Higher education debate is a controversial and hot topic for politicians in the United States due to the price associated with higher education in the country. State lawmakers regularly worry about the rising cost of attaining a college degree, and lowering the debt burden to the student. Consequently these issues have been turned into a talking point during the presidential campaign trail. The pressure on the amount of tuition paid has not only been seen from the government but also from the families, which have shown reluctance in paying the high tuition fees. Public universities 'which have attempted to increase the fee' have come under heavy scrutiny despite the reluctance of the state to invest in higher education (Holmwood, 2011).
An article written in 2015, by the Center on Budget and Policy Priorities explains that “States cut funding deeply after the recession hit. The average state is spending $1,805, or 20 percent, less per student than it did in the 2007-08 school year” (Mitchell and Leachman). With approximately 20 percent less per student given to educational institutes over the course of time, this will amount to a great deal of money lost and schools will need to adjust accordingly. Unfortunately, one of the ways that educational institutes are working to correct this is by increasing college tuition for students. When you do this, it is much harder for scholars to justify attending institute. Some individuals will argue that you are able to get financial aid. However, this does not turn out to be so for must students. This, again, is a setback in getting an education. An article writing by Michael Mitchell and Michael Leachman states that “In Arizona, published tuition at four-year schools is up more than 80 percent”. With this increase of education, how do students know where the money is being spent. Scholars would like to know that the cost of their education is not being spent incorrectly and are curious as to why the cost of education is increasing when there is no increase for them in the
America’s future lies in the youth and building an educated youth that is interested in their career would benefit society. Rising college tuition is hurting the higher education of America. As more financial pressure is placed on these kids, the more they aren’t able to focus on their goals and dreams. Although inflation is a problem, the students who are able to graduate will benefit society if they worry more about their job. They should be able to satisfy their duty in society and a rise in college tuition will hinder that vision substantially.
Since the 1980’s the cost of attending colleges have increased rapidly. Rising costs of for Medicare, highways and prisons have caused many states to reduce a percentage of their budget for higher education. Colleges and Universities currently face a very serious challenge:
Allan and Davis mention the spike of college cost since 1995 has increased by 150 percent; student debt has increased 300 percent since 2003, and with education, second to the mortgage industry in the nation’s debt, America needs to redirect their attention to the future and focus on education (Allan n. pg). Budget cuts from national to state
David Wood once said, “College is the best time of your life. When else are your parents going to spend several thousand dollars a year just for you to go to a strange town and get drunk every night?” The costs of college are escalating at an all time high, which is why Richard Vedder went out and looked for a reason as to why this is and what, if any, solutions to this ongoing problem could be. Vedder talks about four main reasons why tuition continues to rise: third party providers and the amount of funding and spending that goes on, there is no market discipline when it comes to universities, price competition, and also government regulation. However, in order to combat these rising prices, Vedder came up with a number of solutions that could be used to control the cost of tuition, despite some problems with these ideas, his idea of using a voucher system is the best solution that he presents.
Since the 1973-74 school year to the 2008-2009 school year, the price of attending a four-year public or private school has roughly tripled after adjusting for inflation according to College Board. (Update). The current price of college tuition leaves students with many problems in order to receive a college degree which most careers today require. Attending college is part of the “American Dream” and the freedoms that this great country offers but when students can not afford the freedoms we offer, then it becomes a problem. Most college students are left with substantial amounts of debt restricting them from further advancing in their careers after they graduate and the average family can not keep up with the rising costs of education and have to resort to finding other ways to get the desperately needed money. College Tuition--tripling in 40 years, leaving students with large amounts of debt, accounting for 3.3% of the total U.S. gdp-- should be lowered.
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.
In today’s society, the cost to attend college to earn a degree continues to increase, which results in an increase of students needing financial aid. A determining factor of how much a student receives is dictated by the Earned Family Contribution (EFC). The EFC is mandated by Congress as a part of the required Free Application for Federal Student Aid (FAFSA) that every student must fill out in order to apply to college. Steve Cohen, an Op-Ed Contributor to the New York Times and author of “A Quick Way to Cut College Costs” believes that the EFC is flawed in that it does not accurately depict how much a family can contribute to the cost of a student’s education. Cohen’s solution is for Congress and the President to drastically cut the EFC to realistically reflect on the unequal rising of college tuition and average household income. Cohen is very effective in utilizing his research to appeal to readers. The statistics and figures he utilizes make it easier to understand his point.
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...
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.