This money is called endowments. When a parent wants their child to graduate from a high le... ... middle of paper ... ... getting into higher education is a highly contested issue in the U.S. Some believe that the government is not doing enough to promote a balanced opportunity for all to attend regardless of income or race. Others believe the government is doing too much and wasting money to regulate it. Either way, there are two things that most Americans agree on: education is the way to success and it is also a very expensive journey.
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.
Private universities tend to be more expensive then public universities, due to the fact they are not partially funded by the state where they are located. As American families are becoming more aware of these high costs they are thinking twice about applying to the private universities. Norwich University, a private university in Vermont is among those high priced schools. Norwich just this year has a total cost of $50,000 a year (Norwich University). Norwich University’s high expense results in fewer students applying to Norwich, which lowers standards, fewer students being able to complete a degree and students are graduating with large amounts in loans.
The college, its tuition costing a lot of money, do not promise of higher income after students graduated. According to the College Board, the average cost of tuition and fees for the 2014–2015 school year was $31,231dollars at private colleges, $9,139 dollars for state residents at public colleges. (“College Board”) Also, the international students and the out-states students cost more expensive than these price. In addition, the government have been raised the college tuition, so many students struggle to complete their college education. A lot of students may drop out the school because many of them have substantial debt.
Introduction Economic factors that influence the college-making decision Today, due to state budget cuts, federal changes in student loans, unemployment, and reduced college endowments, economic issues weigh heavily on the minds of students. Cost, financial aid, and employment opportunities are the top factors in influencing students’ enrollment decisions for all types of colleges (Noel-Levitz 4). State universities have now become, in many cases, prohibitively expensive for many families. Financial aid at formerly generous private schools has dwindled and merit scholarships have gotten smaller or disappeared completely. In fact, 31% of students who did not enroll in their first-choice school said that their main reason was that they could not afford it (Vadala and Falkowski).
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. The reality is that the rise in college tuition is no longer affordable for the average American household. Parents cannot afford to pay for their children’s tuitions on their incomes and students are very often forced to enroll part time in order to have the time to get a job to pay for college. This very often causes a decrease in these students GPA and consequently increases the number of dropouts in the long run.
The cost for college is so high that it's becoming unbearable for middle and lower class families to afford. Colleges are locking people out because of the people economic status. Many important people are pushing to make college less money so that less fortunate kids can receive an education. An education that is in some cases, important to a young adults survival in this world. The federal government must do more to reign in tuition costs at the public colleges, that educate more than 70 percent of the nation’s students.
(College Board) With more Americans falling to the lower middle class, (Curtis) action needs to be taken to ensure that young Americans are not priced out of college because the price of tuition is so high. In addition, many of our top private universities are in danger of being accessible only to those from the most affluent families. With the total price tag of a bachelor's degree from a top-tier U.S. College or university hovering around $150,000, even some of the most highly sought-after high school graduates are turning down universities like Yale and Stanford in favor of more economical options -- com... ... middle of paper ... ...ebruary, 2010. 6 May, 2012. Woodruff, Mandi.
In addition to tuition, college students must also worry about room and board, on or off campus. In Boston, rental costs for a basement apartment can range from $600 to $1000 per month, and residence fees at most colleges work out to roughly $10,000 every year. In contrast, high school students don’t have living expenses because the majority of high school students live at home with their parents for free. College is also more expensive than high school when it comes to the cost of learning materials, such as textbooks and supplies. In college, students must buy textbooks for each course they take, and these books are not cheap, and they could cost anywhere from $200 to $500 new or $100 to $300 rented and used per a book.
College tuition is very expensive and many people are unable to attend due to the overall cost of tuition, books, room and board. The high price of a college education is unfair to the bright students who have limited resources. These students are at a disadvantage because of lack of funds. The United States should find a way to provide free tuition to all students who want an education. In our lives today, not everyone can financially afford to attend a four year university or college, but yet people still attend because they have academic goals.