Mike Patton’s article The Cost of College: Yesterday, Today, and Tomorrow argues that the overall expenses involved in college education have been heavily inflating over the past few years and if we don’t help slow the accelerating pace, the economy could crash or collapse. I disagree with most of the points brought up in this article. Patton mentions that for the majority of the middle class who doesn’t bother to earn a scholarship or military benefits, “a student loan may be the only option” (Patton, 2015). However, I believe that with true dedication and perseverance towards one’s dream career, getting a scholarship is easier than one would think. Even if the student were to fail receiving a scholarship, other options are possible, such
I read two articles about going to college and having student loans. One article I read was called, “The Cost of College: Yesterday, Today, and Tomorrow” by Mike Patton. Patton’s article talked about how the cost of college is increasing. The other article is called, “A Game to Help Students Pay the Right Price for College” by Ron Lieber. This article claims that the game payback helps students know how much they will be paying for college.
The reasons for this inflation in student loans, Oliver explains, are due to several factors. First, states have dramatically cut funding for education which has led to the rise of tuition at colleges. Since college has become more expensive, students are forced to take out more loans, which results in more bills (3). Second, Oliver states that many for-profit colleges charge their students five to six times the cost of community college and twice the cost of a four year state university. He further states that the reason why these colleges charge so much more has nothing to do with the quality of their education, instead the money is being spent on unimportant things like advertising.
But now since some schools are very expensive and tuition costs rising fast a college student is more dependent on loans. While wealthier students are able to go to college for longer periods of time students from lower or poor families are not able to pay for classes or college itself. Lower-income students, if they are able to pay for college, are not able to obtain the larger degrees the higher income students are able to while they are only able to get the smaller degrees. The authors state this by saying, “Fewer than 60 percent of students who enter four-year schools finish within six years, and for lower-income students it’s even worse.” (page 218, para
But, most colleges send award letters to prospective students that understate costs they’ll incur at the institution; overstate the generosity of the financial aid packages they offer; and obscure or misrepresent the true bottom-line price they will have to pay. Ms. Lowrey has made this point very clear in her argument against colleges. Cost disclosures are important for automobiles, real estate, credit cards, mortgages, retirement plans, investments, and private student loans. These requirements were established by federal and state laws and not by voluntary industry best
Even though the cost of college increased, the student debt did not. Exploring that thought, Mann proclaims “intelligence is the grand condition”. To receive intelligence, one must receive an education. Financial aid provides students with the resources to receive that education. Education prevents being impoverished As well Hoxby and Avery conclude that selective colleges cost “less” due to “financial aid”.
Going to college is similar to going to the casino, in the sense that many people are told they should be willing to take a loss for a possible win in the end. In his essay “It’s Time to End Tuition,” Jon Wiener tackles the problem we have in America in which students incur massive amounts of debt as a result of attending college. He is successful in painting a picture for his audience with an analogy describing how many people attending college in pursuit of higher education end up owing “more on their student loans than they do on their credit cards” (Wiener). In order to stop student loan debt problems in America we should provide more opportunities for individuals who desire more education by making tuition at public colleges free which
However, the increasing cost of college education has become a significant burden on the families of students and the students themselves. The factors contributing to the rising cost of college education include increasing tuition prices, room and board expenses, unnecessary fees, higher salaries for university staff, and the demand for higher education. Despite these challenges, states have yet to contribute more funds to help lower-income individuals achieve their higher education goals. The rising cost of college education is a complex issue that requires a multifaceted solution. It is essential to address factors such as administrative spending and the need for better policy in college administrations.
However, it is still an issue for students to cough up that money. The idea of making community college free to any student in America has been a dream for low income students for a while. President Obama’s desire to make the tuition of community college to everyone in the nation would only make it difficult for students to get a free education, limit them to essential resources, and discourage students from applying to four year universities. Granting free community college tuition to incoming freshmen will draw “more students to already crowded community colleges”. Along with the overcrowded campuses, a very long waiting list will soon form making it just as competitive to get into a four year university.
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
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
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
During the 19th and 20th centuries, colleges across the country provided students with a tuition-free or reduced tuition college education. This is because before World War 2, college wasn’t necessary. “Only about five percent of the population, most of them white men, had a bachelor’s degree” (Kamenetz). Because of these low numbers, college was cheap.
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.
Did you know that Forty-one percent of four-year college students did not graduate within six years? College students around the country are in insane amount of debts and have no way to get rid of it and that’s a reason many do not graduate. Due to the rise in costs to attend college there has been discussions about free education, but how the debt could have been minimized and the effects on economy have not been brought up. College education should not be offered for free to all students because of the missed opportunities and unintended costs of free education are very expensive. Students don’t take advantage of the opportunities they are provided in high school, like dual-enrollment, that could save them time and money in college.
