Being able to attend and graduate college is a dream and the next step in life for many students. However, going to college and finishing school are two completely different things. There has been a decrease in students who completed college. Researchers are wondering, what is causing students to not finish schooling? There are many reasons and questions to why it could be affecting the completion of college rates. One of the main issue is the skyrocketing cost of college tuitions. Majority of students are having stress and anxiety for not being able to afford college. This result in having to take out a student loan and having to pay thousands of dollars after they graduate. The last thing students want for their future is having to work to pay off their college debts. Like I mentioned earlier, college is the next step in life, meaning it helps to open more opportunities in having a successful and happier future. However, this is not the case, Universities and Community colleges need more money to provide students and faculties with newer and higher resources such as healthcare, constant technology updates and software, and disability services. The following three articles attempts to explain the reasons of increasing tuition, how it is affecting students, and what is currently being done to solve this issue. Rising Tuition Affecting College Rates In an article called The three reasons tuition is rising by Matthews (2013), he addresses two main issues to why tuition cost keeps rising. One reason is that colleges are spending more money. Matthew mentions that what is happening is that even though tuition prices are increasing, it is not keeping up with the new spendings. Colleges have to be able to pay faculties, build more and co... ... middle of paper ... ...hard work, it will pay off towards having a better future. Works Cited Alpert, Bruce. (2013, August). President Obama: Escalating college tuition increases ‘not sustainable’. Retrieved from http://www.nola.com/politics/index.ssf/2013/08/president_obama_ escalating_col.html Dandar, Alan. (2012). Tuition and student fees report. Retrieved from http://services.aamc.org/ tsfreports/report_median.cfm?year_of_study=2013 Fastweb. (2013). FAFSA and independent student. Retrieved from http://www.fastweb.com/financial-aid/articles/699-fafsa-and-the-independent-student Hughes, R. (2013). The Bottom line of academic priorities. Phi Kappa Phi Forum, 93(2), 23. Matthews, Dylan. (2013, August). The three reasons tuition is rising. Retrieved from http://www.washingtonpost.com/blogs/wonkblog/wp/2013/08/28/the-tuition-is-too-damn-high-part-iii-the-three-reasons-tuition-is-rising/
Anyone can see that over the past number of years, college tuition and overall costs to attend a university have skyrocketed and is at an all-time high. Although, most people are not too sure why this has happened. According to authors Robert B. Archibald and David H. Feldman in the article, “Explaining Increases in Higher Education Costs,” there are two opposing arguments as to why this has occurred over the years. These include the Cost Disease argument, which was William Baumol and William Bowen’s view of the rising cost of education and the other was the Revenue Theory of Costs, which was Howard Bowen’s view of the topic. There are multiple goals throughout this article. A couple of the goals include explaining the two competing arguments
Vedder explains that universities in general believe that they can raise the price of tuition because due to the increasing amount of government aid to education, most notably student loans, the families haven’t been too concerned with the rising cost of education. He claims that there is a vicious circle in regards to university financing. In the first year, the tuition would be increased and to deal with the political pressure that comes with it, Congress makes student loans more accessible and affordable. As a result of this, the demand for education becomes greater and as such, the colleges are then able to raise prices again which would result in more political pressure and thus, more affordable loans. In order to deal with this growing problem, Vedder believes that the best way to do that would be to simply stop allowing these third parties to give more money when the tuition increases. By doing this, it would make the student more aware of the price of tuition, thus not as likely to enroll at a university with a relatively high cost of tuition.
There was a time in America where college was based solely on merit, higher education and pursuing the American Dream to obtain a career and gain social status to be successful in society. According to the Economist newspaper, rising fees and increase of student debt, shared with dwindling financial and educational returns, are undermining at least the perception that university is a good investment. Now due to high cost of an average good university, students are leaving college owing back over $100,000 and are not getting the job of their original dreams.
The price of a four year institution has soared over three hundred percent in the past twenty-five years or so. We would have to factor in general inflation numbers in order to figure out the real significance. After that, we see that in those twenty-five years, tuition has risen at a rate of two to four times that of the national inflation. That has not been the case with college, however, as enrollments only continue to go up. Ultimately this means that families are paying for a luxury they can no longer afford with money they don’t have. Families are looking at an expense that is thirty-eight
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.
Having the college experience is everyone’s dream, especially High School students who are ready to get out into the world and explore. College is very important for furthering someone’s career, but no one thinks about all the costs and the stress that comes along with college. Tuition fees and costs are increasing more and more each year. Now days it feels like you have to be a millionaire just to attend a good college and get a good degree in what you were attending for. There are some students that do not have a lot of money and live on very little things with their parents, but indeed are very smart and have a 4.0 GPA. Those students are the ones that are unable to attend college if they cannot afford it. College tuition is too expensive,
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.
Vedder and Lankford both offer good reasons and evidence to answer the question of why college costs are increasing, but I think that Vedder made the better case. Because Vedder is an economics professor, I think he can better offer opinions on money matters and the specifics of money problems. Vedder went more into detail on the issue of college costs. There is no question that college costs have significantly risen in recent years and it is becoming a problem. Students are using financial aid but it could be turning out to be actually contributing to the problem. If a solution is not devised soon, then colleges will begin to see a dramatic change in their enrollment numbers because students will no longer be able to afford to go to college.
With tuition rising every year, students face the challenge paying the debt achieving a college degree comes with. “Student debt surpassed credit-card debt in June 2010 for the first time in history, rising to about $830 billion — or nearly 6 percent of the nation 's annual economic output”(Clemmitt, Marcia). Not everyone has a ton of money just laying around. Being that financial trouble is the biggest problem for students, they begin to question whether college is worth it or not. In recent years, students have taken out loans to help with expenses. Most students choose to attend a community and junior college to help minimize the debt. Even after graduating with a degree, students still face the struggle of finding a job in this economic time. For higher class families this may not be a problem to them. But for the middle class and low income families, they face tougher times being that they don 't have the financial help like higher class families do. For the middle class and low income families, it makes more sense attending a community and junior college rather than a four year university.
Students have every right to be angry about the state of college tuition. In the past 20 years, "tuition increased twice as fast as the overall cost of livin...
How does the rising cost of college tuition affect us? Every year thousands of students attend a college or university, usually of their choice, with the goal of achieving a higher education and to better their future. The cost of attending college is too high and it needs to go down; there needs to be more scholarship and grant opportunities. The high cost of attending college is a major reason that students aren’t able to achieve higher education; others take this as a challenge and it is motivation for them to work harder to achieve their goal. One might ask why would someone want to spend money to receive more education and miss out on more years of work that they could’ve performed? For many, it is so they can receive more salary for the jobs that they will have later in life, also so that they can get training for their wanted career. The cost of attending college is high and continues to rise without indications of decreasing. The rising cost has many benefits such as earning more pay, but it also has its disadvantages such as the debt that is accumulated from student loans. Not everyone can afford to drop down thousands of dollars and attend school for a few more years. Students who wish to receive a post-secondary education must decide whether it is the right choice for them depending on their financial standpoint, meaning that they must decide if they have the resources to further their education.
Bruni begins by describing the golden promise of college as it appeared for baby boomers. In that time getting into college and completing a degree was enough to be successful. He acknowledges that this idealized vision of college may be inaccurate, however, he asserts that the issue is far more “complicated” than it once was. Bruni makes use of a recent (2012) debate over student loan interest rates in the U.S. to explore the issues surrounding college education today. While rising student debt is certainly part of the problem he suggests that the issue extends beyond that. College is now a “luxury item with newly uncertain returns” (Bruni). While rising costs make college a luxury item that not everyone will be able to afford, even those who can and do manage to go to college are not guaranteed success.
One cause of increased tuition is the reduction of state and federal appropriations to state colleges, causing the institutions to shift the cost over to students in the form of higher tuition. State support for public colleges and universities has fallen by about 26% per full time student since the early 1990s. In 2011 American public universities took in more revenue from tuition than state funding. About 80% of American college students attend public institutions. In a financial bubble, assets like houses are sometimes purchased with a view to reselling at a higher price, and this...
A college education has become the expectation for most youth in the United States. Children need a college education to succeed in the global economy. Unfortunately for the majority of Americans the price of an education has become the equivalent to a small house. The steep tuition of a college education has made it an intimidating financial hurdle for middle class families. In 1986-1987 school year the average tuition at a private university was $20,566 (adjusted to 2011 dollars) while in 2011 the average cost was $28,500 for an increase of 38.6%. Similarly in public universities there has been an increase in tuition: in the 1986-1987 school year the average tuition at a public university was $8,454 (adjusted to 2011 dollars) while in 2011 the average cost was actually $20,770 for an increase of 145.7%. Most families who are able to save for college try to do so, therefore their children are not left with large amounts of debt due to loans. Nevertheless, families are only able to save on average around $10,000, which is not enough to pay for a full educ...
The average income for someone with a college degree is $ 97,563. Higher education mostly leads to more understanding of what what is going on in the world. The cost of college has been rising dramatically in recent years by climbing 27 percent. The government not paying for higher education is just for them to save money. It is important for people to be educated both to to learn a job and to better themselves. Higher education is a special interest group that has hooked on government. The government should pay for higher education for people. With the government paying for college it will help some people out. The poverty in the world could decreased because some people would’ve went to college. By going to college it helps people get careers that lead to money for house. Government should pay for higher education. More and more students have been taking on debt to help finance their education. There is no link between education and economic growth. When gaining power between college graduates and non-graduates doesn’t matter. Every career shouldn’t require a college degree because it leads to more dropouts. If all 18-24 year olds were in college, we would reduce the unemployment by 2 million people. Louisiana has TOPS which pays for students to go to college. The requirements are you need at least a 20 on the ACT and a 2.5 GPA in your senior year. After that you get a free ride in college. Recently, Gov. John Bel Edwards remove TOPS for a small amount of time. They recently said that TOPS will not be fully funded by next year. Higher education helps more people gets better jobs and higher positions in life. If the government pays for people to go to school after high school more jobs can be developed make the the government mo...