SMU Cost Benefit Analysis

With this increase in tuition costs it is making a college education more and more unaffordable and putting students in more debt.

Each year, college tuition increases more and more, which makes getting a higher education almost impossible for some people. According to Pay it forward written by Catherine Morris tuitions and fees at public four-year institutions has been increasing an average of 3.4 percent each year between 2005 and 2015.

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,

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

NDSU’s tuition is around $15,000 per year which includes housing and food. UMC’s tuition is $20,000 per year which also includes housing and food. It is only a $5,000 difference and U of M schools are usually much more expensive, but they also have more scholarships they will give out or accept compared to other colleges.

Today college tuition prices are rising. Paying for college can often be a stressful responsibility. A college education is very important for many students, but when stressing on how to pay for college gets in the way, it becomes more of a burden. Kim Clark effectively states the rising prices of college tuition in her article, “The Surprising Causes of Those College Tuition Hikes.” Clark states that the cost of attending a public university, even after subtracting out aid and inflation, rose more than fifteen percent in the last

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

There have been arguments when discussing the price of attending college. The main argument that we have is whether college tuition is too expensive or not. Over the last few decades the college tuition rates have increased drastically, but is a rate increase necessarily a good or bad thing. I personally believe that the cost to attend college is too expensive especially for low and middle-income families. There are many reasons why tuition could be considered too expensive they include, rise of tuition, little financial aid, and lack of college savings to name a few. The first reason why college tuition is considered too expensive is the continuing rise of tuition itself. Between the years 1973 to 2008 tuition for a four-year increased

According to TED; The Economics Daily, tuition and fees increase 63% since January of 2006. Some people believe that the cost of college tuition is acceptable. However, college tuition cost is too high. They ought to be lowered and made affordable to all. College tuition cost is too high, a high tuition can prevent some students from receiving college education, forces some to take out loans, and ultimately can cause future financial instability.

The application fee is just a start of $75 along with getting books for each class that can range from $700 - $1,200 depending on if you’re accepted. Meanwhile, tuition and fees add up to over $9,830. The cost of attendance for in-state students is about $26,346. Lastly on campus living can add up to around $11,456 on average plus meals and parking, $4,310.

As upcoming high school seniors, many such as myself, desire scholarships in order to alleviate the financial burden that attending a university can bring. Though this considerable and generous scholarship prize money will be used to further my education at Texas A&M University, my main wish is to bring pride and satisfaction to my family. As a first generation student, I am humbled by the opportunity of obtaining an education in America. Since my parents were migrants from Vietnam and Hong Kong, a successful life here was unheard of many years before. Financial strains do occasionally plague our lives, however, we have not forgotten the strenuous hard work and sacrifice that my parents have conquered in order to put their two daughters through

To better understand, Barrow claims that due to the rapid increase in the cost of tuition has a

Unfortunately, even though tuition funding from the state has improved in recent years, with the unprecedented rise in costs of tuition burdening students, state funding has become inadequate to compensate for the increased costs. A graph from the Texas Higher Education Coordinating Board, shows that the cost of attendance has risen substantially higher than the aggregate financial aid funds. The impact of tuition increase has made higher education an unaffordable luxury to many financially disadvantaged citizens, the result of which will have widespread consequences for students and Texas as a whole.

Tuition is what most high graduates worry about for college. It is a topic that is mentioned in the news, presidential debates, and amongst students. Some would argue that college cannot be completely free but that it should be lowered to reasonable price that can make college more affordable and easier access to low income families. Others oppose this standpoint by stating that the decrease in tuition would also decrease the quality of education that many are paying thousands of dollars for. Should tuition cost decrease or remain the same? Tuition effects billions of students in the United States today.

Since the beginning of the 20th Century, college education has been available for everyone and anyone who is willing to develop their knowledge regarding a specific professional field. Currently in the United States, the percentage of high school graduates going to college has increased considerably: 68 percent in 2011 compared to 49 percent in 1940 (Menand, 2) and the record high set in 2009 with 70 percent of total high school graduates enrolled in college ("Bureau of Labor Statistics"). Notwithstanding, it has come to the attention of many that the college tuition and fees have been increasing at an accelerated rate. According to The New York Times, college tuition and fees increased 439 percent from 1982 to 2007 (Lewin, 1). This