The Benefits Of Expensive College Tuitions

A lot of people will argue, that college is too expensive. Not everyone can go to college, for financial reasons. Also, they may get into college, but end up having to leave because they cannot afford the remaining balances; or, they received financial aid, but end up having to take out loans they are going to be paying back forever. It is like once they graduate they will be working mostly to pay off their student loan debt. This also discourages some students. In some cases, they will not even take the initiative to try because it is so costly. I do not understand why it cost so much to want to better yourself, and possibly put us in debt for the rest of our life just to receive a higher education. Not only has the cost of college risen over a period of time, but it continues to go up. Yes, they have alternatives for paying student debts, but what if you do not qualify? Lastly, you are not guaranteed a job just because you graduate and have a college degree(s).

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

College gives its graduates the greatest ability to achieve a higher paying job. Furthermore, adults who attend college earn higher wages over those who do not. As emphasized in “College Grads Find Big Degree of Debt, Difficulty; American Families Start to Wonder Whether Education Cost Is Worth It” by Patrice Hill, a staff writer for The Washington Times, employees who have a

Have you ever just stopped to think about what it must be like to be “qualified” for a job yet be unemployed and homeless? Starving on the streets because you paid everything you had to an institution that was supposed to guarantee a better life, a more stable and successful career. Obviously this is an extreme case, not everyone who pays for college ends up living on the streets and broke, but almost every college graduate is in debt. For as long as college has been around it has always meant a better life, it’s always been that people who went to college were more successful, smarter, and would make way more money than someone who didn’t go to college ever would. Lately, however, college has become so expensive that going to college will more than likely leave you in debt working for years upon years just to pay back what you owe and then start making money for yourself.

David Leonhardt in his article “Is College Really Worth It? Clearly New Data Say” goes over the biggest negatives of college that deter students and even returning adults from receiving a higher education and earning a degree. He talks about the struggles of finding work after college and the accumulated student debt. Daivd Leonhardt points out that “Americans with four-year college degrees made 98% more an hour on average in 2013 than people without a degree.” (Leonhardt). Which shows that as much as college costs, you get that back multiple times over after graduation and after you are employed. The stress and struggles that undergraduates face such as deciding a major, the issue of time commitment and large financial sacrifices are worth

According to College Board, “The median income for families headed by a bachelor's degree holder was $100,096 in 2011—more than double than that for a family headed by a high school graduate,” (College Board). Though this is a valid statement demonstrating the economic benefit a college education in the long run; College Board does not take into account the initial price tag of what it takes to attend college in the first place. According to ProCon.org on the topic of college education, “Between 2003 and 2012 the number of 25-year-olds with student debt increased from 25% to 43%, and their average loan balance was $20,326 in 2012--a 91% increase since 2003,”

There are reports that have been produced in the last couple years that state nearly half of college graduates work in jobs that do not actually require a degree. Even though these students are technically employed, they can be considered underemployed and often having trouble repaying their student loans. The student loan debt can be crippling if students are not able to find the type of job in which they studied for. Many students are not able to find jobs in the salary range that they expected while others do not earn degrees that have much value in the job market at all. In some of the reports that have emerged it is not uncommon to hear that a sample of taxi drivers had a large percent of their workforce that held bachelor's degrees.

College tuition has been on the rise as the demand for higher education has increased each year. Politicians debate whether public college should be made free through regulation by the government or to let the institutions set their prices themselves. A problem to this proposal is that private universities would still set their own high prices for tuition. Free college tuition does not ensure that a student will finish college or receive a great education because it is up to them on what they do with the education at the university. It is not possible for public college to be tuition free because of the amount of money the government will have to spend and that it will not result in better educated people.

As a result of the intensiveness of the student loans program, schools will get any figure that they propose as the tuition. Colleges have no reason to reduce costs unless there comes a time that students simply can’t afford their sticker price and wouldn’t be qualified for a loan either. It is only then that the academic institutions are obligated to reconsider their spending and tuitions. In simpler terms, college tuition does not abide by laws of supply and demand due to the infinite supply of student loans from the government. Several similar scenarios of a reckless supply of money to a sector have happened during the last century and had severe consequences. One such case was the effort to expand home ownership. The U.S. government eagerly

Because students won't end up in a huge amount of debt and get to save their money instead of losing amounts of money. “When he graduated college he had accumulated more than $50,000 in debt...i didn't go to college to have this job”(3) And he’s not the only victim. Many families are often affected by this as well. And students are crushed down knowing that college education is widely expensive for them to pay it off. Half of these college students have so much potential and the motivation to graduate college but the fact they come from low or even middle income families is what discourages them, and that's upsetting. These students evidently choose to drop out and get a job to pay their necessary expenses. knowing that college is overpriced. Moreover, some students believe a college degree is not a factor in achieving success and start focusing on earning more money.

Times are hard as a college student managing a part-time job, school, and paying bills all at the same time. One would be frustrated if his father made about a hundred and fifty thousand a year but was not helped with his tuition. Due to the following issue, the student would not receive financial aid, leaving him struggling to pay his tuition. This would only motivate the student to work two part-time or one full-time job in order to pay college fees. Also, college tuition is not the only fees several students have to pay. For instance, they possibly could have car payments, telephone and house bills as well. Raising the tuition would be absolutely unacceptable, considering the fact that students are already in debt from the current prices. Charging them would only make their debt worse since there are several expensive fees, including: classes, books,

Everyone says "college is really expensive" but they never tell you how expensive college actually is so, one thing I wish I knew before starting college is how much the college I want to attend cost including room and board. Knowing how much college tuition and expenses cost would prevent me from taking out loans and taking on huge debt. I would also be able to focus more on school and classes knowing that

College is necessary if a person wants to, not only be educated but also wants to be prepared for the competitiveness of the work place. Unfortunately colleges and universities can be very expensive, even without including books, transportation and student housing. In this essay I will like to explore how expensive college can be, the impact it has on students and what can possibly be done to address this issue.

A four-year degree costs students “more than $19,000” (Stieger), and in this day and age it is nearly impossible to survive with only a high school education; being well qualified for a specific career position is very important to employers. George Leef, author of “Why on Earth Do We Have a ‘Student Loan Crisis’?,” says it best when he states that “college graduates are somewhat more reliable and easily trained than people with only high school diplomas … if there is a large enough number of [people] with college degrees, employers don’t have to bother with people who don’t have them” (Leef 29). That being said, I wonder how young people are expected to obtain some sort of degree, when higher education is nearly impossible for some families to afford. Although very significant changes have been made by our government offering improved financial aid to current and future students, more can still be done. Our politicians could increase the Pell Grant maximum to coincide with rising tuition costs, increase taxes on irrelevant goods and services to provide students with more direct funding, set up a “reward system” that would place more responsibility on the students (rather than themselves), and most importantly, our two main parties in office need to agree on specific changes.

Nowadays it's hard to get a degree and even harder to pay for. In the article "How to Pay for College", it says that with hard work students can earn scholarships, apply for financial aid, finance loans, and take on a part time job to pay for college. However, there is plenty of evidence proving otherwise. Due to the rising costs of tuition and the restrictions to getting financial aid, it is almost impossible for lower and middle class citizens to afford college. Loans leave students in debt and scholarships are not always a sure thing. With a part time job, putting in too many hours of work can interfere with ones sleep and actual study time.