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Cause and effect of rising college tuition
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Cause and effect of rising college tuition
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Richard Vedder states that from 1984 to 2004, according to the Bureau of Labor Statistics, “College tuition has risen by 289 percent” (Vedder). The price for higher education has nearly tripled in two decades while the wages has moved nowhere near that amount. Vedder also states that “It took two months' income for the typical family to pay annual tuition when I entered North western University in 1958; today's family has to devote half its annual earnings” (Vedder). College used to be affordable, but now it is simply getting more and more expensive as time goes on. Student debt has been a major source of stress for many families and young adults leading to increasing numbers of depression, heart disease, Alzheimer's disease, suicide and the list goes on and on.
Make College More Affordable In the past 30 years, college tuition for private institutions has increased by 146 percent, two year colleges rose by 150 percent and state four year universities by 225 percent (trends.collegeboard.org). Because of these drastic increases in tuition, college is becoming more unaffordable for the average American. People are starting to question if college is worth the expense. According to Washingtonmonthly.com, state support for public colleges and universities has fallen about 26 percent within the last 20 years.
Many people dream of a life filled with riches, but that dream is hard to obtain without a college degree. It is somewhat ironic how people dream of being a successful student and going to college but the cost of tuition turns that dream into a horrible nightmare. It is not a shock to most people when they that college tuition is expensive, but in the past few years it has increased to an all-time high. Lower and middle class students have now begun to realize that college tuition is holding them away from their dreams. Even though college tuition could provide opportunities for job creation and economic growth, tuition is not affordable for the average American household which in effect, prohibits students from taking opportunities like going to college in the first place.
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.
For these reasons, college should be free, for it would help so many individuals, communities, and the economy. Lastly, the level of debt that has begun to take claim to the lives of the American people is a huge problem. Among these reasons, the debt each student accumulates is the most important issue to fix for them. The first major issue with the current state of college tuition is that it is just too expensive for a large portion of the american population.
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
College is one of the most important and life changing times in the life of an American. Leaving high school behind and venturing out to the adult world is an amazing experience that every individual should experience. However, young adults from every corner of the country leave college with crippling debt or do not go to their preferred college of choice. College education should be cheaper as it will help families and students financially and give them the satisfaction with having the opportunity to go to their first choice for college.
This increase in college tuition fees has made attending college that much harder for current students. In addition, the College Board also stated that money borrowed for school has increased dramatically from $435 billion to $1.19 trillion in the span of 9 years thus proving there is more money being borrowed instead of saved for college. The opposition would argue that a student may get a better paying job with a degree. This is not true, however, because you are trying to pay off your student debt with the money that you make. Even if you make more money you have to pay a big bill.
As the school year comes to a close and the only thing on a senior’s mind is how are they going to pay for college? Throughout our high school careers we always get asked what our plans are after high school and never how are you going to pay for that next step of your life after high school. We barely get prepared for the real world in high school we are forced to take classes the school thinks will be good for us not what we think or what will be best for what we want to study for in college. How are high schoolers supposed to be able to pay for college when they don’t get prepared enough in high school to go on to that next level of schooling and have to more than likely go into debt just to be able to pay for it. Colleges should no longer cost an insane amount of money to go there.
College costs are skyrocketing, and at the same time we have students wanting to learn and become educated in order to contribute their knowledge to society. The student loan debt crisis is weighing upon us, so we need to reform the system. If I had the power to make a change, I would cut the costs of college education and lower student debt by a reformed banking system. One of the major causes of the student loan debt crisis is high interest rates for student loans. Too many banks offer loans and do not think how these students are going to pay back the money.
In today society, people are easily looked by their college degree level and they can be judged by their degree. But not everybody can afford to go to college in order to get a degree. People have different reasons of not going to college but most of the reasons are because of the tuition. Tuition are too high and they can not afford it. If the free college situation does not make a great effect on the economy, I believe that college should be free because free college can encourage more students to go to college, earn a degree and can decide on their future without the worry of paying debt and contributing to create a better society with their knowledges.
Some college students are working part-time jobs and are full-time students. Perhaps, working through college will not always cover all of a student's education expenses including books, supplies, room and board. If free tuition is given, students will have further time to educate themselves. Moreover, college tuition and prices are at an all-time high. Each year, prices are rising higher and higher.
Moreover, I strongly agree that college tuition should be free for students because education is very important for student all over the world. When one government allows students to attend at the college for free, the benefit is good for both of them because when they are educated in their community that will get a lot of business minded students, such as doctors and teachers. However, when students cannot go to college because of the high tuition, they will engage in crimes, drugs, and many young teenage girls will get pregnant because they are not smart enough to handle their lives. In contrast, when a student goes to college they will know what diseases are and they will know how to protect themselves from diseases and unwanted pregnancy.
“ ( trade-schools.net/articles/should-college-be-free.asp). This shows with college tuition being free more people can be happy and less stressful. In addition, college education should be free since it gives students the life that they wanted and concentrating on their studies. College tuition should be free because it could
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.
