ICF International. Working for California: The Impact of the California State University System. San Francisco, California. May 2010.
The expansion of higher education has created a belief that a student will not be successful in life with graduating from top-notch colleges. However, acquiring the needed education does not erase the possibility of failure. In reality, approximately 4% of high school graduates are unemployed if they do not continue their education (Reaping 17). Though the unemployment rate is considerably low, having a college education does lower the probability of being unemployed. In order to maintain a career with a high paying salary against the mass competition, deciding which type of education to pursue is a key factor. One of the most basic decisions a high school student ponders before choosing their ideal college is whether that college will be public or private. Some students are led to believe that private colleges are superior due to their expensive prices and Ivy League reputations. On the other hand, many students choose to enter public universities, concluding that financial aid would not be enough to get out of debt after graduation. Tuition is a significant factor to take into account when picking a college, but it is not the most important aspect of a college. Public colleges have benefits apart from private colleges that are valued by certain professions and do just as well as graduates from private colleges. Private colleges, though they do not have certain benefits provided by public colleges, are still deserving of their sticker price due to factors associated with a students personal needs.
Speaking briefly about the history of San Jose State University, in 1857 San Jose State University was founded and formally known as Minn’s Evening Normal School, located in San Francisco instead of San Jose. Named after Principal George W. Minns, Minn’s Evening Normal School focused was on providing education for grade school teachers. By the late 1860’s, Principal William Thomas Lucky thought it was “the best interests of the school and the pupils attending will be promoted by locating where there is more quiet and fewer temptations” (Nellen, 2011). There were several cities that were eager to offer California State Normal School a location. They ultimately decided to settle in San Jose in December 1869. On October 20, 1870, the first building to be built was Washington Square, which was donated by the City of San Jose. The building was not finished until 1871. Unfortunately, it was destroyed in a fire in 1880 and it was deemed unsafe after the 1906 earthquake. Washington Square then was rebuilt and also given a new name, Tower Hall. A flash-forward to today, many things have change about San Jose State University. First, it is now known as San Jose State University, and not California State Normal School. Next, they now offer over 130 undergraduate and graduate degree programs. Back in 1870, the population of the city was approximately 9,000 people. Modern day San Jose’s population exceeds 900,000 people, with 28,000 students enrolled in San Jose State University.
Colleges across the United States are in a fierce competitive race to attract the brightest students as well as a superior faculty. Earning “higher” rankings attract more applicants and in turn provides more revenue for campus spending. Public as well as private universities are using marketing techniques as strategies to increase enrollment. Families wish to send their children to the “top” universities and are often lured by stellar professors, advanced research facilities, updated housing facilities, and superior sports facilities. Enrollment is on the rise in institutes of 1961, 18 percent of those who finished high school went on to college, by 1981, it was 53.9 percent, and by 2001, it was 61.7 percent” (Nathan 148). “With long lines of high quality applicants flocking to their doors, top institutions have chosen to maintain and increase quality largely by spending more, not by increasing efficiency, reducing costs, or reallocating funds.” (Sanchez). The burden of supplementing the university deficit has fallen onto the parents and students themselves. This comes at an undesirable time when families are not economically...
Public colleges and universities are facing many compelling challenges in the 21st century, among them, a greater demand for institutional accountability and affordability, as well as declining financial resources. Although tuition rates and fees are increasing, institutions are still experiencing financial difficulties and the public’s opinion of higher education is disparaging. Leaders within the institutions are charged with developing new and creative strategies to improve the management of both institutional expenditures and financial resources. This paper will explore some of the financial challenges facing institutions of higher education, with particular focus on cost containment initiatives as a practical option to address the budget impediments associated with rising cost of expenditures and shrinking pool of financial resources for higher education. Special attention is given to evidence supporting cost containment practices and two case studies on institutional leaders have taken control of their operating costs through successful implementation of cost containment initiatives.
Dickeson, Robert. “COLLISION COURSE: Rising college costs threaten America’s future and require shared solutions.” Lumina Foundation for Education. 2004. Web. 6 Dec. 2010.
One cause of increased tuition is the reduction of state and federal appropriations to state colleges, causing the institutions to shift the cost over to students in the form of higher tuition. State support for public colleges and universities has fallen by about 26% per full time student since the early 1990s. In 2011 American public universities took in more revenue from tuition than state funding. About 80% of American college students attend public institutions. In a financial bubble, assets like houses are sometimes purchased with a view to reselling at a higher price, and this...
Jealous, Benjamin Todd. "Lessons from an HBCU’s Demise." The Conversation. N.p., 9 Sept. 2013. Web. 14 Nov. 2013.
While it may seem ideal to go to a schools such as the universities in California, however, tuition costs could be in the 20 to 30 thousands, of course, there are scholarship and financial aid programs but they do not cover the entirety of admission. Every year college tuitions are rising in price, and as a result in 2017, it was averaged that students earn a total of $37,000 in debt after leaving (Fray). College is becoming even more expensive and students who leave high school more often don’t have an idea with what they want to do after high school, such, this has caused 51% of Americans to regret their choice of college or major (Gulla-Strada). High school students should be taught more about other choices such as lesser known colleges,
The mainstream media and critics continue to scrutinize college administrators who claim that the primary reasons for the rising costs at their campuses is primarily due to the increased number of faculty members required to accommodate the growing student population (Renehan 6). Furthermore, college administrators are claiming that to obtain the best college professors they have to compete with the attractive salary and benefit packages offered by their competition (Renehan 6). However, Doug Belkin, journalist for the Wall Street Journal, reported in an article titled, “How to Get College Tuition Under Control”, the arguments from three renowned Economists, Dr. Rudy Fichtenbaum, Katharine Lyall and Richard Vedder who stated that the salaries