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Rising cost of higher education
Rising cost of higher education
Rising cost of higher education
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College tuition went up 440% in the past 25 years! College tuition is at an all-time high. Not many people will go to college. People won’t go to college because they know they won’t be able to pay for college. Finding a job is hard while in college. Jobs today already want us to have at least two years of college experience. If most people decided to not go to college we would have a shortage of accountants, doctors, and many other positions that require a lot of knowledge and skill. College is expensive because of inflation, government funding, and not enough opportunities for scholarships. More than half of high college students are not able to get jobs while in college. The reason being is that jobs ask for college education. College education …show more content…
One of the reasons is scholarships and colleges spending on things they don’t need. Colleges decide to spend on things they feel they need but really don’t. Sowell an author of books (Choosing a College) stated: Whatever colleges and universities choose to spend their money on is called a cost. If they hire more administrators, or build more buildings to house them, or send the college president on more junkets, these are all additional costs. If they hire more secretaries for the administrators, these are all costs. Doing more research, raising salaries, inviting more high-priced speakers to campus and many other things also increase costs. What colleges and universities seek to insinuate--misleadingly-by saying that costs have gone up is that the cost of what they have always done is rising, necessitating an increase in tuition.” Colleges will decide to buy a statue for their campus. When they buy that statue the cost of it goes straight into the tuition of the students. This buying of unnecessary things cost the students a lot, and makes it even more impossible for them to go to college. Colleges do offer scholarships for students to help lower the cost of college, but there are not enough scholarships out there for everybody. Colleges will only put out scholarships for good learning. Not every student learns well in school, but they can be very good in what they want to do in college. Colleges could be giving more scholarships so that every student can qualify for
There is a thin line of people who should and should not attend college. That is a huge decision that could either be the best decision they have ever made or it could be a costly mistake causing thousands of dollars of debt to pile up. There are reasons such as costly tuitions, unnecessary fees, no guarantee of a career, piling of debt, and questionable educational quality, that lead me to believe that college is not worth the money people pay for it.
Although most will be pushed to go to college some will choose to go out into the workforce immediately and that cannot be looked down upon because that is their decision and that is what they want to do, but with that in mind they must always consider college because in a lifetime it will more than likely be the wiser decision. One who takes the risk and tries to go to college might find out they want to be a biology teacher and not an astrophysicist and that is all due to college and all the experiences that it can bring along that have absolutely nothing to do with education but of broadening horizons and making one see different points of view. That is where the true value of college lies, not with the education and degree, but with the experiences, meeting new people, learning new ideals and cultures, and the ultimate tool you gain is just finding out who you are as a person. During college you learn what you like and don’t like, what makes you happy and doesn’t, you find yourself during college and that cannot simply be overlooked because of a price tag. That is why I believe everyone should consider college and overlook the price tag all to find themselves and further them along as a human being and a
College is an experience of a lifetime . It's very expensive so for most they do not get the opportunity .They do not get the opportunity to get a higher education . Without a higher education most people can not receive a good well paying job . Now most of the United States attends or have graduated college . Which makes it hard for everyone to have a well paying job .
College tuitions is rising substantially. Today we will learn what cause college tuition to rise, then examine why people drop out of college, and lastly look at how people are struggling
As people attend college, fees build up and students loan money and possibly be in debt. Not only that, some may say college isn’t worth it, but it is. Getting a degree pays off at the end, going towards your career path, making twice as much as you would work at a regular job. Students who have received a degree are slowly declining. To make adjustments, college should be free for everyone.
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.
Vedder and Lankford both offer good reasons and evidence to answer the question of why college costs are increasing, but I think that Vedder made the better case. Because Vedder is an economics professor, I think he can better offer opinions on money matters and the specifics of money problems. Vedder went more into detail on the issue of college costs. There is no question that college costs have significantly risen in recent years and it is becoming a problem. Students are using financial aid but it could be turning out to be actually contributing to the problem. If a solution is not devised soon, then colleges will begin to see a dramatic change in their enrollment numbers because students will no longer be able to afford to go to college.
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.
He opens with the two main reasons the price of college increases. Firstly, colleges spend more money then necessary by over-paying faculty, building elaborate sports arenas, and more scientific research projects. The second reason is that college increase their tuition, because of spending habits. An example of spending being shown, when the government is pulling out of funding that the public universities are depending on, the public universities then end up charging the students.
To start with, the price of tuition in about 40 years has roughly tripled while average family income has only increased by about 11% leaving families to pay money that they do not have. (Shierholz). During the 1973-1974 school year at a public four-year school, the tuition was $2,710 but in the 2013-2014 school year, the price went up to $8,893. (Tuition). The modern college education has not changed enough for it to be acceptable for the cost to triple. Also, the total amount of college tuition in the U.S. in 2011 accounted for 3.3% of the total GDP. In 2011, the total price of college tuition, approximately $461 billion, was more than the total GDP of other countries like Sweden and Norway and Portugal. (Denhart). Whereas the cost of tuition in the U.S. only accounts for ...
There are so many students who would extremely grateful to attend any four year institution but can’t because of the lack of funds. College life can be very stressful, and the process can is very frustrating to most students the first two years. When the cost of college tuition is compared to the 21 century financial economy the cost does not make sense, because for a middle-class family it is impossible to afford sending their child to any four-year institution. It hard for students to graduate with the stress to pay-off hundreds and thousands of dollars in loans. Going to college is stressful enough without the need to worry about how we’re going to pay for it and what other costs will continue to rise with getting a degree afterwards. With the current increase of unemployment rate and the thought of going to college seems like a farfetched goal. Many people choice not to attend a four year institution, because they did receive a scholarship or enough government funding. Having a college background is very important for professional growth, it will eventually limit career opportunities. My stand point is, you may not leave college doing the same thing you began with but the life experience is endless. College experience not only gives knowledge that builds you into a better person by giving a broader erosion. With the cost of tuition increasing will hurt our generation, by causing physical and mental stress but in the end it will all pay off. Not all colleges are for the blame; some of the blame is our economy and other factors play a big roll. As students we need to be aware of all our resources offered, such as Pell Grants, and government scholarships. For example, the some states will pay for a student’s college if they graduate high school with a GPA of 3.5 or higher. There are many states that are willing to pay for all or some of college tuition only if students are willing to use
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.
...s comes with college being too expensive and is growing at a rate higher than inflation (Kantrowitz). There are many great jobs out there that don’t require a degree and pay good as well as on the job training. The truths many people aren’t willing to admit are getting a college degree will lead people to better careers too. People don’t need a college degree to be successful, but having an education is important, along with a desire to continue to learn, work hard, and adapt.
Why don’t all colleges make free tuition option for low income students? Some colleges are expensive, but they have a free tuition option. Some people say that if colleges are free, colleges will end up bankrupt. Others say that is not true because they earn money from different directions, such as from the state government, federal government, nonprofit organizations and other governmental and non-governmental institutions. A well-educated people can change the world. So everyone has to be accountable, especially organizations or governors of higher education institutions. They have to be responsible for providing equivalent education for all students who are able to pay or not. Danielle Douglas-Gabriel, in “What these colleges are doing on tuition is better than Stanford” says, “Stanford University has received a lot of attention for offering free tuition to students whose families make less than $125,000- throwing in free room and board for those earning less than $65,000” Stanford University is a good example that announced free tuition for students who cannot afford to pay for their education (Douglas-Gabriel). Stanford’s offer is a big opportunity, for the students to place themselves on a good future path. These kinds of offers would be a great assistance for the students who are not able to pay college tuition. However, these few colleges are not enough to fulfill the number of students who need free tuition. As we know, more students need more colleges with free tuition. Stanford University is a good model to inspire other colleges. Therefore, more colleges should create a free tuition option for students who are not able to pay for their tuition.
Tuition cost has increased 1,120 percent since 1978 up to 2012, while medical expenses went up by 601 percent and food price by 244 percent over the same period of time, according to Bloomberg. They also get to note that the college prices have increased four times faster than the increase in the consumer price index.