Rise Of College Tuition

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

“College Prices Soar Again!” “Budget Cuts Cause Even Higher Tuition!” “Higher Education Now Even Less Affordable” These are all statements that have been seen all over the media: newspapers, magazines, television, and radio. (3 SV: SV) Rising college tuition in America has been a problem for years. Many students drop out after a single year due to the pricey costs of tuition. The rapid rise can be attributed to many aspects of the economy, not just a single source. There have also been some propositions of how costs could be lowered, but these have yet to be seen. The United States has gone into a tuition crisis.

The sudden rise of college tuitions began right after the recession in 2008. Many people lost their jobs, and their current jobs were not paying well enough for them to survive through this devastating time. More people turned to higher education and college tuition began to rise because obtaining college majors will guarantee a higher pay other than minimum wage. This downturn didn’t end here because over the years, tuition rose even higher. In 2014, the debt for college students reached to 1.2 trillion dollars, that is an eighty four percent major increase since the recession. It is very difficult for every individual to repay their entire college tuition on time because their job may be underpaid. If you begin to miss your monthly payments, there will be several consequences right ahead of you.

A major problem for today’s high school graduates is the rising price in college education. Attending college can add up really fast; it can cost up to tens of thousands of dollars per year (Barkan 1). No wonder, in Steven Barkan’s book of social problems, issues and problems in higher education take up a full chapter. In this chapter, Barkan states that only 44% of all students who attend a four-year institution is lucky enough to have annual tuitions and fees amount to less than $9,000 per year. The aggravating question is, “why does college cost so much?” Not only is tuition part of the cost of college but also fees housing and meals, books, school supplies, and accessories (“What’s the Price Tag” 1). All tuition covers is the money for academic instruction. Fees are charges for specific services such as, internet access, and then the cost of books and school supplies add up. Additionally, one is not paying just for textbooks but also

In recent years, the soaring cost of college tuition has angered many students and parents, leaving many wondering where they will come up with the funds to pay. While college is still a pretty sound investment for most career paths, the cost of an education has outpaced general inflation by almost double, leaving many families simply unable to shoulder the fiscal burden without incurring large amounts of debt. How did we get to where we are today? A big part of it has to do with how colleges themselves have changed and the ways our cultural outlook on higher education has evolved. More students than ever are heading to college, and expect better resources from schools each and every year. But have colleges gone too far? Part II.A discusses the history of congressional acts that have over the years increased federal educational spending while showing how college tuitions have drastically gone up. Part II.B examines how the continued investment in college at current and future prices will affect society. And Part II.C assesses different countries debt problems, why they are not in as much trouble as the U.S. and what we can learn from them.

Many college graduates are leaving college having to pay up to 25,000 dollars, which are causing many to have to depend on their student loans (Price 965). This is causing for the nationwide student debt to rise exceptionally with experts stating that the rise of higher college tuition is to blame (965). Price reveals that Jasmin Johnson had to drop out of college halfway to acquiring her degree because she simply could not afford the cost (967). He also mentions that many other students are like Johnson and are accumulating student debt without being able to acquire a degree (967). Price adds that "Total student debt this year hit nearly $1.3 trillion — up 350 percent since 2005 — and the ramifications are widespread" (967). In response to

The unattainable “American Dream” seems to be becoming even more of a fantasy as the rising costs of collegiate education deter many from pursuing higher education. Student loan debt is now creeping to an average of $30,000 and there appears to be no end to this rising number. Lower income families find themselves unable to send their children to college without a major financial impact. These kids who are hoping to get a degree of their own, to help support themselves and those they love, struggle to make ends meet as they pay off their loans. College expenses are far too expensive for students because scholarships lag behind tuition fees, the middle class struggles to receive the financial aid it needs, and universities in general believe that they can raise the price of tuition due to the increasing amount of government aid to education

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.

There is no doubt that the cost of attending college has rapidly increasing in the last few decades. The average cost of attending a top college is approaching a quarter of a million dollars. Phil Izzo (2014) analyze data of college graduate class of 2014 and found that the average 2014 graduate with student loans will have to pay back around $33,000. Even after taking inflation into account, that is nearly double the amount from twenty years ago. As the price tag rise and average salaries downgrade, forty millions Americans with student loan will most likely not be able to repay their debt. Moreover, the cost of university per undergraduate has aroused by almost five times since 1983; while on the other hand, graduate salaries have been level

College students all over the country are going through the tuition struggle, and they have every right to be angry about what they have to go through. In nearly 30 years, "tuition increased twice as fast as the overall cost of living” (Larson, 63). Just in the span of 1980 and 1990, the average cost of attending public and private university increased by 109% and 146%, ridiculously. Taking another look at these figures, a direct comparison can be made comparing them to other rises that took place in separate areas during that same given time. An example being the rise in medical care costs which was 117%, the cost of new homes rose to 90%, and the price of a new automobile went up 37%; simultaneously, middle class income only grew by 73% . The few capable of affording these ridiculous prices, are usually capable to afford to ignore them. However, the rest of us struggling individuals are forced to pinch pennies and are haunted by the desire of

The overwhelming cost for higher educational institutions is causing a huge concern over whether higher education will be an attainable financial concept to the ordinary student in the upcoming years. Many Americans now tend to believe that the path to obtaining a degree has turned into distraught with financial traps. Recent studies done by the U.S. Department of Education show that “college tuition and fees have ballooned 1,120% since 1978. A year of college tuition for

Many experts believe, as college and university enrollments mushroom and tuition rates soar, the crises of student debt in the higher education system will continue to grow. College tuition from 1982 through 2005 exploded 375 percent, nearly four times the inflation rate, and continued to rise four to eight percent every year since. As a college education becomes more unaffordable, many are left searching for other means for paying for a college education such as, federal grant and loan programs as well as private loans. Meanwhile, low income families can expect to receive some aid to help with cost of tuition, it does not always cover all the cost. Consequently, middle income families are usually just outside the aid income range and will usually have to pay the entire cost of tuition themselves.

College fee is the main factor that depends on which institution of higher learning that a student is likely to join unless awarded a scholarship. It directly depends on one’s financial capability. The poor afford the cheap and less desirable institutions that they can be able to afford while the rich can get access to high class type of education. Policies exist that govern the ability of institutions increasing their fees and at the same time federal government provides payment subsidy to students to make the education more affordable. Literature review Governments have shrunk their support for higher education. This decreasing support of higher education by the state governments is the leading factor that drives the rise in education fees at public colleges and universities. Another very important factor is the rising costs, faculty and administrators demand huge payment that are in turn offset by the students in so doing the college fees increases. Between 2000 and 2010 funds per student at government universities in America reduced by 21 percent. After the recession in 2008 higher education funding reduced by 14.6 percent before (Altinkilic & Hansen, 2000). Recent Bloomberg report shows that college fees have increased by more than 1100 percent over the last 30years, even though everything has gone up, tuition fees has gone at much higher percentage than other things. For instance, healthcare costs have gone up by half the

In the first chapter authored by Donald E. Heller discusses trends in the affordability of public colleges and universities. He attempts to challenge how college cost is assessed in relation to financial aid. With the inclusion of additional fees that students are required to pay and a student and family’s ability to pay, we still continue to see that the cost of college takes a bigger percentage of family resources each year. This problem is even worse

According to a poll by Gallup, almost seven out of ten Americans strongly agree that obtaining a college degree “is essential for getting a good job in this country.” Approximately four out of five Americans claim that they lack the financial ability to afford a college education (Levaux). With the clear majority of Americans believing that having such an education is essential, discussion pertaining to the legitimacy of its cost is necessary. On average, public postsecondary school tuitions are rising over twice as fast as inflation, and private postsecondary school tuitions are rising over two and a half times as fast as inflation (Lorin). Even the associated costs of colleges are rising, such as room and board and collegiate texts. According to Allie Bidwell, the last decade has seen textbook prices leap by 82 percent (“High Textbook Prices”). Once an educational establishment for the elite and a factory for the clergy, postsecondary education has become crucial in the everyday lives of those seeking a stable career to uphold them and their families (Kaufman). America has long been a powerful world leader, but its education system is failing. Current trends project future tuitions to create unsustainably high prices, where the generation concerned may find themselves entirely unable to feasibly pay for their own education. Several other countries already provide easily obtainable or free postsecondary education to their students. America needs to make the transition from