Most high school seniors are aware that higher education does not come cheap. The search for an adequate college that is fitting toward the student’s personality, major, and other expectations, while also paying close attention to the amount of debt that would be acquired over the course of their specific class selection, can be difficult. ¨The cost of higher education has surged more than 500 percent since 1985¨ (“College Access and Affordability: USA vs. the World” 2). Both state colleges and private universities can mandate tremendous tuitions which can be challenging for students to compensate; however, it is also necessary and possibly essential for the success and prosperity of the facility.
While moving on to college or a university is typically the next step for a high school graduate, many students decide to refrain from spending thousands of dollars of education that they cannot afford. According to USA Today, ¨ College no longer guarantees success or even a good enough job to pay back student loans¨ The annual cost of tuition and fees at four-year public colleges rose 6.5% from 2008 to 2009, and the prices continue to grow (Steinberg 1). Also, St. John states that unemployment for bachelor’s recipients was up to 12.6% as late as 2011” (1). Not only will two-thirds of students graduate college with debt topping $1.2 trillion as a nation, but additionally, they are finding it difficult to locate decent job placements subsequent to graduation (“College Access…” 5).
Regarding the large national debt of college students, one contributor is that the prices of tuition along with room and board, and other necessities, continue to escalate 1% quicker than the pace of the Consu...
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...hat helped him build his $19 billion firm (Schoen 8).
The large costs of American colleges and universities in this day in age has skyrocketed within the past 30 years. This is obviously difficult for students to keep up with. However, as discussed in the paper, there are ways for them to cope with these large financial setbacks, like tax breaks and understanding student loans. Most decent colleges just use the student’s tuition to make their college a better one, whether regarding research, instruction, or just the overall technological advancements. On the other hand, these prices can be too high for some students and families to manage. There are several students who miss out on the opportunity of higher education because of these prices. Large percentages of deserving students can miss out on an event that would benefit them greatly for the rest of their lives.
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