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Cost Of Higher Education Essay

599 Words3 Pages

Millions of students are in the midst of another busy semester hustling to secure jobs, networking, or even the coveted internship positon. For many one thought percolating in their mind throughout the semester is a feeling that plenty of us students are unfortunately accustomed to as we ask ourselves: How will I finance my education? The high costs associated with a college degree marginalize a segment of the population, denying some minorities and/or those of lower income opportunities to life changing degrees.

No doubt, the United States higher education system is admirable, but its primary detractor is the high cost for countless students who want to obtain a degree. Students should not fear pursuing their education on the basis of cost. However it’s not reality as they face seemingly insurmountable amount of debt when …show more content…

The median U.S. income in the United States is $59,000 as reported by the United States Census Bureau. It is important to realize that it is not the entire story as there are huge discrepancies. For instance, White, Black, Asian, and Hispanic (Any Race) reported median incomes of $60,349, $39,950, 81,431 and $47,675 respectively.

It is important to realize that College Board, a not-for-profit educational organization reports the average published yearly tuition and fees of colleges can range from $3,440 (Public Two-Year College in-district students) to $9,410 (Public Four-Year College in-state students) to $32,410 (Private Four-Year College). With this in mind, the cost of college for students can deter students of lower social-economic backgrounds from applying. The use of scholarships and other pools of funds can mitigate for some of the costs of college but not all as student loan debt has ballooned in the new

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