College Tuition Final Copy

648 Words2 Pages
bulb-icon

Recommended: The rise of college tuition essay

Since the 1973-74 school year to the 2008-2009 school year, the price of attending a four-year public or private school has roughly tripled after adjusting for inflation according to College Board. (Update). The current price of college tuition leaves students with many problems in order to receive a college degree which most careers today require. Attending college is part of the “American Dream” and the freedoms that this great country offers but when students can not afford the freedoms we offer, then it becomes a problem. Most college students are left with substantial amounts of debt restricting them from further advancing in their careers after they graduate and the average family can not keep up with the rising costs of education and have to resort to finding other ways to get the desperately needed money. College Tuition--tripling in 40 years, leaving students with large amounts of debt, accounting for 3.3% of the total U.S. gdp-- should be lowered. To start with, the price of tuition in about 40 years has roughly tripled while average family income has only increased by about 11% leaving families to pay money that they do not have. (Shierholz). During the 1973-1974 school year at a public four-year school, the tuition was $2,710 but in the 2013-2014 school year, the price went up to $8,893. (Tuition). The modern college education has not changed enough for it to be acceptable for the cost to triple. Also, the total amount of college tuition in the U.S. in 2011 accounted for 3.3% of the total GDP. In 2011, the total price of college tuition, approximately $461 billion, was more than the total GDP of other countries like Sweden and Norway and Portugal. (Denhart). Whereas the cost of tuition in the U.S. only accounts for ... ... middle of paper ... ...legeboard.org/college-pricing/figures-tables/tuition-and-fee-and-room-and-board-charges-over-time-1973-74-through-2013-14-selected-years> "Update: College Tuition Costs." Issues & Controversies. Facts On File News Services, 22 Feb. 2010. Web. 26 Feb. 2014. "US Tuition Too High in Comparison to Europe â� ¹ UMD StatesmanUMD Statesman." UMD Statesman. N.p., n.d. Web. 02 Mar. 2014. . N.p.. Web. 27 Feb 2014. . Are Solely Those of Richard Vedder. "Why Does College Cost so Much?" CNN. Cable News Network, 02 Dec. 2011. Web. 27 Feb. 2014. Denhart, Richard Vedder and Matthew, and The Opinions Expressed in This Commentary Heidi Shierholz, Natalie Sabadish, and Nicholas Finio, "The Class of 2013: Young Graduates Still Face Dim Job Prospects," www.epi.org, Apr. 10, 2013 http://www.2facts.com/icof_story.aspx?PIN=i1400140

Show More
Related

  • Analysis Of The College Bubble By Megan Mcardle

    720 Words  | 2 Pages

        As McArdle points out, the cost for a college education has gone up over the years, leaving students in debt. I agree with this statement, because a college education was more affordable years ago and now it has doubled it’s cost. According to the article, McArdle states “The average price of all goods and services has risen about 50 percent. But the price of a college

    Read More

  • The Myth Of The Student Loan Crisis Essay

    1256 Words  | 3 Pages

    Allan and Davis mention the spike of college cost since 1995 has increased by 150 percent; student debt has increased 300 percent since 2003, and with education, second to the mortgage industry in the nation’s debt, America needs to redirect their attention to the future and focus on education (Allan n. pg). Budget cuts from national to state

    Read More

  • Why College Should be Cheaper

    1910 Words  | 4 Pages

    College is one of the most fundamental institutions in our modern world. It is a place where most of our future politicians, doctors, scientists, and leaders are made. Though, it seems that the price tag that comes with a college education is something that is too hefty for some students. Countless debates go on about whether the price of college should be abolished or whether the cost still is on the students to pay for.

    Read More

  • Rising College Tuition

    736 Words  | 2 Pages

    According to the Bureau of Labor Statistics, college tuition and relevant fees have increased by 893 percent (“College costs and the CPI”). 893 percent is a very daunting percentage considering that it has surpassed the rise in the costs of Medicare, food, and housing. As America is trying to pull out of a recession, many students are looking for higher education so they can attain a gratified job. However, their vision is being stained by the dreadful rise in college costs. College tuition is rising beyond inflation. Such an immense rise in tuition has many serious implications for students; for example, fewer students are attending private colleges, fewer students are staying enrolled in college, and fewer students are working in the fields in which they majored in.

    Read More

  • Cheaper College Tuition

    636 Words  | 2 Pages

    There is no escaping the fact that the cost of college tuition continues to rise in the United States each year. To make it worse, having a college degree is no longer an option, but a requirement in today’s society. According to data gathered by the College Board, total costs at public four-year institutions rose more rapidly between 2003-04 and 2013-14 than they did during either of the two preceding decades (Collegeboard.com). Students are pressured to continue into higher education, but yet, the increasing costs of books and tuition make us think twice. Sometimes, some of these students have to leave with their education partially finished, leaving them with crushing debts.

    Read More

  • Community colleges and Failing Business

    944 Words  | 2 Pages

    Clark, Ken. "Understanding the Skyrocketing Costs of a College Education." About.com Saving for College. Saving for College. Web. 14 Feb. 2014.

    Read More

  • Rising Tuition Prices

    2184 Words  | 5 Pages

    Rep. Dick Zimmer predicts that at the current rate of rising college costs, by the year 2000 the average price tag for attending a four-year public university will be over $50,000 and the average four-year cost at a private university will exceed $104,000. (College costs continue to climb, 14) During the years between 1970 and 1994, the consumer price index increased just under four times, but the average cost of tuition, room, and board at four-year public colleges went up nearly five times, and private college costs rose almost seven times, from just under $3,000 to over $20,000. According to the U.S. News Cost of College Index, the average middle-class worker must now labor 95 days to pay for a year at an average private college. Two decades ago, it took slightly more than half as long to pay for the same education. (Elfin, 90) By 1994, the average four-year cost at a private college was over three times the typical family's annual income. (Reiland, 59) However, The College Board recently announced that US college tuition and fees for 1996-97 increased at nearly the same rate as they had in the previous year, adding that the more than $50...

    Read More

  • College Tuition Summary And Analysis

    342 Words  | 1 Pages

    My understanding of college tuition is the amount you are charged to attend the school of your choice. Colleges set a price for both in-state and out-of-state, typically tuition for students out of state has a bigger price tag. Typically tuition at a community college is much cheaper in comparison to a big, in state or out of state college. To help decrease the cost of tuition you can recieve things such as scholarships or grants. What i've been told throughout high school is that tuition is increasing but as I read through these articles, I found out that that may not be the case. In the interview “College Tuition Grows At Slowest Pace In Decades”, Josh Mitchell said that although it is still increasing, it is increasing at a slower rate than

    Read More

  • Is College Worth the Money?

    1151 Words  | 3 Pages

    College does have its good and bad, but the tuition money needs to decrease in both public and private schools. College should be the best time of everybody’s life, but money shouldn’t be a distraction.

    Read More

  • Persuasive Essay On College Tuition

    1411 Words  | 3 Pages

    Attending college has changed quite a lot throughout the years. When it first arose, it was only accessible to the wealthy, and it was unheard of for everyone else. Only a few decades ago a bachelor degree could almost guarantee a comfortable job, and it was another advantage to any resume. In our current times, many students struggle and are unable to go to college due to the rising price tag that is not showing any signs of slowing down. A college degree is what most employers look for now-a-days, making it more essential than ever before. Unfortunately, it is becoming increasingly difficult to attain one. College tuition and fees should be lowered because 1) student loan debt is crippling for college graduates, 2) lower tuition will increase the accessibility of education, and 3) regulated tuition would lead to a

    Read More

  • Increased Tuition in the US

    914 Words  | 2 Pages

    Tuition increases in the U.S. have been causing controversy since shortly after World War II.

    Read More

  • Argument Essay on College Tuition

    1037 Words  | 3 Pages

    Pendleton, Ethan. “Advantages & Disadvantages of Rising College Tuition.”eHow/How to videos, articles & more. N.p.,n.d. Web. 2 Oct. 2013. http://www.businessweek.com.

    Read More

  • Should Tuition Fees Be Decreased In Post-Secondary School?

    1237 Words  | 3 Pages

    “Education is the key to unlocking the world, a passport to freedom” (Oprah Winfrey). From the time we start school, it is the expectation that we learn the material put in front of us and succeed well enough to move forward towards adulthood and proceed on to post-secondary education. Although many of us succeed this expectation, once post-secondary is the next step in life, there is a huge barrier that can stand in the way. Tuition fees have raised significantly over the years, and although there are many qualified students, many are unable to attend due to financial need. Tuition fees should be decreased because post-secondary is essential to strive in the economy, our financial aid system is ineffective, and high tuition fees creates barriers.

    Read More

  • Essay On College Tuition

    1005 Words  | 3 Pages

    The first reason why one may say that college tuition isn’t too much is because they aren’t paying for it. There are students who are attending colleges and institution on scholarships and grants. They don’t have to worry about the costs because the government has given them free money to go to school because of their academics, athletic abilities, or any other ability one may possess. The second reason why one may say that college tuition isn’t too much is because they went to college years ago when the costs of everything regarding school was cheap. As it was stated earlier, college tuition is increasing every year. When these people were in school tuition wasn’t really much of concern. In California as of 2015, the tuition cost for attending a California State University is over $6,000 and over $13,000 for the University of California school systems (Henshaw). 10-20 years ago college students didn’t have to worry about the high costs and it was more affordable to go to school. The final reason why someone may say that college tuition isn’t too much is because they didn’t choose to go to school at all. If you didn’t go to college you wouldn’t have to worry about school

    Read More

  • The Cost of Higher Education

    1927 Words  | 4 Pages

    Even though there's no exact answer to what it costs to go to college today, it is possible to make a good guess. Figure out what kind of school you want to attend and find out how much it costs to attend. From there, tack on an estimated percentage increase — five percent per year is a good guess(Texas Guaranteed Student Loan Corporation, 2014). According to Merkein(2013) the average sticker prices at the nation's four-year public universities rose 2.9% this year, the smallest annual increase in more than three decades, suggesting that the steeper increases over the past few years "did not signal a new era of accelerating prices," says a report out Wednesday(Merkein , 2013). “A college education is one of the best investments that students and families can make,” Coleman (Hechinger, 2013). Yet ...

    Read More

More about College Tuition Final Copy

Open Document