The basic economic relationship behind demand and price, is as price increases the demand on a product reduces (Frank 4). This relationship depicts rational human beings interacting in the marketplace (Frank 4). The product that colleges produce are degrees and educated alumni. The price of colleges have skyrocketed in the last decade by a whopping seventy percent (Frizell). The reaction to the increase in price of college, hasn't reduced the demand, in fact it has increased (Frizell). So, does this mean that somewhere along the line have americans become irrational in their economic decisions or has the value of a college education match the rising prices. Sadly, enough the value of a college degree in the current american economy is worth the cost. The foremost reason is the return in income and standard of living enjoyed by college graduates in general (Webber). Another reason is the greater benefit the country, America, gains from having more of it citizens educated at a the college level. The impact economically, and socially can only uplift the American society to new heights.
In the currently bleak economy that students face after attending college has called for an open discussion to the policy of higher education. One of the many medians where this discussion is happening is in the wall street journal called “Do Too Many Young People Go to College?” written by Lauren Webber. The article takes form in a forum of higher educational policy experts and professors, addressing two major questions posed by the public (Webber). The first of which is whether the investment in attending college is worth its value financially (Webber). Not only is the argument of why college is worth it’s value is explored so is why the value of ...
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In conclusion, you should go to college on the grounds presented in this argument. The value of a college education is not in the actual lessons plans, it is in the process of problem solving skills taken away from the school work as well as the ability to conceptualize your own ideas. There are very few and rare cases of successful people who did not attend college because universities are unique places that foster human and intellectual growth. Even some college education is better than none and this is depicted in salaries of worker who have attended some college. As said college campuses are places of immense growth and even some time is better than no time at at. The ultimate decision of going to college is up to the recent high school graduate. Through hard work anything is possible and going to college gives you the best chance to enjoy a better life.
In the Washington Post, the article title, “College is not a commodity. Stop treating it like one.” Everything revolves around money these days and the economy. The economy is justified to be expensive, by the time you are the age of 22 you will be in debt up to 100k dollars to 200k dollars. Regardless of where you go to college or what you go for you will be in debt. The author states that the value of 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.
To go to college or not to go? Is the question many ask themselves before making a life changing decision. Anthony P. Carnevale “College Is Still Worth It” argues that people should go to college and not rely on faulty data on the worth of postsecondary education. Carnevale is a well-known authority on education and was appointed by President Clinton as Chairman of the National Commission on Employment Policy. While Richard Vedder respond to Carnevale with “For Many, College Isn’t worth it” and claims that college is worth for some people, but it’s not suited for all. Vedder is an economist, author, columnist, and now a distinguished professor of economics emeritus at Ohio University and senior fellow at The Independent Institute. Vedder is able to convince his audience on why college is not always worth it, unlike Carnevale, who was unable to convince his audience.
Community colleges and vocational tracks are not wrong about the high cost of traditional higher education. According to the U.S. Department of Education’s National Center for Education Statistics, one year at a public, four-year institution costs upwards of $23,000 on average, while private institutions will cost nearly $10,000 more on average. Coupled with the fact that prices at public institutions rose 42 percent and private institutions rose 31 percent between 2001 and 2011, it’s not a shock that parents and students alike worry about paying for college. However, this won’t always be the case, as this rise in prices simply cannot continue the way it has. Eventually, people will be unable to pay the price that colleges charge. They will either settle for com...
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.
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.
Everyone knows that person from high school that just wasn’t cut out for college. It’s not a bad thing by any means, but if you’re thinking about heading off to college like many American teenagers often do, think about this: going to college can be a waste of both your time and your money. I’m not the first to say it, and I sure as hell won’t be the last. In Stephanie Owen and Isabel Sawhill’s essay, Should Everyone Go to College?, the two authors take a strong economic approach to justify going to college. Owen, an ex- senior research assistant at Brookings’ Center on Children and Families and current research associate at the Urban Institute, a nonpartisan center for research on the problems of urban communities, and Sawhill, the co-director of the Center on Children and Families and a senior fellow in economic studies at Brookings, claim that the return on investment (ROI) of a college education is overwhelmingly positive on average; However, they also bring light
For those who wish to have children in the future, imagine putting ten dollars a week aside from now until they turned eighteen. That money would hardly accumulate up to even a portion of the costs for just a single year of higher education. In the article, “America’s Most Overrated Product: The Bachelor’s Degree”, an essay from the Chronicle of Higher Education in 2008, author Marty Nemko discusses all aspects that should be considered before pursuing a serious interest in educational institutions. Being a current student at a four-year institution it concerns me for not only myself but also fellow peers if we are making the right decision. The costs of higher education are increasing drastically along with the amount of Americans in debt from student loans. The value of a bachelor degree is declining and students are faced with the question, do the benefits of a collegiate education out weigh the costs?
The second chapter of this book advocates students to attend college, even if they must take on a moderate amount of student loan debt. They give statistics showing the tremendous gap in wages between a college graduate and a non-college graduate. The third chapter of this book argues the opposite viewpoint of the second chapter. The author states that the cost of college today is too high and that there are too many college graduates flooding the job market causing many of them to go unemployed or seek low level jobs that do not pay enough to pay off their student loans. Both of these chapters will help me to show the two main ...
As the numbers of college graduates employment have increased for each years, many people have being debating that whether everyone should have college education and whether college education still worth it for everyone. Some people found that they did not gain the benefits that they wish from college education, and some people found that they still could not find the job they desire after they spent all the money they have on college education and being in heavy debts. Therefore, people started to believe that colleges are not designed for everyone, and force oneself to attend colleges could lead to negative outcomes. Consequently, people who cannot afford to attend colleges, who do not have adequate academic skills to be successful in colleges,
What is the social value of college? The answer to this question is quite different when it is asked to multiple people. Some people believe that the social values that are learned in college can be learned outside of college, and others believe that college provides students with an environment to learn and practices social values in a controlled environment. One person that believes that people can learn social values outside of college is Dale Stephens. When it comes to people, who believe that college gives students a controlled environment to learn and practices social values are Michael S. Roth and Zac Bissonnette. In my opinion Stephens, Roth, and Bissonnette all have important points on the social value of college.
Everyone knows that going to college and getting a degree is the most effective and guaranteed route to ensure a prosperous financial future, right? College is considered by most to be the best investment you can make in life, but what happens when that investment leaves you drowning in thousands of dollars in debt right after graduation day. This is the situation that millions of college graduates are faced with in 2016. Rising college tuition perpetuates student debt and is on a sharp incline and it seems to have no ambition of ever slowing down. The effect of this catastrophe is felt by millions of families across the country who now question, “is college really worth it?”
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.
In today 's society, many young adults pay thousands of dollars to go to college to be able to get a good job in the future. However, as society continues to move forward many young adults are leaving their campuses with expensive degrees, while also still struggling to get a job. One of the things contributing to the growing risk of going to college is how increasingly expensive it is to go to school. Things like student loan debt are a major contributor to that expense. Casey Bond stated how “The growth of student loan debt is being compared to the recent housing crisis because of the significant growth of subsidized lending,” The primary goal of college used to about gaining new knowledge and becoming a better member of society. However,
Finding myself a college junior at age 56, I have often thought about why one might want an education in the first place. When asked why it's taken me so long to complete college, well almost complete, my reasons are both simple and complex. I never real ly liked high school that much and my family moved around a lot. As a result, I attended several high schools. In retrospect, I now understand that high school is difficult even if one never moves. But I digress. Why get a college education? Would I be sm arter? More importantly, would people around me think of me as smarter? In fact, did it really matter at all what people around me thought? Was it money then, or pride? Perhaps it was respect.