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The Pros And Cons Of College Tuition

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Believe it or not, the land of the free is truly not free. According to a report by Bloomberg, since 1978, college tuition has gone up by a dramatic 1,120%. Because our college tuition is rapidly rising at an uncontrollable rate, it should be lowered considering it is proliferating at a pace that students can no longer pay for it. Tuition gives students unneeded pressure and problems, and there are ways to give colleges more money--aside from the students. Foremost, college tuition is rising at an alarming rate that is becoming nearly impossible to pay for it. Due to this, many students are in need of loans. According to the Institute for College Access & Success, 66% of graduates from public colleges had student loans. 75% of graduates …show more content…

“According to a 2008 mental health study by the Associated Press and mtvU, eight in 10 college students say they have sometimes or frequently experienced stress in their daily lives over the past three months. This is an increase of 20% from a survey five years ago.” According to this, by now in 2018 more students would be not only be contemplating suicide, those people would have in a smaller time span. The experience of Jessica Hembree, a college student in the University of Georgia, is one that expresses the stress of students. “Athens resident Jessica Hembree, who wants to become a doctor, began her college career last year but she took this semester off. Why? She wanted, needed, to save money to pay the additional thousands of dollars it will cost her to attend the University of Georgia this fall. Hembree, 19, is working three part-time jobs, putting in about 40 hours a week, yet she hasn’t saved up as much as she’d like.” This quote expresses that some students, including Hembree, are forced to stop or limit their education from financial reasonings. And even though someone like Hembree is in pursue of an education and is willing to struggle and undergo all the stress of working job to job, these people are still unable to achieve an education due to the lack of money. “Your education is worth it, but at the end of the day, it’s stressful,” said Hembree, who began her college education at the …show more content…

Without doing so, our college graduate rates will continue to drop before our eyes. Which will lead to fewer workers in America. According to a recent study by Georgetown University’s Center on Education and the workforce, “at current levels of production, the U.S. economy will have a shortfall of 5 million college-educated workers by 2020.” Unsurprisingly enough, about “65 percent of all jobs will require bachelor’s or associate’s degrees or some other education beyond high school, particularly in the fastest growing occupations—science, technology, engineering, mathematics, healthcare, and community service.” While the United States is in need of more workers with these type of degrees, the college prices have not lowered it, has grown. And while we’re struggling to maintain our high school dropout rates to as minimum as possible, other countries are succeeding in college educational attainment. While older adults exit the working force when they retire our economic achievement will begin to drop as our college tuition continue to

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Although it is proven that college graduates make more money than early-career workers with high school diplomas, many jobs don’t need college degrees. “According to the Federal Reserve Bank of New York, 46 percent of recent college graduates were in jobs that don’t even require a college degree” (Why College Isn't (and Shouldn't Have to Be) For Everyone). Lots of young people would “rather be doing something else, like making money or painting murals”. So, the money and time spent on college are not worthwhile for a degree that is not vital to a

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906 Words | 4 Pages

Instead of increasing the cost of college people should increase the rate of people going to college before the United States decreases it rate of most educated in the

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623 Words | 3 Pages

As opposed to much of the past, most jobs today require at least a small amount of higher education, and the work field is increasingly competitive. This need for further education allows colleges to raise tuition costs, as most people have no choice but to pay the fees to have a career. Colleges are also spending more money trying to compete in rankings. Despite all this spending, the article states that “America has only the 15th-largest proportion of young people with a university

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996 Words | 4 Pages

Education is an essential component of personal and societal growth, and higher education has been shown to have a positive impact on both individuals and societies. Free college tuition is a contentious issue that raises important questions about the accessibility and affordability of higher education, and while there is so much to support the idea, there are also some drawbacks that must be considered. The topic of free college tuition has been debated for quite some time now. Those who are all for free tuition say having tuition-free colleges will help with higher access of education, help reduce student debt and can help the workforce’s numbers. Those against free tuition state that college is already or nearly free and that tuition free

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730 Words | 3 Pages

In this day and age, it is assumed that the majority of high school graduates will be attending college, whether a two year community college or a four year college or university. The problem with this expectation of young people is that college is expensive, which is why numerous people are pushing towards free college for all, not just for the academically talented. While overall publicly funded college is unrealistic, this country could slowly overcome this issue of college debt by providing more two year community colleges across the nation with the tuition of these community colleges drastically reduced. The major reason why many people are pushing towards publicly funded college is a because of the substantial rise in college debt over the last decade.

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1289 Words | 6 Pages

Rising College Debt College costs are rapidly rising. It is an undeniable fact and one of the major issues arising from this problem is student debt that in major cases can go into hundreds of thousands of dollars. National student debt is approaching 1.3 trillion dollars in the United States and rising every year (Douglas-Gabriel). Unfortunately, the majority of higher paying careers today a college degree is a requirement, and this situation is not likely to change. Different loan repayment options, more scholarships, and more help from state government could help offset the rising cost of higher education.

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In the world we live in today. Going to college is no longer a choice, or privilege, but rather a need for a brighter future . So the big question that happens to be going around is, “Is College really worth it?”According to Andrew J. Rotherham’s article “Actually, college is very much worth it.”, “5 Ways Ed Pays”produced by (The College board), and “Why College Isn't (And Shouldn’t have to be) For Everyone” written by Robert Reich. The answer to that question is yes.

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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.

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1198 Words | 5 Pages

According to BloombergBusiness college tuition in the U.S. again rises faster than inflation. Tuition and fees at most private nonprofit colleges have claimed more the 3.7 percent with an average of more than $31,231.00 per year according to a report by College Board. College tuition is a topic that is constantly brought up in the students mind constantly. Most believe that the cost of college has become outrageous and have thought about dropping out of school multiple times. About 79 percent of college seniors at a four-year school graduate with high student debt.

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1644 Words | 7 Pages

America began to see college tuition rates increase in the 1970’s and haven’t seen it stop since then, the rate is even outdoing inflation. One article put together facts from the Bureau of Labor Statistics and the Federal Reserve Bank of New York and found that college tuition and fees have increased by more than 1,122 percent since 1978 while the cost of housing and food rose less than 300 percent and the cost of medical care went up less that 600 (Quandt). The rates at which college tuition and fees are increasing are putting students in unmanageable amounts of debt. Keith Ellison, the U.S. Representative for Minnesota’s Fifth Congressional District, said that debt from student loans has become the largest form of personal debt in America,

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1328 Words | 6 Pages

In recent years, the economy and job outlook has become super competitive throughout the States. With so many people seeking and applying for the same job, employers can only afford to hire a very small amount of people. As a result, they choose the best qualified applicant, which most likely means the applicant with the highest education. With competition increasing exponentially, it is becoming more and more difficult to find, let alone keep a job. That is why college is a necessity in today’s society.

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817 Words | 4 Pages

Raising tuition year after year will cause a drop in applicants and affect current students’ retention rates. That is because tuition is already at an all-time high, making it harder for underfunded students to even think about entering higher education. Overtime students have grown increasingly frustrated with tuition rates. That is because in the past 20 years, "tuition increased twice as fast as the overall cost of living”

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771 Words | 4 Pages

The financial burdens that college leaves with the families and students needs to be addressed as student loans keep racking up over time. The cost of tuition for colleges has risen drastically over the years and has bounded students to only one or two college choices to choose from and at some points tearing away the opportunity to go to their dream college. However, one reason college has driven up in price is because the value it brings with it’s degrees, but it should not limit those who can not afford the worthy degree. College should be cheaper as it will ease financial burdens and broaden the choices of those wanting to attend

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901 Words | 4 Pages

There is many people that go to college, but because of the cost they don't get through college. The elevated costs of college cause not only students to struggle paying for college, but also to struggle financially paying for college when they are done. In many cases, after graduating, young adults who don’t find a job will become poorer, increasing the gap between the rich and the

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1154 Words | 5 Pages

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.

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