College Tuition Final Copy

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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

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