Rising Textbook Costs

Over the past decade, it has become evident to the students of the United States that in order to attain a well paying job they must seek a higher education. The higher education, usually a college or university, is practically required in order to succeed. To be able to attend these schools and receive a degree in a specific field it means money, and often a lot of it. For students, the need for a degree is strong, but the cost of going to college may stand in the way of a successful future. Each year the expense of college rises, resulting in the need for students to take out loans. Many students expect to immediately get a job after graduation, however, in more recent years the chances for college graduates to get a well paying job

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).

Many students have aspirations about attending the college of their dreams, but many people lack financial support and are not able to go because of high tuition payments, such as housing, and other college expenses. U.S. Student Loans Debt Statistics for 2017 indicate that “the cost of attending college is becoming a growing burden for a huge portion of Americans.” (Student Loan Hero). Students are left with the option of dropping and leaving school. Even after receiving some financial support, such as scholarships and grants, students have limited amount of money to pay off their expenses. At the start of their college career, students apply for the colleges they would like to go to, and many forget about the financial decision that is required to pay for college. “A 2010 study on more than 200,000 freshmen at four-year colleges, more students rated themselves as below average in emotional health than ever before. The financial stress of worrying about their college loans and whether they’ll find a job after college and the day to day stress of making decisions for themselves in all aspects of their lives.” (Allianz). Unfortunately, freshman students are the main group of college students that go through financial conflicts, leading to stress about how to pay for college. Some students choose to work their way through college. “Others decide they’d rather be making money working full time than pursuing a costly degree. Still others become discouraged at the prospect of incurring loan debt” (College View). According to Public Agenda, “Work is the top reason young adults give for not returning to college once they leave. More than a third (36 percent) of those who left school say that even if they had a grant that fully paid for tuition

However, college education not only delivers a degree or diploma, but also intellectual growth and a more promising future of financial stability and happiness. With things like fees, financial aid, housing and transportation, it is understandable for any individual to be frustrated with the many obstacles college may throw. However, college is only as difficult as one may approach it. It is an overwhelming statistic that “student debt has increased significantly,” within the past few decades (Leonhardt). With plenty of opportunities for financial aid, students can ease the tension of their wallets by taking advantage of the convenience scholarships provide.

Nowadays, we are always bombarded with the constant studies that show the economic benefits of going to college. For example, one study suggests that the average earnings gap for a high school graduate and someone with a bachelor’s degree working full time is about $15,000 (Owen and Isabel 210). But, all these sources only focus on the economic benefits and they make it seem that the only way to succeed. However, they don’t mention as much the possible negatives and that it might not be for everyone. The biggest obstacle, especially for the lower class students is the high cost of tuition. Which has caused student loan debt to become the second highest form of debt in the U.S, surpassed only by mortgage debt (Owen and Sawhill 212). Even if the student figures that out then there’s the problem of finishing school. Studies show fewer than 60% of students finish their 4-year degree within 6 years, if they finish at all (Owen and Sawhill 218). Then for those who do obtain their degree there’s the

Today in a modern day, each new year of hopeful high school graduates rapidly finds there are just not enough job offers for every one of them. The majority of them end up tending to tables at McDonalds or stocking the shelves at local Walmarts. Large portions of them drop out with a huge number of dollars in understudy advance obligations that no one ever cautioned them about. The annual average for college tuition and fees is about twenty-two thousand dollars, thirty thousand dollars

With a rise in the cost of tuition, college students must consider the possibility of alternative sources of funding to stay afloat through their degree programs. According to the Bureau of Labor Statistics, textbook prices have skyrocketed by eighty-two percent in the last decade.

All over the United States, young adults are planning their future and preparing themselves for college. College is the next level education that the majority of the high school population thrive for. Yet two things are always a factor in the decisions made, which is cost and debt. These two things have become two of the most common reasons many students either drop out, or don’t attend a public university at all. According to Imagine America Foundation, the cost of college and the debt it can leave behind are two of the top 5 reasons people don’t go to college. With that being said, these two factors have become a problem to students as well their families. These problems need to be fixed for the community and by the community. The will have to work together

Higher costs determine if students can afford college, if they find college worth the cost to enroll, how much debt they’re saddled with, and how much they need to work while in

The idea of taking the opportunity to receive a higher education has been a social norm in American society for centuries. People aspire to reach certain goals in their career path, and one of the roads that must be taken is the road through college. Whether it is within the field of science, business, etc., people learn the required knowledge that they must attain in order to contribute to society and the economy. However, all of this information comes with a price that adds up over time due to student loans.

College is extremely expensive. In fact, “college tuition costs have gone up 945 percent since 1980” (Liberty). The rapidly increasing costs of a college education prevent an extraordinary amount of students from enrolling, and restricts those that can go to college to only the wealthy. “University administrators keep hiking tuition, ... and a whole generation of Americans is struggling ... as they postpone their dreams for a tomorrow that may never come” (Wonkborg). Critics argue that students have the option to take out student loans. Conversely, the majority of students who take out student loans owe tens of thousands of dollars that they might never be able to pay back. “Today’s college students borrow and rack up more debt than ever before.

It has been an inevitable development in which college education costs continues to rise over the course of the decades. The sudden increment of college tuition occurred around the 1970’s, which at the time took a spike “With [a] double-digit inflation”, “College tuitions and fees climbed as much or more than the inflation rate”(Sanchez, 2014). The rise in tuition caused family incomes to lower, as well as the contribution they made in sending their kids to college. While these lowered, there was a growth in obtaining loans and borrowing money elsewhere in order to pay for a higher education. The overall case in the rise of education costs, led few to believe that the higher the cost the better the education they would be pursuing. For college

College’s prices keep on rising every year. This makes it harder and harder for people to go to college because they may not be able to afford it. In a 2005 study it found that 90% of people who attend college will need help with either, scholarships, grants or loans. This means that people are having a tough time as it is. This also means that without these scholarships and loans many people would probably not be attending college because they could not afford it. Some people may have to get two jobs to be able to pay for classes and books. That could be hard finding time to fit college

High college tuitions cause many students to have a bad start to their career due to the thousands of dollars in student loans and debts. “Student debt now tops $1 trillion” according to(citation).This proves that student debt has reached and will continue to rise to overwhelming numbers. Kevin Carey, the

In order to avoid settling for an undesirable job, students have to continue their education and obtain a minimum of a bachelor’s degree. It is now a common knowledge that college education is very expensive and sometimes unattainable to some. The mentality of a student should overlook the debt because of the benefits it will bring in the future. Having free college education is an inevitable dream to have when, like many, the financial ability lacks. Over the years, college tuition is constantly increased, putting a greater economic burden on students and parents all over the country. This increase in cost has resulted in many students across the United States relying on student loans and subsequently they are falling into debt and having