College Costs Are Out Of Control Essay

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People with college degrees are paid 80% more than people with only a high school education. When the college degree is from a more prestigious school, that percentage increases even further (McArdle). Even President Barack Obama acknowledged this in a 2012 speech, saying that “The incomes of folks with a college degree are twice as high as those who don't have a high-school diploma” (Lemann). While a college education is a good investment for the long run, the cost of college is not a positive. The price of goods has risen due to inflation over the past decade, but during that time college increased drastically. The rates have nearly doubled, but the things that students learn still remain the same. If students are paying so much more for …show more content…
The plan will help the state “to reach its goal of helping 60 percent of Idahoans between the ages of 25 and 34 complete a degree or certificate by 2020” (Mills). In addition, half the United States already has, or is in the midst, of making statewide education systems that include college (Kingsley and Vance). Not only is college becoming more common, but it would make sense that with more students coming into college that the rates would be lower. However, colleges are not decreasing costs, but instead increasing them, making tuition costs harder on students.
The job market is evolving, causing college to be essential to anyone that wants to pursue a job. In a 2012 speech, President Barack Obama said that “right now, the unemployment rate for Americans with a college degree or more is about half the national average” (Lemann). This shows that even with a college degree, the job market is changing, causing many students to be unemployed.Yet at the same time, people that have a college education are better off than those without one. Moreover, the current job market is becoming more information based, which requires more literacy, math skills and critical thinking. Since the United States is not fully prepared with an education system that only requires kindergarten through 12th grade, the United States must outsource jobs overseas to have necessary tasks be completed. This not only takes…

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