Critical Analysis Of College Cost Are Out Of Control By Jessica Dickler

One of the culprits hindering higher education for Americans is the tuition rates. A report by the Delta Cost Project indicates that if tuition had grown in pace with inflation, the average tuition at in-state public colleges would only have been $2,052 in 2010. The actual price of tuition was around $7,500, and it is increasing at around 5% per year, about twice as fast as the rate of inflation. Whereas everything else in the economy doubles in cost about every 32 years, college costs have been doubling around every 15 years. In a paper published by the National Bureau of Economic Research, titled How the Changing Market Structure of U.S. Higher Education Explains College, the author, Caroline Hoxby, states that universities have little incentive

In the article, The Real Reason College Tuition Costs So Much by Paul Campos (2015) explains the motives why college tuition rose so much over the last decades. In the years where baby boomers went to post-secondary education they had summer occupations to be able to afford college, but after a few decades, the funding that was open to the public for institutions were reduced. Consequently, cuts were in-forced, the forms of higher education have been rising year after year. Furthermore, over the last twenty years more people have been going to college, for example, since 1995, the number of scholars that have enrolled in graduate and undergraduate curriculums have amplified by approximately fifty percent. Also, the earnings of professors have

Statistics exhibit that majority of people are unable to pay for their further education. Pew Social and Demographic Trends state, “A majority of Americans (57%) say the higher education system in the United States fails to provide students with a good value for the money they and their families spend.” Tuition rates for colleges hyperbolizes its values comparatively to the money families spend. It also proclaims, “An even larger majority- 75%- says college is too expensive for most Americans to afford.” College snatch away the money of American families at a value too high and too much for the average family to spend. Not only does college seize the money many family don’t have to begin with, but it forces families to go into debt. Working extreme hours and trying to pay for college wearies the family’s way of living. According to Pew Social and Demographic Trends, “A record share of students are leaving college with a substantial debt burden… about half say that paying off that debt made it harder to pay other bills… about a quarter say it has had an impact on their career choices.” Debts triggers a person to change their profession and causes hardships to their life in the future. High tuition rates and debts stir students away from college and jobs that they truly want. College acquire families money at an

In the New York Times article, “College’s High Cost, Before You Even Apply,” Tara Parker-Pope argues that the high-stress atmosphere of college application season experienced by high achieving students is detrimental to many aspects of student’s lives. Tara weaves the impressive argument that for many students, college admissions; especially to selective universities, may seem to hold a golden ticket at a terrible expense. Health, happiness and mental stability to name a few. These detrimental issues brought on by higher education woes are problems that escape J.D. Salinger’s protagonist in his most famous novel, Catcher in the Rye. In a sharp contrast to Holden Caulfield, The New York Times article features high-achieving students rushing into adulthood through a high education medium and are convinced that college acceptance is a precursor to a fulfilled career and a successful

The expanding gap between the cost of college education and the growth of household income is also putting a restraint on the higher education ambitions of many American families. Amid 2000 and 2013, the average level of tuition and fees at a four-year public college rose by 87 percent; during that same period, the median earnings for the middle fifth of American households grew only 24 percent. That's a tendency that education researchers predict isn't sustainable. This gaps represents a a variation in the idea of college education from a social to an individual

It is quite obvious that receiving an education beyond high school is very expensive, but why? The cost of college has increased to more than half of what it was thirty-five years ago. Paul F. Campos, in his article “The Real Reason College Tuition Cost So Much,” scrutinizes the reasons why the price of college has gone up so much, and who is to blame for the problem. In his article, Campos answers his question of why higher education is so pricey now compared to then and explains the reasons behind this insane rise in tuition cost.

Tuition rates have been on the rise since the start of colleges. In 1988, the average college tuition was about $2,800 for a year of schooling. In 2008, that number had risen 130% to nearly $6,800 for one year; according to Annalyn Censky of CNN Money, if the average income had raised the same amount, median family earning would be roughly $77,000 a year, instead of the current $33,000. Americans are making $400 less on average than they did in 1988 says Censky. Over the past twenty years, college has risen 5% of the median family income from 12% to 17%; private colleges went from 27% to 47% says Economist.com. (1 SV; SV.) Tuition isn’t the only thing rising at colleges: room, meals, books, and other fees are rising as well. (4 SV: A,B,C,D.) This also takes its toll on families as well as the students themselves. Many students

In her article “A Lifetime Of Student Debt? Not Likely”, Robin Wilson discusses how expensive a college education has become. Wilson notes, “It used to be that, 10 to 20 years ago, if you went to a four-year public institution, had a low to moderate income, and worked a reasonable amount part time in school, there was enough aid. And public institutions were better financed, so you could come out with no debt. That same student now would have to borrow to get their

Since the mid 1980s, student fees have increased at a rate approximately double the rate of inflation (Hauptman, 1997, p. 24). A 1996 study by the General Accounting Office indicates a 234 percent increase in tuition and fees at public institutions and a 220 percent increase at private universities since 1980. This compares to an 80 percent increase in inflation since 1980 (Barry, 1998, p. 39). Families today spend a considerably larger percentage of their family income on college than families two decades ago. In 1979, the average four-year tuition at a public college consumed approximately 36 percent of a family’s annual income, while a private university consumed 84 percent. By 1994, the percentages jumped to 60 and 156 respectively (Reiland, 1996, p. 36). In addition to increases in tuition, an attitude shift in regard to paying for college contributes to the problem of financing higher education. Parents today are more likely to budget college expenses out of their annual income instead of from savings, and students are expected to contribute more to financing their own education than in the past (Kiesler, 1994, p. 67).

So it’s not that colleges are spending more money to educate students, it’s that they have to get that money from someplace to replace their lost state funding; and that’s from tuition and fees from students and families (Sanchez 1). While most institutions tried to keep costs down, some took advantage of the public perception that a high tuition means a quality education (Sanchez 2). The problems that students face now are rising tuition, increasing loans and lacking financial aid to compensate. The fastest growing income for public colleges and universities in our country is tuition. Most students must take out loans to make it through college now.

Colleges are noticing a drop in students’ interest in a higher education, because it forces them to fall into poverty. Obtaining a higher education is a dream of many working class citizens, but the price to go to a choice college is not available economically. The majority of students use some type of student loan, they have become the norm for attending college (Johnston, Roten 24). College is becoming unaffordable to many lower class students. With tuition prices this high, students are backing out of school and looking for jobs that only require a high school diploma. Student loans should help people, but it is only hurting them because they feel like they can never repay it. Especially since student debt continues to rise. “Student loan debt rose by 328 percent from $241 million in 2003 to $1.08 trillion in 2013, according to the Federal Reserve Bank of New York” (Johnston, Roten 25).

Every year it seems that the costs to go to college increase; whether that’s because the economy is in a decline or that these schools feel like they need more money each year. Over twenty-five years cost of loans and amount of loans needed have tripled, “In the early 1990s, fewer than half of students needed loans before they could walk across the stage to receive their diplomas. These loans averaged below $10,000 in constant dollars, which is about one-third of

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.

In order to remove any of our biases and improve our country’s cultural ideals we must understand the reasons why change is necessary. One of the most important reasons is the rising cost of higher education. In a 2015 New York Times article, Paul F. Campos explains, “If over the past three decades car prices had gone up as fast as tuition, the average new car would cost more than $80,000” (Campos). This is an important facet of this discussion that must be considered thoroughly, because anything that changes as drastically as higher education has should be at least analyzed. Part of the reason why college prices are rising is because we are teaching our youth that going to college is necessary in order for them to be successful. The New York Times article also states, “Enrollment in undergraduate, graduate, and professional programs has increased by almost 50 percent since 1995” (Campos). This emphasis on going to college creates a higher demand for getting into college, and as many people who have a basic understanding of economics know, as

David Leanhardt a correspondent for the New York Times stated in The College Dropout Boom that often times the thought of high tuition prices scare students away, especially lower-income students, before they even think about attending a college (92). And there is good reason for this. With the average four year degree costing $91,304 at public colleges and $179,000 at private universities (Merrow), tuition prices are ridiculously high. How are people expected to get an education with school costing so much? In the article Angela Whitiker’s Climb Isabel Wilkerson tells of Mrs. Whitiker’s near impossible climb out of poverty and into the upper-middle class. Ms. Whitaker, faced many struggles on her way up the ladder, but she worked hard, and eventually she wound up on top. Still through all of her hard work she could not have gotten to where she is now on her own. She needed someone to support her and her family emotionally, physically, and financially just for her to graduate with an Associate’s degree (202-16). It took a lot of time and effort for Mrs. Whitiker to get out of the place she was born into, and at times it looked like she would never get out, but she pushed forward, and lucked out. Most people don’t have the drive Mrs. Whitiker had, many students simply leave college when they begin to feel the pressure. In a study over college students, Merrow found that