Why Does College Cost So Much?

While this is often true, it can create problems when a student does not have the money to pay for a quality education. The cost of college has risen an estimated 250-500% over the last 30 years while consumer price index has only increased by 115 percent during the same time frame (White, 2015; Eskow, 2014). The amount of student loan debt is increasing, along with the cost of college. The income of many young people today cannot keep up with the rising costs of college education and housing. Part of the problem with student loan debt begins when students choose to attend a college that exceeds their financial resources and rely on federal student loans as well as private student loans to make up the difference. Eskow found that even public colleges and universities are becoming difficult to pay for without taking out student loans often averaging $30,000 for tuition, room, and board (2014). Since many people do not have enough money to cover college education expenses, they rely on student loans, both federal and private, to fill the gap. Financial advisor Ramsey stated that often the loans students take out pay “for an off-campus standard of living, and no debt was needed to get the degree” (2013). “The Project on Student Debt reported in 2013 over ⅔ graduating seniors were leaving school with student loans” averaging approximately $28,400 (White, 2015). Taking on almost $30,000 in debt before even starting a career can have a significant impact. It can force people to get a job just to pay off the student loans, not based on what they got an education for prepared for or what they studied. This also can cause a setback in future plans, having to delay many adult milestones due to lack of

Why does the tuition cost so much more? This leaves college students baffled and stressed about how much money they’re paying and what they’re even paying for.

With the ever-increasing tuition and ever-tighten federal student aid, the number of students relying on student loan to fund a college education hits a historical peak. According to a survey conducted by an independent and nonprofit organization, two-thirds of college seniors graduated with loans in 2010, and each of them carried an average of $25,250 in debt. (Reed et. al., par. 2). My research question will focus on the profound effect of education debt on American college graduates’ lives, and my thesis statement will concentrate on the view that the education policymakers should improve financial aid programs and minimize the risks and adverse consequences of student loan borrowing.

In order to be successful in the workforce, having a powerful career there are things needed like higher education. Graduating from college is essential to finding a successful job, since more jobs are making college degree a requirement, more people are going to college. The problem is the cost of going to college outweighs the earning from the career you obtain. Very little people are able to pay for college out of pocket. In 2014, 42% of undergraduates paid for college out of pocket (Sallie Mae). The result of this is that students seeking higher education are forced to take out loans. On average, college students borrows $25,000 to earn their degrees (Alexandria). I just don 't get the concept of college tuition or student loans. It

Going to college may get students an education, but may cause their parents or legal guardians to lose everything they have worked for in the process. While trying to stay up to date with their student loans, they may fall behind on all their other bills. You may even lose your home because “you cannot make your mortgage payments for fear of missing a student loan payment or two” (Beauchamp and Cooper 539). They apply so much pressure on how it is important to pay off your loans that “you struggle to make your car

Since 1974, tuition has been on the rise and has reached new heights. One reason why tuition is increasing is because of “the state governments’ unwillingness or inability to raise per-student financing” (Davidson). The government is spending less on college and moving those funds into other categories, such as the military. Furthermore, colleges are spending less on each student than they did during pre-recession (Fox). Even after the recession, the government is continuously cutting more and more from education funds. As the government cuts more from education funds, tuition cost will steadily increase to compensate the loss. Tuition increased from 1994 to 2015 is depicted in the graph on the next page. Drawing a conclusion from the graph, it is possible that if this trend continues, public colleges will approximately reach the same price as private colleges one day. The amount of financial aid given is unable to meet the needs of lower income students,

It’s hard to believe, but it’s true. College tuition is on the rise, and there’s no sign of it stopping anytime soon. A good question would be, “Why is it so expensive?”. The reason behind the price of college on the rise is because the government is cutting budget from schools. They’re spending the money that could be used on sending kids to college on things like the army.

I am doing a school project on the cost of college, and my question is why is college so expensive, and gets more expensive every year? I’am a family of 8 and trying to pay for 6 kids to go to college is not easy. Everyone wonders why students take out so many student loans and drop out or don’t go to college. I think the expense of college has gotten out of hand and that in the future, school supplies and textbook alone per year are $1,363. Just if you look at all of the colleges you see that none of them are under $3,600. You are just going to make failure because you guys make college so expensive for people. They say by the time I am suppose to go to college it’s going to be above $90,000 dollars. Now if you think that

College costs go up faster than incomes. This is copping out low and middle-class families from getting a decent college education. College is becoming so expensive that it is a dream to a lot of less fortunate people. The tuitions and fees are public universities have increased almost 130% over the past 20 years. Education prices shouldn't increase as jobs and income decrease; that doesn't make sense. For colleges to increase tuition fairly, incomes would have to increase making the average annual income more than $50,000. Whereas, in 2008, the median income was $33,000. That's a big difference. As prices increase, education opportunities decrease. This leads to a decrease in jobs. Ironic because businesses are looking for well-educated employees.

Pascal-Emmanuel Gobry, “The Reason Why College Is So Expensive Is Actually Dead Obvious,” and Ethan Siegel, “Why College Is So Expensive, And How to Fix It,” is based on what the reason behind a rising tuition actually is which could be vital for a nineteen-year-old female Pagan entering into

“The only way to be successful and make a good living you must go to college,” I’ve heard that millions time’s during High School. Thousands of students graduate each year and apply to Universities. Waiting to see if they are accepted or not to the school. Some attend For-Profit Vocational college’s and other’s go to Non-profit Universities. But, with admission is tuition, that is a required to be paid each semester for a student. The price of tuition has skyrocketed excessively throughout history. What happened to the cost of education? Why is tuition rising, have schools become a business rather than an institution? What is more significant money or graduation rates for the schools?

There is a correlation with the student loan debt that has been under watch for quite some time. The cost of a college education has been on a constant increase and has outpaced inflation. It has been shown and is proven that a student who comes from a higher social-economic status then others, as well as parents who are educated with bachelor and or master degrees are more likely not to be in debt or severe debt compared to someone who is not of the same background and of a different social economic status .For example, a parent(s) who live in debt or below the poverty line. Many of these students rely on student loans in order to escape and or bypass these social obstacles. In fact, according to Soilis and Durband (2015, p.93) attending college and acquiring a degree is considered a wise financial decision by many. This is because college graduates statistically increase the amount of income earned over their lifetime. Education has been seen and becomes more of a human capital investment (Becker, 1964) that reaps

School is boring. College cost too much money. Is college always the best way to a lasting career? What field of work should I go into? I don’t know what I want to do with my life. I heard vocational schools are for people with bad grades, is that true? I have heard all of this from my peers in high school. Truthfully, I have asked myself some of these same questions, especially in the last few months with high school graduation being less than 18 months away. For me, high school has been mostly enjoyable, but other times not as much. In fact, two of three students in American high schools are bored in class every single day. This statistic makes college look like a dreadful option. If high school was not great, why go to college some might think. Well, you don’t have to, but it is an option you will have to make for yourself. Deciding what to do after high school is an enormous deal because it will affect what you do for the rest of your life. You may get stressed out over that thought, but knowing your options may help you find what is best for you. Here are some options for students coming out of high school. These include college, vocational school, and working right away.

In my own opinion I believe that the three main causes of increases in the rising cost of college has to do with: state funding, a college degree is in higher demand these day, and bills for everything has just skyrocketed in all areas of our economy otherwise known as inflation. College has never been cheep but has it been more afford able? Yes. I here my parents who are in their 40’s talking about still paying off their student loans but I’ve never heard my grandparents ever having to worry about theirs. This must have to do with the difference in the economy from each generation.

Student debt affects career choice, the ability to start a family, and can affect even the ability to just be able to purchase basic necessities (“Life Delayed”). Since many are dependent on loans to receive higher education, this can affect their career choice. Students may have to choose a career in which they will finish school the soonest in order to be in as less debt as possible or they may choose a career that will pay well after graduation but they will be stuck in a career they do not like. This sets up a vicious cycle that if the recent graduate doesn’t have a decent start after graduating, they may never get out of debt and