In 2011, only about seven years ago, our own university’s tuition cost a whole five thousand dollars less than today. It's scary to say that the inflation of Colorado Mesa University's tuition is not amongst those with the highest inflation rates just in our nation. Dartmouth University of New Hampshire has an insane tuition of nearly $50,000. Now let's remember that these numbers are representing one year, two semesters, of schooling. For those who would be studying for a bachelors would have to spend around $200,000 before earning a degree. These numbers are absolutely ridiculous. We are setting our students up for failure in there life by loaning out insane amounts of money. Money that our economy doesn't even have itself, but they expect …show more content…
This essay will give a clear explanation about this growing problem and some other solutions students are turning too.
When parents and students look into applying to college often the first thing they look at is the price of tuition. Usually on the website there is a flat number of cost for the year. However, once you start applying and get accepted the price often changes quite a bit. They factor in classes you are enrolled in, whether they are online or physical courses, any extra curricular activities you embark in, and even extra “student fees” they may find they need to charge you. This increase is not my a hundred or so dollars, no this inflation is increased by thousands once they add up all extra fees and next thing you paying three or even five thousand more than anticipated; this doesn’t even include books! This inflation is not the same for every student either. The college looks at your tax returns, FAFSA , and any other financial statements they might ask you for and determine how much extra to charge you based of your economic stance. This is called price discrimination. This occurs when the market sells the buyer a product based on their willingness to pay for that product. A
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Loans are only a temporary fix and many who do take out loads end up paying for them many many years down the road. In my mind that was my last option, taking out a student loan. FASFA gives you an estimate with what your family should be able to aid you with. The number they gave me was $3,500. FASFA never asked about personal bills of my family. They only seemed to care about tax returns, salary, and number of family members in the household. What about those families with medical bills or any other situations? For many of my friends, college came up just out of reach. Instead many of them went into the workforce or through a trade program and are successful now. Many are in the process of buying a house and hold reputable jobs. Once I asked them why they didn’t decide to go to college and many either said it wasn’t worth it or they couldn’t take that chance of debt. Society has this stigma you can’t be successful without a degree. My friends are living a pretty good life with jobs paying twenty three dollars an hour. Preston Cooper of Forbes explains, “Among recent high school graduates from families earning below $30,000 per year, 39% enroll in a four-year college, while another 24% enroll in a two-year college. By contrast, 61% of students from wealthy families (those earning above $100,000 per year) enroll in four-year schools and 21% enroll in two-year schools.”. This shows that those of poorer families
What a shock this has given me and especially to other that are concerned with the paying or attending college. The rise of price for a higher education has brought many questions such as if the we are to believe that the education of today is worth more then the education from the past. Like I can’t believe how we are taken advantage over the price of our education and, shouldn’t the prices of all university be the same. Wow, this statistic has shown how greatly this problem has impacted us students, and has shown how public universities have taken an advantage on pricing our
College tuition The cost of going to college is getting ridiculous. If a student were to apply to an out of state public college in 1997 they would be paying on average $8,840; now at the same out of state public school they would be paying around $26,010. Are we expecting people who have little money to stop their education even if they want to keep going or be in a huge amount of debt? If colleges were tuition free or had minimized costs the economy would be better or could improve and so would the lives of millions of people.
Today, I would like to talk to you about a critical issue that is affecting over 15 million young Americans as we speak - the rising cost of college education in the United States. With tuition costs soaring every year, increasing over 175% in the last 20 years more than three times that of inflation, many students are forced to take out loans to finance their education. While loans may seem like a good solution to the problem, they have significant drawbacks that are hurting the future of our country. First and foremost, the loan system for college education in the United States is not sustainable. The total amount of student loan debt in the United States has surpassed $1.8 trillion according to NerdWallet, and it is growing at an alarming rate.
The outrageous increase in costs associated with attending post secondary education in America is responsible for why many students have become in debt by student loans. Until our country understands the statistics and all together becomes morally raged, this problem will not be addressed and more and more generations will be lost due to this “pandemic” of college
Studying at university is an expensive investment. Tuition fees have a disincentive effect on the students who from the lower and middle-income families. As Bruenig states the statistice of the college students from the poor and rich families “ At age nineteen, only around 20 percent of children from the poorest 2 percent of families in the country attend college. For the richest 2 percent of families, the same number is around 90 percent. ” Also, most of those students want to achieve better lives so they attend the higher education.
The cost of tuition is an incredible problem in today’s education system throughout the United States because it hinders the people who want to go college but cannot afford to do so. The price of tuition is a burden to those who are actually attending
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
Every year college prices dramatically increase. People are constantly debating with themselves whether college is worth the cost or not. Since the cost of college is constantly increasing its harder for people to keep up with the cost. Although the price of a college education continuously increases, it is worth the cost since college graduates make more income and become more successful than high school graduates. A solution to this problem is for colleges to stop making students spend extra money to turn colleges into a “country club”, and for colleges to focus on education not “country clubs”.
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
Many people dream of a life filled with riches, but that dream is hard to obtain without a college degree. It is somewhat ironic how people dream of being a successful student and going to college but the cost of tuition turns that dream into a horrible nightmare. It is not a shock to most people when they that college tuition is expensive, but in the past few years it has increased to an all-time high. Lower and middle class students have now begun to realize that college tuition is holding them away from their dreams. Even though college tuition could provide opportunities for job creation and economic growth, tuition is not affordable for the average American household which in effect, prohibits students from taking opportunities like going to college in the first place.
The author highlights the drastic change in college tuition by saying tuition for “ a four year college has increased by 1,222 percent since 1978” (Ellison). It shows, the price these days a much higher than nearly forty years ago, which is a massive change overtime. According to the National Center for Education Statistics the average cost of college tuition for instate students was two thousand dollars, for a four year college that would be eight thousand dollars. Taking the stats brought forth from Ellison, increasing that price by “1,222 percent” means that college students are now paying $100,000 for a four year instate college. Ellison does this to show that “college is more expensive today than any point in U.S. history.”
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.
Yet the amounts of financial aid they receive are generally never enough for most students, and they continue to carry the debt for most of their miserable life. The ideal adult working life that most people desire is probably the one where they work hard to
From the time we start our careers as students in school, we are told that in order to gains success in life we must attend college. That after high school, college is no doubt the next step we should be taking. Yet, for most students that are not wealthy this goal is almost unattainable. If the majority of students can’t afford tuition, then why is the tuition rate so high? Its certainly not an accident.
Parents across the nation have found it much harder to pay for their children’s education due to these rising costs. For example, in states like Arizona, Georgia, and Oklahoma “parents have seen a 77 percent increase in costs. In Georgia, it's 75 percent, and in Washington state, 70 percent” (citation). These rising costs would be especially challenging for young adults. Working for a college education is a challenge, and many cannot overcome it.