College Tuition Cost Benefit Analysis

For some students, a college degree is the key to success but for others the completion of formal education also introduces a huge burden. Many students desire higher education but increasing enrollment rates have driven up the cost of college tuition and fees; therefore, forcing some students to offset the cost with student loans whereas the loans are often accompanied by debt (“A College” 6). Student loans generate an average debt of twenty thousand dollars per student inevitably student loans are necessary for two thirds of all students. (Collinge 76). Per data from the College Board, the repayment of student loans becomes a challenge for some borrowers, especially students who do not complete the program and those students who sought a less than marketable degree (“A College” 8). The American Council on Education suggests, one fifth of undergraduates with personal loans overlook the possibility of being eligible for a federal student loan; consequently, private loans

The increased costs of tuition and fees are making it more difficult for individuals to attend college, and they are being forced to drop out, having a major impact on graduation rates. Data stated that was stated in FACT SHEET on the President’s Plan to Make College More Affordable: A , Better Bargain for the Middle Class (2015), “The average tuition at a public four-year college has increased by more than 250 percent over the past three decades, while incomes for typical families grew by only 16 percent” (“Fact Sheet”, 2015). This is causing major stress and becoming a burden on the finances of the student and their families. In order to attend college, a large percentage of students will have borrow money because of

In the U.S. students are encouraged to earn a college degree, but the cost of an education turns many away. “Driven by the allure of a decent salary with a college degree, Americans borrowed to go to school. Outstanding student debt doubled from 2005 to 2010, and by 2012 total student debt in the U.S. economy surpassed $1 trillion” (Mian, Sufi 167). There are plenty of opportunities to obtain funds for college, including one of the most common, student loans. A student loan is defined as “a common way to fund education, specifically college and graduate school, and they provide educational opportunities that you otherwise may not be able to afford” (Barr). Student debt is at an all-time high in America. Over half of all lower income

Many students have aspirations about attending the college of their dreams, but many people lack financial support and are not able to go because of high tuition payments, such as housing, and other college expenses. U.S. Student Loans Debt Statistics for 2017 indicate that “the cost of attending college is becoming a growing burden for a huge portion of Americans.” (Student Loan Hero). Students are left with the option of dropping and leaving school. Even after receiving some financial support, such as scholarships and grants, students have limited amount of money to pay off their expenses. At the start of their college career, students apply for the colleges they would like to go to, and many forget about the financial decision that is required to pay for college. “A 2010 study on more than 200,000 freshmen at four-year colleges, more students rated themselves as below average in emotional health than ever before. The financial stress of worrying about their college loans and whether they’ll find a job after college and the day to day stress of making decisions for themselves in all aspects of their lives.” (Allianz). Unfortunately, freshman students are the main group of college students that go through financial conflicts, leading to stress about how to pay for college. Some students choose to work their way through college. “Others decide they’d rather be making money working full time than pursuing a costly degree. Still others become discouraged at the prospect of incurring loan debt” (College View). According to Public Agenda, “Work is the top reason young adults give for not returning to college once they leave. More than a third (36 percent) of those who left school say that even if they had a grant that fully paid for tuition

The U.S. government has created a new strategy to make colleges more affordable for low income students. Federal student aid’s primary goal is to help as many students attend college as possible. Financial aid and Pell Grants help low income students who meet certain academic criteria cover the costs of tuition. Low income students are getting a chance to attend college and increase graduation rates from four-year institutions to help close the poverty gap. Colleges and universities should make low income high school students aware of programs that will help them enroll and afford their education. Schools teach low income students that college is a key to their financial independence and a better life. High schools teach Seniors that in order to improve your social standing, employment options and salary expectations, a college education is often necessary. Financial aid is central to the successful enrollment and retention of low-income students. The majority of these students (90 percent) getting financial assistance from government. By maximizing Pell grant award amounts for low-income students, reforming the student loan program, and eliminating bank subsidies, colleges and universities can be affordable.

“The benefits of post secondary education are well documented and have major implications for economic growth, equality, and social mobility” (Dominguez). This was reported by the white house on January 2014. Many others can agree education is the key to a healthier economy. But lately, students throughout the United States have been struggling to pay the expensive tuition fees that tag along with having a college education. These expensive college costs have been largely debated and constantly listed as a national concern for middle class families all around the US. Many believe free tuition is the solution to our country’s trillion debt problem, but with our economy on the

Degrees are one of the most important documents in todays society besides the constitution. Almost all americans will go to college and get a degree for the occupation they are interested in. Without a tuition todays society wont be getting bigger rather, smaller. The tuition cost has gone up 2.8 percent in the past decade. States have cut spending costs to higher education. More recently states are slowly making college tuition more affordable using the limited amount of tax dollars to help lower the cost. Minnesota for example, has created a law that has made community collage almost free, the new law allows students with financial aid which might not pay all of the tuition, force the state to pay for what the finical aid can not. Some have

The rising tuition cost is a major problem for students seeking a higher education. Many students that are accepted into the first choice college do not end up going to it. Some colleges are reportedly only seeing 20% of the accepted students enroll (D’Andrea). The high tuition costs are effecting many of the students in a negative way. Although seeking scholarships and financial aid is among one the first things students are urged to do when going to college, many students don’t receive financial aid. It could be due to the family’s high economic status or even the low grades that look bad on a student. Those students who do not receive financial aid are forced to look at alternative options to pay for college. Sometimes, in the process of looking for an alternative the student could end up with a serious problem. A popular option is to take out student loans. This is a popular option since students do not have to pay back the loan until after graduation. However, in

Usually after six months of one’s graduation, students are required to repay federal and private loans with interest. Conversely, college tuition has greatly increased throughout recent decades. Written in the article “Student Loans,” “A report by the National Center for Public Policy and Higher Education notes that overall, college tuition and fees in the United States rose 439 percent between 1982 and 2007. This means graduates often find themselves saddled with enormous student loan debt they may not be able to repay.” Amongst younger generations, Student loan debts has only gotten worse over the past years. The only options available for students pursuing a higher education are to get a part-time job and pay for their education out of pocket. Yet even when financial aid is added, education debt is still a burden amongst many students and young graduates. In the following article “Student Loans” the author reported “In 2011, the average graduate contended with $24,000 in student loan debt. Youth unemployment hovered near 18 percent, and of the college graduates who did find employment, many found themselves ‘underemployed’.” This further examines, the excessive amount of

Many experts believe, as college and university enrollments mushroom and tuition rates soar, the crises of student debt in the higher education system will continue to grow. College tuition from 1982 through 2005 exploded 375 percent, nearly four times the inflation rate, and continued to rise four to eight percent every year since. As a college education becomes more unaffordable, many are left searching for other means for paying for a college education such as, federal grant and loan programs as well as private loans. Meanwhile, low income families can expect to receive some aid to help with cost of tuition, it does not always cover all the cost. Consequently, middle income families are usually just outside the aid income range and will usually have to pay the entire cost of tuition themselves.

The cost of tuition for college is constantly on the rise, the higher the tuition climbs the less students that will be able to attend and further their education. This is an ongoing problem in the education world, if the cost of tuition isn’t reduced then eventually the world will have very few educated people in the general public. Without educated people in the world technology, medicine, and other areas of expertise will suffer and no longer progress to bigger and better accomplishments. The world is very demanding place and it takes an education and hard work to make it in this world today. Many people are hard workers although not everybody can afford education. Which is why so many ask if the cost of education for a better job is worth

“The cost of college tuition and fees has continued to increase faster than the rate of inflation” (Gormus). College is an opportunity for many to further their education and pursue their dream careers. Unfortunately many can’t attend due to the fact that tuition is so high, and those who do attend are graduating with massive amounts of debt. Students are not using the resources they have such as applying for scholarships or grants to help pay for the cost of college and believe that once they have their career they could pay it off. However that's not the case, instead of achieving their career and paying off debt as intended, students are struggling to stay in school and pay off loans altogether. However, there are solutions to this predicament.

Financial aid can assist with affording college (Mooney 8), however the cost of college is aggrandizing and there are plentiful obstacles of financial aid. A record share of students are departing college with a substantial debt burden (“Pew Social”). The reason is because students loans are tough to pay back. There are a lot of diverse types of financial aid available to students (Mooney 8). Grants and student loans are a few of the diverse types of financial aid. Acquiring financial aid is not guaranteed (Mooney 10). Financial aid can assist, yet it is not always guaranteed for a student. Financial aid can assist a lot, however there are various drawbacks and

The cost of tuition for higher education is quickly rising. Over half of college freshmen show some concern with how to pay for college. This is the highest this number has been since 1971 (Marill and O’Leary 64-66, 93). The amount of college graduate debt has been rapidly increasing also. With limited jobs available because of the high unemployment rate, college graduates find themselves staying in debt even longer. Although grants and financial aid are available to students, students still struggle to pay for their college tuition. Higher education costs are prohibitively expensive because the state’s revenue is low, the unemployment rate is high, and graduates cannot pay off their student loans.

Higher education is important and many students do their best, take courses they need. When a student finally graduates college, they become so excited to apply what they have just learned in college to their chosen field. However, one problem occurs after graduation students realize that they have a high student loan. Student loans are huge in today’s society and many people try to find ways to fix student loans. Student loans can be fixed by having a financial aid to low-income students while having free tuition for other income students, having consequences for failing a class.