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University Tuition Fee

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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. The call for higher education is due to the fact that a high school diploma is not adequate enough to apply for a job or compete against other applicants. Nowadays, a bachelor’s degree is not only a great asset to possess, but also the main requirement for most job offerings. A survey conducted at the American University of Sharjah has supported this claim with 58.54% of …show more content…

Due to the exceedingly high fees of their preferred major, students have been compelled to choose a field that they are disinterested and impassionate about. Research organized by the National Education Opportunities Network (Neon) demonstrates that if fees were reduced to a lower budget, 45% of respondents would choose a different path. Moreover, this decision not only affects them during their college education but follows them throughout their entire life career. After graduation, students are then driven into jobs they are dissatisfied with, and unfortunately, due to their discontentment, they jump from one job offering to another, never building a solid foundation to develop upon. This can lead to great disappointment and deep regret over the course of their

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