Higher education from United States is the best in the world, since it has a good quality. Tulip said, “United States colleges and universities offer more choice, their graduates receive greater wage premiums, and they attract more than twice as many foreign students as any other country.” Actually, people can see a large difference in wages between people who go to colleges and people who do not go to colleges. People still go to colleges even if many students need to finance their education. Within a good quality in higher education, then more and more international students are studying in the United States. In order to maintain education quality, finance system is significant. It shows how to balance equity and equality in education.
For finance system in higher education, there are so many questions to be addressed. How much is the tuition fee? How much funding does universities and colleges to get to maintain their current schooling? Most importantly, it is the question how does universities and colleges to maintain the level of resources and expenditures. One of main resources for education is from tuition costs. Tulip said, “Public institutions receive most of their funding from state governments and set tuition fees that are relatively low by US standards.” As we see, tuition costs play important roles for resources in education of public universities. From the table 1 below, we can find the average tuition costs for public and private colleges. For public colleges, the average net price is 2700 in 2006-2007, while it is 13200 for private colleges. As we know, public tuition costs are not that expensive comparing with private colleges. Although this amount is low, it still counts as a big stream of revenue for public c...
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...e and federal government seem similar. They both care about fundamental functions from colleges and universities, and they would like to help low income family students. They both federal and state government provide different kinds of financial support. Until now, we know what are the resources for education, and also how government spend their funding for public colleges and universities. It is somewhat difficult to judge whether their budget plans and financing policy efficiently or not. Or it is also hard to judge whether government provide sufficient funding to public colleges and universities. In addition, within so much funding, whether public colleges and universities meet their standards is still hard to judge. So, policy makers need to design a full complete financing system for colleges and universities in order to meet the basic standards of education.
Financial exigency in the higher education industry is an equivalent to bankruptcy in the corporate world. Term Financial Exigency first appeared in 1920s in the draft of the Declaration of Principles on Academic Freedom and Academic Tenure of the Association of American Colleges (Berube, 2013, p.7) as a condition when it is possible to terminate tenured faculty. At that time, there was no clear definition or concise circumstances when universities can declare a state of financial exigency. Since then, this phenomenon has been covered in more details. In this paper, I will define financial exigency, its declaration process, causes, and possible short and long-term consequences and demonstrate it on the example of the University of Louisiana
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...
The idea of freedom and equal opportunity that America was built on has sadly been lost and replaced with a system of quality education only being accessible by the wealthy. In-state college tuition should be free for all students meeting admission requirements, allowing students from the full spectrum of economic backgrounds to have the same opportunity to receive the same education. The incidence of poverty in the U.S. is directly linked to educational level. When a college degree is earned, income levels rise (College Board). The best use of federal government anti-poverty funds is not another welfare or assistance program; it is to make college education affordable for everyone.
Allan and Davis mention the spike of college cost since 1995 has increased by 150 percent; student debt has increased 300 percent since 2003, and with education, second to the mortgage industry in the nation’s debt, America needs to redirect their attention to the future and focus on education (Allan n. pg). Budget cuts from national to state
The critical challenge within in today’s society is that college tuition should be free or if not free, more affordable for all students. Certainly, higher education should not be considered a luxury where only the wealthy could afford, but an opportunity for all caste systems. It must be an accessible and affordable opportunity for all students in order for them to invest in their education. Higher education is important because it provides more careers to choose from than the careers offered without having a college degree. Ultimately, the issue here is whether it is right to make college tuition more affordable for the students.
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.
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.
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 biggest question or dispute regarding the cost of higher education is finding the appropriate monetary and economical equation to determine the percentage of personal and public responsibility. The above debate has been in question since the 1800’s when Thomas Jefferson stated; "I think by far the most important bill in our whole code is that for the diffusion of knowledge among the people. No other sure foundation can be devised, for the preservation of freedom and happiness ”. Those important words that called attention to the importance of having an educated citizenry in order to preserve democracy are until this day, words by which legislator...
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.
He gives many reasons against the tuition-free college proposal. The proposal requires higher expenditure for government and it is not guaranteed that it will improve the educational system and be beneficial for students at community college. Furthermore, community colleges should figure out the solution to solve the growing dropout rates problem instead of trying to add more students to fill their classrooms. For working-class students, the Pell Grant program of federal government already provides two years of free community college for them, and it might also benefit middle-class students. He concludes that the most important thing is figuring out how to use tax money sensibly to help students attend post-secondary school. This article provides current and valuable information for anyone who is concerned with free tuition college
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.
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.
Budget cuts are continuously present and affect the way state governments are able to manage their funds. Researcher Michael A. Rebell has found, “‘A survey of forty-six states with available data indicated that… thirty-seven are spending less on education in 2011-2012 than they did last year, thirty are spending less than they did in 2008, and half of them have cut funding by more than ten percent since the 2008 recession’” (Rebell, “Safeguarding the Right” 1859). In all states, budget cuts are resulting in a reduction in the quantity of resources, educat...
One reason why increasing tuition fee in universities and colleges is not favorable is everyone believes education is really important for everyone. However, high tuition fee makes the education become a big equity problem. There is an ancient saying in my home country China that goes, “It probably takes about ten years for a tree to grow up, but it takes maybe one hundred years to educate a generation of people.” It emphasizes not only the difficulty but also the great significance of education. With the economic globalization gaining momentum, it goes without saying that the competition in the job market will only become more and more fierce. And in today’s world, without a proper education, it is very har...