College Tuition And Cost-Benefit Analysis

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The cost of higher education has become a villain of epic proportions. Students across income levels are struggling to make ends meet and are looking for a new solution to reduce the rising rates of tuition. The government has attempted to make college more affordable and are constantly proposing new solutions, though, none of them have truly been able to make a difference. Colleges themselves have attempted to make themselves more appealing by offering solutions to reduce tuition, but their end goal will always be to make a profit. Although having a college education is expected of our young adults, college tuition is rising exponentially, and it is going to become unattainable for students unless our country can come up with a viable solution…show more content…
In a White House Press release published in January of 2015, the president explained the new solution in detail; there are restrictions to who will benefit from this new proposal, though. The President’s plan involves eliminating tuition only for students who “attend at least half-time, maintain a 2.5 GPA while in college and make steady progress toward completing their program…” If you do not meet these requirements the student will, unfortunately, not benefit from the solution. Another problem with this proposed solution is that it will negatively impact the four-year schools. These baccalaureate schools will struggle to draw in students beginning their first two years and may attempt to compensate for the loss of funds by increasing the costs of finishing the rest of a degree. The solution, while it sounds appealing, is not going to fix the tuition crisis in the long…show more content…
Statistics have shown it is rising at a rate that parents and students alike are struggling to keep up with. Though many have attempted to reduce tuition rates and make it more accessible, their solutions have fallen short. By increasing the amount of merit-based financial aid, the entire environment of higher education has the potential to change. The solution will allow students to focus getting the most out of their education rather than attempting to pay for it. Students would be rewarded for their hard work rather than receiving federal aid based only on their circumstances. This solution will make college accessible to those who can benefit the most from additional education, while in the long run reducing the necessity for students to have a degree in the job market for those who are better suited to a different type of career training. The college education system has gotten out of hand and getting it back under control is not going to have a simple
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