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College tuition impact on students
College tuition impact on students
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As high school students begin to look into getting a higher education, certain factors determine what college they may look into: locations, academic profile, graduation rate, school size, and, to some the most important, the cost of the university. The cost of a university can play one of the biggest deciding factors in furthering one’s education. Many students do not have hundreds of thousands of dollars for college. There are many poor people in this world who want to attend college and earn a degree to support themselves and their family and be able to live a more comfortable life. Everyone should have the opportunity to go to college. Every year, college prices are increasing, causing it to be less affordable. This will discourage people …show more content…
According to the Bowling Green State Website the average in-state student spends about “23,864 dollars a year” ("Cost Summary.”). That is about 95,000 dollars for a total of four years. Students traditionally take out subsidized and unsubsidized loans to cover the total cost of tuition. That may take students ten to twenty years to pay, but if rates are lowered so would the number of loans taken out every year to cover the cost of tuition. A university may not perform as effectively if they have to reduce the tuition cost. Tuition ,in most cases, covers the cost of classes, typically, how much professor get paid, and the daily up keeping of the university If tuition were to get reduced most of those things would be affected. If professors were to not get paid a lot, or have to get a pay cut, some of them may not appreciate that and want to go else where, and if maintenance is not taken care of the school would be in good condition, and which may distract some people or even discourage students and staff to want to work and attend the
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.
The critical challenge within in today’s society is that college tuition should be free or if not free, more affordable for all students. Certainly, higher education should not be considered a luxury where only the wealthy could afford, but an opportunity for all caste systems. It must be an accessible and affordable opportunity for all students in order for them to invest in their education. Higher education is important because it provides more careers to choose from than the careers offered without having a college degree. Ultimately, the issue here is whether it is right to make college tuition more affordable for the students.
Before World War II student loans did not exist. After the war people started chasing the American dream. College education was no longer available just to the wealthy but everyone had access to student loans. Many people that fought in the war did not graduate from high school. When the war was over, they didn’t have jobs, money or education. This is how the GI Bill started (2). In 1965 the higher education Act was implemented which provided funding through grants and scholarship programs. This increased the numbers of adults completing high school and college which led to higher paying jobs. In 1970 the average tuition was only $585 per year (4). Today tuition for a moderate in-state college averages $22,826 according to collegedata.com. Private colleges average around $44,750. This includes housing, books, tuition, fees and supplies (college data). Without financial aid, the principal without interest on a four year college will cost between $90,000 and $180,000. Young couples today that both have college degrees typically both start out with student loans. If you double the figures on a student loan, they start off with payments as high as a mortgage!
When students are looking for colleges to apply to, one consideration might be how much it will cost them to attend that college. This is a very important matter to consider because the cost of going to college is the highest is has ever been. Even though there is some aid to assist students in paying for college, those services are not available to everyone. Some students are awarded scholarships but some of them are only for a few thousand dollars, which means that they still have a considerable amount of debt to pay off. When you take into account the cost of text books, classes, application fees, and room and board, the final bill ends up being overwhelming. The large total at the end of the bill could scare students who cannot afford all of this. Lankford poses the question “Can anyone attend college?” He ...
Personal Finance Essay Many students in today’s world believe they need to take out student loans for college. I believe you don’t have to take that path. Student loans are hurting many students who attend jcollege, and I believe that the loans should stop. Any student can get through college and be debt free at the end.
How does the rising cost of college tuition affect us? Every year thousands of students attend a college or university, usually of their choice, with the goal of achieving a higher education and to better their future. The cost of attending college is too high and it needs to go down; there needs to be more scholarship and grant opportunities. The high cost of attending college is a major reason that students aren’t able to achieve higher education; others take this as a challenge and it is motivation for them to work harder to achieve their goal. One might ask why would someone want to spend money to receive more education and miss out on more years of work that they could’ve performed? For many, it is so they can receive more salary for the jobs that they will have later in life, also so that they can get training for their wanted career. The cost of attending college is high and continues to rise without indications of decreasing. The rising cost has many benefits such as earning more pay, but it also has its disadvantages such as the debt that is accumulated from student loans. Not everyone can afford to drop down thousands of dollars and attend school for a few more years. Students who wish to receive a post-secondary education must decide whether it is the right choice for them depending on their financial standpoint, meaning that they must decide if they have the resources to further their education.
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
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 about twice. Sometimes, some of these students have to leave with their education partially finished, leaving them with crushing debts. It is important to find the means to prevent these students that are victimized by skyrocketing tuitions from dropping out, and encourage all incoming high school seniors to continue their education.
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...
The main reasons that tuition should be lowered are that students need an easier and a cheaper access to higher education, so that children who are born into poverty have a chance to make a better life for themselves, and so that the amount of student debt in America is decreased. Currently, students do not have a simple or inexpensive access to higher education due to the increasing cost of tuition and the decreasing amount of scholarships being awarded. Aside from tuition, state colleges fund academics mostly by state appropriations.
One of the most important thing in our life is education, because it is needed for the rest of their lives. Education has become a mental stress for students who have to pay for tuition out of their pockets because tuition fees are increasing every year in a way that some people aren’t able to afford. Tuition is a fee for a class that a student has to pay in order to take the class. Education is very stressful matter and every student has to maintain really good grades because there is a lot of competition in every field. However, there are smart people who aren’t able to attend the best universities that they want to go to because university’s tuition is increasing and will continue to increase without staying steady. So what are the reasons behind increasing tuition, and what are the effects of it on students? What can the U.S. Department of Education do to try to solve this problem?
Fighting the cost of college tuition is a hot topic these days. As long as I can remember, tuition has always been a reason why most people don 't pursue their bachelor’s or even associate degree. Today 's society has changed students are fighting for grants, financial aid, and even loans to pay through school. In order to be financially comfortable in the 15th century a college education is a must. It is an everyday battle getting financial support from a college’s administration. Colleges need to be more affordable, obtaining funds less stressful, and colleges must enact policies that condone these principles.
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.
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.
Many significant questions regarding higher education are in relation to its cost, raising fears that higher education has become unaffordable. Education fee for universities and colleges has continuously grown to become one of the largest expense for most students and parents over the years, especially with the never-ending dramatic tuition fee increases resulting from public funding cuts for education by the federal and state governments. Selingo (para 3) reported that higher education cost definitely has a direct impact on access, thus, the frequent increases in cost are logically of great concern to many, including parents, students, and education policymakers. In other words, this has disadvantaged the poor families, resulting in unequal education opportunities for Americans and putting attainment of higher education in danger of becoming a hereditary privilege rather than a right for all people (Selingo para 6).