The Tuition Cost Of College Education

Some people think that getting a college education is not really a good idea anymore. According to Abel and Deitz, “In recent years, students have been paying more to attend college and earning less upon graduation—trends that have led many observers to question whether a college education remains a good investment” (2014, p. 1). If the student cannot find a job that pays a decent amount of money, after graduation why should the government ‘fund it?. College costs are rising each year. Future generations may not be able to go to college because tuition will be too high. But Abel and Deitz

In the essay “College Value Goes Deeper Than the Degree” author Eric Hoover claims a college education is important to one 's well-being so they can get a job and be productive in other parts of life. Promoters of higher education have long emphasized how beneficial college’s value and its purpose. Many believe the notion that colleges teach students are life skills to apply anywhere, they also work hard to earn a degree and learn specific marketable skills which they can use to get a good job. Though obtaining a college education and a degree is helpful in countless of ways, it is not necessary to pursue a college degree in world where a college degree is seen different now, people without turn out fine, the growing average of debt that students who attend college have to pay off and people without a degree can obtain many jobs that do not require college degrees.

The trend continues with the skyrocketing prices of college tuitions. This is not an uncommon issue the days of college tuition being affordable are slowly fading into the past. This conundrum has brought to light the idea of using tax money to help pay tuition. This idea has vast potential, but can it reach its potential.

Throughout the USA college tuition has increased drastically; in the last five years Georgia colleges have had 75% increase along with other states such as Arizona whose tuition has increased by 77% (NPR). Since 2006 the tuition in Utah has increased by 62.8% and is rising throughout the U.S. (Desert News). Between 1885-2016 the price of college has increased between 2.1% to 4.3% per year beyond inflation (CollegeBoard). Through calculations, that equates to about a hundred precent increase since 1885. It’s no secret that college tuition has skyrocketed, increasing student debt and leaving prospective students to ask “Is College Worth It?” college education is beneficial in that it teaches students valuable life lessons in responsibility, prepares students to enter the workforce and can be relatively inexpensive. The eduction is “college education” is worth every penny but America has created clichés to define the college experience which are expensive and unnecessary. In a radical new world a college education is required in many high paying jobs, which leads to the question “Is the experience of college all it is built up to be?” Through recent research, many articles and news mention about the value of higher education seem to only take account of is the financial aspect. A college education is worth what one makes it and is an investment in a future and in one’s self. The purpose of college the education is to be prepared to go into a the workforce having gained the

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

Bernie Sanders, senator of the state of Vermont said, “The cost of college education today is so high that many young people are giving up their dream of going to college, while many others are graduating deeply in debt” (“Brainy Quote”). Each year students take out loans to pay for a college education. Is it really necessary? They are just going to be a statistic. I believe everyone should not go to college. College is not for everyone.

Researchers have found that a majority of workers with bachelor degrees or higher have higher salaries than those without. The downside of these statistics is that student debt has climbed to over 1.3 trillion dollars. Colleges have been working to aid students by cutting tuition costs and offering more scholarships, but the hopes of potential students look to be declining (Mitchell). From this journal, I learned that the value of a college degree is an opinion that varies among different social classes, social grounds, and political groups. When I read that less and fewer Americans are finding the value in a college degree, I decided that the next step in my research would be finding out the opinions of those who do see the value in a college degree.

There are many students cannot go to college because of the cost of college tuition. Some students work hard at the fast food places, restaurant to pay off their tuition. The government of the United State gives the opportunities for the young Americans that if they participate in national service to the country, they will be able to exchange for free colleges or technical school tuition. The government also gives students many options such as working at an urban library for library major; working in a homeless shelter for social work major; working in the juvenile justice system or prisons for criminal justice majors; working in hospitals for pre-med students and nursing majors. Young Americans should participate in national services in

In recent conversations of the increment of the student loan debt, a controversial issue has been whether a college degree is worth getting. On the one hand, some argue that earning a college degree is a major life achievement that some consider to be part of the American dream. From this perspective, we can see that a college degree opens up more opportunities and possibilities of employment with a higher pay and position. On the other hand, however, others argue that many people succeed without college degrees. According to the Bureau of Labor Statistics, of the 30 projected fastest growing jobs between 2010 and 2020, five do not require a high school diploma, nine require a high school diploma, four require an associate’s degree, six require a bachelor’s degree, and six require graduate degrees. In sum, the issue is whether a college or career path is worth the debt or not.

The cost of college tuition is increasing exponentially ever year. Students have to pay for a number of things besides the tuition for inference books, dorms, fees, tutor, etc on top of their everyday living expenses. At this rate college tuition will be far beyond the reach for the average person. The inflation raises numerous of questions. If the recession is not getting better why do schools continue to increase tuition? What can be done so that the college tuition won’t be so far out of reach that the average person won’t get no higher education than a high school diploma.

It is obvious to anyone who looks that the cost of a college education is rising at an alarming rate. Increased tuitions, decreased government funding, and increased institutional debt contribute to a $1 trillion student debt crises. These factors, along with critical mismanagement of funds on the part of Universities create an environment where education has risen at more than twice the rate of inflation. By examining educational institutions finances, we can begin to understand the problem, and how to solve it.

Often students don’t believe they can afford college. Their parents don’t have the money to assist them and they know working a part time job isn’t going to cover the cost of a college education. These students should have the same opportunities as everyone else which is why the government has setup some programs for students that are in need of financial assistance.

“The cost of college education today is so high that many young people are giving up their dream of going to college, while many others are graduating deeply in debt.” by Bernie Sanders (College). As the famous candidate for presidency says, college education may serve a greater purpose, but the increase in unpayable debt is an issue for young adults who have a hard time in finding a reasonable payment plan when student loans exceed the living costs. Student debt has exceeded from 2003 to 2012 by 20% (Caldwell). If one would take out a loan for 10,000 US dollars by now it has grown to double that amount. How can anyone pay that much without getting a bad credit score? This continues as we can take a closer analysis of the bar chart below. Picture one shows us a bar chart of the trending increase in student loan (Lee). For younger adults the amount of student loan being taken by high school graduates has increased by almost 33%. In total, the amount of student loan increased from 2004 to 2012 is almost 400%. This is why most high school graduates heavily rely on parents because not one eighteen year old has the resources to lead a stable life. The young adults cant break away from their parents because they cannot pay off these debts. Most of these debts increase because none of them can be paid on minimum wage so a large monetary deficit appears in the student 's balance. In picture 2, we can see the balance between of the major loans being paid (Lee). HELOC means home

No doubt that college education is expensive, and may consume a fortune since students have to pay for each class. Still, core courses are not the reason why four-year of schooling is cost so much money. In order to obtain a bachelor degree, student would have to complete 40 courses with, more or less, 120 credit hours. This is a standard, and there is no way around it. Although, if general education wasn’t a must, student would have to fulfill these prerequisites with some other costly courses. Perhaps, something far more unfamiliar and confusing. Why not to take humanities, or history along with social studies and English? The college gave students an opportunity to score an easy “A” and “B”, or at least pass without failing it, saving time

College institutions offer a wide range of degrees and certificates, ranging from associate degrees to post-doctorates. A bachelors degree is another name for a 4-year degree, and such can be given in a wide variety of fields of study. According to the Digest of Education Statistics, during 2012 and 2013 more than 1,8 million bachelor degrees were conferred to college students in 34 different fields of study. So, prior to defining the cost of education, there is a need to establish who is the average student. From the almost 2 million granted degrees, 360,823 were only from business school. That makes it by far the most popular student choice, being almost two times the amount of degrees granted to health professions and related programs, and more than two and a half times the number granted for social sciences. So, for everything else that is evaluated in this paper, business degrees will serve to define the average student. It is a very requested type of education and for a very good reason. Having a business degree opens up a wide range of prospective jobs a person may have. With a business degree you can work as a sales manager, a financial analyst/manager, an insurance agent, a financial advisor, a logistician, an accountant and so much more. Obtaining that degree, however, is not easy, and not at all cheap.