Summary: Is College Really Worth The Tuition Of Private College

“A high school dropout makes on average $19,000 a year, a high school graduate makes $28,000 a year, a college graduate makes $51,000 a year. Over the course of a career, a college grad will make nearly $1 million more than a high school graduate. That's a lot of money." Is College worth spending? According to the College Board, the average cost of tuition and fees for the 2015–2016 school year was $32,405 at private colleges, $9,410 for state residents at public colleges, and $23,893 for out-of-state residents attending public universities.

College tuition costs thousands of dollars, but is it worth the cost? Recent college graduates have been facing unemployment. The high rate of unemployment has people wondering if the benefits truly outweigh the exorbitant costs. Some people believe through not attending college you can save money and still be successful in life, but the benefits of attending college such as respect, higher wages, and better jobs clearly outweigh the high price.

Today, when someone graduates from high school, it is pretty much expected that they will go to college. In fact, there is more of an emphasis on college education in America today than any other time in history. However, it is also the most expensive time in history to attend college, and with student debt now approaching one trillion dollars and tuition continuing to rise, it leaves the question (Owen and Sawhill 212). What is college truly worth anyway?

College is a dream that almost every American wants to come true, however, with the extreme rise in the costs of tuition it is a dream that has quickly turned into a nightmare. “Tuition at a private university is now roughly three times as expensive as it was in 1974, costing an average of $31,000 a year; public tuition, at $9,000, has risen nearly four times,” (Davidson). “For the average American household that doesn 't receive a lot of financial aid, higher education is simply out of reach,” (Davidson). That is why many students have begun questioning the worth of a college degree and if the amount of debt that is received upon exiting college is all for the better. And considering that costs have risen much faster than the rate of inflation, many are starting to believe that college just isn 't necessary any more. However, according to White, economically, the answer would still be a yes. “While unemployment rates for new grads and experienced workers alike have fluctuated throughout the recession and recovery, the earnings premium that college-and advanced-degree holders enjoy over their peers who didn 't attend college has remained relatively stable, and in some instances, grown, according to the report that was released this week,” (White). A study was shown that many college grads are able to get earnings that are significantly higher than those who did not get enough education or only hold a high school diploma (White). Even

Is college worth it? That's a question that I grapple with everyday. College is supposed to be the best time of our lives, however more and more students are being diagnosed with mental health disorders and the cost to attend is soaring. The average price to attend college (at a public university, out of state) is about 23,000 dollars (per school year). Considering I'm beginning to struggle with mental illnesses like depression and anxiety, I can't imagine how college could affect my mental health. College is going to be difficult, I'll admit that.

For years adults have been questioning whether or not college is worth its cost. Over time the price for college has increased drastically and the potential income of a college graduate is barely following that trend. As colleges become more wealthy and powerful, they’re too pricy for someone to afford without help and debt.

Imagine, it’s 1974. The average family in America earned just under $13,000.00 a year. College wasn’t too expensive. It was $2,000.00 for private, and $510.00 for public for a year's tuition. Now come back to 2017, where the average family income is $64,000.00, and the price for a private university is $20,160.00. 10 times more expensive than it was in 1974. And that’s not even including room and board.

Many Americans that are young adults state that college is too expensive for them, so they say that college is not worth its cost. A majority of college graduates, on the other hand, claim that college is definitely worth its cost. To me, I also believe that the cost for college is worth it. It helps the college graduate have a mentally matured mind and a more successful career than those who have never gone to a college.

College is supposed to be a place where you advance both personally and academically. College helps you to understand who you are as a person. This important investment should not bankrupt individuals and cause major financial problems later on in life. I go to a Private liberal arts college where tuition is $25,680 a year. I commute to campus to avoid paying the extra $9,770 to live on campus because I need to pay for Graduate school if I want to become a Speech Pathologist or Audiologist. There are so many graduates and friends that I have talked to that have tens of thousands or hundreds of thousands of dollars in college debt to get a diploma and then to not be able to pay the money back because it will take them 30-40 years because they are not working in their field and have other expenses as they get older. Normally, it takes the average college student 30 years to pay back their loan and the student pays thousands of dollars in interest they could use to buy a house, invest in their children, or their familes future. One of my friends is going to school in Oklahoma and the University she attends gives her little to no financial aid, she is going to

Debt can make one’s life become a stressful thing. There is a constant worry the debt will continue to grow or dealing with the struggle of having to pay every last penny back plus more. Colleges are finding fewer reasons to lower prices and more reasons to raise prices. The college perspective is understood by many in this matter though. Colleges, as well as any other business, needs to make money also. The affordability of college is the second most important thing about a child’s college education, right below the actual education itself. “… the cost of college will remain unaffordable, tuition will continue to rise, and the 18-year-olds… will ‘get to’ continue paying for college with student loans” (college cost act does not…). Does it really pay off to go to college though?

The costs for student’s college continue to rise at a higher rate than the cost of living by the average American. .for instance we see on Butler, “The College Board notes that between 2014-2015 and 2016-2017 academic years, 4-year public universities raised their tuitions another 2.4% and community colleges increased in cost by 2.3%,” said Butler

Everyone wants to make lots of money when they grow up and on average people with a college degree make more money. So are the college tuitions and student loans worth it? Some people believe that tuition is not worth it because you spend years paying off student loans. But in the long run, you make more money. Yes, college is worth the price of tuition.

Is College worth it? Despite the cost of tuition increasing, Students are making a smart decision investing in college for majors that need a degree and are demanded by society. College is essential for many people to advance their status and become successful as shown by statistics, students, and the economy.

College tuition is a subject that I am certain is on every college student's mind. The current cost of college has become so outrageously high and so students are graduating college with what you think is a feeling of excitement for their lives starting, when in reality they are entering a pool of stress due to high amounts of debt and no job guarantees. With that being said overly expensive College Tuition is merely taking away opportunities from potential students. According to Collegefactual.com, you will see that 20 years ago the average college tuition for a student at any University was around $6,285 for the room, board, and tuition. Today, according to Niche.com, the average tuition for almost any college is over $30,000 for those same things. Today, this isn't even offered for those same colleges, we don’t even know what is actually causing the raising tuition. At this point in time, we are paying for the name. Just like clothing, we pay more for the “high end” (a.k.a the college name) items. This is an issue that not only affects college students, but people who want a good education. College tuition should be lowered because the average student debt is too high, FAFSA results can be misleading and not high enough, and there is not enough access to college for deserving students.

The competition between similar private colleges restricts and affects the tuition level of private colleges. Specifically, the first is the competition of school size. In the premise of keeping running, private universities should try to expand their scale with a quality education. The second one is the competition of faculty. Different with public colleges, the teachers’ mobility in private colleges is larger. Although teachers in private colleges have a lot of additional benefits, they still have low satisfaction on their career. Because in private colleges, the management layer emphasises students' satisfaction, and students are regarded as consumers. (Santhapparaj and Alam, 2005) Therefore, due to low career satisfaction or teachers’ development