Cost Of Tuition

While this is often true, it can create problems when a student does not have the money to pay for a quality education. The cost of college has risen an estimated 250-500% over the last 30 years while consumer price index has only increased by 115 percent during the same time frame (White, 2015; Eskow, 2014). The amount of student loan debt is increasing, along with the cost of college. The income of many young people today cannot keep up with the rising costs of college education and housing. Part of the problem with student loan debt begins when students choose to attend a college that exceeds their financial resources and rely on federal student loans as well as private student loans to make up the difference. Eskow found that even public colleges and universities are becoming difficult to pay for without taking out student loans often averaging $30,000 for tuition, room, and board (2014). Since many people do not have enough money to cover college education expenses, they rely on student loans, both federal and private, to fill the gap. Financial advisor Ramsey stated that often the loans students take out pay “for an off-campus standard of living, and no debt was needed to get the degree” (2013). “The Project on Student Debt reported in 2013 over ⅔ graduating seniors were leaving school with student loans” averaging approximately $28,400 (White, 2015). Taking on almost $30,000 in debt before even starting a career can have a significant impact. It can force people to get a job just to pay off the student loans, not based on what they got an education for prepared for or what they studied. This also can cause a setback in future plans, having to delay many adult milestones due to lack of

Some people think that getting a college education is not really a good idea anymore. According to Abel and Deitz, “In recent years, students have been paying more to attend college and earning less upon graduation—trends that have led many observers to question whether a college education remains a good investment” (2014, p. 1). If the student cannot find a job that pays a decent amount of money, after graduation why should the government ‘fund it?. College costs are rising each year. Future generations may not be able to go to college because tuition will be too high. But Abel and Deitz

In order to be successful in the workforce, having a powerful career there are things needed like higher education. Graduating from college is essential to finding a successful job, since more jobs are making college degree a requirement, more people are going to college. The problem is the cost of going to college outweighs the earning from the career you obtain. Very little people are able to pay for college out of pocket. In 2014, 42% of undergraduates paid for college out of pocket (Sallie Mae). The result of this is that students seeking higher education are forced to take out loans. On average, college students borrows $25,000 to earn their degrees (Alexandria). I just don 't get the concept of college tuition or student loans. It

A lot of people will argue, that college is too expensive. Not everyone can go to college, for financial reasons. Also, they may get into college, but end up having to leave because they cannot afford the remaining balances; or, they received financial aid, but end up having to take out loans they are going to be paying back forever. It is like once they graduate they will be working mostly to pay off their student loan debt. This also discourages some students. In some cases, they will not even take the initiative to try because it is so costly. I do not understand why it cost so much to want to better yourself, and possibly put us in debt for the rest of our life just to receive a higher education. Not only has the cost of college risen over a period of time, but it continues to go up. Yes, they have alternatives for paying student debts, but what if you do not qualify? Lastly, you are not guaranteed a job just because you graduate and have a college degree(s).

College is a dream that almost every American wants to come true, however, with the extreme rise in the costs of tuition it is a dream that has quickly turned into a nightmare. “Tuition at a private university is now roughly three times as expensive as it was in 1974, costing an average of $31,000 a year; public tuition, at $9,000, has risen nearly four times,” (Davidson). “For the average American household that doesn 't receive a lot of financial aid, higher education is simply out of reach,” (Davidson). That is why many students have begun questioning the worth of a college degree and if the amount of debt that is received upon exiting college is all for the better. And considering that costs have risen much faster than the rate of inflation, many are starting to believe that college just isn 't necessary any more. However, according to White, economically, the answer would still be a yes. “While unemployment rates for new grads and experienced workers alike have fluctuated throughout the recession and recovery, the earnings premium that college-and advanced-degree holders enjoy over their peers who didn 't attend college has remained relatively stable, and in some instances, grown, according to the report that was released this week,” (White). A study was shown that many college grads are able to get earnings that are significantly higher than those who did not get enough education or only hold a high school diploma (White). Even

College is a very important stepping stool to your future, too your life. Others might say it’s not worth the money, that plenty of people were successful without college, I disagree. Only very small hand full of people make it without a degree.

Not only does a high price tag discourage many from pursuing a degree, but it can affect unemployment as well. The Baby Boomers are reaching an age where retirement is an option and will leave the workforce up to the younger generations. This will be a big blow for the economy if America does not increase participation in the workforce. Unemployment will increase tremendously if the output of college graduates isn’t reaching needed levels to balance the shift out. The amount of student loan debt is at $14 trillion and is continuing to increase. There are 44.2 million American students who have an average $37,000 in student loan debt. Student loan debt can impact major financial decisions for the student whether it be to purchase something like a car or house. Seeing the hefty price tag of a college education can deter many from pursuing a degree. Paying off college can be a real struggle if the student is not from a wealthy family. Some families can’t even provide food to feed themselves. Everyone should have the opportunity to pursue a higher

According to College Board, “The median income for families headed by a bachelor's degree holder was $100,096 in 2011—more than double than that for a family headed by a high school graduate,” (College Board). Though this is a valid statement demonstrating the economic benefit a college education in the long run; College Board does not take into account the initial price tag of what it takes to attend college in the first place. According to ProCon.org on the topic of college education, “Between 2003 and 2012 the number of 25-year-olds with student debt increased from 25% to 43%, and their average loan balance was $20,326 in 2012--a 91% increase since 2003,”

Undoubtedly, college is expensive for students because many students cannot afford to pay their tuition from their wages and salaries. According to Matthew Reed, and Debbie Cochrane, “69% of graduates from public and private institutions accrued a student loan debt with an average of $28,400 per student.” Next, the graduate will start to pay back loan with installments; as a result, the balance will accrue interest which means the student debt will increase. Regardless of employment status, a student loan has to be repaid, yet employment is not guaranteed upon completion. Many graduates struggle to get jobs because they lack the experience which is needed by the employers, so some graduates will become jobless, while others

Is College Worth the Cost? As college approaches many high school students, the ideas of time, debt, and rigorous education approach them as well. The fact that many people can’t afford college led to the question of whether college is worth the cost. On the other hand, many arguments support the thought of college and the benefits it can bring.

The cost of college tuition is increasing exponentially ever year. Students have to pay for a number of things besides the tuition for inference books, dorms, fees, tutor, etc on top of their everyday living expenses. At this rate college tuition will be far beyond the reach for the average person. The inflation raises numerous of questions. If the recession is not getting better why do schools continue to increase tuition? What can be done so that the college tuition won’t be so far out of reach that the average person won’t get no higher education than a high school diploma.

For decades the price of a college education has increased dramatically. Therefore the debt on college students has also increased rapidly on an average of seven percent a year. This high debt as well as extreme interest rates combined with the lack of well/good paying jobs is leaving United States(US) students with severe debt. If the price of college was more affordable for the average person, there would be less educational debt in the United States.

For preventing the costs of tuition in the United States from being a burden to the youth attending these well-known universities, and for making them beneficial to the public and the country as a whole.

Is college really worth the multiple years of schooling paired with the ever-increasing debt that students have to repay after they graduate? A record 18.4 million students applied to colleges in the U.S in 2009. Tuition, however, typically rises each year at a rate that surpasses the rate of the Consumer Price Index. Critics find it unfair that students have to pay tens of thousands more for an education than people did decades ago. Most students will use some type of loan for an average of 23% of their education, despite the fact that loan distributors are closing at an alarming rate. Some students will even resort to using credit cards to repay their debt, and on average, 66% of graduates have outstanding debt. In addition, unemployment

In most cases the cost of college is significantly greater than the potential salary that can be expected after college (Ramsey, Why Student Loan Debt is STUPID). Not many students can afford to pay the cost of college out of their own pocket; tuition, books, supplies, living expenses, food, and transportation. It has been approximated that