Although 2010 was not by definition, a recession year, it certainly felt like one. The growth of the economy was stifled, unemployment was stagnated at a little less than ten percent and interest rates and inflation were at near depression levels by year’s end. The state of the economy unequivocally influences tax collections and budgets, which in turn determines the financial prosperity of higher education, especially in the public sector. The two main sources of revenue for public colleges and universities are state appropriations and tuition. Generally, as cuts to higher education appropriations occur, campuses respond by boosting tuitions even higher. Yet, regardless of the size of the budget cuts, college and university tuitions …show more content…
For the fall semester of 2011, the two largest universities in Florida, University of Central Florida and University of Florida, intended on augmenting tuition costs 15%. For a student anticipating enrollment at the University of Central Florida, “that would mean an extra $17 per credit hour — or more than $300 more a semester for an 18-hour course load” (Balona).
Consequently, the absurd college and university tuition hikes have forced many prospective college bound students to shift gears on the journey to receiving their degree. In fact, many students have opted to start their college careers at a community college. Community colleges are designed to serve as a connection from high school to college by providing courses that are transferable to colleges or universities offering a Bachelor of Arts or Bachelor of Science degree and are generally more cost efficient. CNN Money journalist, Kim Clark reports that, “While community college tuition posted a sharp 8.7% gain, it's still a bargain: only about $3,000 a year for full-time tuition” (Clark). Clark also suggests that due to recent increases in federal grants and tax benefits, the average total aid was raised above the average tuition price of community colleges, therefore, “the typical community college student got the cost of
Trying to achieve your dreams and reach your full potential in a town that has little to no guidance for youth, especially African American men, is a daunting task. Too often, young men from my hometown are given limited options for their future. The education system made us feel as if we were only created to work in trade career fields, or sign our lives away for four to six years to the various branches of the United States Military. College was a luxury that many, including myself, thought would never be an option.
This article provides an insightful view into the perceived and real status of community colleges in relation to their university counterparts. Once thought of as a place merely for underachievers to attend for workforce training, Trowbridge points out these institutions now have more to offer. They provide an affordable opportunity for students to complete the same courses that are available at the university for a fraction of the cost. Noting the financial savings in comparison to the traditional university, along with the overall quality of instruction, local community colleges have become a viable alternative for those seeking a college education without the incurring unnecessary amounts of debt.
When you graduate high school you have your choice of what kind of an education you want to get. You have your choice of going to a 4-year university, or a 2-year college. In order to decide you will compare the two and use the comparisons to come up with your final decision. Questions to ask yourself would be, what are you looking for in college, how do you want to learn, and how much money do you have to work with. Comparing University and Community college the first thing that comes to mind is the difference in price. Certain Universities are more expensive than others. The difference in price is because of the difference in price and size, also because of the difference in 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,
From inception, public institutions have been primarily funded by the state they reside in. In the last couple of decades state funding of higher education has dropped significantly, with a dramatic drop during the recession that started around 2008. The drop in funding has pushed an additional loan burden onto students, and has forced universities to re-evaluate and change how they operate. Aside from making cuts, universities have become more creative in generating different sources of revenue.
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,
Community college is a great institution for students to start their educational journey. Especially when they do not have the funds or lack some of the prerequisite that a university would require. Community college was created to serve the community, traditional and non-traditional students with the best higher education and lifetime learning opportunities. The faculty and staff members at a community college is there to provide leadership in education while going above and beyond to recognize the needs of the students and the community by providing excellent educational programs and support services that are available to all who have the opportunity to take advantage of them. “Student services now include recruitment and retention, counseling, student activities, student health, financial aid, academic support, career centers, transfer centers, and supplemental services such as transportation, child care, and services tailored for specific populations of students” (Cohen, Brawer, & Krisker, 2014, pg. 209). My philosophy in fulfilling the role and mission of the community college, is to establish the mission, vision, goals and values to guide all students on their journey to strive to become successful both in school and in today’s economy.
Kris, a wife and a mother, worries about the increasing cost of higher education. She and her husband have a two year old daughter whom they are determined to send to college. They want their daughter to succeed in life, but they have to weigh the complications of going to college as well. “I have always thought about college as a “catch 22”...You’re taught from a young age that in order to achieve the “American Dream” you must graduate high school and go to college,” Kris contemplates (Kris 5).Throughout Kris’s ten years of experience with college, she has seen the tuition increase to shocking heights. In fact, she claims that community colleges cost as much as state colleges did when she first started her college hunt. Back then, she
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.
Tuition cost plays a vital role in deciding whether to attend a community college or a four year institution. According to Susan Stafford, “Tuition for community colleges is affordable while tuition costs at public institutions are usually at least twice that of a community college” (1). The tuition cost in universities can be overwhelming and highly unaffordable, This have caused many students to graduate with s heavy loads of debt but by attending a community college, an individual can
“Forty percent of college students choose community college…Whoever you are, this plan is your chance to graduate ready for the new economy, without a load of debt,” quoted President Barack Obama (Calvert). The average community college tuition is about five thousand dollars or less. Compared to an average four-year college, it can ten to twenty thousand dollars of tuition. Let’s say you decide to go to a community college after high school or whenever. You would most likely be saving a lot of money by going to a community college instead of a four-year school. Imagine how much you would save if America’s community colleges were free. Not having to pay for two years of college would save around ten thousand dollars,
The rising cost of education in Texas colleges started in 2003 when the deregulation was lifted. Then, soon after, the Texas State legislature cut the education budget because of a drop in the economy in 2008. The cut in funding and the removal of the deregulation law allowed colleges across Texas a way to recoup lost resources by raising the cost of tuition. The raising cost of tuition has limited the amount of attending students from graduating in the expected time frame, left students in debt, and has denied the chance of countless others from attending the college of their choice. This essay will reflect on supporting evidence to demonstrate how the increase of cost of college tuition over the past 10 years has affected future and current student enrollment.
So it’s not that colleges are spending more money to educate students, it’s that they have to get that money from someplace to replace their lost state funding; and that’s from tuition and fees from students and families (Sanchez 1). While most institutions tried to keep costs down, some took advantage of the public perception that a high tuition means a quality education (Sanchez 2). The problems that students face now are rising tuition, increasing loans and lacking financial aid to compensate. The fastest growing income for public colleges and universities in our country is tuition. Most students must take out loans to make it through college now.
David Leanhardt a correspondent for the New York Times stated in The College Dropout Boom that often times the thought of high tuition prices scare students away, especially lower-income students, before they even think about attending a college (92). And there is good reason for this. With the average four year degree costing $91,304 at public colleges and $179,000 at private universities (Merrow), tuition prices are ridiculously high. How are people expected to get an education with school costing so much? In the article Angela Whitiker’s Climb Isabel Wilkerson tells of Mrs. Whitiker’s near impossible climb out of poverty and into the upper-middle class. Ms. Whitaker, faced many struggles on her way up the ladder, but she worked hard, and eventually she wound up on top. Still through all of her hard work she could not have gotten to where she is now on her own. She needed someone to support her and her family emotionally, physically, and financially just for her to graduate with an Associate’s degree (202-16). It took a lot of time and effort for Mrs. Whitiker to get out of the place she was born into, and at times it looked like she would never get out, but she pushed forward, and lucked out. Most people don’t have the drive Mrs. Whitiker had, many students simply leave college when they begin to feel the pressure. In a study over college students, Merrow found that
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.