The cost of college is on a constant up rise. Unfortunately, there's no perfect formula for figuring out how much money college will cost. The costs for things like tuition and books change every semester and depend on the college or university that you select(Texas Guaranteed Student Loan Corporation, 2014). The cost differs for students who decide to attend an out of state college versus in state, as well as the students who attend private colleges over universities and for those who commute instead of living on campus. The main question posed is if secondary education is worth the cost colleges ask? In the sense of self-satisfaction, job opportunities and overall growth secondary education is worth its asking price. Opening doors beyond our vast imaginations college leads to bigger and better things. Although college tuition will always be at a constant up rise all should strive for higher education but acquiring a secondary education.
Even though there's no exact answer to what it costs to go to college today, it is possible to make a good guess. Figure out what kind of school you want to attend and find out how much it costs to attend. From there, tack on an estimated percentage increase — five percent per year is a good guess(Texas Guaranteed Student Loan Corporation, 2014). According to Merkein(2013) the average sticker prices at the nation's four-year public universities rose 2.9% this year, the smallest annual increase in more than three decades, suggesting that the steeper increases over the past few years "did not signal a new era of accelerating prices," says a report out Wednesday(Merkein , 2013). “A college education is one of the best investments that students and families can make,” Coleman (Hechinger, 2013). Yet ...
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Merkein, M. B. (2013, October 23). Colleges see a slowdown in tuition price increases. Retrieved January 30, 2014, from http://www.usatoday.com/story/news/nation/2013/10/23/college-tuitions-rising-more-slowly/3151897/
Shumski, D. (2013, August 27). Obama's new higher ed proposal: 4 pros and 4 cons | Education Dive. Retrieved February 1, 2014, from http://www.educationdive.com/news/obamas-new-higher-ed-proposal-4-pros-and-4-cons/164904/
Texas Guaranteed Student Loan Corporation (2014). Learn About the Cost of College. Retrieved February 18, 2014, from http://www.aie.org/paying-for-college/cost-of-attendance/learn-about-the-cost-of-college.cfm
U.S. Department of Education (2011). Fast Facts. Retrieved February 9, 2014, from http://nces.ed.gov/fastfacts/display.asp?id=77
As McArdle points out, the cost for a college education has gone up over the years, leaving students in debt. I agree with this statement, because a college education was more affordable years ago and now it has doubled it’s cost. According to the article, McArdle states “The average price of all goods and services has risen about 50 percent. But the price of a college
Hauser, Andrea. "Regents Increase Tuition by 4.3 Percent." Iowa State Daily 22 Oct. 1999: 1.
When the General Court of the Massachusetts Bay Colony founded the first college in America, Harvard, in 1636, it marked the beginning of college as the backbone to the American Dream (“About Harvard” ). Around the world, America is coveted for the “American Dream” in which someone can go from deep poverty, to unbelievable wealth, all by getting an education which allows a person to obtain any job and reach any economic level. The article “Peter Thiel Thinks You should skip college, and He’ll Even Pay For Your Trouble; The famous disrupted says overpriced universities hold back innovation, and what's to rewrite education to his liking” by Tom Clynes argues people should not attend college because it is a hindrance to innovation, while the article
College is one of the most fundamental institutions in our modern world. It is a place where most of our future politicians, doctors, scientists, and leaders are made. Though, it seems that the price tag that comes with a college education is something that is too hefty for some students. Countless debates go on about whether the price of college should be abolished or whether the cost still is on the students to pay for.
Graduating from high school is a proud moment in every student’s life. They must prepare what comes next for them whether it’s to get a job, start a career, or pursue continuing education. The cost for a college education can be overwhelming. There are many factors that play into the cost of going to secondary education. College tuition, fees, books, supplies, transportation, personal expenses, room and board. These expenses can vary for public community colleges and four year universities, public or private universities, and state residents or out of state residents. Community college tuition can range from $1,000-$12,000 for state residents and $4,000-$30,000 for non-residents. Four year college tuition can range from $4,000-$16,000 for state residents and $10,000-$35,000 for non-residents. Private four year institutions can cost as much as $25,...
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.
To start with, the price of tuition in about 40 years has roughly tripled while average family income has only increased by about 11% leaving families to pay money that they do not have. (Shierholz). During the 1973-1974 school year at a public four-year school, the tuition was $2,710 but in the 2013-2014 school year, the price went up to $8,893. (Tuition). The modern college education has not changed enough for it to be acceptable for the cost to triple. Also, the total amount of college tuition in the U.S. in 2011 accounted for 3.3% of the total GDP. In 2011, the total price of college tuition, approximately $461 billion, was more than the total GDP of other countries like Sweden and Norway and Portugal. (Denhart). Whereas the cost of tuition in the U.S. only accounts for ...
Today, more jobs require more than a high school diploma. In order to get a good paying job, a college degree is required. More people are attending college in order to get better paying jobs, but is going to college worth a good job with rising tuitions across the nation? According to College Board, from 2002-2003 to 2012-2013, the average tuition and fees for a private institution rose about an average of 2.4% every year. As tuition prices increases every year, it affects millions of college students. It affects college students who have to use government aid to assist paying for college.
Pendleton, Ethan. “Advantages & Disadvantages of Rising College Tuition.”eHow/How to videos, articles & more. N.p.,n.d. Web. 2 Oct. 2013. http://www.businessweek.com.
Bernie Sanders said “The cost of college education today is so high that many young people are giving up their dream of going to college, while many others are graduating deeply in debt”. This statement is a great representation of the way many students feel entering college. Furthering your education is something that an individual must work for, however it should not leave a person in debt for life.
College education is a highly talked about subject among the presidents. For many years college education was not highly sought after or looked for, then when people who did go to college started getting better paying jobs than everyone else more and more people started to go to college. Since college is such a hot commodity these days the price of a college education is on a steady rise. Some experts have a very strong opinion as to why college education is on a rise and some believe that that it is not on the rise.
Carlson, Scott. “A President, Fighting For Every Nickel. (Cover Story).” Chronicle of Higher Education 56.30 2010: A1-A19. Academic Search Premier. Web. 11 May 2014.
After the recession in 2008, higher education funding reduced by 14.6 percent (Altinkilic & Hansen, 2000). A recent Bloomberg report shows that college fees have increased by more than 1100 percent over the last 30 years, even though everything has gone up, tuition fees have gone at a much higher percentage than other things. For instance, healthcare costs have gone up by half the tuition fee over the same period of time. Mark Foster, the Arkansas director of education, said that education has been more expensive in the recent years than ever (Winkler, 2005). Problems of increasing college fees Increasing college fees affects affordability and accessibility, which has resulted in many problems....
Tuition cost has increased 1,120 percent since 1978 up to 2012, while medical expenses went up by 601 percent and food price by 244 percent over the same period of time, according to Bloomberg. They also get to note that the college prices have increased four times faster than the increase in the consumer price index.
The social cost of education is high. The price of obtaining that education is high. Not having that education will cost an individual more; freedoms, privileges and securities. It is apparent that having a higher education is not only important, but necessary. Paying for that education is a larger issue, though. Even at the community college level, costs range from $4500 to $35000 per year depending on the major. That adds up for the new graduate, who will struggle to pay it back. In return, the government does offer ways to get past that.