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Rising cost of higher education
Effects of rising cost of college tuition
The effects of rising tuition
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Elementary school, middle school, high school, college―that’s how we’re told our education careers should go. After college you go on and get a job based on the degree you received. Seems simple right? According to Erik Lowe in his Seattle Times article “Keep Washington’s College Tuition Affordable,” he informs that people in his generation are the first to be less educated than their parents, in the United States. He explains that this is due to the high cost of tuition followed by a huge amount of student loan debt. Lowe believes that there needs to be a significant change in the country’s higher education systems (in reference to the tuition costs) or the decline of college attendance will continue. There needs to be a decrease of college tuition because as it currently is, many people are unable to go to college due to the cost and if they do, they are loaded with debt and faced with the daunting task of finding a job.
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...
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...e American Prospect. Opposing Viewpoints in Context. Web. 12 Mar. 2014.
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Ellison, Chris. “Lower Tuition Rates Do Not Ensure Less Student Debt.” The Oswegonian. 10 Nov. 2011. Web. 12. Mar. 2014.
Lowe, Erik. “Keep Washington’s Tuition Affordable.” The Seattle Times. 23 Jan. 2009. Web. 6 Mar. 2014.
Meyer, Ron. "It's the price of tuition that hurts; Interest rates aren't all that's wrong about college costs." Washington Times.12 Aug. 2013. Opposing Viewpoints in Context. Web. 12 Mar. 2014.
Vance, J.D. "The college trap: our higher-education system hurts the poor." National Review 27 Jan. 2014. Opposing Viewpoints in Context. Web. 12 Mar. 2014.
College Board, The. “What’s The Price Tag For a College Education?” College Data. Web. 12 Mar. 2014.
One statistic that Owen and Sawhill presented was “Hamilton Project research shows that 23- to 25-year-olds with bachelor’s degrees make $12,000 more than high school graduates but by age 50, the gap has grown to $46,500 (Figure 1). When we look at lifetime earnings—the sum of earnings over a career—the total premium is $570,000 for a bachelor’s degree and $170,000 for an associate’s degree. (Owen, Sawhill pg 641). Owen and Sawhill also mention that “with tuitions rising faster than family incomes, the typical college student is now more dependent than in the past on loans, creating serious risks for the individual student and perhaps for the system as a whole, should widespread defaults occur in the future. Federal student loans now total close to $1 trillion, larger than credit card debt or auto loans and second only to mortgage debt on household balance sheets” (Owen, Sawhill pg 642). Basically, what the authors are saying is college is expensive, but for some career paths, the training and education received in college is necessary to have that job and the benefits outweigh the costs. With a high paying career where a college education is necessary, paying off student loans is no problem. On the other hand, people who go after low paying careers that don’t necessarily need a college degrees,
Iowa State University Office of Financial Aid. (No date). How Much Does It Really Cost? [Online]. (1998). Available http: http://www.iastate.edu/~fin_aid_info/ General Topics/cost.html [1999, October 29].
Lankford, Ronald D. "Chapters 2 and 3." The Rising Cost of College. Detroit: Greenhaven, 2009. N. pag. Print.
Carey, Kevin. "The In-State Tuition Break, Slowly Disappearing." The New York Times 18 May 2015: A3. Print.
Imagine telling that to a student who just finished four years of hard, grueling, expensive work; or, even worse, a parent who paid for their child to finish that same grueling work. But, in some ways, that statement can’t be any further from the truth. College can prepare a student for life in so many more ways than for a career. However, in the way that college is supposed to prepare soon-to-be-productive students, that statement could be right on. As a student myself, I’ve found college to be a little bit of both. I often find myself asking, "How will this help me later in life?" But, then again, college gives me more control over my life and where I want it to go. In trying to figure out what exactly made college like this, and whether the way I felt was felt by others as well, I interviewed an Anthropology teacher at Las Positas College, Mr. Toby Coles, and I examined an essay by Caroline Bird called College is a Waste of Time and Money. The two sources offered interesting views from both side of the spectrum.
Throughout the years, America has always debated whether education is needed- if it helps people succeed or not. The argument in the past was always over high school education, which is now mandatory. That decision has helped the US rise economically and industrially. Today, the US is in the middle of the same debate- this time, over college. Some, like David Leonhardt, a columnist for the business section of The New York Times, think a college education creates success in any job. Others, such as Christopher Beha, an author and assistant editor of Harper’s Magazine, believe that some college “education” (like that of for-profit schools) is a waste of time, and can even be harmful to students. Each stance on this argument has truth to it, and there is no simple answer to this rising issue in an ever changing nation full of unique people. Any final decision would affect the United States in all factions- especially economically and socially. However, despite the many arguments against college, there is overwhelming proof that college is good for all students, academically or not.
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.
Right now in our society a college education is no longer an option or privilege, but rather a necessity. We are practically raised and conditioned to believe that one needs higher education in order to succeed in life. There is a saying that says "if you think education is expensive, try ignorance." But as technology is constantly advancing and computers are running almost anything, is a college education really necessary? There are people whom have never set foot in a college and are doing better than people who have their master's degree. There are views from both sides that contain a valid argument.
Cohen, Steve. "A Quick Way to Cut College Costs." The New York Times. The New York Times, 20 Mar. 2014. Web. 21 Apr. 2014.
In all colleges in the United States, students are required to pay for their classes’ tuition either by themselves, their parents, guardians or a scholarship that they may have. The average tuition fee for an individu...
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.
Denhart, Chris. “How the $1.2 Trillion College Debt Crisis is Crippling Students, Parents, and the Economy.” Forbes. 7 Aug. 2013. Web. 13 Mar. 2015.
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.
As colleges’ funds dry up, colleges must turn to the public to further support higher education. By raising state taxes, colleges can collect funds to help improve the school’s budgets. The state provides funds from the taxes for colleges to receive a certain amount for each student currently enrolled. All community and traditional four year colleges collect these funds in order to maintain the school’s budget. As reporter, Eric Kelderman states, “less than a third of colleges’ budget is based from state taxes”. The school’s budget is how colleges are able to provide academic support programs, an affordable intuition, and hire more counselors. Colleges must now depend on state taxes more than ever for public colleges. Without collecting more funds from state taxes, as author, Scott Carlson explains how Mr. Poshard explains to senators “our public universities are moving quickly toward becoming private universities…affordable only to those who have the economic wherewithal to them” (qtd. in.) Public colleges must be affordable to anyone who wishes to attend. If colleges lack to provide this to students, it can affect dropouts, a student’s ability focus, and cause stress. The problem of lack of funding is that colleges have insufficient funds. Therefore, the best possible solution for the problem of lack of funding would be increasing and collecting more funds from state taxes.
McArdle, Megan. "THE COLLEGE BUBBLE. (Cover Story)." Newsweek 160.12 (2012): 22-26. Academic Search Complete. Web. 25 Feb. 2014.