Overcoming Tuition Spikes

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As tuition costs are constantly rising more college students will face the sticker shock of acquiring a secondary education. Still struggling with flat economies, huge budget deficits, and ballooning college enrollments, many states significantly raised the cost of attendance (Arnone). This leads to greater stress on family’s financial situations and less spending in the economy by the recent graduates due to their constant payments to the student loans that they acquired during the continuation of their education. With the prospect of family income being equal to the high college costs looming far beyond the horizon we have to ask why are tuition costs constantly rising, and what can be done to offset or slow its drastic ascent.
The biggest reason for the increase in tuition cost is due to the reduction of state funding. Between 1984 and 2003 state funding dropped from sixty-two percent to thirty-eight percent of total expenditures (Micceri). This meant that what universities had previously been receiving to cover their costs of teaching, the youth of the world, was drastically reduced. By receiving severely reduced funding the colleges have had to find a way to cover their overhead cost so they turned to the simplest and fastest form of greater revenue, increased tuition for the students. A college will always have students that will pay for their education and because of this when the governmental subsidies were cut the students had to cover the monetary reduction that was incurred. Between 2000-01 and 2010-11, prices for undergraduate tuition, room, and board at public institutions rose 42 percent which was faster than they had during either of the two preceding decades (U.S., Average). It is easily seen that colleges will co...

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