Use Of Forecasting Techniques For The Graduate Tuition Rate At James Madison University

The continuous rising cost of higher education is frequently spoken about today and deserves much more attention then it receives. College tuition for students is a rather large investment and considered to be one of the most expensive to make. As college tuition prices are continuously increasing so is the cost of housing. The average American family is finding it more and more difficult to be able to have a fair shot at affording to go to college. Although there are numerous possibilities, the cost of higher education for student is still too high and implementing a solid accreditation process and examining the student loan crisis happening could help improve a lot of problems.

College has become a norm in today’s society so much so, that the average costs of higher education are not really discussed. A public two-year in-district college was $3,520 for a full-time undergraduate student in 2016-2017 (Baum 68). Baum also declares that a public four-year in-state undergraduate tuition was $9,650; a public four-year out-of-state college cost $24,930; a private nonprofit four-year college costs $33,480; and a for-profit college cost $16,000 for that same school year. (68). Across the nation, figures will vary because of the obvious geographical region differences, but also because of price discrimination. Price discrimination allows institutions to discount their prices for a lot of students (Baum 79). Institutions do this based on individual student circumstances, and it segments the market. Institutions

Not only does the increasing cost of attending college affect a student, but unemployment rates also cause the student’s debt to continue longer than it should. Recently the unemployment rate in America has gone up dramatically, due to the economy crash. As of January 2008, the unemployment rate started increasing, starting at 5% unemployment, and in 2010, the unemployment rate was up to 9.8% (“Database”).

Today, Susan Hansen, Admissions Director of East Liberal Arts College, wishes to increase tuition and reduce financial aid available to students (Brickley, Smith and Zimmerman, 2009, p. 110). Moreover, she has expressed that “increasing tuition and reducing the amount of financial aid will solve the schools financial problems” (Brickley, Smith and Zimmerman, 2009, p. 110). This will be done by “increasing an effective tuition from $15,000 to $25,000” (Brickley et al., 2009). She also projects that the tuition increase enrollment from 400 to 600 students (Brickley, Smith and Zimmerman,

Compared to just 10 years ago, in-state public university tuition has risen a dramatic increase of 40% — about $2700 (“Tuition and Fees and Room and Board over Time”). At the university level, in-state college is the cheapest option. However, in regards to the inflation of the decade, only 15%, university tuition is substantially higher for families today (“Archived Consumer Price Index Detailed Report Information”). Students and families are now paying a 25% higher price for in-state college than those just 10 years ago. Consequently, this has

The United States needs to look to other nations that have figured out the necessity of higher education to be at an affordable cost if not free. In 2015, college graduates are facing on average just north of $35,000 in student debt (Berman). In part, the government has reduced the federal funding that each college receives each year. Therefore, colleges have constantly raised the

Research indicates a steep upward trend in the cost of higher education throughout the 20th century. In recent decades, America has witnessed a widening gap between inflation and tuition. An incoming freshman at a typical college incurs charges for tuition, university fees, books, room and board,

“College Prices Soar Again!” “Budget Cuts Cause Even Higher Tuition!” “Higher Education Now Even Less Affordable” These are all statements that have been seen all over the media: newspapers, magazines, television, and radio. (3 SV: SV) Rising college tuition in America has been a problem for years. Many students drop out after a single year due to the pricey costs of tuition. The rapid rise can be attributed to many aspects of the economy, not just a single source. There have also been some propositions of how costs could be lowered, but these have yet to be seen. The United States has gone into a tuition crisis.

College debt has risen significantly since “The Great Recession” in 2009. Due to the high college fees, students are faced with lifelong debt. If the rise continues, only the rich will be able to obtain a higher education, resulting in American education to take several steps backwards instead of improving. Although many have tried to fix college debt problem, it has mostly gone unnoticed. Specifically targeting the nation’s youth, college debt is destroying the chances of the lasting effects on the economy from fully recovering.

The cost of attending college has risen drastically over the years. Statistics show that there has been a 260% increase in tuition costs since 1980. The increase in tuition cost equates to an increase in money borrowed to fund higher education. An increase in money borrowed results in an increase in debt accumulated over time. As a result of the rising figures, the economy as a whole has also suffered because of the restricted financial space many graduates find themselves in upon completion of their degree. In this paper, we will discuss college costs, reasons why they have risen, and the best way for students to pay for it.

“While politicians in Madison continue to block solutions, I plan to tackle the growing student loan debt crisis head-­‐on and make higher education a top priority in Wisconsin.” Despite it’s reputation for affordability, the

The cost of tuition for higher education is quickly rising. Over half of college freshmen show some concern with how to pay for college. This is the highest this number has been since 1971 (Marill and O’Leary 64-66, 93). The amount of college graduate debt has been rapidly increasing also. With limited jobs available because of the high unemployment rate, college graduates find themselves staying in debt even longer. Although grants and financial aid are available to students, students still struggle to pay for their college tuition. Higher education costs are prohibitively expensive because the state’s revenue is low, the unemployment rate is high, and graduates cannot pay off their student loans.

Thesis Statement: According to the National Center for Education Statistics, “the 2012 graduation rate for…full-time undergraduate students who began their pursuit of a bachelor’s degree at a 4-year…institution…was 59 percent.” Also stated was that it took 6 years for those first-time college students to graduate with a bachelor’s degree. Every year the number of graduating college students is drastically decreasing. We believe that there

The cost of tuition at colleges and universities in the United States has seen a steady increase over last several decades. Since the 1980s, the list price for tuition has risen by roughly 7% per year, while the inflation rate has averaged 3.2% per year. The effect of this mismatch in the rise of the cost of tuition versus the average inflation rate has had monumental effects on the ability of students to afford a higher education. This, in turn, has forced more students to take out increasingly large amounts of loans, causing for the national student loan debt to grow to over $1 trillion dollars, more than total credit card

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