The Problem Of Increasing College Tuition Essay

The Problem Of Increasing College Tuition Essay

Length: 1023 words (2.9 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

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.
Being forced to move back home after college graduation is one of many obstacles students face while getting accustomed to the new debt they inherit after school. Imagine, upon graduation of high school the excitement one must feel about finally being away from the watchful eye of mama and papa bird. Headed to college to live on their own, freedom to be an adult and make decisions as such. If lucky enough to be one of the one’s who will make it through the entire four years of higher learning with a degree, evidence of long nights, dedication, and hard work, great rewards are expected, right? Wrong, many students in modern society will be met with a harsh reality and be bound to the nest which they took flight from four years prior. Student loans will become the new chain holding them captive to their parents. Unable to afford to live independently right after college graduation is a price some must pay for pursuing higher education.
With college debt and day to day l...


... middle of paper ...


... forgiveness benefits will be taxable as income, as with the other income-driven repayment plans.” (Mayotte)
Increasing college costs has proven to be a major issue for those who pursue higher learning. With institutions raising tuition and fees, students are forced to make life-altering sacrifices to repay soaring student loans. We have come to a pivotal place in history, where individuals have no choice but to minimize or delay important life decision’s such as moving home with their parents to save money, becoming home owners, retirement saving and forfeiting higher education. The impact of increasing college costs has become so severe that it is at the forefront of politicians, political agenda, inducing conversation and policies like the revised income-driven repayment program. The program proposed to help combat the effects of massive student loans.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Increasing Cost Of College Tuition Essay

- Higher education plays an important role in today’s U.S. society. In addition to providing many benefits, it also helps individuals gain economic and social success. Graduating from college is a dream of every individual, yet it is becoming more difficult to achieve. The increasing cost of college tuition is the major problem many people face these days. Being financially unable to afford to higher education adds the burden in one’s life. This excessive rise in college cost affects individuals, community, and a country as a whole....   [tags: Education, Higher education, Debt, University]

Better Essays
997 words (2.8 pages)

The Reasons Behind Increasing Tuition Essay

- One of the most important thing in our life is education, because it is needed for the rest of their lives. Education has become a mental stress for students who have to pay for tuition out of their pockets because tuition fees are increasing every year in a way that some people aren’t able to afford. Tuition is a fee for a class that a student has to pay in order to take the class. Education is very stressful matter and every student has to maintain really good grades because there is a lot of competition in every field....   [tags: College, Higher education, Education]

Better Essays
1080 words (3.1 pages)

College and Tuition: Is it worth It? Essay

- Its sad the amount of students not going to collage based on tuition in the United States. Anymore, 47% of junior high and high school student’s parents feel they can't afford college for their kids anymore with the cost of tuition and it still increasing. I feel college tuition is way too high in the United States for most families in today's economy. Over half of the students going into college show some concern with how to pay for college. The amount of college graduate debt is rapidly increasing....   [tags: college tuition, financial aid, college debt]

Better Essays
1145 words (3.3 pages)

Increasing College Tuition Essay

- Over the past few decades the cost of tuition has skyrocketed and turned into something that parents and students all across the nation fear to pay every year due to the fact that it is so expensive. “According to the U.S. Department of Education, the average annual tuition, fees and room and board at a public college or university in 1964-65 — the first year for which there’s data — was $6,592, in 2011 dollars. By 2010-2011, that had increased to $13,297 -- a 101.7 percent increase. The increase for private schools was even more dramatic....   [tags: Parents, Students, College Cost, Education]

Better Essays
902 words (2.6 pages)

Should College Tuition Be Higher Education? Essays

- Since its inception in 1636, higher education has been a valued commodity in the United States. Although first viewed as an institution for the wealthy and ultra-elite, today, a majority of Americans strive to earn a college degree. As workplace standards and employer expectations have changed, a college education is all but mandatory to pursue a quality career. Unfortunately, a degree is starting to become unaffordable at what seems to be the worst possible economic time. According to the College Board, over the past 25 years, college tuition has increased at a rate of 294.22%, which supersedes the current inflation rate....   [tags: University, Higher education, Education, College]

Better Essays
1988 words (5.7 pages)

The Problem Of College Tuition Essay

- College tuition has a bad name to it, and for a good reason. More students and paying parents are feeling defeated attempting to pay off loans that typically hang over a students head for a good amount of years after finishing their education and getting their degrees. While the government has attempted to try chip away at the $1.2 trillion debt that has accumulated for college students around the United States, they are no where near having a permanent solution that lets graduates get on with their life without struggling....   [tags: College, University, Higher education]

Better Essays
1103 words (3.2 pages)

Should The University Increase Tuition Fee? Essay examples

- Should the university increase tuition fee. Currently, a debate about whether universities and colleges should increase their tuition fees has drawn a lot of attention and discussion among both the students and the faculty. According to the article, “The Struggle for Public Education in California: Coming Due: Accounting for Debt, Counting on Crisis,” the authors state, “Low income students have on average $2,000 more in debt than others. During the last ten years, average U.S. college tuition has increased about 8 percent (three times the rate of inflation) every year....   [tags: University, Student, Tuition, College tuition]

Better Essays
1307 words (3.7 pages)

Essay about The Problem With College Tuition And Its Solution

- The Problem with College Tuition and its Solution Today in America, students graduate from college but struggle to pay off their student debt for years. Other times, smart individuals drop out of college because they cannot afford to pay the rest of their college tuition. In the 1960s and 1970s, tuition was only a small fraction of what it is today, and many were able to afford it with the money they earned over the summer. However, as the years went by, college tuition became expensive and eventually started to rise faster than inflation....   [tags: University, Higher education, College, Education]

Better Essays
721 words (2.1 pages)

Rising Tuition Prices Essay

- Introduction 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....   [tags: tuition, college, education]

Better Essays
1394 words (4 pages)

The Problem Of College Debt Essay

- In an article written by Andrew Lehren, the author provides the bold statement that “the only thing worse than graduating with lots of debt is not going to college at all” (Lehren). In today 's society, many families lack the funds to provide a full ride for their children in terms of college. Due to this fact, many people turn to alternate solutions such as loans or diving straight into the workforce instead of attending college at all. These solutions, however, may greatly affect a person throughout the course of their life....   [tags: College, Graduate school, Education finance, Debt]

Better Essays
978 words (2.8 pages)