Recommended: The effects of rising tuition
Journalist Sophie Quinton discusses how college expenses are constantly rising, though many states are now reducing instate tuition in her recent article, “States Move to Curb Rising College Tuition. Quinton informs readers that colleges are not only cutting college tuition, but freezing it. As a result student loans are soaring nationally, and schools are forced to become more efficient. Student loans are then causing debt, that later affects a students’ life in numerous ways. College students today, tend to lean towards nicer looking colleges, rather than a higher education.
“Many pay more than the state's average annual wage of $54,000.”(NPR New). The trades have faster hiring and higher wages from the start from graduation. While college graduates will make roughly the same wages, many will be paying off debt accumulated from student loans. “The average federal student loan debt is $37,574 per borrower. Private student loan debt averages $54,921 per borrower.”
The rise of college tuition contributes to the ever so rising income inequality. The high cost of pursuing a higher education is very frightening. In the graph in Trends in Higher Education, the average cost to attend a public four year college is around $23,410 per year and average cost to attend a private four year college is about $46,272 per year (College Board). It is a staggering high cost that most Americans cannot afford. Although the U.S department of Education offers financial aid to students, the aid it provides is not an adequate source.
As a member of a college student, tuition inflation rate is one of the most important factors I need to consider. This is because sometimes college or university can be too costly compared to what they have to offer. Since college is very expensive, knowing the trend of how the tuition inflation will manifest itself, allows the student to make the right decision when deciding which college to go to. Also, because the tuition inflation rate can increase or decrease, knowing what to expect will definitely help a student in the long run. Such as, how much money need to save for college tuition, if the student could afford the school their dream of attending, and when they need to transfer.
The tuition and cost of college is detrimental to thousands of families across the country and brings student debt to future graduates. Some students have seen their debt climb over $30,000. Friedman writes, “The average student in the Class of 2016 has $37,172 in student loan debt…” (Friedman). With the debts being over the average income for single people households, college has transformed from a benefit to a burden. Young adults not only have to worry about their education but also paying for the next semester or years of college ahead of them.
Is College To Expensive? The dreams of numerous college students are being crushed before they even step through the doors of their dream university. Imagine being accepted only to see the price tag for four years at the school is a quarter of a million dollars that’s enough to make the most ambitious people stop and think. It’s way too expensive! College that is, families of all sizes are reconsidering where they send their children.
Of course everybody wants to go to college, get a degree, and be successful. Unfortunately, The American dream has been sabotaged by the costs of education. As for jobs and education in America, many other countries have been competing with us. The rise of immigrants from other countries such as China and India are contending hard with American students in the college, and workforce. According to a source, the average college tuition is about 9,000 dollars.
Colleges spend too much money on relatively frivolousexpenses—such as building luxury dormitories and other nonacademic facilities—to justify thetuition hikes (Issues ad controversies). Not only that but several colleges make it a requirementfor students to spend their first year as freshmen living in campus, which is incrediblyunnecessary for the students as well as ridiculous of the college to request taking in mind howhigh tuition costs are already. Education does not require a hundred thousand dollars to achieve when there are so manyways to learn, the principal one being experience. Majority of people make the argument thatyou will need to attend college if you wish to be a medical professional or a teacher, and ofcourse there is some truth to that, but the reason why that is an argument is not because of the“college experience” but because of the educating that comes along with it which can be soughtafter independently without the need to pay as much as colleges and medical schools wouldcharge. Education is important, which is why it is also important to get educated financiallyagainst college tuitions and realize that it is not a sound investment for the mere fact that it takesos much time and money for which majority of people are never fully
Teresa Jaqueline Vazquez Prof. Siedman Critical Thinking & Communication 23 October 2015 History Of College Tuition We all know that the true Universities were stablish around 1100-1200s in the medieval Europe, and few of them charged for tuition. While there was free tuition there were limitations. There were few fields of study such as law, medicine, theology and the arts.
Sadly, those with a large amount of debt have made even less than that. The American government can help students in this situation by abolishing simple college costs such as application fees, book fees, and room and board fees. For example, books can be reused by students and the campus should allow students to stay there for free. If the government does this, many more people will go to college, which will make the nation smarter as a whole. Furthermore, it will allow American society to advance faster than other
Thesis: While the cost of college is increasing rapidly and higher each year, leaving with many graduates post incurred debt, it is still deemed necessary for one to pursue and obtain a degree in today’s workforce. I. First Main Point: The constant rise of college tuition A. The increase of college tuition has made it hard for many people to attend, due to the fact is that many who choose to attend has limited or no financial resource.
“ ‘You have this dramatically increased demand for higher education coupled with a decreased capacity of governments to fund the sector,’ says D. Bruce Johnstone, a professor of education leadership and policy at the State University of New York at Buffalo.” If there is increased demand for higher education and decreased funding to provide it, then why bar so many students from paying some money to attend? Rising cost prevents a large portion of students from attending college and leave only the students who are more well off to pay for their education. You can either have lower admission with a higher price, or more admission with lower price. In the end, you end up with the same amount of money, but a much higher amount of educated students.
Almost everyone is aware of the fact that over the years, colleges have become more and more costly to attend. They are becoming a financial burden on society and the rising tuition costs are threatening the ability of most students to attend college. The purpose of this persuasive research essay is to persuade the government of United States of America to fund the education of citizens. Over the years, different scholars have researched on this subject and they have discovered different ways to persuade the government in funding the education.
Remarkably, the average college tuition costs have risen over $11,000 since 1974, and continues to rise at an average of 12% per year (http://trends.collegeboard.org). Although this 12% may not seem like a high number, it is actually equivalent to around $2,300 added to the average tuition per year. While higher education is almost necessary to find well-paying employment, the cost of college tuition has not only continuously risen, but has also created controversy and question on why these costs keep going up. Over a relatively short amount of time, statistical studies have proved that rising higher education costs can be attributed to government budget cuts, rising staff costs, school amenities, and student aid needs.
University tuition fees have rapidly increased since the 1970’s with the market force of supply and demand being a critical component to the rise. Experts in the field of economics would argue that the major element behind the exceeding high-rise in tuition fees is the recent appeal of higher education, insinuating that universities are driven by market forces. Market forces are the factors that impact the price and accessibility of goods and services in a market. When a variable is in high-demand, this causes a rise in the variables worth, making it more profitable. Hence, market forces push the cost of university tuition fees up, knowing that the demand for education is soaring.
