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Cost Of College Essay

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The cost of college is increasing year by year. It rose 5 to 8 percent this year, which is slower, yet still increasing. With all the stress, college is hard. Financially it isn’t easy as well as academically. Most people would agree that we are facing a growing crisis as the number of low income students who can afford to attend college decreases, at the same time that the president of the United States has called for an increase in the percent of students who pursue post-secondary education to meet national needs. The greatest source of pressure pushing up tuition at public universities is the decreasing of the state support to their state public universities. State legislatures have a big amount of problems to solve and too few resources with which to address those problems. But the reality of steadily decreasing state support is incontestable. Some administrators in public universities comment that over time, they have gone from being state-supported to state-assisted to state-located. One can find examples of how we have …show more content…

But another reason colleges and universities are sending tuition rates out of proportion is simple, because they can. They can because student loans are easy to get, regardless of income. This makes students and families borrow money for college, rather than save. And since the vast majority of loans are protected, colleges know they will get paid, regardless if the student defaults. While some generous income-based repayment programs exist, where people can pay about 10 percent of their income and have the loan be forgiven in 20 years, they do not benefit families who have taken out loans to help pay for their children's

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