Tuition has also risen three times faster than consumer price index and two times faster than medical care (Belkin). Due to the combination of inflated college prices and poor economics, the average graduating student was left with $24,000 in student debt in 2011. A survey by the Institute for Financial Literacy stated that 13.6% of people with bachelor degrees filed for bankruptcy in 2010. The students dealing with debt also had to worry about the 18% youth unemployment rate. In order to have a job to make money, college graduates are forced to work in jobs that do not take a college degree.
They are in debt because of the rising price of college tuition and the student loans they took out to be able to afford attending in the first place. Rising tuition and student debt are gigantic problems, and they are ruining the American dream for millions of students across the world. Student Loan Debt is a massive problem in this country, and it is something that needs to be figured out. Nearly 40% of Graduates under the age of 25 have student debt. That number has climbed 26% since 2004.
Its sad the amount of students not going to collage based on tuition in the United States. Anymore, 47% of junior high and high school student’s parents feel they can't afford college for their kids anymore with the cost of tuition and it still increasing. I feel college tuition is way too high in the United States for most families in today's economy. Over half of the students going into college show some concern with how to pay for college. The amount of college graduate debt is rapidly increasing.
According to the Oxford Dictionaries a college is “a school offering a general liberal arts curriculum leading only to a bachelor’s degree”. It shows how tuition cost is increasing every year and its making students to take loans. That climb in educational cost is primarily due to a limited extent in most colleges need and they also require more cash to stay on the top in today’s world. Most of the times it’s really hard for the students to attend a school that has high tuition and other expenses. For example, The University of New Hampshire is one of only 22 universities that cost more than $20,000 for tuition in America.
College tuition has a bad name to it, and for a good reason. More students and paying parents are feeling defeated attempting to pay off loans that typically hang over a students head for a good amount of years after finishing their education and getting their degrees. While the government has attempted to try chip away at the $1.2 trillion debt that has accumulated for college students around the United States, they are no where near having a permanent solution that lets graduates get on with their life without struggling. There are a spectrum of problems that create this debt, and only a few solutions that match up with these problems. Tuition in colleges go up typically every year, both in four year and two year schools.
(Kantrowitz, 2015) As high as college tuition is in the U.S. many people don’t attend college, if they do, by the time they finished they are crippled in tuition fees. While in Germany, tuition cost are a fraction of what we pay in the U.S. As expensive as tuition is in the United States is, It would be more feasible and exponentially more affordable to study abroad. In many ways, a college degree has replaced the high
The cost of tuition for higher education is quickly rising. Over half of college freshmen show some concern with how to pay for college. This is the highest this number has been since 1971 (Marill and O’Leary 64-66, 93). The amount of college graduate debt has been rapidly increasing also. With limited jobs available because of the high unemployment rate, college graduates find themselves staying in debt even longer.
In the meantime, colleges in the U.S have only become more expensive each year, and it’s greatly affecting graduating high school students since each student has to find a way to pay for his or her college tuition. The college graduates are then affected because they have to pay for the outrageous debt
Since the 1973-74 school year to the 2008-2009 school year, the price of attending a four-year public or private school has roughly tripled after adjusting for inflation according to College Board. (Update). The current price of college tuition leaves students with many problems in order to receive a college degree which most careers today require. Attending college is part of the “American Dream” and the freedoms that this great country offers but when students can not afford the freedoms we offer, then it becomes a problem. Most college students are left with substantial amounts of debt restricting them from further advancing in their careers after they graduate and the average family can not keep up with the rising costs of education and have to resort to finding other ways to get the desperately needed money.
According to Abel and Deitz, “In recent years, students have been paying more to attend college and earning less upon graduation—trends that have led many observers to question whether a college education remains a good investment” (2014, p. 1). If the student cannot find a job that pays a decent amount of money, after graduation why should the government ‘fund it?. College costs are rising each year. Future generations may not be able to go to college because tuition will be too high. But Abel and Deitz explain the reasoning behind it, “The return has remained high in spite of rising tuition and falling earnings because the wages of those without a college degree have also been falling, keeping the college wage premium near an all-time high while reducing the opportunity cost of going to school” (2014, p. 1).