The Importance Of College Education

America’s Broken Education System highlights that college is financially stressful by exploring all the potential costs behind it. The documentary states that with an annual college tuition cost of a little over $27,000 and with the assumed college tuition inflation at 5.15%, it would cost almost $118,000 to go to college for four years. According to Briana Boyington, out-of-state tuition and fees at public national universities have

In 1980, the average cost of tuition, room and board, and fees at a four-year institution was $9,438, according to the Department of Education. Today that amount will not even cover room and board. Our education financing system is broken and needs to be addressed.

let us consider what the total cost of living and attending a four year private

The overall amount of the student debt in the U.S. has tripled in 10 years, from $363 billion in 2005 to more than $1.2 trillion today (Nelson, 2014). It has increased for

Most colleges bundle their prices in terms of tuition and fees. In 1995, tuition for private colleges was around 14k, for Public out of state it was around 7k and for public in state it was around 2k. (usnews). According to the College Board, the current 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. Tuition reflects the overall cost of a college providing instruction and usually incorporates a college 's costs for staff, faculty, grounds maintenance, buildings, computer systems, and libraries (Dominique).

The average cost of public college for one year is approximately $9,650. Therefore to attend a four year college the cost is about $38,600. That’s not including fees, books, supplies, housing, meals, personal expenses and etc. Some students may also have to pay comprehensive fees. Of course going to a private college or even college out of your

Whether a student is looking to stay in-state or move out, the cost is still very high. According to College Board, expenses, on average, to attend a 4-year university add up to around $9,000 a year for in-state residents. Triple this amount and non-residents must pay that. Private school expenses tend to add up to around $35,000 a year (College Costs). During the 1995-1996 academic years, 66% of four year students in public institutions received some form of financial aid (Losco). Although the financial aid sounds like a good plan at the time, it causes the ones who take aid to being their adulthood in a large amount of debt. Even though there are a number of scholarships and financial aid programs available, each student must qualify and meet certain requirements that are not always met.

Moreover, this view that college graduates are somehow better than the less educated is harmful. An increasing

A financial aid website Edvisors reported that the class of 2015 left school with the highest debt level in history. The average student started their careers with $35,051 in student debt. The debt level is clearly on the rise, as the average student in 2012, left school with outstanding debt of $24,301. According to XX, over 10% of borrowers have over $58,000 in debt. Furthermore, the worrying fact is that one in four borrowers end up either in delinquency or default on the

“On average, a college graduate with a bachelor’s degree earned $30,000 more per year than a high school graduate…” (Is College Education Worth It?). Usually that sounds grand and would also make somebody very ecstatic yet, learning the other side of the story might make you cringe. Within nine, to ten years, student debt has risen about ninety-percent since 2003. Around sixty-percent of the students that graduated in 2011, have a debt that is nearly sixty-percent of their yearly income. With debt that high, it may result in late payments (which increase

Throughout the years, America has always debated whether education is needed, If it helps students succeed or not.The argument in the past has been always over high school education, which is required. That decision has helped the US rise economically and industrially. Today, the United States is in the middle of the same debate this time, over college. Some, like David Leonhardt, a columnist for the business section of The New York Times, think a college education creates success in any job. Researchers include that Americans owe just about 1.3 trillion in student loans debt, the debt spreads out about to 44 million borrowers. In fact the average Class of 2016 graduate has $37,172 in student loans debt.The debt has risen up to six percent since last

As of mid-July 2016, the outstanding student loan debt was almost $1.4 trillion and is estimated to reach $2.5 trillion by (Muralidhar, Pamecha, 2017). To put in perspective how much the cost of attending college has increased, in 1980, at the average four year university, a student who worked full time over the summer at a minimum wage job could cover tuition the following year and have the 2012 equivalent of $1,923 left over. In contrast, in 2012, a student that works full time over the summer at a minimum wage job covers 42% of tuition at an average four year university which leaves them $4,764 short for the year

“Education is the most powerful weapon which you can use to change the world.” (qtd. in Quotes About Education” n.p.) “ Times have changed, higher education such as college is what most people need in order to have a successful career. Those who acquire higher education after high school tend to have a more successful career than those who do not acquire a higher education.

According to the National Center for Education Statistics, in 2011, the average tuition for just one year at a four-year private university was nearly $33,000. While the median inflation-adjusted household income fell by seven percent between 2006 and 2011, the average real

Throughout the history of civilization, education has been an important tool in shaping an individual as well as the society that the individual is a part of. In the older civilizations, only the elite upper class had access to education. This kept these people at the top of the social ladder, and suppressed the common people who did not have access to the same education as the nobles. We have come a long way since then, with every child having access to a free high school degree. However, there is still some inequality in this modern education system that has similarities to the old injustices. In this day and age, a college degree is a great start for a young adult starting to enter the work force. According to a study conducted by Pew