Since 2004 the tuition of college has risen by nearly 60% (Tuition and Fees by Sector and State over Time 2013). College is getting increasingly expensive while finding jobs is getting more difficult. Some people are beginning to think college is not worth the cost. With the way the economy and job market have been changing some degrees may be not as useful as others. I plan to major in Computer engineering and programming at either Texas A&M, UT Austin, or UT Arlington. When the tuition, cost vs. benefit and opportunity cost are analyzed I am in luck.
With the rise in tuition the cost of college is very expensive and not everyone can afford it. For the schools I want to attend the tuition is not to insane ,but not cheap. For A&M the tuition plus other fees, room & board, books, etc., is $21,581, for UT Austin it is $26,148, for UT Arlington it is $22,508 (College Costs - 2013-2014 - All Institutions 2013). The cost of the colleges are not cheap, but I can probably get by with financial aid. My brother is currently attending UT Arlington and almost all of his school is paid for by Financial aid and grants. The financial aid I receive should be of similar amount and I am also applying for many scholarships which my brother did not. If I am able to attend college without paying much for it I will have a very good cost vs. benefit.
The cost vs. benefit for is greatly in my favor. I should not have to pay much for attending college while if I acquire my desired degree and get a job I will be getting payed around $103,980 annual (Occupational Employment and Wages, May 2012 - 17-2061 Computer Hardware Engineers 2012). The demand for computer engineers is high so finding a job will not be as hard as some others may be. The cost ...
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Daw, Emily. What is the Opportunity Cost of College?. wiseGEEK. Retrieved from http://www.wisegeek.com/what-is-the-opportunity-cost-of-college.htm
Holtom, Brooks C. & Brummel, Tony, College is Worth the Cost. Bloomberg Businessweek. Retrieved from http://www.businessweek.com/debateroom/archives/2010/03/college_is_worth_the cost. html
(n.d.). College Costs - 2013-2014 - All Institutions . College For all Texas. Retrieved from http://www.collegeforalltexans.com/apps/collegecosts.cfm
(n.d). Occupational Employment and Wages, May 2012 - 17-2061 Computer Hardware Engineers. Bureau of Labor Statistics. Retrieved from http://www.bls.gov/oes/current/oes172061.htm
(n.d.). Tuition and Fees by Sector and State over Time. College Board. Retrieved from http://trends.collegeboard.org/college-pricing/figures-tables/tuition-and-fees-sector-and- state-over-time
Martin, Andrew, and Andrew W. Lehren. “A Generation Hounded by the Soaring Cost of College.” The New York Times. 12 May 2012. 31 Aug. 2016
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Graduating from high school is a proud moment in every student’s life. They must prepare what comes next for them whether it’s to get a job, start a career, or pursue continuing education. The cost for a college education can be overwhelming. There are many factors that play into the cost of going to secondary education. College tuition, fees, books, supplies, transportation, personal expenses, room and board. These expenses can vary for public community colleges and four year universities, public or private universities, and state residents or out of state residents. Community college tuition can range from $1,000-$12,000 for state residents and $4,000-$30,000 for non-residents. Four year college tuition can range from $4,000-$16,000 for state residents and $10,000-$35,000 for non-residents. Private four year institutions can cost as much as $25,...
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.
Jon Marcus, an editor for the Hechinger Report, examines how long it will take for a college student to graduate and how it affects the cost of getting a college degree, “The Reason College Cost More than You Think”. Marcus was an online writer for Time in 2014, and he mostly writes about higher education, mostly it is about college. College cost more than a person thinks because of the length that a student will graduate college; courses that a college student takes time and expenses that need to be paid
This report looks at college from the prospective of adults who have not attended college but are considering obtaining a degree. The research results give several statistics related to adults wishing to continue their education and the main concerns that they face in doing so. They mentioned many of the factors that influence adults’ decisions to pursue a post-secondary education and how they will pursue that education. Facts presented in this report show that many people wish that they could further their education. This report will allow me to broaden my viewpoint by not only viewing college’s worth to students recently graduated from high school but also to older adults seeking to return to college.
People are more curious now and speculate if a degree is worth it before they go and spend all the time and money for a college education. In “The Value of a College Degree” Jaison R. Abel and Richard Deitz says “Tuition costs have been rising considerably faster than inflation, student debt is mounting, wages for college graduates have been falling, and recent college graduates have been struggling to find good jobs. These trends might lead one to believe that college is no longer a good investment” (Abel and Deitz, 2014). This is a good counter argument but I can tell you why it isn’t valid. Why is the value of a degree so high even when tuition costs are rising and college graduate wages are getting less and less? The answer is because the wages of high school graduates have also been dropping. Since both wages are dropping wouldn’t it make sense to go with the higher one? I think so because I’d rather get a degree and have a medium paying job than not have a degree and have a low paying
Having the college experience is everyone’s dream, especially High School students who are ready to get out into the world and explore. College is very important for furthering someone’s career, but no one thinks about all the costs and the stress that comes along with college. Tuition fees and costs are increasing more and more each year. Now days it feels like you have to be a millionaire just to attend a good college and get a good degree in what you were attending for. There are some students that do not have a lot of money and live on very little things with their parents, but indeed are very smart and have a 4.0 GPA. Those students are the ones that are unable to attend college if they cannot afford it. College tuition is too expensive,
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
Today, more jobs require more than a high school diploma. In order to get a good paying job, a college degree is required. More people are attending college in order to get better paying jobs, but is going to college worth a good job with rising tuitions across the nation? According to College Board, from 2002-2003 to 2012-2013, the average tuition and fees for a private institution rose about an average of 2.4% every year. As tuition prices increases every year, it affects millions of college students. It affects college students who have to use government aid to assist paying for college.
It is perceived that college graduates will make more money and be successful in their lifetime. Although it may seem that college graduates are more successful in the long run, which they can be if they are motivated. Anyone can get a college degree but what one does with it is what determines their future. President Obama has called it “an economic imperative.” The rate of return on education is 10%. If one goes to college an extra year he/she can earn an extra 3,000 a year. If one attends a 4 year then he/she can earn up to an extra 12,000. Attending college can cause anxiety because of how much one may pay. In the future it will pay off because it 's given one a way to provide for him or herself. The rate of return has increased tremendously with some colleges providing financial-aid. Along with colleges having financial-aid and high
The cost of out of state is too much to be a full time college student. Although some families make an average amount of money that would seem to not need any help with their college funds, their finances really do. My family is a prime example; we have five kids in my family including myself. The two oldest kids, my older brother and I both attend college and mine happens to be out of state. Take a look at the numbers; it takes a toll on what a single parent spends per year. My father works very hard for his money and I don't want him to use his money on me getting an education and cheerleading for an awesome college. I want it to m...
College was once seen as the only way to better your life, and immensely increase your income. But now that is all the past. Caroline Bird states in her narrative “College Is a Waste of Time and Money” that “A great majority of our nine million college students are not in school because they want to be or because they want to learn” (Pg. 373). Sadly the author has a good point, and goes into detail what makes college, so obsolete in our day and time. In particular Caroline Bird mentions that students nowadays see college as something sad and depressing. She then goes on saying that most kids go to college to please their parents, or a way to get away from intolerable home situations. Today I will be talking about why I think is a waste of time and money, and will be elaborating on questions like, is college even worth it, and is it becoming obsolete.
The idea of going to college has many cons but it also has many pros. It is very important to get a college education. Although college is expensive, risky, and time consuming, the pros of a college education making more money, having increased opportunities, and finding jobs with better benefits over come all of these things. Having a college education Makes a person feel more stable, comfortable, and less dependent on other people. Even though it is expensive scholarships can be offered and a person will