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the effects of rising tuition
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effects of rising cost of college tuition
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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. As the high school chapter is coming to a close, many students have to make a decision that will affect the rest of their lives. Hopefully, for many that decision is to enroll in a college and attain a higher education. However, as tuition costs rise, students have to take a second look at their options for a better future. A community college is that second look for many because it is the less expensive option. From 2007-2009, enrollment for community colleges has increased by 24 percent (“College costs and the CPI”). Students aren’t choosing a college for educational purposes because they are overwhelmed by financial issues. They are attending community colleges so they will be able to graduate with a lower debt. Some seniors have wanted to attend a certain university all their life and they work toward that goal through grade school; however, they are hindered by soaring tuition for that college. Students should be able to attend a private university if they mee... ... middle of paper ... ...ing the mindset of the students to aspire for jobs that they will be able to pay off their hefty loans. Students aren’t reaching for their passion but rather an apathetic job that society is forcing on them. America’s future lies in the youth and building an educated youth that is interested in their career would benefit society. Rising college tuition is hurting the higher education of America. As more financial pressure is placed on these kids, the more they aren’t able to focus on their goals and dreams. Although inflation is a problem, the students who are able to graduate will benefit society if they worry more about their job. They should be able to satisfy their duty in society and a rise in college tuition will hinder that vision substantially. Works Cited "College costs and the CPI." Arkansas Business 9 Sept. 2013: 7. General OneFile. Web. 7 Nov. 2013.
Since the 1980’s the cost of attending colleges have increased rapidly. Rising costs of for Medicare, highways and prisons have caused many states to reduce a percentage of their budget for higher education. Colleges and Universities currently face a very serious challenge:
The second chapter of this book advocates students to attend college, even if they must take on a moderate amount of student loan debt. They give statistics showing the tremendous gap in wages between a college graduate and a non-college graduate. The third chapter of this book argues the opposite viewpoint of the second chapter. The author states that the cost of college today is too high and that there are too many college graduates flooding the job market causing many of them to go unemployed or seek low level jobs that do not pay enough to pay off their student loans. Both of these chapters will help me to show the two main ...
Community colleges and vocational tracks are not wrong about the high cost of traditional higher education. According to the U.S. Department of Education’s National Center for Education Statistics, one year at a public, four-year institution costs upwards of $23,000 on average, while private institutions will cost nearly $10,000 more on average. Coupled with the fact that prices at public institutions rose 42 percent and private institutions rose 31 percent between 2001 and 2011, it’s not a shock that parents and students alike worry about paying for college. However, this won’t always be the case, as this rise in prices simply cannot continue the way it has. Eventually, people will be unable to pay the price that colleges charge. They will either settle for com...
Imagine telling a student who just graduated from college that you have wasted four years of hard, stressful and even worse, expensive work. Unfortunately, in this cynical society today, the world isn’t just full of competitors, but it’s full of greedy money-grabbing businesses. The worst businesses aren’t manufacturing or electric companies, but colleges and universities. In Caroline Bird’s essay “College is a Waste of Time and Money,” she examines how college has been viewed for so long as the best place to send high school grads no matter whether they actually want to go or not. She adds that students don’t realize how much college costs and are wasting their parents time and money, which is especially a horrible thing to waste. Now that the economy is better since September 11th and states have been stabilizing their budget debts, it doesn’t make sense that tuition prices higher than ever for college students.
Andrew Hacker and Claudia Dreifus report in their essay “Are Colleges Worth the Price of Admission?” what is expected from universities in exchange of their high costs. Currently, the price of education has duplicated its cost in comparison to the last generation (Hacker and Dreifus 179). Making a huge investment and getting poor results are the reasons what make parents and students hesitate before choosing a college. Hacker and Dreifus emphasize that colleges that are doing well their job share factors that make worth paying high tuition fees. These factors include: close relationships between professors and students, an adequate use of technology, and access to scholarships or part time jobs to make education affordable. Considering the
When the time comes to talk about college, a large number of questions arise. Although many come forward, the first question is if college is even affordable. The main problem families’ face is the difficulty to pay for college, especially with the current economy’s condition. Patrick Callan, president of the National Center for Public Policy and Higher Education, states “Given the financial hardship of the country, it’s simply astonishing that colleges and universities would have this kind of increases” (Lewin). What if a young adult has a dream to attend a certain university in a different state? Residency regulations cause the cost of out-of-state schools to raise tuition to almost three times the cost of in-state; however, this alters many students’ decisions on where to attend college. While personally experiencing this problem, I was forced to go to an in-state school instead of following my dream and attending Auburn University. ...
College is one of the largest financial burdens in today’s society for many. Since the recession, people often ponder what the best financial options for students looking to go to college are and what path they should take to get them there. Being able to read other’s opinions on said topic can be rather beneficial for one looking into the possibility of furthering his or her education. Mike Rose, faculty member at the Graduate School of Education and Information Studies at the University of California, Los Angeles, and Karen Lawrence, the president of Sarah Lawrence College, have both shared their opinion for others to read by writing articles about this epidemic and stating what they believe to be the advantages and some of the possible downsides
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.
Students have every right to be angry about the state of college tuition. In the past 20 years, "tuition increased twice as fast as the overall cost of livin...
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.
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.
One of the biggest problems facing students today, is the fact that there is no real financial security after earning a degree. Many students find that the little amount of financial aid available, is not satisfactory to provide a stable source of payment for tuition. This is exaggerated by an exorbitant cost of the ever rising education costs. The facts are, it is expensive to get a higher education, and there is little alternative to receiving a degree. Students who manage to finance their college education through government, or private loans, enter a whole new set of problems upon graduation. Student loans are difficult to pay back. Loans generally have high interest rates, and long term effects. Many graduates end up paying for loans decades after their commencement. To these unfortunates, retirement may have to be prolonged, and is still not assured to be stable, as well as payments on cars, houses, and other goods purchased. A call for action is required among students to invest for the future. Many need the money that could be rewarded with a wise investment in the mutual fund market. There are many jobs today which require a college degree for consideration of employment. Some jobs require the skills obtained in earning a degree while others are attempting to "weed" out a number of job seekers. This increase in the number of jobs demanding degrees is causing more people to continue their education to a higher level. The law of demand states "other things remaining the same, the higher the price of a good, the smaller is the quantity demanded"(Parkin, 69). The good in this case is the job, whereas the price is the education or what it is going to take...
This abrupt career decision is made without proper guidance and foresight, which results in students working toward a degree that they are not interested in pursuing or they drop out of college. College professors said: “I find my colleagues around the country deeply concerned about students assuming vast debt burdens and about those parents who respond to the financial pressure by urging their children to make career decisions at just the wrong stage in their development” (McPherson). Students are too young and uninformed to be making crucial decisions about their future alone. In order for students to succeed after college with the littlest amount of debt possible and a profession that they enjoy, they need to have a precise path to follow while obtaining an education. Having a plan and guidance allows students to determine the pros and cons of each field of study and the opportunities that are available. This instruction guides students to obtain a degree that offers a variety of stable jobs. Therefore, this process is an efficient way to help eliminate unemployment, and massive amounts of debt for college graduates. Many students assume that by going to college they will come out with a bachelors degree. Without having the navigation skills to pursue a degree, students will fall flat. According to a study by Avery and Turner “Of everyone who enters college expecting to get a bachelor’s degree, more than half leave with no degree and average of $7,413 in debt” (Haltom 14). This problem occurs because students don’t have any specific person guiding them to make sure they reach their goals. Before college, students would depend on their parents to keep them on track and get things done, but now they are forced to manage themselves. Therefore, if students had someone overseeing their progress and
Most students plan to attend college after graduating high school. Having the college experience is everyone’s dream, especially High School students who are ready to get out into the world and explore all the new things there are out there. 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. Many people only think about the fun and new opportunities they will have but they do not think about how much it costs to have all of this. Tuition fees and costs are increasing more and more each year. Nowadays it feels like you have to be a millionaire just to attend a good college and get a good degree in what someone is attending college for. These costs could
College students are facing crippling tuition, in fact, according to a 2014 study done by the College Board, college prices are rising faster than the rate of inflation, with college prices rising at a rate of 2.9% while inflation is rising at a rate of 1.4% (Lorin). These college prices have adverse effects on the wealth and welfare of college graduates as well as the job market. Recent college graduates have to make the decision of whether to re-enter college or take a job for which they are overqualified. Due to their economic situation or the inability to find an occupation, many graduates do not have this option, as they are forced to drop out of the job force. The increasing prices of college are negatively affecting both