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.
When considering the overall profits of a working adult after graduation, tuition needs to be considered. Public colleges are known to be cheaper than that of a private college, but private colleges offer financial aid for low-income st...
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Glater, Jonathan D. "Weighing the Costs in Public vs. Private Colleges." The New York Times. The New York Times, 12 Dec. 2006. Web. 18 Feb. 2014.
Luckerson, Victor. "The Myth of the Four Year College Degree." Times. Times Magazine, 10 Jan. 2013. Web. 17 Feb. 2014.
Money 101. "Picking a College: In State vs. Out of State." Fox Business. Fox Business, 6 May 2011. Web. 19 Feb. 2014.
Naillon, Buffy. "The Advantages & Disadvantages of Studying at a Private University." Everyday Life. Global Post. Web. 18 Feb. 2014.
Reaping the Benefits: Defining the Public and Private Value of Going to College: The New Millennium Project on Higher Education Costs, Pricing, and Productivity. Washington, D.C.: Institute, 1998. Print.
Steinberg, Jacques. "Is Going to an Elite College Worth It?" The New York Times. The New York Times, 18 Dec. 2010. Web. 18 Feb. 2014.
Education comes at a high price for this generation and not just financially. Going to college can give students plenty of debt with no promise of a job in return, which can set a student father back on their course of life. Young adults trying to start their lives by going to college encounter many setbacks. Today the average cost for a private university is $25...
Katherine Porters essay “The Value of a College Degree” first appeared in 2002. At the present time of the essay was published most of Porters references where a time period of 1992-2002 spanning over ten years of resources although, one reference that was cited was from the year of 1961. Her resources indicated the statics that were taken from several US Government departments, colleges, and authors who are knowledgeable about finances. These sources help produce the economic issues with higher education and compared benefits of having a degree, along with the social aspects of attending college.
Community colleges and vocational tracks are not wrong about the high cost of traditional higher education. According to the U.S. Department of Education’s National Center for Education Statistics, one year at a public, four-year institution costs upwards of $23,000 on average, while private institutions will cost nearly $10,000 more on average. Coupled with the fact that prices at public institutions rose 42 percent and private institutions rose 31 percent between 2001 and 2011, it’s not a shock that parents and students alike worry about paying for college. However, this won’t always be the case, as this rise in prices simply cannot continue the way it has. Eventually, people will be unable to pay the price that colleges charge. They will either settle for com...
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.
Jaschik, Scott. "Study Documents Impact of 'quality of Life ' Rankings of Colleges." Inside Higher Ed. Inside Higher Ed, 16 Jan. 2014. Web. 12 Oct. 2016. .
Cohen, Steve. "A Quick Way to Cut College Costs." The New York Times. The New York Times, 20 Mar. 2014. Web. 21 Apr. 2014.
24 Jan. 2010 http://www.northjersey.com/news/education/education_ne ws/82541 067_What_s_a_degree_really_worth_html> Zernike, Kate. “Making College ‘Relevant’.” The New York Times. 29 Dec. 2009.
Pharinet. ""Is College for Everyone'"." Practical Argument: A Text and Anthology. Ed. Laurie G. Kirszner and Stephen R. Mandell. Boston: Bedford/St. Martin's, 2011. 635-636. Print.
Although a college education grows more and more expensive every year. People begin to question whether college is a good idea to invest in or not. “As college costs continue to rise, students and their families are looking more carefully at what they are getting for their money. Increasingly, they are finding that the college experience falls short of their expectations”(Cooper. H Mary). Many people believe that the cost of a college degree has outstripped the value of a degree.Studies show that a college degree will increase your earning power. A lot of people say that a college degree now is worth what a high school diploma was wor...
Johnstone, Bruce. "Investing more equitably and efficiently in higher education, creating value for America." National Dialogue on Student Financial Aid (2003): 6-10. Print.
Sawhill, Isabel V., and Stephanie Owen. "Why We Still Think College Isn't for Everyone." http://www.brookings.edu/blogs/up-front/posts/2013/05/13-college-for-everyone-criticism-response-owen-sawhill. Web blog post. Brookings. The Brooking Institution, 13 May 2013. Web. 02 Dec. 2013.
As tuition costs continue to rise to levels higher than ever before,many are asking, is a college education worth the financial investment. What exactly is the value of a college education ' The answers to these questions lie in the economic, societal, and personal benefits that a college education enables. The financial burden of debts and lost potential wages carried by many who choose to pursue post-secondary studies is certainly present. However, evidence indicates that the long-term benefits of completing college far outweigh the costs, and these benefits extend past the individual to their families and society at large. Whatever the benefits may be, a college degree is a necessity for today’s generation
Eric Kelderman states, “less than a third of colleges’ budget is based from state taxes”. The school’s budget is how colleges are able to provide academic support programs, an affordable intuition, and hire more counselors. Colleges must now depend on state taxes more than ever for public colleges. Without collecting more funds from state taxes, as author, Scott Carlson explains how Mr. Poshard explains to senators “our public universities are moving quickly toward becoming private universities…affordable only to those who have the economic wherewithal to them” (qtd. in.)
Governments have shrunk their support for higher education. This decreasing support of higher education by the state governments is the leading factor that drives the rise in education fees at public colleges and universities. Another very important factor is the rising costs, faculty and administrators demand huge payment that are in turn offset by the students in so doing the college fees increases. Between 2000 and 2010 funds per student at government universities in America reduced by 21 percent. After the recession in 2008 higher education funding reduced by 14.6 percent before (Altinkilic & Hansen, 2000). Recent Bloomberg report shows that college fees have increased by more than 1100 percent over the last 30years, even though everything has gone up, tuition fees has gone at much higher percentage than other things. For instance healthcare costs have gone up by half the tuition fee over the same period of time. Mark Foster the Arkansas director of education said that education is more expensive in the recent years more than ever (Winkler, 2005).
[3] Custard, Edward T. The Princeton Review Student Advantage Guide to the Best 301 Colleges. Random House, Inc. New York, 1996