Are Colleges Worth The Price Of Admission Summary

College tuition has been an increasingly intense topic of discussion over the years. The costs of higher education have been debated by many people, and it has been discussed as to whether costs are becoming too high for students to afford. College has become more and more popular, and now as many as 20 million students attend universities reported by The National Center for Education Statistics (1). The value of a college degree is immense, but college tuition is becoming too expensive for students to afford, and furthering the problem are students’ lack of knowledge on how to pay and earn money towards their college degree.

With the ever-increasing tuition and ever-tighten federal student aid, the number of students relying on student loan to fund a college education hits a historical peak. According to a survey conducted by an independent and nonprofit organization, two-thirds of college seniors graduated with loans in 2010, and each of them carried an average of $25,250 in debt. (Reed et. al., par. 2). My research question will focus on the profound effect of education debt on American college graduates’ lives, and my thesis statement will concentrate on the view that the education policymakers should improve financial aid programs and minimize the risks and adverse consequences of student loan borrowing.

The United States needs to look to other nations that have figured out the necessity of higher education to be at an affordable cost if not free. In 2015, college graduates are facing on average just north of $35,000 in student debt (Berman). In part, the government has reduced the federal funding that each college receives each year. Therefore, colleges have constantly raised the

Higher education has been known by many Americans as a luxury for only those who can afford it if not being forever in debt with student loans. The price of higher education has been in debate for many years but it still has not ceased to come into an agreement. Should higher education lower its price or is it worth paying for it? As Andrew Hacker and Claudia Dreifus argue in their article “Are Colleges Worth the Price of Admission?” there are colleges worth mentioning about how successful their financial management has been correlated with their students success. The issue has also come into attention for Sanford J. Ungar, as he explains in his article “The New Liberal Arts,” although liberal arts education may be have its misconceptions, it does pay for its price. Hence, higher education (whether from a regular university or a liberal arts college) is worth the price, as it prepares individuals for the real world more than any other kind of education, it is an unique time were students are allowed to explore and put their abilities into test and it is the opportunity for many to overcome the many obstacles life has to offer.

The U.S. is home to some of the greatest colleges and universities in the world. But with an overwhelming 1.3 million students graduating with an average student loan debt of $29,000 each and with youth unemployment elevated, the question of whether or not college tuition is worth the money arises (The Institute for College Access & Success, 2013). Higher education faces intimidating challenges: continually rising costs, access and completion problems, constant changing of technology, and responsibility pressures from state and federal officials. But no challenge is more intimidating than the fundamental question that many Americans face to ask themselves, "Is college worth the cost?" As a result of the economic turn down, many students who graduate are not finding well-paying jobs, either within their field of study or not.

There is no escaping the fact that the cost of college tuition continues to rise in the United States each year. To make it worse, having a college degree is no longer an option, but a requirement in today’s society. According to data gathered by the College Board, total costs at public four-year institutions rose more rapidly between 2003-04 and 2013-14 than they did during either of the two preceding decades (Collegeboard.com). Students are pressured to continue into higher education but yet, the increasing costs of books and tuition make us think about twice. Sometimes, some of these students have to leave with their education partially finished, leaving them with crushing debts. It is important to find the means to prevent these

A major problem for today’s high school graduates is the rising price in college education. Attending college can add up really fast; it can cost up to tens of thousands of dollars per year (Barkan 1). No wonder, in Steven Barkan’s book of social problems, issues and problems in higher education take up a full chapter. In this chapter, Barkan states that only 44% of all students who attend a four-year institution is lucky enough to have annual tuitions and fees amount to less than $9,000 per year. The aggravating question is, “why does college cost so much?” Not only is tuition part of the cost of college but also fees housing and meals, books, school supplies, and accessories (“What’s the Price Tag” 1). All tuition covers is the money for academic instruction. Fees are charges for specific services such as, internet access, and then the cost of books and school supplies add up. Additionally, one is not paying just for textbooks but also

The ideal purpose of a college education was not to become the greatest financial outlay for a parent or guardian. It’s basic mission was to challenge the minds of younger individuals but instead many are burdened with staggering loans from something that was meant essentially to benefit. It has become a common burden for a family to be in debt six figures behind college tuition and colleges are losing their primary purpose of challenging the mind of young individuals. The essay “Are Colleges Worth the Price of Admission?”, helps the reader to understand how colleges have lost their soul purpose of educating by listing colleges who reinforce the idea that colleges have lost track of their basic mission. These exceptions show the reader how other colleges could possibly be able to gain their purpose again through reformation. The writer cites colleges who have not lost their priority to help reform those who have.

Kevin Carey’s goal for writing this essay was to reach out to college/university faculty, and Student Affair professionals to call to their attention the crushing problem of students loans and debt and emphasize the need for income-based loans in favor to the system that is now in place that causes students to fall further into debt due to high

College debt is becoming more of a drastic problem in the United States with the rising costs of college tuition. In “Why the Student Loan Crisis Is Even Worse Than People Think” Mark Kantrowitz expresses how the issue of student debt in America is to be blamed by the government’s lack of action. In “Is College Doomed?” Graeme Wood expresses the benefits of the new and innovative univeristy Minerva. A perk about this university is that it includes the cheaper tuition than other ivy league schools because of its lack of all the componenets of an average university. The government needs to be more involved in preventing future college students from graduating with overwhelming debt.

Colleges are noticing a drop in students’ interest in a higher education, because it forces them to fall into poverty. Obtaining a higher education is a dream of many working class citizens, but the price to go to a choice college is not available economically. The majority of students use some type of student loan, they have become the norm for attending college (Johnston, Roten 24). College is becoming unaffordable to many lower class students. With tuition prices this high, students are backing out of school and looking for jobs that only require a high school diploma. Student loans should help people, but it is only hurting them because they feel like they can never repay it. Especially since student debt continues to rise. “Student loan debt rose by 328 percent from $241 million in 2003 to $1.08 trillion in 2013, according to the Federal Reserve Bank of New York” (Johnston, Roten 25).

Throughout every generation the majority of students, who want to acquire a better paying job in the world, all apply to a college of their dreams. The whole of these students know what to expect from college; education, social connections, fundamental understanding of their respective field, as well as the benefit/hope that they will receive their dream job soon after. However, these students also expect to amass an amount of debt once they graduate as this is a common fear amongst college graduates. In spite of such hindrance in their pursuit of a job, the experience from which they accumulated throughout their college life later benefits them in diverse amount of ways.

Today colleges are growing more and more necessary for attaining a solid path towards a successful career, yet the rapidly increasing cost of tuition is driving students away from their dream of attending college, due to the preposterous amount of money that is now being demanded by colleges across the nation and world as a whole. It is sad to see students being turned away from a successful future due to the money-hungry nature of the universities that dot the globe. More and more impossible it is becoming to have a “rags-to-riches” scenario that used to highlight the American Dream, as if a student doesn’t have the riches to afford a higher education and the tuition that is drug upon its coattails, then our society is doomed to be clothed in rags forever, unless major changes are brought about to restructure and end the indefatigable growth of tuition rates across the board.

According to The Rising Cost of College by College Choice, since 1981, the total cost of college has gone up by 500% (2). College tuition has increased faster than inflation and even when state subsidies increased, college costs still increased (2-4). One possible short-term solution to the problem is introducing programs that would help improve financial literacy among students and their parents. By educating students and their parents on how to properly budget, college could seem to be more affordable than previously thought (Holland par. 34). Another solution, based on an article, is making students responsible only for the principle in a loan and making public colleges pay the interest. This would cause colleges to lower their costs since this gives colleges incentives to make college cheaper, because colleges don't want to pay interest on their

The increasing cost of higher education in the United States has been a continuing topic for debate in recent decades. American society emphasizes the importance of education after high school, yet the cost of undergraduate and advanced degrees continually rises at a greater rate than inflation. According to the Advisory Committee on Student Financial Assistance, cost factors prevent 48% of college-qualified high school graduates from pursuing further education (McKeon, 2004, p. 45). The current system requires the majority of students to accumulate extensive debt with the expectation that they gain lucrative post-graduate employment to repay their loans.