Bethune Cookman University is a wonderful, loving historical black university. With every positive there has to be a negative. There are many challenges for Bethune Cookman University’s First Time Freshmen. Financial aid is the greatest of all. Being a private institution makes expenses more costly than State Colleges. First Time freshmen paying tuition and/or college loans make money matters at the top financial challenge. Students just coming out of high school do not have a lot of money.Not all students will be ready for the financial hassall, BCU Financial aid department will to put them through. Not many students have saved up enough money even if they have been working since they were younger. In High School, Teens don 't really think about saving for financial difficulty they may run …show more content…
For example, eligibility for scholarships and grants is denied. Freshmen may end up paying for it. For example, taking out a Parent Plus loans . Which are Federal loans to parents can borrow up to 100 percent of the cost of a student’s education. If Bethune Cookman lowered tuition, and book prices, people may have more opportunity to attend.The benefits of lowering college tuition cost include the fact that higher education also will increase the accessibility of a college education. Most people are horrified of student loans because of the interest rates. Loans, both federal and private, help thousands of students every year finance their education, but that money needs to be repaid. Tuition makes it harder and harder for people to go to attend because they may not be able to afford it. Many parents like to help their children for at least the first semester of College. Most parents cannot be paid for their child’s whole education so it is hard to get them through the College. It would be good for Cookman to lower their costs because they could have more people attend and probably make the same amount of money by
Tuition helps to pay for all of the services and programs of a University. However, some universities put more money into one or two programs or colleges to make them stronger areas of study within the university. Not all colleges or departments throughout a university have the same quality of classes or facilities. For example, Iowa State University invests a great deal of their money in the engineering and agricultural programs and so increases the quality of those programs. This is how students choose which university is best for them. A student bases his decision on what college to attend by looking at what programs a particular universit...
As Hacker and Dreifus described in their essay, tuition rates are a major factor when it comes to choosing a good college. “For most Americans, educating their offspring will be the largest financial outlay, after their home mortgage, they’ll ever make.” (p. 179) according to Hacker and Dreifus education costs American families lots of money almost as much as home mortgage, and after all that money people aren’t certain if the investment is worth the price or not.
This makes students pushed harder to focus on any college that will be offered free. Thus, it wouldn’t take them longer than the average 4 years, due to them working full time as well as schooling. With fees out the way, parents don’t have to worry about not making enough savings for their child to be able to attend college. Students will be more focused on any subject in school as they strive for their degrees.
This a very weak reason to be considered because the Digest of Education Statistics mentions that, “For the 2013–14 academic year, annual current dollar prices for undergraduate tuition, fees, room, and board were estimated to be $15,640 at public institutions, $40,614 at private nonprofit institutions, and $23,135 at private for-profit institutions. 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. The price for undergraduate tuition, fees, room, and board at private for-profit institutions decreased 16 percent between 2003–04 and 2013–14, after adjustment for inflation” (Tuition costs of colleges and universities). The data provided indicates that college education is really affordable and becomes cheaper if a person is eligible for grants and scholarships provided by the colleges, States and the federal government at large. There are so many grants, the most common throughout all colleges being Pell Grant, which lower the cost of a college
There are many who believe the higher the tuition the better the education the student will receive. Nemko stated that even though some high school students are able to make it through college, he offered that the benefit for those students would not outweigh the “often six figure cost.” $100,000.00! What exactly are students are paying for? William Deresiewicz, who wrote “The Miseducation of America,” spoke of “institutional competition, expansion, and borrowing” as well as “administrative bloat, the rise of the “party track” and its concomitant amenities.” I believe this may be the bulk of what students are paying for in main stream universities. Colleges should promote what they have to offer based on what students are able to learn during the time spent at college, not based on which colleges have the most available amenities. Charging more for tuition can be beneficial to a college and its board members. However, it does not always seem beneficial to the students attending or family members paying the tuition fees. Nemko argues that “institutions tend to educate students in the cheapest way possible” and goes on to say that colleges offer big and small classes, but that the classes are being taught by teacher’s assistants and not professors. I believe that if a college is going to charge so much for students to attend, its classes should be taught by an actual professor. Deresiewicz emphasizes that “colleges and universities have a lot to answer for.” He states that “if they want to regain their support of the larger society, they need to prove that they are worthy of it.” One way to do this would be for colleges and universities to take all the funds they are putting elsewhere and invest it into the college professors. Professors should know that
HBCU’s have a line of history behind them. Each Institution provides examples of dedication and determination and they offer an education for “African-American” students and students of different backgrounds. HBCU’s prepare students for leadership and successful futures. Institutions today are facing major issues that could cause them to be non-existence but they work hard and push until they get what they need. This is a source of motivation to alumni’s and prospective students. The Colleges provide history, motivation, provision, and most importantly knowledge to every student that attends.
There are many families were not able for the chance of college because they could not afford it. An example of this, happened to the Morais family. Richard Morais’s daughter got accepted into John Hopkins University. The whole family was happy, but with the acceptance letter was the cost for all of the expenses. All of the expenses came out to be a total of $54,470 dollars. Financial aid only paid for $6000 which left the family to pay $48,470. This caused the family to take out student loans to allow the daughter to go to college. With her taking out the loans she will graduate being $200,000 in
The main reasons that tuition should be lowered are that students need an easier and a cheaper access to higher education, so that children who are born into poverty have a chance to make a better life for themselves, and so that the amount of student debt in America is decreased. Currently, students do not have a simple or inexpensive access to higher education due to the increasing cost of tuition and the decreasing amount of scholarships being awarded. Aside from tuition, state colleges fund academics mostly by state appropriations.
With tuition rising every year, students face the challenge paying the debt achieving a college degree comes with. “Student debt surpassed credit-card debt in June 2010 for the first time in history, rising to about $830 billion — or nearly 6 percent of the nation 's annual economic output”(Clemmitt, Marcia). Not everyone has a ton of money just laying around. Being that financial trouble is the biggest problem for students, they begin to question whether college is worth it or not. In recent years, students have taken out loans to help with expenses. Most students choose to attend a community and junior college to help minimize the debt. Even after graduating with a degree, students still face the struggle of finding a job in this economic time. For higher class families this may not be a problem to them. But for the middle class and low income families, they face tougher times being that they don 't have the financial help like higher class families do. For the middle class and low income families, it makes more sense attending a community and junior college rather than a four year university.
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.
Attending college has changed quite a lot throughout the years. When it first arose, it was only accessible to the wealthy, and it was unheard of for everyone else. Only a few decades ago a bachelor degree could almost guarantee a comfortable job, and it was another advantage to any resume. In our current times, many students struggle and are unable to go to college due to the rising price tag that is not showing any signs of slowing down. A college degree is what most employers look for now-a-days, making it more essential than ever before. Unfortunately, it is becoming increasingly difficult to attain one. College tuition and fees should be lowered because 1) student loan debt is crippling for college graduates, 2) lower tuition will increase the accessibility of education, and 3) regulated tuition would lead to a
Affordability is one of the biggest determining factor of whether students continue with their education and attend college or decide to finish their studies and go to work. A college application that allows students to even be considered for a spot in the institution requires students to pay an application fee. As a result, students who came from low-socioeconomic status families did not apply to many colleges as students who came from middle-socioeconomic status families or high-socioeconomic status families because they could not afford to pay for many applications (Denson, et al., 2014). Families must also consider the price of a college education for four years when they are deciding on a college. If the family cannot afford college tuition, room & board, meals, and transportation, then they are unable
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.
One of the first steps toward college reform is to begin adjusting our tuition rates accordingly. Many college institutions have steadily raised the cost of tuition resulting in many students to have difficulties paying for college across the United States. Tuition rates have been a huge barrier for college undergraduates: "Over the past three decades, tuition at four-year colleges has more than doubled, even after adjusting for inflation" (Fact Sheet). Tuition is steadily increasing, causing college to become more expensive than in previous decades. Instead of helping Americans who have a desire to attend an educational institution, the government is slowly making it harder to attend and pay for college. High Tuition is preventing college undergraduates from obtaining a degree, causing many to be in a financial crisis when taking into account student loans and paying for tuition. Having high inflation rates in the economy is only making it worse and more difficult to get a higher education. The government would undoubtedly want to see improvements in employment rates within the United States, yet when Americans are trying desperately to obtain a degree, they have to deal with the overwhelming, costly tuition rates that have caused many to slow graduation and make college students pile up more debt than necessary. Thus, students often worry about debt
Today’s college students are paying tens of thousands of dollars for a degree in hopes of making lots of money. However, the cost of that degree has become more expensive than ever. Students are graduating from college not only with a degree, but also with debt. In order to decrease the amount of student debt and give more opportunities to students, countries around the world are adopting a “tuition free” approach to college and university education. The benefits of tuition free higher education include no student debt, a decrease in national debt, more opportunities for low income students, and an increase in to the college education population. The harms of tuition free higher education; however, include an increase in taxes, a decrease