The sudden rise of college tuitions began right after the recession in 2008. Many people lost their jobs, and their current jobs were not paying well enough for them to survive through this devastating time. More people turned to higher education and college tuition began to rise because obtaining college majors will guarantee a higher pay other than minimum wage. This downturn didn’t end here because over the years, tuition rose even higher. In 2014, the debt for college students reached to 1.2 trillion dollars, that is an eighty four percent major increase since the recession. It is very difficult for every individual to repay their entire college tuition on time because their job may be underpaid. If you begin to miss your monthly payments, there will be several consequences right ahead of you.
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).
Today college tuition prices are rising. Paying for college can often be a stressful responsibility. A college education is very important for many students, but when stressing on how to pay for college gets in the way, it becomes more of a burden. Kim Clark effectively states the rising prices of college tuition in her article, “The Surprising Causes of Those College Tuition Hikes.” Clark states that the cost of attending a public university, even after subtracting out aid and inflation, rose more than fifteen percent in the last
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,
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.
In order to improve every aspect of life, especially financially; just having a high school diploma does not meet the requirements that society itself is looking for to accomplish one 's American Dream. Everyone desires and dream to go to college with the hope to be successful; but with the fact that the skyrocketing college tuition is increasing every year might turn those dreams into nightmares. There are many research have been proven that the main factors which cause the high cost of postsecondary education was the lack of funding from government, increase of students as well the increase of administrators. But beside those given facts, there are seems to be more deep hidden truth that most college students and their families have no ideas about it. Numerous of debates seem to argue about the reasons that cause the rise of college tuition was because the most money goes to athletics sport teams, the luxury accommodations for students as well as unnecessary programs and many seven-figure administrator.
“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.
The first part of this paper is going to be talking about how college is so over priced and why it shouldn’t be so expensive. By colleges making the price of their tuition so high it is making it so that less kids are able to go to college, which makes it so that when kids come out of high school they are working at low end jobs and are having trouble making enough money to support themselves. In 1930 “tuition was fairly low, and students could attend wharton Business school for $250”(best online colleges). This relates back to the thesis about how less kids are going to college because of how much money it. back in 1930 almost 70% of kids went to college. In 2013 only about 50% of high school grads are going to college. And for the 50% of kids who are going to college, most of them are coming out with huge amounts of debt that is taking them year to pay off.
One of the culprits hindering higher education for Americans is the tuition rates. A report by the Delta Cost Project indicates that if tuition had grown in pace with inflation, the average tuition at in-state public colleges would only have been $2,052 in 2010. The actual price of tuition was around $7,500, and it is increasing at around 5% per year, about twice as fast as the rate of inflation. Whereas everything else in the economy doubles in cost about every 32 years, college costs have been doubling around every 15 years. In a paper published by the National Bureau of Economic Research, titled How the Changing Market Structure of U.S. Higher Education Explains College, the author, Caroline Hoxby, states that universities have little incentive
Over the same period, in state tuition and fees at public four-year institutions increased more than two hundred and twenty percent from $2,175 to $7,030. ( Marcus, J). This suggests that less money is being spent on students education and more is spent on non instructional activities, such as administration and faculty research. Rising government bursary have increased the quantity of education request. This means that the rising cost of a college education is due in large part to the increased financial aid available rather than any general improvement in the value of
The cost of college is becoming outrageous because they are rising tuition, trying to make their campus more appealing to the students that attend as well as incoming students, and government loans have astronomical interest rates. Students are having to come up with all of the money themselves. It is hurting the students after they graduate because they are in so much debt before they even start their career. Some students wonder if going to college is worth it or if finishing high school would be enough for them. The amount of debt students are accumulating by going to college makes others wonder if they want to start a career already thousands of dollars in debt. Going to college may seem like a no brainer for some, but others struggle with the thought of “being in the red” right out of college and trying to find a high paying job that will help them pay back their loans and borrowed money, especially in the economy now.
Why does college cost so much? This is a very simple question which yields an extremely long and drawn out answer. This is because of the amount of theories and variables that go into the cost of college, and the amount of different types of higher educational institutes (e.g. public and private institutions). For example, one could point to the government or the recession(s) for the increased price tag on higher education. However, from my own deduction and analysis I have found (through various sources) that collegiate spending, price matching and State budget cuts on funding for higher education seem to be the primary reason for this sudden influx in the cost of higher education. From community colleges to the Ivy League, each is susceptible and responsible in their own way for the modern economic catastrophe that is the American higher education framework.
After the Vietnam War, a mass exodus of Vietnamese fled their countries, resulting from the oppressive and vengeful Communist regime after fully controlled the nation in addition to a devastating reality in all field of life from economic crisis to social breakdown and external warfare (War with the Khmer Rouge; Sino-Vietnamese War and several naval battles). My granduncle, a former South Vietnamese Army officer, after spending time in the so-called "educational camp" being tortured and beaten, took his whole family to America, where he believes in the American dream for his family. "And I think I did find the American dream my father has always wanted me to inherit," said my uncle, who was the first generation of his family to go to college in Northeastern University. "College education was the key to our American dream, changing us from penniless immigrant burden of the society to become a contributing member of the nation that has most generously opened her arms to us," my uncle smiled, looking back at his life: a lovely family, a house, a car and a well-paid job. However, he then paused for a while, "but I 'm afraid your generation may not have the chance to share my dream."
Today colleges are growing more and more necessary for attaining a solid path towards a successful career, yet the rapidly increasing cost of tuition is driving students away from their dream of attending college, due to the preposterous amount of money that is now being demanded by colleges across the nation and world as a whole. It is sad to see students being turned away from a successful future due to the money-hungry nature of the universities that dot the globe. More and more impossible it is becoming to have a “rags-to-riches” scenario that used to highlight the American Dream, as if a student doesn’t have the riches to afford a higher education and the tuition that is drug upon its coattails, then our society is doomed to be clothed in rags forever, unless major changes are brought about to restructure and end the indefatigable growth of tuition rates across the board.
The rising costs of formal education has become a real and concerning issue for most Americans. Whitehouse.gov states, the average income of families has remained roughly the same in the last three decades. In that time the tuition rates have more than tripled. This leaves families struggling to get their kids through school. According to Forbs, universities and colleges have been raising their tuition fees by 2 to 5% each year. Forbs also found that in public schools while students are paying more for their education, the college or university is spending less money on the student’s education. Forbs explains that the 2008 recession is largely to blame. On the contrary, that was 6 years ago and public schools are still spending less money on student’s education but charging the student more for it. This means that the tuition students are paying is not being