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Effects of rising tuition costs
Effects of rising tuition costs
Effects of rising tuition costs
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Tuition increases in the U.S. have been causing controversy since shortly after World War II.
It was during a time when the workforce was slow from the aftermath of the war and higher education was becoming a need in order to pursue more knowledge in hopes of finding successful, stable careers. Many families went into debt in order to pay for their children to attend college. With the exception of its military academies, the U.S. federal government does not directly support higher education. Instead it offers loans and grants, dating back to the Morrill Act during the U.S. Civil War and the "G.I. Bill" programs applied after World War II.
The United States has one of the most expensive higher education systems in the world. Public colleges have no control over the state, a major revenue source. Private colleges increased their tuition by an average of 3.9% in 2012 to 1013, the smallest rise in four decades, according to the National Association of Independent Colleges and Universities. The most expensive university, in terms of tuition and fees alone, is currently Columbia University in New York, at $47,246, according to the US News and World Report.
One cause of increased tuition is the reduction of state and federal appropriations to state colleges, causing the institutions to shift the cost over to students in the form of higher tuition. State support for public colleges and universities has fallen by about 26% per full time student since the early 1990s. In 2011 American public universities took in more revenue from tuition than state funding. About 80% of American college students attend public institutions. In a financial bubble, assets like houses are sometimes purchased with a view to reselling at a higher price, and this...
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...crease at public colleges and a third of the increase at private colleges."
Kantrowitz' study also found that "Complying with the increasing number of regulations, in particular, with the reporting requirements, adds to college costs," therefore contributing to a rise in tuition to pay for these additional costs. Since deregulation, the average cost of tuition and fees at the state’s public universities has increased by 90%, according to the Texas Higher Education Coordinating Board. Of the 181 members of the state’s 83rd Legislature, more than 50 have voted at least once to advance efforts to end tuition deregulation, while fewer than 20 have consistently voted to uphold it. Many have never voted on the issue, and more than 40 members are freshmen. This rise, however, is not entirely negative. Tuition increases help universities make up for that in their budgets.
William J. Bennett, who was part of the Reagan administration as Secretary of Education, coined the correlation between loans and tuition prices. In 1987, William J. Bennett wrote an article called “Our Greedy Colleges” in The New York Times. He hypothesized that increasing the ease of obtaining a lot of money through financial aid has led to universities confidently increasing the price. They no longer have to worry about students coming into contact with the balloon costs they set. These increases in price without monetary restrictions have contributed to what could now be the next huge financial crisis. Bennett sees the increasing of tuition solely as university official’s greed to take more. One professor argues against Bennett’s hypothesis.
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.
... through the years after the Great Depression the Unites States staked a claim in the educational advancement of its citizenship in order to build a strong economy. However, unlike years past, public ownership and support of higher education has decreased in the face of growing inflation and the nations changing economy.
As The “Progress of Education Reform” suggests, tuition discounting is major contributor to the rising cost of college in the sense that while it provides a tuition discount to the one particular student receiving the grant or scholarship it places a heavier burden on the majority demographic that attends the university without such discounting. (The Progress of Education Reform” 1). In contrast to popular opinion, scholarships and grants which are normally regarded as blessings are ironically a contributing factor to rising tuition prices. Basically, the universities have to make up for the money they lost by awarding the scholarships so the majority of the student population who did not qualify feel it in their pocketbooks. A final cause of this ludicrous tuition spike is the shift in university budgets to cater to the administration departments of the schools. Jobs in this department are non-teaching jobs that provide student services ranging from student safety to counseling and wellness programs. These jobs are definitely
This requires colleges and universities to raise tuition to students to cover the spread. The interesting fact is that, per Belkin, “Universities are not spending more money educating students than they have in the past.” With this two things are known so far; the first is that the government has reduced its funding per student and that the cost to educate each student has not risen. Dr. Fichtenbaum is referenced in the article, “How to get College Tuition Under Control” by Douglas Belkin in which he says, “Between 1987 and 2012, in real dollars, government support has declined from $8,497 to $5,906 per student.” To put the cost of tuition in perspective Roger Fillion, who wrote the article “Tackling Tuition,” also talks about how tuition has increased by 722% since 1983 while the next closest comparison is healthcare cost which have increased by 356% since 1983 (17-19). Douglas Belkin also points out the fact that states are covering less of colleges operating costs which must be paid for somehow. Therefore, the increase in tuition must be coming from other sources. In the same article, Dr. Fichtenbaum talks about what has caused college tuition to rise. The reason that many people state
Over the last few decades, college tuitions and fees have increased by over one thousand percent, surpassing every category associated with the cost of living including food and medical. This unprecedented rise in cost has resulted in an avalanche of issues for young and middle-age adults. As, a result of steep student loan amounts, graduates are being forced to move back with their parents, fewer young people are becoming homeowners, they are delaying retirement saving, and are dropping out of college at an alarming rate of nearly fifty percent. With all the controversy surrounding the topic of increasing college cost, the revised income-driven repayment program has been created to help borrowers pay back student loans according to their income.
Not everyone graduates college. Or maybe they do but then spend all their time afterward trying to pay back their massive student loans. Every year, millions of students enter American colleges and universities and pay an average of seventeen thousand dollars per year just to enter a public college. A private college costs an average of forty thousand dollars per year. The high prices for their education often cause students to drop out, have a burdening debt, or not even apply to college at all.
College tuition costs continue to dramatically change, which in return creates a headache not only for students but also to parents. From this students are either leaving college for good or leaving with a huge amount of debt on their shoulders. Tuition has become one of the top reasons many high school graduates decide not to continue their studies. In the article, is college tuition really too high, Adam Davidson states, "Tuition at a private university is now roughly three times as expensive as it was in 1974, costing an average of $31,000 a year; public tuition, at $9,000 has risen by nearly four times"(Davidson)? The costs for a private university and a community college are significant upon the comparison. Adam Davidson further explains,
In the mid 1900’s college students were able to pay for their tuition with money they made from their summer jobs (Paul F. Campos). It’s beyond belief that “over the past 35 year’s college tuition as public universities has nearly quadrupled” (Paul F. Campos). This is also becoming a problem to families who now cannot afford to send their children to college. The question that many people across America want to know is why is public college so expensive? College is overly priced because of the need for money for lost state funding, and the many amenities colleges build to attract students to their campus.
The average yearly tuition for public schools in 1988 was at $3,190, adjusted to 2018 dollars. In 2017, the price is at $9,970 (Martin). These prices are increasing much more rapidly than consumer goods, food, or medical expenses. Why is college becoming so costly? A college degree is becoming more and more of a necessity to live comfortably, and students are encouraged as early as grade school to seek out a baccalaureate. Universities are aware of this, and take no shame in taking advantage. As schools are marking up their tuition costs rapidly, they are still flocked with applications, to the point where many colleges are picky with admissions. If congress placed limits on how much public universities can charge for yearly tuition, or tied the rates of tuition increase to the rate of inflation, the student debt crisis would slowly improve. Some states have even implemented free community college, including Tennessee, Oregon, and New
Time Magazine uses the comparison of a gallon of milk. “Tuition at Stanford University in 1980-81 was $6,285. Thirty years later, Stanford’s tuition had risen to $38,700. Tuition in 2011-12 is $40,050. If the cost of milk had grown at the same rate, a gallon of milk would now cost approximately $15.” Time magazine also states that “Since loans now comprise 70% of financial aid packages, the growing tuition burden falls squarely on student-borrowers who may have saved for college but who still can’t meet the high cost of attendance.” These statements show how unfair this system is to have such a growing price, and even if kids save up all their lives, they still cannot
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.
Each year millions of high school students start thinking about which college they want to attend. With an annual sticker price of “$21,228”, students know a college education is not cheap. Students understand that tuition prices are not stagnant “Between 2003–04 and 2013–14, prices for undergraduate tuition, fees, room, and board at public institutions rose 34 percent, and prices at private nonprofit institutions rose 25 percent, after adjustment for inflation” Parents and students often wonder what the cause for these increases are. Unfortunately, there is no one simple answer. The painful truth is the reason for rising tuition prices is the result of several factors.
College tuition will be the bane of certain student’s existence in the near future but it was not always this way. For quite a length of time, people did not pay much for their college degrees. However, in today’s day-of-age that is not nearly the case. A large portion of people are realizing that tuition is very unreasonable and want to change it to be more affordable. While researching college tuition I found not only that I was right about tuition being too high, but I also found that it has inflated more than I assumed it had. Since 1975 to now, tuition has increased by roughly four times the original amount at a four year university.
Universities have budgets which they are supposed to stick to, and now that they are not sticking to them, they need to raise tuition so that they can make up for the extra money that they spent. “The University of Virginia saw a 20 percent cut in their tuition bill in 1999, is planning a midyear tuition surcharge as bad state-budget news continues to poor in,”(Hebel, 2002). Universities are having a very hard time with their budgets that they need to raise tuition. There is a really good question to ask, why are they going over their budgets? There are many answers to that question, one of them is that the government isn’t giving universities as much money as they used to, another answer is that, they have so many students paying to go to their school, that they feel that they have to keep them there, so they spend money improving programs to help their students get the higher education ...