One year at the prestigious Yale University will cost an average of $38,300 (collegeboard.com). Many students who deserve to go to this school may miss out because of the cost and lack of financial aid. The rising cost of college may put higher education out of reach for the average American. This paper will look into the reasons behind the steady rise in prices, the legitimacy of a college education, and why recent graduates are struggling to find jobs in this tough economy. A college education is now as necessary for success as a high school education was in the 1970’s according to the job industry. In 1970, only 40 percent of high school graduates went to college. Now 70 percent of high school graduates attend some sort of postsecondary education (“Are Too Many Students Going to College?”). This percentage has increased because graduating high school is seen as typical right of passage. In addition to that, in 1970 7 percent of Americans had a Bachelor degree by the age of 24. In 2008 that percent had raised to a solid 29 percent (“How Much Does College Cost, and Why?”). Because more students are graduating with higher education degrees, college degrees are less special and more prevalent. Therefore, one would think that college tuition would decrease (saturation of a market). However, that is simply not the case. The price of college has increased for a variety of reasons. Pubic Universities have had to raise their tuition fees because their state has a strained budget. State and local funding has taken a major hit since the 1908s. For example, the University of Virginia received 33 percent of their budget from the state in 1989. In 2009 they only received 12 percent from the state. Another statistic shows that since 1980... ... middle of paper ... ... Cohan, Peter. "Is a Degree From a Top College Worth the Price? - DailyFinance." Business News, Stock Quotes, Investment Advice - DailyFinance. 30 Dec. 2010. Web. 06 Feb. 2011 Collins, Hugh. “Young College Grads Struggle to Find Work”. Business News, Stock Quotes, Investment Advice, - Daily Finance. 9 Jan. 2011. Web. 03 Feb. 2011. “How Much Money Does College Cost, and Why?”. Left Business Observer. 29 Jan. 2011. Web. 01 Feb. 2011. Kelley, Rob. “College Cost Rise; Public Universities See Biggest Hike- Oct. 18, 2005”. Business, Financial, Personal Financial News- CNNMoney.com. 17 Oct. 2005. Web. 01 Feb. 2011. Kirst, Mike. “Executive Summary.” Stanford University. Web. 03 Feb. 2011. Vedder, Richard. “Why Did 17 Million Students Go to College?” Home- The Chronicle of Higher Education. The Chronicle of Higher Education. 08 Nov. 2009. Web. 03 Feb. 2011.
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
Education comes at a high price for this generation and not just financially. Going to college can give students plenty of debt with no promise of a job in return, which can set a student father back on their course of life. Young adults trying to start their lives by going to college encounter many setbacks. Today the average cost for a private university is $25...
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...
A high school education is no longer sufficient to succeed in America’s increasingly complex economy. However, because of the high price point of a college education, far too many Americans are unable to afford education beyond high school. As shown in the graph below, the higher level of education received greatly increases the chances for employment and also dramatically increases the average salary potential of an individual.
Over the past years, getting a college degree has been the pathway to a settled career. College has been a reason for people to carry on after high school. Now that tuition has been raised, getting a degree seems to drain students with more loans and could be in debt. College has been raised to the point where people rather start working at a minimum wage than continuing with school. Working in a part-time job would be an easier choice rather than pursuing a degree.
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
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.
Steve Cohen shows the disparity between the rising cost of college and a family’s capability to afford it. Cohen explains “Tuition has risen almost 1,200 percent in the last 35 years, and the sticker price for many four-year private colleges and out-of-state public universities exceeds $250,000.” Moreover, he goes on to say that even at public universities, it is about $80,000 for four years for tuition and other college related expenses. Later in his article, Cohen explains how this leaves middle-class families in a very uncomfortable situation. The parents or other money-making entities in the household want their student to go to college and earn a degree, but now there can be an element of stress in figuring out how the fees will be paid for. Furth...
High schools build their students up to go to college. They don’t expose the students to any other paths but getting a higher education. There are no high schools anymore that teach their students how to start their own business or invent their own product. They don’t educate their students on how to use the Internet to become more educated with things without going to college. In the 1970’s a college student could afford their college tuition without student loans or getting financial assistance their parents. They were able to pay by working a part time job year round or a job over the summer on their time off. The government destroyed this by providing easy students loans to anyone who applied. There weren’t any credit requirements for taking the loans out. According to a documentary called “Conspiracy Scam” on youtube, tuition for a four-year college costs $29,293. It also states that price went ...
Lankford, Ronald D. "Chapters 2 and 3." The Rising Cost of College. Detroit: Greenhaven, 2009. N. pag. Print.
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.
How does the rising cost of college tuition affect us? Every year thousands of students attend a college or university, usually of their choice, with the goal of achieving a higher education and to better their future. The cost of attending college is too high and it needs to go down; there needs to be more scholarship and grant opportunities. The high cost of attending college is a major reason that students aren’t able to achieve higher education; others take this as a challenge and it is motivation for them to work harder to achieve their goal. One might ask why would someone want to spend money to receive more education and miss out on more years of work that they could’ve performed? For many, it is so they can receive more salary for the jobs that they will have later in life, also so that they can get training for their wanted career. The cost of attending college is high and continues to rise without indications of decreasing. The rising cost has many benefits such as earning more pay, but it also has its disadvantages such as the debt that is accumulated from student loans. Not everyone can afford to drop down thousands of dollars and attend school for a few more years. Students who wish to receive a post-secondary education must decide whether it is the right choice for them depending on their financial standpoint, meaning that they must decide if they have the resources to further their education.
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.
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.
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.