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Cause and effect of rising college tuition
Effects of high college tuition costs
The effects of rising tuition
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College students are wanting the solution for the cost of tuition to attend an institution of higher education. A solution that effectively helps students and their families save money for one of the most expensive things a person will spend money on. Fixed tuition, also known as guaranteed tuition, is slowly growing in the nation and is even a program some states are forced to offer college students. Fixed tuition is one of several solutions against the rising cost of tuition of America’s higher educational institutions. This policy helps college students fight against the steady rising costs of college tuition. Fixed tuition can also help students graduate on time. The policy however does face opposition from those who have concerns over …show more content…
“Fixed or guaranteed tuition policies set a single tuition price for each incoming class that cannot increase for a certain period—usually four years” (Weeden). During the four or five years a student is attending college, the price of tuition that they are paying from when they enter will not change. Tuition will remain the same if the student opts to join the plan, given that it is provided at the school. This is the only plan guaranteed to keep a student’s tuition at a flat rate for their stay at an institution of higher education. “About 320 colleges and universities offered tuition guarantees during the 2012-13 school year, according to an analysis of U.S. Department of Education data done by the National Association of Student Financial Aid Administrators” (Johnson). The plan is gaining popularity and is spreading to many different schools. This policy is relatively young and started in school many people may not have heard of. “Since Summer 1999 Western Illinois University has offered an undergraduate cost guarantee for tuition…” (Tuition and Fees and Other Costs). This university was the first to experiment with the idea of fixed tuition. Fixed tuition programs then soon started to spread to different schools. It first spread to other schools in Illinois and then to colleges in varying states across the nation. Not only did it spread to six states the United States, but it became a mandatory requirement for colleges to offer …show more content…
Fixed tuition helps them budget and hopefully save money for the next four to five years of their lives while in college. “Students say the programs help them hold down costs by allowing them to budget wisely and borrow less” (Johnson). College is an expensive thing everyone is not necessarily prepared for. Between the costs tuition, room and board, food, books, supplies, and miscellaneous things that come up, saving money in the bank can be a very hard thing to do. Two-thirds of today’s college graduates take on debt to complete their degree (Dwyer). With this staggering amount young Americans starting their lives with debt that will take many years to pay off just to go to school is absurd. Fixed tuition is aimed to help counter this problem and stop people from getting these mounds of debt that they will struggle with for years to come. “…Colleges and universities can claim that they are offering parents and students the comfort of knowing exactly how much tuition they will be charged during the student 's tenure at the institution. This peace of mind is of significant value to those facing the prospect of paying ever-increasing tuition costs” (Morphew). This plan is a peace of mind to many people. Knowing how much you will pay from start to finish and the fact that it will never change is a big deal. The cost of everyday life changes all the time and that stresses people out enough. Knowing if
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.
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.
The price of a four year institution has soared over three hundred percent in the past twenty-five years or so. We would have to factor in general inflation numbers in order to figure out the real significance. After that, we see that in those twenty-five years, tuition has risen at a rate of two to four times that of the national inflation. That has not been the case with college, however, as enrollments only continue to go up. Ultimately this means that families are paying for a luxury they can no longer afford with money they don’t have. Families are looking at an expense that is thirty-eight
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.
Students have every right to be angry about the state of college tuition. In the past 20 years, "tuition increased twice as fast as the overall cost of livin...
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
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.
Consequently, lower, regulated tuition will make college more accessible for those who are worse off. College should not just be limited to the wealthy. Senator Bernie Sanders once said, "Education should be a right, not a privilege. We need a revolution in the way that the United States funds higher education." (Sanders, Bernie. U.S. Capital rally. March 27, 2015) It should not matter where one lives or where they are on the social ladder. What should matter is if a student wants to open his or her mind, learn from a college
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.
There are so many students who would extremely grateful to attend any four year institution but can’t because of the lack of funds. College life can be very stressful, and the process can is very frustrating to most students the first two years. When the cost of college tuition is compared to the 21 century financial economy the cost does not make sense, because for a middle-class family it is impossible to afford sending their child to any four-year institution. It hard for students to graduate with the stress to pay-off hundreds and thousands of dollars in loans. Going to college is stressful enough without the need to worry about how we’re going to pay for it and what other costs will continue to rise with getting a degree afterwards. With the current increase of unemployment rate and the thought of going to college seems like a farfetched goal. Many people choice not to attend a four year institution, because they did receive a scholarship or enough government funding. Having a college background is very important for professional growth, it will eventually limit career opportunities. My stand point is, you may not leave college doing the same thing you began with but the life experience is endless. College experience not only gives knowledge that builds you into a better person by giving a broader erosion. With the cost of tuition increasing will hurt our generation, by causing physical and mental stress but in the end it will all pay off. Not all colleges are for the blame; some of the blame is our economy and other factors play a big roll. As students we need to be aware of all our resources offered, such as Pell Grants, and government scholarships. For example, the some states will pay for a student’s college if they graduate high school with a GPA of 3.5 or higher. There are many states that are willing to pay for all or some of college tuition only if students are willing to use
A college education has become the expectation for most youth in the United States. Children need a college education to succeed in the global economy. Unfortunately for the majority of Americans the price of an education has become the equivalent to a small house. The steep tuition of a college education has made it an intimidating financial hurdle for middle class families. In 1986-1987 school year the average tuition at a private university was $20,566 (adjusted to 2011 dollars) while in 2011 the average cost was $28,500 for an increase of 38.6%. Similarly in public universities there has been an increase in tuition: in the 1986-1987 school year the average tuition at a public university was $8,454 (adjusted to 2011 dollars) while in 2011 the average cost was actually $20,770 for an increase of 145.7%. Most families who are able to save for college try to do so, therefore their children are not left with large amounts of debt due to loans. Nevertheless, families are only able to save on average around $10,000, which is not enough to pay for a full educ...
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.
College tuition is something that parents and students are very concern about. Every year universities raise their tuition. Some parents can’t afford for their children to go to college. Every student wants to experience the college lifestyle. Parents want their kids to have the best education but also want it to be affordable.
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.
In regards to school finance, the ultimate goal of school administrators is to provide all students with the most cost effective, comprehensive education that meets all federal, state, and local requirements and that reflects the values and beliefs within the community. This means that it is an expectation for schools to equip all students equally with the best possible educational opportunities that a community is willing to furnish. However, to accomplish this, school administrators must be able to sustain school programs throughout various economic periods.