inflate. This increase in cost makes it very difficult for people of low income to attain a degree of higher education. This in turn can have a lasting effect on the economy. Understanding all of this leads to two solutions. First, the government must take action to make this education more affordable, on way they might do this is by reducing their defense spending. Second, the people themselves can take steps to make higher education more affordable for themselves if they are in a situation where higher education is not very affordable to them. First we must first look at the history of higher education in the U.S. and the things going on around it at certain times that had some effects on it. Higher Education in the U.S. really began in the colonial era. The first colleges were set up by religious groups to train ministers. These colleges were modeled after colleges like Cambridge and Oxford in England. Harvard being one of the first founded colleges in the...
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