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Why is rising tuition a problem
Why is rising tuition a problem
Why is rising tuition a problem
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Why education need costs money? A lot of people ask this question. This question just like why you want to do business to make money. Everything will pay off in return, there is not free lunch in the world. There are four reasons why we need to pay college tuition fees. First of all, education costs money, such as teachers’ salaries. The second reason is tuition also can support school to do research or build new building. The third reason is college has scholarship and finical aid, they already help pay some tuition. Last of all, we all know the higher education gains the higher the wages, when people pay for something, they value it more. First of all, education costs money. Nearly three- quarters of American professors are contingent faculty.
Ehrenberg, a senior administrator and professor of economics at Cornell University, examines the factors influencing the spiraling tuition costs of the past decade: the need to spend money to have the best facilities, faculties, and learning tools in order to attract the best and brightest students. Also, many university and college have free transposition, such as University of Arkansas, and University of Alabama at Birmingham. Students can ride free buses to campus everyday and do not need to pay parking fee and gas. Many colleges need to expand to accommodate larger student populations, and new classrooms with specialized equipment, such as science labs or computer rooms, need to be constructed.
Higher education, especially in science-heavy Germany, is incredibly costly to run and maintain. In a typical economic model for financing higher education, the student would pay for the good that it education and the research that researchers do would lead to innovations that have positive economic impact on society, therefore paying for themselves. according to a new report from the Pew Research Center, adults who graduated from a four-year college believe that, on average, they are earning 20,000 dollars more a year as result of having gotten that degree. Adults who did not attend college believe that, on average, they are earning 20,000 dollars a year less as a result. Also, according to the 2010 Census, the difference in yearly income for a person with a college degree and a person with just a high school diploma is 19,550 dollars. People think college tuition fees are expensive, but they did not consider that when they pay more, they also value
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.
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.
Although a college education grows more and more expensive every year. People begin to question whether college is a good idea to invest in or not. “As college costs continue to rise, students and their families are looking more carefully at what they are getting for their money. Increasingly, they are finding that the college experience falls short of their expectations”(Cooper. H Mary). Many people believe that the cost of a college degree has outstripped the value of a degree.Studies show that a college degree will increase your earning power. A lot of people say that a college degree now is worth what a high school diploma was wor...
Anyone can see that over the past number of years, college tuition and overall costs to attend a university have skyrocketed and is at an all-time high. Although, most people are not too sure why this has happened. According to authors Robert B. Archibald and David H. Feldman in the article, “Explaining Increases in Higher Education Costs,” there are two opposing arguments as to why this has occurred over the years. These include the Cost Disease argument, which was William Baumol and William Bowen’s view of the rising cost of education and the other was the Revenue Theory of Costs, which was Howard Bowen’s view of the topic. There are multiple goals throughout this article. A couple of the goals include explaining the two competing arguments
Free higher education has several economic benefits for students and for the government. According to Thomas Mortenson from the American Council on Education, tuition has risen 230% at state universities and 164% at community colleges since 1980. Student loan debt has reached 1 trillion dollars. As stated by Scott Hines, the founder of the World Education University, “the return on investment just isn’t there.” Many students choose to drop out or skip college altogether because of the high costs. These issues will be resolved if the government funds colleges and more people will be able to graduate. Currently, the government spends billions of dollars on academic programs with very low graduation rates, around 30% (Samuels). This is because colleges spent too much money on luxuries and amenities, and as a result, they raise tuitions while the quality of instruction remains the same. If higher education were government funded and caps placed on tuitio...
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 ...
Going to college has been getting more expensive every year since colleges started. Going to college gives a student a chance to find a career in their major of choice. The only problem is that it isn’t always guaranteed. There are millions of graduated students that can’t find jobs in their major. Most of those students have student loans that they still owe and can’t afford to pay off. The average student with student loans owes over $25,000 and that doesn’t include all that interest that piles up every month. The United States should make college tuition free for everyone that has a high school degree. That can be achieved by making colleges give free tuition, changing the way interest piles up, and by lowering the military budget.
College education goes about the way to an effective future for people who are not kidding with it. Currently, a college education has turned in the base necessity in securing a job in different companies and although some people might think college is not worth the debt, in a long run it actually is.
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.
This nation has always prided itself in seeking knowledge. The truth is that for many, it is difficult to obtain a higher education than that of a high school diploma. However, the issue we face is that we are in a time and age that requires our workforce to have the best possible education to have a fighting chance for a decent job. The Bureau of Labor Statistics (BLS), the premier government source for information on jobs, shows that only 27 percent of jobs in the U.S. economy currently hold a college degree (associate degree or higher). This is a dangerous statistic to be facing when this nation needs to remain competitive in the workforce against competitors in other countries. In 2012, a study was conducted by the Organization for Economic Cooperation and Development (OECD), in which the United States was rated fourth in the world for being the most educated country; leaving Canada, Israel and Japan in the top consecutive slots and placing our nation with only a slight narrow advantage over New Zealand and South Korea. This seems like good enough of a reason for more people to want to push themselves for a higher education. However, the biggest problem that faces most people today in the United States is how to pay for college. According to research conducted through a non-profit organization called The
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.
Throughout my k-12 education, my father stressed how important attending college was. He worked long hours to provide for my brother and I, so that one day we can attend college. My father struggled to pay for tuition when he was a sophomore in college. Which, lead him to dropping out. However, he had a different vision for my brother and I. His goal was for my brother and I to attend college and graduate debt free. Planning 18 years in advance, my father opened the Texas Tomorrow Fund for my brother and I, so that one day we could obtain a college education, without tuition ever haunting us.
Education is a huge topic of controversy, society is always trying to reform what we know as education today. Right now, the first 12 years of education are entirely free for students directly, but in the end are paid for by the taxpayers of the town. The question is, why should only grades k-12 be free why not a college education too? On the other hand, there are some exceptions to free schooling at the k-12 levels. The most prominent being, Private schooling, most towns in the United States have at least one if not many private schools. They require a certain amount in tuition for each of its students every year. An example of this, in my town Salem, NH one of the most known private catholic schools is St. Joseph 's. I had a good friend a few years back
I do not agree with your statement, “Education should be free”. First of all, most of our education we can get it for free. For students attending college may be difficult for the reason that students cannot afford an education. These days, students have plenty of opportunities for scholarships and grants the government could provide. Imagine if college education is free, who is going to pay the professors. We as a students pay for our education so professors can teach us the basic tools to enhance in our educational and professional lives.