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Lowering the cost of tuition
College tuition impact on students
Negative effects of rising tuition costs
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Several students are disheartened when it comes to college due to increasing prices of tuition yearly. Most will agree that we need a further cultivated society, but to accomplish this, we must take in consideration lowering the expenses of college tuition. It is recognized that decreasing college tuition does have various drawbacks. For example, it may cut into funds for items such as classroom equipment, essentials, staff pay, administration, and dormitories (Goodman). Nevertheless, lowering college tuition will encourage more students to attend college, relieve students of the stressful burdens of loans, while also creating a better educated society, which will be beneficial to everyone in the long run. Quite a few may be against lowering college tuition, because they feel as though it will devalue college as an entirety. For instance, several believe that college is a form of higher education that should be given to those who are diligently driven to become further knowledgeable, but lowering tuition would also give those who were not so hardworking an option to proceed to college as well. Thus, a college diploma would have less worth. Additionally, while college attendance may grow, added funds will be needed as the college’s …show more content…
population increases. For example, larger dormitories and advanced classrooms. A vast number of students will be motivated to further their education after high school if the cost of college is reduced; they will have a greater sense of hope knowing that there is a greater likelihood for them to attend college. Every student does not have the luxury of receiving scholarships and grants, they depend solely on limited amounts provided by Financial Aid; the rest will result in colossal amounts of student loans. The thought of the burdens of student loans frightens everyone. “The average graduate last year walked away from university with both a diploma and $24,000 in student loans,” notes journalist Barkawi, “Some even say they graduate with debts from loans that reach six figures.” Most will concur that debt is a towering problem in our country. More than one trillion dollars of debt belong to student loans alone. The average graduate student from the Class of 2016 has already reached over $37,000 in debt from their first year of college (“U.S. Student”). Student loans are not only affecting those individuals, it is also putting a toll on their families and on our economy. With so many loans, they are preventing people from doing everyday life activities such as, having a family of their own, purchasing houses, owning businesses, and while also getting in the way of retirement preparation. They have little money to spend, let alone save, which is hurting the economy (“Slash”). Lowering college tuition will not get rid of the heavy weight of stress on students, but it will surely diminish it. Although many may have suitable reasons for wanting to keep college tuition at the same rate, agreeing to lower tuition has even better benefits.
If the problem of increasing tuition subsides, both students and our society will be at an advantage. Today’s youth are the future business leaders of our civilization, and it is unquestionably important that they are well equipped with knowledge in order to succeed and to keep a well-balanced society. We need a country with better critical thinking skills. To ensure that, students must have a higher education than what is given in high school. Secondly, society will benefit, as a result of lowering tuition, since students will need smaller amounts of loans, which will lower debt as a
whole. One possible compromise could be for colleges and universities to provide greater numbers of online classes. In doing so, higher numbers of students are able to progress their education by taking online classes, which are less costly than traditional classes. This will also play a part in reducing tuition, by the reason of, less funds for staffs and classrooms being needed (Haynie). Online classes would also be beneficial to the students because they only have to pay for classes; no additional fees are needed, for example, the cost of meal plans and on campus residences becomes an option not a necessity. It is understandable that people may be against lowering college tuition, seeing that the cutbacks of other college essentials would have to take place, but at the same time, it is not fair to the students that tuition has continued to increase yearly. Although it is difficult for colleges and universities to decrease tuition, it is important that compromises, such as, online education are made more accessible. It is in everyone’s best interest to ensure an improved educated society. Additional efforts have to be done for the well-being of our nation.
Iowa State University is a land grant school which, among other things, means that the university gets money from the state of Iowa from the taxes that residents pay to the state. Because of this in state residents who choose to go to the university do not have to pay a large amount of money while out-of-state residents have to pay almost twice as much. Iowa State University does not have reciprocity, meaning that even residents from the surrounding states, Minnesota, Illinois, etc., have to pay full out-of-state tuition. Out-of- state residents have to pay about $9000 a year for tuition, while Iowa residents pay only about $2500 per year. (See fig1 for semester costs)
It is no secret that the cost of tuition has been increasing since the millennials have arrived. High school graduates try to find themselves after graduating from high school. Some have no idea what they want to do, but those that want to further their education and have a better career will be the successful ones. One of the main reasons why college tuition should be reduced is so that students will not be in debt. Yes, there is FASA but not everyone is eligible for that. High school graduates don’t have enough money to pay for college, they barely have any money at all. College tuition should stay reduced at an affordable cost so students can afford it and not have debt.
College does have its good and bad, but the tuition money needs to decrease in both public and private schools. College should be the best time of everybody’s life, but money shouldn’t be a distraction.
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 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.
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
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...
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
From conducting this survey, I learned that many students,whether they attend a public or a private school are unsatisfied with the rising tuition prices. The findings support my hypothesis. The next step in this research would to ask more college students about their thoughts and opinions about rising tuition prices. I would ask more students from different types of college and students taking on different types of degree. An implication this research could have for other research is that rising tuition prices are hurting students financially.
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.
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.
A lot of families and people are concerned with the cost of college education being too high. There are various ways in which colleges can reduce the cost of tuition. Some people believe that if colleges should increase class sizes, they will be able to make tuition a lot cheaper. For example, in Schumpeter’s article “How to Make College Cheaper: Better Management Would Allow American Universities to Do More with Less” in The Economist, Schumpeter discusses different options universities have to save money in order to make it much more affordable. He addresses Vance Fried solutions that by terminating research programs and increasing student- teacher ratio by increasing class sizes would aid in making college cheaper. Fried discusses a lot of plausible solutions that can help reduce the cost of colleges while maintaining students’ value. However, other people believe that having larger classes will reduce students’ performances. For example, Andrew Delbanco’s book, College: What it was, is, and should be and in Sara Rimer’s article, “At M.I.T., Large Lectures Are Going the Way of the Blackboard”, explains despite the high financial cost of colleges, the advantages of smaller c...
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.
Although education can be expensive, an affordable education makes better citizens. In fact, most people believe that going to college improves the chance of finding a great job, but the effect on society is often not considered. Seeking a higher education, often seems too expensive and the paperwork too complex, therefore many people do not consider attending. In the article “Here’s your Crisis: Student Loan Debt Isn’t a Myth”, Chris Lewis and Layla Zaidane commented “it 's an affordability crisis”(). As our nation ages, education must become more affordable for all because with educated citizens our country becomes financially sound, our citizens become more knowledgeable and their communication skills are better developed.