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College Tuition Essay

947 Words4 Pages

As many Americans may know, the tuition and enrollment for higher education has increased immensely. Believe it or not, it is just about 4.5 times more expensive than it was 30 years ago (Bestvalue). There are many reasons the tuition and enrollment have increased. Some of which are inflation, unemployment rates, high school completion rates, and many many more. Not only is the tuition of college rising, but it will continue to rise if something isn’t changed. The average published tuition of a full-time student attending a 4-year is $9,410 which is 40% higher than it was in 2006(Trends). For a two-year school the average tuition is $3,435, which is 29% higher than it was in 2006(Trends). Now, not all college students pay for college …show more content…

When you attend college and leave with a 2 year, 4 year, or and even higher degree, the amount of money you can potentially make annually and over the course of your career tends to increase. According to the US Census Bureau a high school graduate with no college degree will make about 1.2 million dollars over the coarse of their career, while an individual with a bachelor’s degree will make just below double that at 2.1 million dollars over their career. A graduate with a professional degree could potentially make 4.4 million dollars before retirement. This is used as motivation for young adults to continue their education if possible. There are 2 different types of institutes when referring to profit, which are for-profit and non-profit. For-profit colleges are pretty much what it sounds like, it is a business that strives to make money. These institutes are privately operated, but somehow 90% of their revenue comes from federal student aid(Treasury). For-profit institutions are actually increasing their enrollments more than any other institute, which has grown from 200,000 students at the end of the 1980s to almost 2 million students today (Treasury). For-profit firms have been positively impacted by the increase in tuition, because the percentage of people interested in the private schools usually are prepared for the cost affiliated with

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