Introduction
College tuitions increase is not a recent phenomenon in America. In fact, this inflation of college fees started, at least, a century ago, but it was not until the 1970’s when the tuition fees grew enormously, even faster than the rate of inflation. At the moment, college tuitions in the United States of America are exceedingly elevating, which causes some people not to apply for university or college and just rely on their high school diploma to apply for a job. Moreover, these high fees have been the reason that many families went into debt in order to pay for their children to attend university. Furthermore, a holder of a Bachelor degree earnings is relatively higher compared to those of a high school diploma holder. As college
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Furthermore, Li (2013) noted that by 1999 workers with higher education earned a higher salary by 1.8 times more than a worker with a high school degree. However, as the demand for higher education have been increasing, in the past few decades, the increase in the total spending of universities and colleges on their facilities and faculties are correlated to the higher fees that students have to pay for their tuitions. Additionally, according to Li (2013) high school and SAT completion has increased from 83.9 percent in 1980 to 89.8 percent in 2009, consequently, this increase resulted in an increase in the demand for higher education. Moreover, universities do not accept all applicants even if they are able to pay full tuition fees, however, they only accept eligible students thus, as a result, the market becomes more competitive. Furthermore, as the wages in industries increase universities must increase wages as well in order to stay competitive in the market (Li, 2013). Therefore, this increase in wages will result in higher fees for students. In addition, Li (2013) claims that even though university prices have increased, demand has been increasing rapidly as well. Thus, this increasing demand for higher education has resulted in a rapid increase in fees as well. In addition, technological advancement favor highly educated workers more than anyone else as these people are capable of dealing with the innovative machines and advanced technology and are able to make most out of them. Furthermore, as Li (2013) mentioned that being a skilled labor such as a university professor implies being highly educated, in this case, the cost of hiring professors has increased which eventually lead to an increase in the overall cost of higher
The author cites various statistics showing the degree of grade inflation in higher education, including the fact that the average GPA of U.S. college students has risen steadily over the
In recent years, the economy and job outlook has become super competitive throughout the States. With so many people seeking and applying for the same job, employers can only afford to hire a very small amount of people. As a result, they choose the best qualified applicant, which most likely means the applicant with the highest education. With competition increasing exponentially, it is becoming more and more difficult to find, let alone keep a job. That is why college is a necessity in today’s society.
The student loan issues are causing huge problems on both students and society it seems clear enough that students are borrowing a lot of student debt, and they are failing on that debt and aren’t capable of paying it back and that is destroying their ability and threatening their ability to access any more credit in the future. The approaches students are taking to a student loan debt collection are fraught with many problems, including bad recovery tactics and failing on making repayments on the debt. There is no escaping the fact that the cost of college tuition is on the rise and it’s not declining, and that is making it more difficult for students to obtain a degree which is really important to acquire to be able to function in today’s
In the last fifty years the world has gone under many changes but one that is really shocking is the escalating prices of colleges. Since 1985, the price tag in American colleges and universities has
Journalist Sophie Quinton discusses how college expenses are constantly rising, though many states are now reducing instate tuition in her recent article, “States Move to Curb Rising College Tuition. Quinton informs readers that colleges are not only cutting college tuition, but freezing it. As a result student loans are soaring nationally, and schools are forced to become more efficient. Student loans are then causing debt, that later affects a students’ life in numerous ways. College students today, tend to lean towards nicer looking colleges, rather than a higher education.
In “A Quick Way to Cut College Costs” Steve Cohen provides a rationale for the price of college education. He says that the price is appalling and abnormal and that in the last 30 years it rose five times faster than other prices. He argues that the surest way to reduce the price of college education is for Congress to take action to significantly decrease the E.F.C and that will force colleges to provide more accurate financial aid. The author claims that the E.F.C, which is estimated by the Department of education, is not thorough because it doesn’t take into account many factors.
The financial burdens that college leaves with the families and students needs to be addressed as student loans keep racking up over time. The cost of tuition for colleges has risen drastically over the years and has bounded students to only one or two college choices to choose from and at some points tearing away the opportunity to go to their dream college. However, one reason college has driven up in price is because the value it brings with it’s degrees, but it should not limit those who can not afford the worthy degree. College should be cheaper as it will ease financial burdens and broaden the choices of those wanting to attend
Some college students are working part-time jobs and are full-time students. Perhaps, working through college will not always cover all of a student's education expenses including books, supplies, room and board. If free tuition is given, students will have further time to educate themselves. Moreover, college tuition and prices are at an all-time high. Each year, prices are rising higher and higher.
According to the article, around 60% of american undergruduates are under debts which indicates that most of college students can hardly afford college tuituion nowadays. If universities continue to increase tuition with a high rates, it might cause more students cannot afford a college degree. Author points out that accessability to student loan is one of the reason which caused dramatic rise in tuition. Therefore, author thinks that Congress should regulate college and spend more on educations. The source is new and creditable.
Since tuition has risen 3 times higher the rate of inflation in the past 10 years, this increase a student’s chances of not being able to afford higher education and also gives them a better chance of accumulating debt post-graduation. Some people think that the college education they acquired did not fit the amount they paid for it, even if they pulled out loans or were an ideal candidate for a scholarship. This is a scary fact because higher education can determine if you thrive
College should be free in the United States for multiple reasons. These reasons include, but are not limited to, the following. College is too expensive for the majority of the population of the United States. If college was free, it would let people explore their horizon, and have an easier time finding a desirable career. College has been proven to be effective, and even shown to have been working in the united states for over 100 years.
The cost of college tuition is an enormous problem now days. For a long time, the subject never got brought up and today things are changing. Students study hard and try their best to get that college acceptance letter from their dream college. Students all around the world are struggling with college debt and trying their hardest to receive those so-called ‘perfect’ grades. However, college tuition is not very affordable and is increasing every year.
Society often believes college is a necessary experience for a better future, but I argue that the future will not be any better when student debt becomes a part of life for those who follow that mainstream belief. Most parents often dream of the great colleges and universities that their children will get accepted into; however, they fail to think of the cost to attend those institutions. Financial aids! Financial aids! Yes there are financial aids that students can apply to lessen the student debt.
According to the New York Times, “about two-thirds of bachelor’s degree recipients borrow money to attend college, either from the government or private lenders, according to a Department of Education survey of 2007-8 graduates.” On average since 1980, college tuition prices rise 7% a year. In comparison, the inflation rate is just 3.2%. But we have to remember that as long as the demand for higher education continues to rise, the price will also rise. In order to pay for the absurd prices of higher education, students should not have to end up turning to loans.
College is not cheap, a hefty fee is often payed by those who want to attend, often out of their own wallets. It is no secret that funding a college education is getting harder and harder. Thus begs the question, is the charge of Universities becoming too high? Yes, college costs have skyrocketed over the past decade (citation). Being capable of going off to a university to acquire an education is slipping for countless people due to the rising costs.