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Significance of rising college tuition
Effects of rising tuition costs
Effects of rising tuition costs
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Community college students aren’t benefitting from this formula because the split is drastic. Even though the formula was established to dispense a minimum annual fund it did not create a fair distribution of money. As Ould said, “the way government funds schools is a mess” (13). Not enough money is going into classrooms in order to measure up to the demand of classes. Tuition fees have also increased so that colleges could get themselves more money. Community colleges have suffered most when there is a decrease in per student funding, “ there is no question it negatively impacts the quality of a community college educational experience as seen in longer lines, larger class sizes, fewer course offerings, and less services provided” (6). A …show more content…
Instead of encouraging students to be successful, “the United States was one of the first countries to move away from public provision of higher education by increasing the enrollment fees to attend university” (Ortiz 710). Students are left either in debt for many years after their education or worse cease to continue their education due to tuition and enrollment fees. Financial aid is crucial to a young adult. However with budget cuts the amount of financial aid distributed still leaves students in debt for years. Why are students being punished to further their education when an education is the only way to get higher paying jobs? An education contributes to low unemployment rates which only benefit the state yet the state feels it would be best to increase all expenses to …show more content…
An increase in taxes specifically designed to fund school would erase many of the problems the community college system and K-12 system faces. The state’s low income population would greatly benefit from this as they will then be able to afford a proper education. A few cents or dollars from tax payers to a great cause like education would also help stimulate the economy. The educational system needs more money, “favorable state economic conditions such as low unemployment rates and high gross state product, for example, have been found to be associated with increased higher education spending” (Ness 337). Budget deficits will only hurt the economy as higher ranking jobs will not be available and students without a college education will be force to compete for minimum wage jobs. Since the state refuses to raise government taxes it has left the state in a position where the only option is to make cuts in certain necessary programs to balance the
As McArdle points out, the cost for a college education has gone up over the years, leaving students in debt. I agree with this statement, because a college education was more affordable years ago and now it has doubled it’s cost. According to the article, McArdle states “The average price of all goods and services has risen about 50 percent. But the price of a college
Some of these industries include plumbing and health care. Therefore by charging for tuition at universities we are able to create funding on lower vocational jobs, were still without degrees they are significant to our country. Aside from job spending, this will also increase taxes. According to Forbes, an advisor network, Mike Patton has gathered that the public debt per taxpayer in 2004 was $72,051, and in 2017 the projected debt will rise to $161,022. Furthermore the spending of tuition will raise taxes and prevent the advancement of skills in vocational jobs. Secondly this will cause a dramatic increase in graduates, were this sounds astounding, 50% of the graduates will work for jobs that do not require a degree. Although others may argue that those who turn away from degrees will turn to vocational jobs which are also important to the economy, some may refute that the spending of their tuition was worthless and only adds to the debt crisis. This takes away not only the value of opportunity to become a doctor, or a scientist, but inflates the misuse of tuition spending. Finally free tuition will alter the value and quality of education. According to
A state income tax is a small price to pay considering all the benefits it provides many citizens with. As a college student, I am trying to receive as much state money to fund my college career, and not having a state income tax is leaving less money to fund my education. With a high sales tax my school supplies end up being more expensive and with property taxes being so high, rent increases.”The Senate’s first crack at the budget calls for hundreds of millions of dollars of cuts for universities”(Watkins, Daniel, 2017).
A look back at the institution of education over the past 20 years will reveal that once upon a time a bachelor’s degree was long since considered the marker of ultimate success, the highest level of achievement that one could make in their lives. In those days, if for some reason you failed to march across the stage on graduation day after an epic, four-year stretch of high tuition, long nights studying, and unrelenting professors that found great joy in riding your back, then you had indeed failed at life.
college can be until they actually experience it. Some will succeed while others don 't have the time and patience for it; as a result, those will be forced to drop out. Stuart M. Butler, states that Less than 20% of students who attend a Community college will graduate within 3 Years, and 15% of those students will continue and get a bachelor’s degree within 6 years (Butler). This evidence suggests that students who attend at a community college and get a degree is very low, and is even lower to those students who will continue to get a higher education after 2 years of community college. So why should the government be paying for a student’s education, if less than half of students will graduate. Is that not a waste of the government’s money? Free college will not help students because students will not take advantage of it. But instead would rather abuse the program. This will affect the students in the future because students will not be getting a degree. This will lead to students having a harder time getting a high paying job to support themselves in the
So the system that is supposed to lead to financial stability later in life causes families to use nearly one hundred percent of their revenue in a given year to continue the cycle for their kin. The main culprit in this treacherous cycle is, you guessed it, the government. According to Paul F. Campos in his article “The Real Reason College Tuition Costs So Much” he cites Sandy Baum saying, “it’s not that colleges are spending more money to educate students, it’s that they have to get that money from someplace to replace their lost state funding — and that’s from tuition and fees from students and families.” (Campos). Essentially, the government has been cutting funding over the last decade due to various reasons. The recession in 2007 was a major contributor to this loss of funding. In fact, Lynn O 'Shaughnessy writes in her article “Why college tuition keeps rising”, “Since 2008, when the recession hit, total public funding for higher education has declined by 14.6 percent.” (.O’ Shaughnessy). Public funding is a lifeline for middle and lower class families when it comes to sending their children off to college, with such devastating cuts it is nearly impossible for
Once a person graduates from high school they are left with a difficult decision, wither to go to college or not. Some families this is not an option, their kid will go no matter what, but many students do not want to go to school and have so much student debt by the time they finish that they will have to pay off that they decide that college is not worth it. According to Craig Smith in his article in Education Digest he says, “too many families cannot afford to send their children to college so the student is left with making the decision on wither to go to college and collect debt or just skip college altogether” (Smith 42). He has a good point. Too many students feel like they have to pay so much yet they are not really getting much out of it. Smith later on in his article states, “We must stop balancing our state and institutional budgets on the backs of students and families” (Smith 46). School should not be all about money, it should be about helping the students get the education that they need so they can make it out in the big world. If a student is so worried about how they are going to pay their school bill they are not going to be focusing on their class work and it ...
If funding for college were to be extracted from taxes. Then to fund the education of everyone that wants to go to college would dramatically incr...
Employers consider a degree necessary for getting a job at their company. However, not many people can afford college. The solution is to take out loans, then college becomes affordable. These loans create a whole different issue, student loan debt. This can affect people their whole lifetime and has been happening for years upon years. But, in the more recent years America is starting to shed more light onto the issue and are becoming curious on why colleges charge twenty five thousand dollars, or more, for a year of education. Many different countries offer free college, but in America student loan debt keeps getting worse.
and tuition plays a major role in students’ decision for attending college. Students according to a 2008 national survey of roughly 1800 students who qualified to attend college 1000 students of those 1800 did not attend college at all. The main reason claimed by 80 percent of the “non-college-goers” was due to lack of money, more especially not enough grant aid. Although a student was well qualified to attend college having no financial aid made their choice to attend impossible. On the other hand, students who couldn’t receive enough grant aid sought other alternatives to go into college like getting loans. Depending on the amount of years one chooses to attend college it can rack up to an unbelievable amount. According to Edvisors, a financial aid website, “The class of 2015 graduated with $35,051 in student debt on average.” Imagine that! It’s no wonder that the students who didn’t receive enough grant aid chose not to attend college. It was because they did not want to accumulate a debt that in most cases they would have to pay throughout their lives, claiming that tuition cost is too much for
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.
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
Higher education costs have been increasing at a rapid pace, faster than inflation for the economy as a whole, for the past fifty years. It started in the 1960’s when the federal government passed the Higher Education Act to increase the amount of people able to afford and attend college. Regardless of the Unites States Government efforts to increase the affordability of college, federal aid programs have not risen to expectations due to the ever-increasing college prices. To lower the price of college, the government needs to cut back on student financial spending to go only to the lowest income families and create tax incentives for families to start saving up on their own.
As colleges’ funds dry up, colleges must turn to the public to further support higher education. By raising state taxes, colleges can collect funds to help improve the school’s budgets. The state provides funds from the taxes for colleges to receive a certain amount for each student currently enrolled. All community and traditional four year colleges collect these funds in order to maintain the school’s budget. As reporter, Eric Kelderman states, “less than a third of colleges’ budget is based from state taxes”. The school’s budget is how colleges are able to provide academic support programs, an affordable intuition, and hire more counselors. Colleges must now depend on state taxes more than ever for public colleges. Without collecting more funds from state taxes, as author, Scott Carlson explains how Mr. Poshard explains to senators “our public universities are moving quickly toward becoming private universities…affordable only to those who have the economic wherewithal to them” (qtd. in.) Public colleges must be affordable to anyone who wishes to attend. If colleges lack to provide this to students, it can affect dropouts, a student’s ability focus, and cause stress. The problem of lack of funding is that colleges have insufficient funds. Therefore, the best possible solution for the problem of lack of funding would be increasing and collecting more funds from state taxes.
Fees and loans are too big of a load for young people to carry. A lot of students drop out do to the pressure of having to worry about all the loans they have to pay back after they are done with college. This should not be an issue to the student. According Iatham Emmmons, “Even worse, a large portion of students never receive funding at all due to the multitude of stipulations that must be adhered to in order to qualify for assistance. A major flaw in the current federal educational assistance programs is that the students’ parents’ income is used to calculate financial need” (Emmons 3). Even citizens who try to get help by applying for funding never end up getting it because they do not meet the needs required for the funding. Education should be p...