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rising cost of higher education
the problem of rising college tuition
the rising cost of higher education
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In 1965, the United States legislature passed a historical legislation called the Higher Education Act of 1965. This was an important legislation intended to strengthen the resources of our colleges and universities and to provide financial assistance to students in postsecondary and higher education. Today, this act remains the foundation for most postsecondary education subsidies, including the Federal Pell Grant program. Since its inception, the federal government has continued to provide varying amounts of funding for higher education in hopes of encouraging college enrollment by reducing college costs. Yet, according to the Department of Education, the United States, once ranked a global leader in postsecondary education, has slipped to fifth in terms of proportion of 25-64 year olds holding a higher education degree and even more discouraging, has fallen to ninth in attainment among the younger generation, aged 25-34 (Department of Education). Could this be due the skyrocketing costs of college tuition and fees? Because college fees have increased more rapidly than grant levels, Pell Grants cover a lower proportion of total college expenses than it did a decade ago. Fortunately, the Obama administration wants to see this trend in higher education end and as a result has relentlessly fought to protect the program. Although the Pell Grant Program is currently secure, there are some that would like to see the government eliminate the program; however, any drastic cuts to the program would leave many students changing their college plans or unable to attend at all, thousands of students currently enrolled in school to dropout, and affect the nation’s already weakened economy. From a very young age, students are prea... ... middle of paper ... ...f/college/college_tuition_cost/index.htm>. College Board. “What’s the Best Plan for Your Child?” Why Community College? College Board. N.p., n.d. Web. 3 Nov. 2011. . “Financial Aid Data Points.” Chart. Washington: Education Trust, 2009. Education Trust. Web. 26 Oct. 2011. . Johnson, Jean, et al. With Their Whole Lives Ahead of Them. San Francisco: Creative Commons Attribution, 2009. 41. Public Agenda. Web. 7 Nov. 2011. . Lee, John Michael, Jr., and Anita Rawls. The College Completion 2010 Progress Report. N.p.: n.p., 2010. 15. College Board. Web. 7 Nov. 2011. .
...tes. Department of Education, Federal Student Aid. Comparison of FY 2011 2-Year Official Cohort Default Rates to Prior Two Official Calculations. Washington DC: 2013. Web. http://www2.ed.gov/offices/OSFAP/defaultmanagement/cdrschooltype2yr.pdf
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
“The data suggest that removing the Pell Grant from less-prepared students will not compel many of them to forgo college. Instead, they will enroll, and without grant aid, they will take on debt, even more than they already had to” (Goldrick, 3). This will make a serious impact on the economy because students who didn’t perform academically well in high school will have a tougher time paying of the mass debt at the while they attend
Girod, Gary. "Are The Millennials The Screwed Generation." Mag.newsweek.com. Joel Kotkin, 16 July 2012. Web. 24 Oct. 2013.
As The “Progress of Education Reform” suggests, tuition discounting is major contributor to the rising cost of college in the sense that while it provides a tuition discount to the one particular student receiving the grant or scholarship it places a heavier burden on the majority demographic that attends the university without such discounting. (The Progress of Education Reform” 1). In contrast to popular opinion, scholarships and grants which are normally regarded as blessings are ironically a contributing factor to rising tuition prices. Basically, the universities have to make up for the money they lost by awarding the scholarships so the majority of the student population who did not qualify feel it in their pocketbooks. A final cause of this ludicrous tuition spike is the shift in university budgets to cater to the administration departments of the schools. Jobs in this department are non-teaching jobs that provide student services ranging from student safety to counseling and wellness programs. These jobs are definitely
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.
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.
Supiano, Beckie. "3 Things to Know About the Expected Family Contribution and College Affordability Comments." The Chronicle of Education. Head Count, n.d. Web. 21 Apr. 2014.
There is no escaping the fact that the cost of college tuition continues to rise in the United States each year. To make it worse, having a college degree is no longer an option, but a requirement in today’s society. According to data gathered by the College Board, total costs at public four-year institutions rose more rapidly between 2003-04 and 2013-14 than they did during either of the two preceding decades (Collegeboard.com). Students are pressured to continue into higher education but yet, the increasing costs of books and tuition make us think about twice. Sometimes, some of these students have to leave with their education partially finished, leaving them with crushing debts. It is important to find the means to prevent these students that are victimized by skyrocketing tuitions from dropping out, and encourage all incoming high school seniors to continue their education.
For the purposes of this paper, student success is defined as graduation from college, transferring from a community college to a university or 4-year college, or graduation from a 4-year college or university or graduate school. This broad definition accounts for students that have more immediate goals (e.g., obtaining an associate degree in nursing and immediately entering the workforce) and for those that are interested in obtaining a 4-year degree or graduate degree and then become a part of the workforce.
...| Student Aid Alliance." Student Stories | Student Aid Alliance. N.p., n.d. Web. 2 Dec.
In the words of Claiborne Pell, U.S. Senator of Rhode Island and sponsor of the Pell Grant, which provides financial aid to American college students, “The strength of the United States is not the gold at Fort Knox or the weapons of mass destruction that we have, but the sum total of the education and the character of our people.” These words speak of the importance of education and the need for public support in order to continue America’s tradition of investment in our youth being an investment in our country.
"Should More College Financial Aid Be Based on Need, Not Merit? ." The Wall Street Journal [Chicopee, Ma]. Dow Jones, 24 June 2012. Web. 6 Nov. 2013. .
Fees and loans are too big of a load for young people to carry. A lot of students drop out do to the pressure of having to worry about all the loans they have to pay back after they are done with college. This should not be an issue to the student. According Iatham Emmmons, “Even worse, a large portion of students never receive funding at all due to the multitude of stipulations that must be adhered to in order to qualify for assistance. A major flaw in the current federal educational assistance programs is that the students’ parents’ income is used to calculate financial need” (Emmons 3). Even citizens who try to get help by applying for funding never end up getting it because they do not meet the needs required for the funding. Education should be p...