The Cost Of A College Education - 1265 Words

It is obvious to anyone who looks that the cost of a college education is rising at an alarming rate. Increased tuitions, decreased government funding, and increased institutional debt contribute to a $1 trillion student debt crises. These factors, along with critical mismanagement of funds on the part of Universities create an environment where education has risen at more than twice the rate of inflation. By examining educational institutions finances, we can begin to understand the problem, and how to solve it. In a study conducted by the Association of Higher Education Facilities (APPA) over a period from 2003-04 until 2012-13, the average instate tuition at America’s 52 top public Universities has gone up 31%. The new rates are effectively quadruple the tuition 25 years ago, while the average income has only increased 50%. The effect of this disproportionate rise in tuition means Americans must either save longer, or finance a greater portion of their education that in the past. During the same 25 year period, on average need based grants, such as Pell, went from covering approximately 75% of an education to only about 33%. This means that families are paying two and a half times as much for an education today as opposed to 25 years ago (2014, p. 31). Universities point to decreased state and federal funding as a critical factor in the increase of tuition. State support for higher education has been drastically cut over the last ten years. The APPA (2013) cites a studyShow MoreRelatedThe Cost Of College Education1362 Words   |  6 Pages In fact, what if I told you that a post secondary education can be of no cost to you or your parents, meaning no high interest rates, or additional fees to pay back. All you need is the desire to better your circumstances. No loan applications and debt required! Well, I wish that had been offered this proposition before graduating high school, and not worry about whether or not my parents could afford to send me to a traditional 4-year college. We are all currently sitting in this classroom to satisfyRead MoreThe Cost Of A College Education764 Words   |  4 Pages Often students don’t believe they can afford college. Their parents don’t have the money to assist the m and they know working a part time job isn’t going to cover the cost of a college education. These students should have the same opportunities as everyone else which is why the government has setup some programs for students that are in need of financial assistance. Many students may wonder what kinds of federal grants are available. There are a number of grants available; someRead MoreThe Cost Of College Education857 Words   |  4 PagesVermont said, â€Å"The cost of college education today is so high that many young people are giving up their dream of going to college, while many others are graduating deeply in debt† (â€Å"Brainy Quote†). Each year students take out loans to pay for a college education. Is it really necessary? They are just going to be a statistic. I believe everyone should not go to college. College is not for everyone. I believe everyone should not go to college. Not everyone should go to college. Most jobs do not needRead MoreThe Cost Of College Education1340 Words   |  6 PagesAs the cost of college education continues to rise exponentially year-by-year, politicians are talking about either or not to make it free. Presidential candidates like Bernie Sanders raise the point of making all public colleges free, and others like Hillary just want to end student debt. Making college a free and accessible to anyone sounds like a great idea, in theory, but in the United States it is not so feasible. At least; not the way some politicians plan on making it free. Reasons for whichRead MoreThe Cost Of College Education1375 Words   |  6 Pages â€Å"The cost of college education today is so high that many young people are giving up their dream of going to college, while many others are graduating deeply in debt.† by Bernie Sanders (College). As the famous candidate for presidency says, college education may serve a greater purpose, but the increase in unpayable debt is an issue for young adults who have a hard time in finding a reasonable payment plan when student loans exceed the living costs. Student debt has exceeded from 2003 to 2012 byRead MoreCollege Education Is Worth The Cost Of College926 Words   |  4 Pagesidea that they will go to college. However, few individuals take the time to think about the essence of a college education. For some people college education is worth it whiles for others it may not be worth the cost. General assumption of not making it to college and still making it in life has now become a wise saying for desperate people who have decided to chase money but not a career. A recent s tudy emphasized that one can eventually make it without going to college but how many people do makeRead MoreIs A College Education Worth The Cost?1283 Words   |  6 PagesIs a College Education Worth the Cost? Have you ever just stopped to think about what it must be like to be â€Å"qualified† for a job yet be unemployed and homeless? Starving on the streets because you paid everything you had to an institution that was supposed to guarantee a better life, a more stable and successful career. Obviously this is an extreme case, not everyone who pays for college ends up living on the streets and broke, but almost every college graduate is in debt. For as long as collegeRead MoreCollege Education Worth The Cost960 Words   |  4 Pages College Education Worth the Cost What you guys think does College Education Worth the Cost? In the article â€Å"The Wall Street Journal† edited by Riley, she said that a college education does not worth the cost. Again, she claims that most of the colleges are doing their business, they did not care about the student (Riley). Those types of colleges have lack serious core curriculum, they did not know their responsibility towards the student. Moreover, I willRead MoreCollege Education Is Worth The Cost846 Words   |  4 PagesMany recent college graduates have faced record levels of unemployment. This situation has lead people to question what they value about higher education. Some high school students and their parents are wondering if a college education is worth the cost. Others, however, believe that a college prepares students for more than just a job or career. Many people then present the counter argument that people like Bill Gates, Steve Jobs, and Mark Zuckerberg did not have a college degree, bu t unlike themRead MoreCollege Education Is Worth The Cost892 Words   |  4 PagesCollege Education In the article written by Rodney K.Smith he puts forward a clear argument about â€Å"Yes, a College Education is Worth the Cost.† There are more opportunities and doors open for those with higher education compared to those without. Higher education allows people to live in better neighborhoods; it brings financial security and stability. Financially secured people not only are able to afford extracurricular activities for their kids, such as sports, music lessons, art, dancing etc