Rising Costs of a College Education Graduating from college is a part of the American Dream, yet it is becoming more difficult to achieve due to the rising cost of colleges over the past decade. High tuition fees combined with additional costs such as general fees, Equipment fees, health insurance, and non-resident surcharges for the students who are taking the out of state university are rising costs of the college education causes a decrease in enrollment, slower graduation time, high dropout rates, and negative academic effects on students. Application fees, admission fees and orientation fees are just the start of the college expenses. Students whose parents are not financially strong and students who are not lucky enough to get scholarship …show more content…
Even working very hard, if students still cannot make enough to cover the cost of tuition and cannot get more money in loans or scholarships, they may have no choice but to drop out. As Bell comments, "That’s no surprise to parents and students, tuition and fees are increasing in just last three years went from $6,185 to $7,605 today, a 22 percent increase, according to the College Board. That does not include room and board." (Bell …show more content…
While no one loves inflation, it's generally accepted as a fact of life. The same reason applies for the rising cost of the college education. The current US economy is falling badly; and American debt is rising as each day goes by. You might think that how does it affect on college costs? Well it does because state government pays part of the college fees on every student enrolled in college. This fee is paid for the taxes collected from that state. Demands for the students are very high in colleges; the new generation of students wants new technology, modern structure, and facility of portable computers high-speed internet and tutor classes to help students in math, science and English classes. No upgrades and facilities come free. Colleges spend millions of dollars each year; they have to pay to professors, security staff, maintenance, electrician, and to many other expenses. College faculty is one of the biggest expense for the college. Since average faculty salaries is gone higher than past decade. Now college offers more classes, career choices, and majors, which requires more faculty member, extra rooms, and that costs to the college. Those are the reasons of the rising costs of a college
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
Education comes at a high price for this generation and not just financially. Going to college can give students plenty of debt with no promise of a job in return, which can set a student father back on their course of life. Young adults trying to start their lives by going to college encounter many setbacks. Today the average cost for a private university is $25...
Community colleges and vocational tracks are not wrong about the high cost of traditional higher education. According to the U.S. Department of Education’s National Center for Education Statistics, one year at a public, four-year institution costs upwards of $23,000 on average, while private institutions will cost nearly $10,000 more on average. Coupled with the fact that prices at public institutions rose 42 percent and private institutions rose 31 percent between 2001 and 2011, it’s not a shock that parents and students alike worry about paying for college. However, this won’t always be the case, as this rise in prices simply cannot continue the way it has. Eventually, people will be unable to pay the price that colleges charge. They will either settle for com...
When the General Court of the Massachusetts Bay Colony founded the first college in America, Harvard, in 1636, it marked the beginning of college as the backbone to the American Dream (“About Harvard” ). Around the world, America is coveted for the “American Dream” in which someone can go from deep poverty, to unbelievable wealth, all by getting an education which allows a person to obtain any job and reach any economic level. The article “Peter Thiel Thinks You should skip college, and He’ll Even Pay For Your Trouble; The famous disrupted says overpriced universities hold back innovation, and what's to rewrite education to his liking” by Tom Clynes argues people should not attend college because it is a hindrance to innovation, while the article
For the past decade, The United States has stressed the importance of college education, to those seeking employment, and better careers. For most people, college is the logical next step in education, as it provides a working knowledge of a desired field and opens the door to many opportunities, but college has become increasingly more expensive as time goes on. Many people feel that college is no longer an option financially. Even with financial aid and scholarships, the cost of a college education can still be very taxing. This is due to massive price increase across the boards, but the main issue on most people’s minds is the debt that will be acquired from higher education.
For most families with teenagers applying for colleges there is one main question―what will it cost us? According to The College Board, the average cost of tuition and fees for the 2013–2014 school year was $30,094 at private colleges, $8,893 for state residents at public colleges, and $22,203 for out-of-state residents attending public universities. Although these numbers are averages, the actual costs of colleges are widely varied. A sad truth about this is that many students and their families don’t even know where all their money is going. Normally the money is paying for tuition; fees; housing and meals; books and school supplies; and personal and transportation expenses. As showed in the average cost of college, usually a school has a lower tuition for in-state residents and a vastly higher tuition for ou...
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.
It is important to find the means to prevent these students that are victimized by skyrocketing tuition from dropping out, and encourage all incoming high school seniors to continue their education. The reality is that the rise in college tuition is no longer affordable for the average American household. Parents cannot afford to pay for their children’s tuition on their incomes and students are very often forced to enroll part-time in order to have the time to get a job to pay for college. This very often causes a decrease in these students GPA and consequently increases the number of dropouts in the long run. Other times, it will take these students double the time to complete their degrees.
The skyrocketing price of college tuition is causing a tremendous concern over whether higher education will be a viable financial concept to the average citizen over the next decades. Some families have opted to explore different means of obtaining a higher education for their children as these costs escalate. There is overwhelming evidence that colleges need to restructure the way they are run because tuition prices are increasing at a rapid rate causing changes in the way students fund their education and in the way the government provides educational subsidies.
Having the college experience is everyone’s dream, especially High School students who are ready to get out into the world and explore. College is very important for furthering someone’s career, but no one thinks about all the costs and the stress that comes along with college. Tuition fees and costs are increasing more and more each year. Now days it feels like you have to be a millionaire just to attend a good college and get a good degree in what you were attending for. There are some students that do not have a lot of money and live on very little things with their parents, but indeed are very smart and have a 4.0 GPA. Those students are the ones that are unable to attend college if they cannot afford it. College tuition is too expensive,
Today, more jobs require more than a high school diploma. In order to get a good paying job, a college degree is required. More people are attending college in order to get better paying jobs, but is going to college worth a good job with rising tuitions across the nation? According to College Board, from 2002-2003 to 2012-2013, the average tuition and fees for a private institution rose about an average of 2.4% every year. As tuition prices increases every year, it affects millions of college students. It affects college students who have to use government aid to assist paying for college.
The United States has one of the most expensive higher education systems in the world. Public colleges have no control over the state, a major revenue source. Private colleges increased their tuition by an average of 3.9% in 2012 to 1013, the smallest rise in four decades, according to the National Association of Independent Colleges and Universities. The most expensive university, in terms of tuition and fees alone, is currently Columbia University in New York, at $47,246, according to the US News and World Report.
With the rapid growth of college tuition, it has become an important issue in higher education. College Tuition is simply defined as the charge or fee for instruction, at a private school or a college or a university. Most people agree today that college tuition is too high or that it needs to be completely dismissed. There are some however, that may disagree with the claim about college tuition and state that college tuition is necessary for college growth, and it’s primary purpose is to pay for college expenses to support the institution financially. Research shows that college tuition is too high and that debt has become a standard in America after attending post-secondary school.
First, over time instructional costs increase due to rising wages, salaries and inflation. If tuition does not increase the salary of employees will decrease and jobs will have to be cut, because there will not be enough money. Along with a smaller faculty there will also be less class choice and increase in class size. Both of these things will result in a lower quality of education because there would not be enough money due to a tuition ceiling. The tuition that students and families pay goes towards the students education. According to Karen Arenson of the New York Times some colleges are already cutting back, taking such steps as eliminating faculty positions and reducing class sizes. These things are already happening without a tuition ceiling. Just think that all colleges would have to do this instead of some if there was a tuition ceiling.
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 ...