High Cost Of Higher Education

College tuition has been an increasingly intense topic of discussion over the years. The costs of higher education have been debated by many people, and it has been discussed as to whether costs are becoming too high for students to afford. College has become more and more popular, and now as many as 20 million students attend universities reported by The National Center for Education Statistics (1). The value of a college degree is immense, but college tuition is becoming too expensive for students to afford, and furthering the problem are students’ lack of knowledge on how to pay and earn money towards their college degree.

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,

There is no escaping the fact that the cost of college tuition continues to rise in the United States each year. To make it worse, having a college degree is no longer an option, but a requirement in today’s society. According to data gathered by the College Board, total costs at public four-year institutions rose more rapidly between 2003-04 and 2013-14 than they did during either of the two preceding decades (Collegeboard.com). Students are pressured to continue into higher education but yet, the increasing costs of books and tuition make us think about twice. Sometimes, some of these students have to leave with their education partially finished, leaving them with crushing debts. It is important to find the means to prevent these

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

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).

Whether a student is looking to stay in-state or move out, the cost is still very high. According to College Board, expenses, on average, to attend a 4-year university add up to around $9,000 a year for in-state residents. Triple this amount and non-residents must pay that. Private school expenses tend to add up to around $35,000 a year (College Costs). During the 1995-1996 academic years, 66% of four year students in public institutions received some form of financial aid (Losco). Although the financial aid sounds like a good plan at the time, it causes the ones who take aid to being their adulthood in a large amount of debt. Even though there are a number of scholarships and financial aid programs available, each student must qualify and meet certain requirements that are not always met.

There are many factors that contribute to student loan debt some of which are, increase in tuition, out of state fees and private colleges. In fact, the cost of education always rises faster than inflation. The cost of operating a college is getting higher and at the same time, governments are contributing less money. State support for public colleges and universities has fallen by about 26 percent per full-time student in the last 20 years. (Luzer) For the 2011-12 academic year, average tuition and fees range from $2,963 per year at public two-year colleges and $6,604 at public bachelor’s colleges, to $35,195 at private doctoral universities. In 2015-16 the cost of a four-year private school was $32,405, and $43,921 if you add on fee, room and board. (Tuition and Fee) The cost of tuition will inevitably raise due

Private universities do not receive state funding, so they rely on the tuition of students and the private donations to fund the school, so they tend to be higher in costs than a public college. At a Private college, in 2016, the average cost to attend for the school year would set you back about $33,480; that would be $16,740 for each semester and that would also depend on the major you choose. Whereas, at a public university, they receive state tuition so that helps the students who have a lower income. At a public university, the in state tuition would only cost you an average of $9,650, and the out of state is still less at a whopping $24,930 a year. Paying for college can be a stressful time, but you can receive grants and scholarships to help make the time a little less

In the recent past, the cost of post-secondary school education has rapidly risen in America. An adjustment of the financial aid that comes from both state and federal governments indicates that the cost of university or college education has surpassed that of health care and even inflation (Casselman, 2012). Some of the facets that have led to the increasing costs are state and federal revenue shortfalls and wrong use of cost offsetting. A recent article published in the Wall Street Journal indicates that students across America are plunging into more debt due to loans taken to pay their college education. Considering that America has experienced severe shortages of employees in the science related courses, rising costs of higher education continue to create more concern. The issue of cost has also featured in the current American primaries with presidential hopefuls like Hillary Clinton discussing the possibility of cheap or even a free college education. On the same note of costs, the following paper is a review of an article by Baum, Kurose and McPherson, ‘An overview of American higher education’, published in the journal of the future of children.

Being able to attend and graduate college is a dream and the next step in life for many students. However, going to college and finishing school are two completely different things. There has been a decrease in students who completed college. Researchers are wondering, what is causing students to not finish schooling? There are many reasons and questions to why it could be affecting the completion of college rates. One of the main issue is the skyrocketing cost of college tuitions. Majority of students are having stress and anxiety for not being able to afford college. This result in having to take out a student loan and having to pay thousands of dollars after they graduate. The last thing students want for their future is having to work

The cost of attending college has risen drastically over the years. Statistics show that there has been a 260% increase in tuition costs since 1980. The increase in tuition cost equates to an increase in money borrowed to fund higher education. An increase in money borrowed results in an increase in debt accumulated over time. As a result of the rising figures, the economy as a whole has also suffered because of the restricted financial space many graduates find themselves in upon completion of their degree. In this paper, we will discuss college costs, reasons why they have risen, and the best way for students to pay for it.

This paper was written to explain why the cost of higher education is too high. The first main point of this paper tells about how students are left with a significant amount of debt after college and how it is difficult for students to find employment after completing college. Also, providing a source with details on how much total loan debt the students have not paid. The second main point describes how prospective students have the opportunity to apply for grants, scholarships, and loans, but the cost of higher education excludes most of the medium and lower class incomes, on the grounds that they do not qualify for the grants and scholarships. Then the third main point explains how it is difficult for parents with more than one child being able to afford to send their children to college. Also, including a source that gives advice how to start saving money to go towards their children’s

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.

The increasing cost of higher education in the United States has been a continuing topic for debate in recent decades. American society emphasizes the importance of education after high school, yet the cost of undergraduate and advanced degrees continually rises at a greater rate than inflation. According to the Advisory Committee on Student Financial Assistance, cost factors prevent 48% of college-qualified high school graduates from pursuing further education (McKeon, 2004, p. 45). The current system requires the majority of students to accumulate extensive debt with the expectation that they gain lucrative post-graduate employment to repay their loans.

Studies show that the cost of higher education has jumped more than 538% since 1985. This means that the cost of higher education is almost 4.5 times as expensive as it was back in the 80s. The average cost for all institutions in 1981-82 was $3,489 compared to what it was in 2011-2012 at $19,339. Four-year institutions increased from $3,951 to $23,066 and two year institutions increased in price from $2,476 to $9308. Yearly increases in college