Rising Tuition Prices

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Rising Tuition Prices The skyrocketing price of college tuition is causing a tremendous concern over whether higher education will be a viable financial concept to the average citizen over the next decades. Some families have opted to explore different means of obtaining a higher education for their children as these costs escalate. There is overwhelming evidence that colleges need to restructure the way they are run because tuition prices are increasing at a rapid rate causing changes in the way students fund their education and in the way the government provides educational subsidies. Rep. Dick Zimmer predicts that at the current rate of rising college costs, by the year 2000 the average price tag for attending a four-year public university will be over $50,000 and the average four-year cost at a private university will exceed $104,000. (College costs continue to climb, 14) During the years between 1970 and 1994, the consumer price index increased just under four times, but the average cost of tuition, room, and board at four-year public colleges went up nearly five times, and private college costs rose almost seven times, from just under $3,000 to over $20,000. According to the U.S. News Cost of College Index, the average middle-class worker must now labor 95 days to pay for a year at an average private college. Two decades ago, it took slightly more than half as long to pay for the same education. (Elfin, 90) By 1994, the average four-year cost at a private college was over three times the typical family's annual income. (Reiland, 59) However, The College Board recently announced that US college tuition and fees for 1996-97 increased at nearly the same rate as they had in the previous year, adding that the more than $50... ... middle of paper ... ...://www.uwire.com/uwire/97/10/news10209702.chtml Larson, Erik.; Why colleges cost too much; Time, v149 (Mar. 17 '97), 1997, pp. 46-50 Lemann, Nicholas; How can we cut the costs of a college degree? Higher ed, not Club Med; US News & World Report, v121 (Dec. 30 '96-Jan. 6 '97), 1996, pp. 44-50 Reiland, Ralph R.; Runaway college tuition; The American Enterprise, v7 (Sept./Oct. '96), 1996, pp. 59-60 Sharp, John; 65,000 Texans Have Now Locked In Their College Tuition Costs As Lawmakers Strengthen Texas Tomorrow Fund; http://www.cpa.texas.gov/comptrol/oped/ttf70516.html Unknown; College costs continue climb; USA Today, v125 (Dec. '96), 1996, pp. 14 Unknown; Money and classes; The Progressive, v61 (Oct. '97), 1997, pp. 10 Wolf, Joshua; Two plus two equals lower tuition costs; US News & World Report, Sep 8, 1997 v123 n9 p84(1). Words = 2,168
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