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.
To begin to understand this issue, we have to first examine the history and the context from which it arose. The rise of tuition is mainly due in part because the colleges need more money to upgrade and stay on top of the technology era. There are also many other reasons why tuition is on the rise though. One writer states that, “As almost every state reels from the effects of recession and tax cuts, legislatures slash funding for higher education, the largest discretionary item in most state budgets.” (Reed Jr., p.25). Another writer states, “A need to improve facilities, state budgets that are declining and inflation are all contributing to the rising cost of higher education, and there appears to be no end in sight.” (Gallagher, The Augusta Chronicle). This same writer gives another reason, “Universities, private and public, have to raise tuition to cover the costs of new construction, renovations and technological advancements and to keep qualified professors.” (The Augusta Chronicle). All of these statements show that there are many reasons why college tuition is on the rise, but they don’t seem to make sense to me. There should be other ways that colleges are able to pay for these advances in technology and inflation besides just hiking up the tuition cost. The tuition cost is so high that they have plenty of money to pay for all of the technological advances that they want and still have money left over for others things that the school has to be able to pay for from the tuition from students.
First is the cost of tuition. The cost of tuition has increased. Going to college without taking out some type of student loan is nearly impossible nowadays, But it was very common 30-50 years ago. Why has tuition for college increased? “Inflation can't explain it; over the past 20 years, tuition increased twice as fast as the overall cost of living” (Larson 1997). The only consistent thing about the cost of college is that it’s sure to go up. So why has tuition increased so rapidly over such a short period of time? In order to find out why tuition ha...
One of the most important thing in our life is education, because it is needed for the rest of their lives. Education has become a mental stress for students who have to pay for tuition out of their pockets because tuition fees are increasing every year in a way that some people aren’t able to afford. Tuition is a fee for a class that a student has to pay in order to take the class. Education is very stressful matter and every student has to maintain really good grades because there is a lot of competition in every field. However, there are smart people who aren’t able to attend the best universities that they want to go to because university’s tuition is increasing and will continue to increase without staying steady. So what are the reasons behind increasing tuition, and what are the effects of it on students? What can the U.S. Department of Education do to try to solve this problem?
As an inquiring high-schooler, it can be extremely overwhelming when researching and finding out all that needs to be paid for. According to CNBC, schools are searching for topnotch staff and amenities that separate them from other campuses. This can not only create a reason to charge more for tuition, but also an allurement for their school to recruit incoming freshman. They also claim that the quickly ascending cost of Division I sports is also a huge play into the price of tuition. Since 1974, the average tuition and housing cost per-year has risen roughly $11,000 and continues to surmount at an average of 12% during this time (http://trends.collegeboard.org): on average, college students tend to pay around $19,000 a year to attend public 4-year schools. Now one may come to ask, what can be done to lower these prices? Along with; why is college tuition so expensive, and what do these high costs do? The high cost of tuition can be credited to regulations from the government, along with colleges competing to acquire the absolute best staff and students. Although not everyone may have access to lowering the cost of
Declining state support, educational race for top rankings, uneven financial aid, or economy downfall: there are reasons all across the board as to why the cost of college tuition is getting out of hand. Envision a senior girl whose heart had been set on her dream college for years. An elite, honorable college where everyone seems to want to go. She has been telling her parents from an early age she was going to one day be a member. While on a visit to the college in late fall of her senior year, she fell in love with the beautiful campus which seemed to spread for miles. The advisers and professors she met with were polite and unquestionably convincing. Her favorite part of the visit was seeing how happy all of the current students seemed to look with their college decision. Overall, she believed she had found her home for the next four years. She went home excited to tell her parents the good news. This is where the excitement soon ended. 35,000 dollars a year was the outrageous sticker price for her dream college. Her parents said there was no way possible they could ever afford to send her. Tears started flooding down her face; her dreams were crushed. Now what was she going to do? Where was she going to go? Although this story has been made up, similar situations like these are arising more and more often. College tuition has reached an all time high; with the economy in its current standings, there needs to be solutions so every young adult has an equal opportunity to go to college.
Its sad the amount of students not going to collage based on tuition in the United States. Anymore, 47% of junior high and high school student’s parents feel they can't afford college for their kids anymore with the cost of tuition and it still increasing. I feel college tuition is way too high in the United States for most families in today's economy. Over half of the students going into college show some concern with how to pay for college. The amount of college graduate debt is rapidly increasing. Also, the little amount of jobs available because of the high unemployment rate, are having a harder time paying off debt. Even though the students can get loans and financial aid. Although some claim that higher education is still worth it, with higher unemployment rates and tuition is still increasing it makes it harder and harder to pay off.
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This requires colleges and universities to raise tuition to students to cover the spread. The interesting fact is that, per Belkin, “Universities are not spending more money educating students than they have in the past.” With this two things are known so far; the first is that the government has reduced its funding per student and that the cost to educate each student has not risen. Dr. Fichtenbaum is referenced in the article, “How to get College Tuition Under Control” by Douglas Belkin in which he says, “Between 1987 and 2012, in real dollars, government support has declined from $8,497 to $5,906 per student.” To put the cost of tuition in perspective Roger Fillion, who wrote the article “Tackling Tuition,” also talks about how tuition has increased by 722% since 1983 while the next closest comparison is healthcare cost which have increased by 356% since 1983 (17-19). Douglas Belkin also points out the fact that states are covering less of colleges operating costs which must be paid for somehow. Therefore, the increase in tuition must be coming from other sources. In the same article, Dr. Fichtenbaum talks about what has caused college tuition to rise. The reason that many people state
From conducting this survey, I learned that many students,whether they attend a public or a private school are unsatisfied with the rising tuition prices. The findings support my hypothesis. The next step in this research would to ask more college students about their thoughts and opinions about rising tuition prices. I would ask more students from different types of college and students taking on different types of degree. An implication this research could have for other research is that rising tuition prices are hurting students financially.
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...
Over the last few decades, college tuitions and fees have increased by over one thousand percent, surpassing every category associated with the cost of living including food and medical. This unprecedented rise in cost has resulted in an avalanche of issues for young and middle-age adults. As, a result of steep student loan amounts, graduates are being forced to move back with their parents, fewer young people are becoming homeowners, they are delaying retirement saving, and are dropping out of college at an alarming rate of nearly fifty percent. With all the controversy surrounding the topic of increasing college cost, the revised income-driven repayment program has been created to help borrowers pay back student loans according to their income.
Higher education costs have been increasing at a rapid pace, faster than inflation for the economy as a whole, for the past fifty years. It started in the 1960’s when the federal government passed the Higher Education Act to increase the amount of people able to afford and attend college. Regardless of the Unites States Government efforts to increase the affordability of college, federal aid programs have not risen to expectations due to the ever-increasing college prices. To lower the price of college, the government needs to cut back on student financial spending to go only to the lowest income families and create tax incentives for families to start saving up on their own.
Public college tuition fees need to increase and not have a ceiling set on them because over time instructional costs increase due to rising wages, salaries and inflation. If there were a ceiling government taxes would increase, and last many amenities would have to be subtracted.