Cost And Benefit Analysis Of College

If you were to by chance walk into a normal, bland Economics 101 class, you are almost destined to overhear a professor speak about one of the most important cornerstones of basic microeconomics, opportunity cost. By definition, opportunity cost is what one forfeits in order to pursue something else. A big decision of life that exemplifies the exact definition of opportunity cost is when teenagers go to college. Instead of getting a job at a low level right out of high school, many of todays concerned teens are giving up their ability to immediately labor for income and instead go straight to college in hopes of obtaining a higher level occupation. The concerning question on the mind of unknowing newcomers to the real world is, however, if college is all that it’s built up to be. The fact is, if you look at attending college in the long run, the ability to conceal a high paying job by the time of graduating is very high, making the opportunity cost very worth it.

Courtney Munna, a graduate of the prestigious New York University, has found herself $100,000 in debt at age twenty six. The photographer’s assistant has a degree in Religion and Women’s Studies, a program in which the cost is high, yet the value is not. Virtually no career paths exist that would compensate for Munna’s major investment. Munna’s education costs her $700 a month, and she states her regrets of the overpriced degree, “I don't want to spend the rest of my life slaving away to pay for an education I got for four years and would happily give back." While Munna’s sizeable loss can be attributed to her poor choice in degree, the all-encompassing trouble lies in the increasing need for student

The drastic and exponential rise in college tuition and fees has thousands of Americans questioning if the education is worth the high costs. Knowing that a college education may open doors and allow for career opportunities that would not be there without a college degree, many feel pressured to attend. High school seniors specifically feel this pressure as the topic of whether or not they want to attend college and where comes into question. Not only do students have to be concerned about if the college they wish to attend has particular degrees, but also the cost of the secondary education. As a senior in high school I personally understand the frustration in considering the cost of college when choosing the right college to attend. Student

The cost of attending a four year college has increased by 1,122 percent since 1978. Many people cannot afford to pay large amounts of money for college, whether be for themselves or for their children. Some families cannot pay for their children to attend college although they may be able to succeed in their classes. Making college free and available to everyone would give more opportunities for people to

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

income family cannot afford the typical university or community college tuition. He describes key ideas on how to make college more readily available the average student in American. Although, in the article Steve Cohen uses some ambiguous language in his key reasons the conclusion to his issue is very convincing.

Why should college not be worth it for you? Like every year 1000s or more student try to attend colleges. They want to achieve their goals by joining the first choice colleges. I want to go to my first choice college, Sam Houston State University. Every year student struggles to get scholarships, loans just to attend colleges. Which present that the college I something that is worth of your time and create some real life experience for students.

With the increase of college tuition, many students and their families are struggling to afford college and repay its debt. Over “44.2 million Americans have and are struggling to pay off student loan debt” (Student Loan Hero). There are ways to afford college, such as scholarships, loans, and grants. Unfortunately, not all students qualify for these types of financial aid. There are still “up to 40 percent of low-income students who are accepted to college in the spring [that] never make it to the first day of class in the fall.” (The Hechinger Report).

In the United States, a college degree comes with the promise of a bright future, but also the guarantee of an average of $33,000 in debt (Izzo). Many of us have hopes and aspirations to attend prestigious Universities across the country, but perhaps that dream may be more expensive than we envisioned. Costs of a college education in America have skyrocketed since 2005 (Izzo), and have left newly graduated students searching for help. In order to offer a helping hand to those affected by tuition costs, we must first look at the root issue: The high cost of tuition. Lowering tuition will not only save thousands of people from debt, but it will also boost the economy, and keep us competitive with other countries. The cost of attending college

“What do you want to be when you grow up?”-a lingering question posed to countless children time and time again. Some people find the answer immediately; others take a little longer, but eventually everyone figures out who they want to become. After deciding between traditional professions like doctor or lawyer, and unconventional paths like acting or farming, “grown-ups” are faced with an even more vexing query: “now that you know what you want to be. How will you afford to achieve that?. Since Gen X (the generation after the baby boomers) attended college, the price of tuition has increased significantly. In fact, “over the past 35 years, college tuition at public universities has nearly quadrupled” (Campos, 2015). This issue creates noticeable anxiety for college students who must struggle to find a method to pay for a higher education without falling into massive debt. The solution to rising tuition costs is far from simple and entirely political; however, there are ways for students to afford an

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

In the book it refers to opportunity cost. It gives an example about books and tablets. “… opportunity cost is what you give up when making an economic decision…If a society decides to produce more tablets, it gives up the ability to produce more backpacks.” (Chiang, 2008 p. 34). In opportunity cost something has to be given up to have more of a certain product. If the states give up money for college then they would most likely invest that money elsewhere. However, in some schools, money is given to the educational facility for the number of students that they have or that attend for that day. If the price is reduced for college then chances are attendance will be extremely high. If more students attend then the money that they will receive

Growing up I always saw college as privilege for the white or rich , this made me think that college was not a choice. When I transitioned from middle school to high school I was able to see that everyone has the opportunity to attend college, they just have to desire it enough. Given the financial situation that my family has been in since my Junior year, where I have been the only provider of income for the household since my mother has lost her job. This situation has made me reevaluate my ability to afford to attend college. By utilizing a cost benefit analysis I will be able to weigh the pros and cons of my situation to choose a path forward. I will analyze my monetary and nonmonetary costs/benefits of pursuing a further education versus going to work full-time. I have

For this discussion I chose the article about the University of California jacking up tuition fees. I This article is about how since the 2008 recession in America. The state of California among many others decided to raise tuition costs to try to average out the budget for other state operating ajendas. The article states that, “These days, tuition and fees in California's system --$12,192 for residents and $35,000 for out-of-state students-- are higher than the national average of $9,139 a year for in-state students and $22,958 for those attending out of state.” While these costs do seem extremely high at first glance, the reason behind the increases are due to other funding that has not been handled appropriately.

Despite all the benefits and the minimal research proven effect tuition rates have on students, a major issue that arises from this topic is the idea of the current national problem: student debt. Now although tuition costs play a role in the national problem of student debt, financial aid and admission policies should be examined and formed a solution to as well. Davidson claims that “problem is that [financial] aid is distributed unevenly”. Davidson reports that because public colleges “often behave like elite private schools, [use] aid to attract the best students, typically the ones who would probably go to a decent school without government support” (Davidson). There is an uneven level of distribution of financial aid because the “best” students are the ones receiving too large or too small financial support where as those really struggling receive the polar opposite. Also supported by Senior Economist at Consortium on Financing Higher Education, James Monks, reports that the problem roots back to financial aid policies and admissions. Monks claims that “meeting-full- need, limiting loans, and graduating students in high paying majors can have a larger impact on student debt levels than simply