Importance Of Higher Education In The 21st Century

Better Essays
Higher Education As A Business In The 21st Century Throughout the 20th and 21st century, post-secondary education has become very popular over the years. It has become challenging, and hard to keep up in academic terms. Many people are considering going to college, not just the ones graduating from High School but also those who want a career. A 2007 research showed that 64% of the college population was white, while minorities groups: such as African Americans, Hispanics, Asian/Pacific Islander, and Native Americans/Alaskan, consisted of 13.1%, 11.4%, 6.7%, and 1%, respectively (National Center for Educational Statistics). These statistics show that depending on what social class you belong to (lower class, middle class, or upper class)…show more content…
Education institutions need to raise funds. There are a lot of things that need to be done in order for an institute to operate. The money is collected through fees, donations, and any other means (Menon, 2011). Colleges should rely more on donations than tuition fees, the stare could help donate to colleges. “Yes, college is worth it, a four-year degree has probably never been more valuable” (Leonhardt, David). A college degree is valuable, but then why is there so much debt stuck with it. One can say it is a way of doing business but to get best education and facilities one has to provide the funds as well (Menon, 2011). In order for colleges to run they need to have their own funds, they should not be forced upon a student, or at least minimize the tuition fees. If more students are attending college, why not bring down the price for tuition if they are making more money. “The pay gap between college graduates and everyone else reached a record high last year”, according to the new data, which is based on an analysis of Labor Department statistics by the Economic Policy Institute in Washington” (Leonhardt, David). “Americans who attend a four year university and obtained a degree, made 98 percent more and hour than on average 2013 than people without a degree” (Leonhardt, David). That is great, people have really worked hard…show more content…
"The New York Times." Is College Worth It? Clearly, New Data Say. The New York Times, 27 May 2014. Web. 27 Jan. 2015.
Mosbergen, Dominique. "Cost Of College Degree In U.S. Has Increased 1,120 Percent In 30 Years, Report Says." The Huffington Post., 15 Aug. 2012. Web. 26 Jan. 2015.
O 'shaughnessy, Lynn. "How Many College Students Graduate?" CBSNews. CBS Interactive, 17 Dec. 2013. Web. 29 Jan. 2015.
Rivard, Ry. "Political Campaign-style Targeting Comes to Student Search @insidehighered." Political Campaign-style Targeting Comes to Student Search @insidehighered. Inside Higher Ed, 24 Oct. 2013. Web. 28 Jan. 2015.
Stoller, Eric. "The Business of Higher Education | Student Affairs and Technology @insidehighered." The Business of Higher Education | Student Affairs and Technology @insidehighered. Inside Higher ED, 5 June 2014. Web. 03 Nov. 2014.
"Tuition Costs of Colleges and Universities." National Center for Education Statistics. 2014. Web. 28 Jan. 2015.
Wittner, Lawrence. "When Education Is a Business." The Huffington Post., 23 June 2013. Web. 03 Nov. 2014.
"How Many College Students Graduate?" Ozarks First. 17 Dec. 2013. Web. 30 Jan. 2015.
Menon. "Why Has Education Become Business These Days?" Toluna. Toluna, 2011. Web. 01 Feb.
Get Access