The expense of College Skyrockets
Many parents dream of their children graduating high school and taking the following steps to earn a college or university degree. They believe that earning a degree will give their children better opportunities and be more successful in the world. However, these hopes and dreams are becoming more and more difficult due to the rising cost of college. Jill Dominique, writer of the article Rising College Costs: Overview, proclaims, “In August 2022, estimates of the total amount of student debt owed in the U.S. was about $1.62 trillion”(Dominique 2). Even though there are financial programs to help families and students, there are still many factors that contribute to this problem including investments in non-academic
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For students, the cost of nine months of study is almost about $80,000. The classes themselves are expensive, and enrollment in certain courses is in high demand. Dominique states “They must stay current with ever-advancing technologies in campus networks, computer labs, and sophisticated classroom teaching aids”(Dominique 3). Colleges and universities must stay in touch with the needs and demands in order for students to get more immersed in their field of study. More importantly, things such as non-academic amenities like residence halls, athletic facilities, and dining options contribute to the cost. This trend is particularly evident in private universities, which are competing for students in a crowded and higher education marketplace. Due to the fact that schools and universities must borrow money in order to finance these kinds of projects, the investment in these items has resulted in an increase in student …show more content…
So what can we do to assist the needs of these students and families? A possible solution arising amongst undergraduate students is allowing the college to be paid for, or free tuition. With that being said the topic of whether or not college should be free is up in the air, though there are many pros and cons that contribute to this, for example, amenities like living spaces and dining options would not be covered. Students who are already in debt will be unaffected by this, there is around 40 percent of student debt that is taken out for more advanced degrees like masters and medical degrees. This plan would also only apply to those who are undergraduates and those who are earning a bachelor’s or associate. Economically taxes would need to be raised in order to fund the number of students that are enrolling in colleges and universities. This would greatly affect the poor losing even more money, it wouldn’t be fair in terms of social classes, and there would be a continuous cycle of families wanting to be more reliant on free college
Not having free or low college tuition impacts many people, “between 2011-12 and 2016-17 tuition and fees have increased 9% at four year public schools, 11% at two year public schools, and 13% at
However, the increasing cost of college education has become a significant burden on the families of students and the students themselves. The factors contributing to the rising cost of college education include increasing tuition prices, room and board expenses, unnecessary fees, higher salaries for university staff, and the demand for higher education. Despite these challenges, states have yet to contribute more funds to help lower-income individuals achieve their higher education goals. The rising cost of college education is a complex issue that requires a multifaceted solution. It is essential to address factors such as administrative spending and the need for better policy in college administrations.
Introduction The cost of college tuition in the United States has been skyrocketing for decades, making higher education unaffordable for many families across the country. This issue not only affects the immediate financial stability of students and their families, but also has far-reaching consequences for the economy and the government. With more and more people struggling to afford college, we are seeing a decline in the number of students enrolling in higher education and a decrease in the number of skilled workers entering the job market. As such, it is essential that we find solutions to make higher education more accessible and affordable for everyone.
College Debts And Their Effects On Future Generations Student debt is destroying what past generations have worked so hard in creating, a functional world. Colleges and universities have been around for quite some time now and have been a key piece in the puzzle of preparing students for success in the real world and unveiling what it has in store for them. Although these educational institutions have done much good to our communities and societies, there is a side of it that has limited our growth as a species and punished those who want to succeed.
More than 40 million Americans have student loan debt which is about 1 in 5 U.S. adults. For as long as education has been pursued, college has been a thing. Along with college comes tuition and other college expenses which are not cheap. Since the early 90s, students and parents have been suffering from student loan debt. In fact, according to the United States Department of Education, the average student loan debt has more than doubled from 1990 to 2010 and is continuing to rise (ProCon.org).
The cost of attending college over the last 40 years has skyrocketed. In the 1980s, the average cost of tuition and fees at a four-year public institution was around $3,000 per year. Today, the average cost is around $10,000 per year, a more than threefold increase. The trend is similar at private institutions, where the average cost of tuition and fees has increased from around $10,000 in the 1980s to more than $35,000 today. Not only has the cost gone up but the debt has gone right up with it.
The cost of tuition is an incredible problem in today’s education system throughout the United States because it hinders the people who want to go college but cannot afford to do so. The price of tuition is a burden to those who are actually attending
In the last fifty years the world has gone under many changes but one that is really shocking is the escalating prices of colleges. Since 1985, the price tag in American colleges and universities has
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.
University students have felt the pressure of crippling debt after college. Over the years debt rates have exponentially increased over the years when students have been increasingly applying for colleges and universities. Unfortunately, statisticians have noticed that the more students apply for student loans the more money the for-profit colleges end up getting the money. Students do not get the help they need after college to be able to pay off their loans because they do not know how to pay off the student loans in a way where they can still provide for themselves. Students who are not fortunate enough to be born into a good financial situation often have to pick a safe school that might not be able to abstract their potential to be successful
The financial burdens that college leaves with the families and students needs to be addressed as student loans keep racking up over time. The cost of tuition for colleges has risen drastically over the years and has bounded students to only one or two college choices to choose from and at some points tearing away the opportunity to go to their dream college. However, one reason college has driven up in price is because the value it brings with it’s degrees, but it should not limit those who can not afford the worthy degree. College should be cheaper as it will ease financial burdens and broaden the choices of those wanting to attend
Some college students are working part-time jobs and are full-time students. Perhaps, working through college will not always cover all of a student's education expenses including books, supplies, room and board. If free tuition is given, students will have further time to educate themselves. Moreover, college tuition and prices are at an all-time high. Each year, prices are rising higher and higher.
Society often believes college is a necessary experience for a better future, but I argue that the future will not be any better when student debt becomes a part of life for those who follow that mainstream belief. Most parents often dream of the great colleges and universities that their children will get accepted into; however, they fail to think of the cost to attend those institutions. Financial aids! Financial aids! Yes there are financial aids that students can apply to lessen the student debt.
Did you know that Forty-one percent of four-year college students did not graduate within six years? College students around the country are in insane amount of debts and have no way to get rid of it and that’s a reason many do not graduate. Due to the rise in costs to attend college there has been discussions about free education, but how the debt could have been minimized and the effects on economy have not been brought up. College education should not be offered for free to all students because of the missed opportunities and unintended costs of free education are very expensive. Students don’t take advantage of the opportunities they are provided in high school, like dual-enrollment, that could save them time and money in college.
Sandhya Neupane 101-12 Ms.Acosta 20 November, 2017 University not a business factory, professors not a salesman,and students not a customer The educational world , in some point ,has been shifted to the business paradigm. There is a strong concept among everyone that a college is a place to discover new ideas,indulge curiosities and learn for the sake of learning. However,as the college tuition skyrockets and becomes less affordable for the students, the students are compelled to think of college from a business perspective.