Financial Aid Advantages And Disadvantages

In 1980, the average cost of tuition, room and board, and fees at a four-year institution was $9,438, according to the Department of Education. Today that amount will not even cover room and board. Our education financing system is broken and needs to be addressed.

College has become a norm in today’s society so much so, that the average costs of higher education are not really discussed. A public two-year in-district college was $3,520 for a full-time undergraduate student in 2016-2017 (Baum 68). Baum also declares that a public four-year in-state undergraduate tuition was $9,650; a public four-year out-of-state college cost $24,930; a private nonprofit four-year college costs $33,480; and a for-profit college cost $16,000 for that same school year. (68). Across the nation, figures will vary because of the obvious geographical region differences, but also because of price discrimination. Price discrimination allows institutions to discount their prices for a lot of students (Baum 79). Institutions do this based on individual student circumstances, and it segments the market. Institutions

In addition to my experience in advising and student affairs, I have also worked as a professional in financial aid for the past eight years. During my time in financial aid I have seen first-hand the challenges students face with the cost of obtaining a higher education degree. My role in financial aid has evolved over my career while exploring the theoretical

Compared to just 10 years ago, in-state public university tuition has risen a dramatic increase of 40% — about $2700 (“Tuition and Fees and Room and Board over Time”). At the university level, in-state college is the cheapest option. However, in regards to the inflation of the decade, only 15%, university tuition is substantially higher for families today (“Archived Consumer Price Index Detailed Report Information”). Students and families are now paying a 25% higher price for in-state college than those just 10 years ago. Consequently, this has

Research indicates a steep upward trend in the cost of higher education throughout the 20th century. In recent decades, America has witnessed a widening gap between inflation and tuition. An incoming freshman at a typical college incurs charges for tuition, university fees, books, room and board,

Since 1974, tuition has been on the rise and has reached new heights. One reason why tuition is increasing is because of “the state governments’ unwillingness or inability to raise per-student financing” (Davidson). The government is spending less on college and moving those funds into other categories, such as the military. Furthermore, colleges are spending less on each student than they did during pre-recession (Fox). Even after the recession, the government is continuously cutting more and more from education funds. As the government cuts more from education funds, tuition cost will steadily increase to compensate the loss. Tuition increased from 1994 to 2015 is depicted in the graph on the next page. Drawing a conclusion from the graph, it is possible that if this trend continues, public colleges will approximately reach the same price as private colleges one day. The amount of financial aid given is unable to meet the needs of lower income students,

Over the same period, in state tuition and fees at public four-year institutions increased more than two hundred and twenty percent from $2,175 to $7,030. ( Marcus, J). This suggests that less money is being spent on students education and more is spent on non instructional activities, such as administration and faculty research. Rising government bursary have increased the quantity of education request. This means that the rising cost of a college education is due in large part to the increased financial aid available rather than any general improvement in the value of

I am a young African American female who is exploring my choices after high school . I have came across many colleges and universities that I find appealing to the eye. However , attending these schools have various expenses. Tuition , room and board, and books can be quite expensive. Having an education plays an important role in assisting someone with financial expenses for school.

One of the biggest challenges college students face today is debt associated by student loans. Nearly every college student will graduate with debt unless supported by academic or athletic scholarships, grants or financial aid. This issue can be addressed by encouraging students to pursue scholarships, and applying for financial aid. Though not all scholarships are capable of fully funding a student's tuition, most can help provide for fees, books, or housing. Many websites and counselors are open to providing scholarship opportunities to students who seek it. Applying for smaller scale scholarships often can result in a larger amount of money than at first anticipated. Applying for large scale scholarships are worth the time that is spent

The US government provides over 150 billion dollars each year to the students’ financial aid. Financial-Aid is one of the most reliable sources for low income students. More than half of College and University students take financial aid for the first bachelors’

The impact of higher tuition rates on students has been significant in that the burden of paying for college has fallen increasingly on them. Furthermore, it is not only the cost of tuition that is rising. Students are also faced with rising costs of housing, textbooks, and other essential expenses associated with attending college. From December 2001 to November 2010,

Despite the increase in full tuition—a seemingly unaffordable sticker price for students of low socioeconomic status—net tuition, or the price after financial aid, hardly changed. Federal financial aid issues federal, state, institutional, and private grants and scholarships as well as subsidized loans to help many students cover the cost of tuition and other expenses like housing and textbooks.

The United States Government should ensure students are debt free. “According to the College Board, the average cost of tuition and fees for the 2016–2017 school year was $33,480 at private colleges, $9,650 for state residents at public colleges, and $24,930 for out-of-state residents attending public universities.” (Klijn, J.) The tuition for colleges have increased tremendously over the years, making it harder and harder for many students to pay and attend for 4 years. “Average tuition at public 4-year colleges was $7,600 in the 2010 academic year, up from $2,100 in 1980,” the report notes, while “average tuition at private 4-year colleges nearly tripled in a generation, increasing from $9,500 in the 1980 academic year to $27,300 in 2010. At the same

The FAFSA is a good indicator of an average family’s ability to help pay for college, however, it does not work in situations like mine. I have had a serious medical condition that has had me in and out of the hospital since I was twelve and has caused me to miss quite a bit of school. This last summer I traveled to Ann Arbor, Michigan where I had an aortic patch plasty, which required me to be in the hospital for 56 days, when I was fourteen, I was the 26th person in the United States to have their renal arteries replaced. This condition has put a major financial burden on my parents causing them to take on multiple jobs to pay for the medical bills, which also makes it so that I do not qualify for financial aid. Although, I tend to keep my

Presently, the availability of educational opportunities at the college and university level is a critical state and personal interest given the needs of the state for a well-educated workforce which has never been greater. Too many, the focal point of attending college is receiving a high paying job in the future. Unfortunately, in most states, tuition is on the rise and students who come from low-income families find themselves struggling to fund their education. According to legislatures, “The cost of college in New Jersey, as in the nation, continues to grow faster than the rate of inflation.” (State of New Jersey 1). In the national financial aid policy resources that are typically given to the neediest families are shifting towards