The Pros And Cons Of College Tuition

In 2011, only about seven years ago, our own university’s tuition cost a whole five thousand dollars less than today. It's scary to say that the inflation of Colorado Mesa University's tuition is not amongst those with the highest inflation rates just in our nation. Dartmouth University of New Hampshire has an insane tuition of nearly $50,000. Now let's remember that these numbers are representing one year, two semesters, of schooling. For those who would be studying for a bachelors would have to spend around $200,000 before earning a degree. These numbers are absolutely ridiculous. We are setting our students up for failure in there life by loaning out insane amounts of money. Money that our economy doesn't even have itself, but they expect

This essay will give a clear explanation about this growing problem and some other solutions students are turning too.

When parents and students look into applying to college often the first thing they look at is the price of tuition. Usually on the website there is a flat number of cost for the year. However, once you start applying and get accepted the price often changes quite a bit. They factor in classes you are enrolled in, whether they are online or physical courses, any extra curricular activities you embark in, and even extra “student fees” they may find they need to charge you. This increase is not my a hundred or so dollars, no this inflation is increased by thousands once they add up all extra fees and next thing you paying three or even five thousand more than anticipated; this doesn’t even include books! This inflation is not the same for every student either. The college looks at your tax returns, FAFSA , and any other financial statements they might ask you for and determine how much extra to charge you based of your economic stance. This is called price discrimination. This occurs when the market sells the buyer a product based on their willingness to pay for that product. A

Loans are only a temporary fix and many who do take out loads end up paying for them many many years down the road. In my mind that was my last option, taking out a student loan. FASFA gives you an estimate with what your family should be able to aid you with. The number they gave me was $3,500. FASFA never asked about personal bills of my family. They only seemed to care about tax returns, salary, and number of family members in the household. What about those families with medical bills or any other situations? For many of my friends, college came up just out of reach. Instead many of them went into the workforce or through a trade program and are successful now. Many are in the process of buying a house and hold reputable jobs. Once I asked them why they didn’t decide to go to college and many either said it wasn’t worth it or they couldn’t take that chance of debt. Society has this stigma you can’t be successful without a degree. My friends are living a pretty good life with jobs paying twenty three dollars an hour. Preston Cooper of Forbes explains, “Among recent high school graduates from families earning below $30,000 per year, 39% enroll in a four-year college, while another 24% enroll in a two-year college. By contrast, 61% of students from wealthy families (those earning above $100,000 per year) enroll in four-year schools and 21% enroll in two-year schools.”. This shows that those of poorer families