ipl-logo

Why Does College Tuition Increase So Much

1102 Words5 Pages

Max Herrera
ECO 201
Prof Berch
Why Has College Tuition Increased So Much? A few decades ago in America, the baby boomer generation paid for college with the minimum wage salary they made from their summer jobs. Then, over the course of the next few decades, tuition started tom increase faster than the rate of inflation, which in turn forced our generation now, the millennial generation, to take on huge educational debt. This leaves us where we are today, a generation of students graduating with more debt than they can handle. It’s an unfortunate reality we live in, but how exactly did this happen? There are a couple of theories that explain why the sudden rise intuition happened and why it happened so fast. One is that colleges are spending …show more content…

According to College Tuition is Getting More Expensive. Here's Who's Actually to Blame. By Danielle Douglas-Gabriel, colleges are constantly increasing their administrative staff, which receives large salaries; this causes the tuition to go up. As stated by US news in the Surprising Causes of Those College Tuition Hikes by Kim Clark, "Public universities spent almost $4000 per student per year on administration, support, and maintenance in 2006, up more than 13 percent, in real terms over 1995. And they spent another $1200 a year on services such as counseling, which was up 23 percent. Meanwhile, they spent about $8700 a year on classroom instruction for each student, up about 9 percent." These numbers show that in order to keep up with the rising cost of non-instructional resources colleges are forced to raise the price of …show more content…

This issue has made its way to the attention of the Obama administration. The solution to this problem was the development of a “college scorecard”. With this scorecard “You’ll be able to see how much each school’s graduates earn, how much debt they graduate with, and what percentage of a school’s students can pay back their loans,” according to Obama. This tool will aid in controlling what schools charge since it provides transparency to the costs of attending the

Show More
Related

Why Does College Cost So Much John Shoen Summary

404 Words | 2 Pages

In John Schoen’s “Why does College cost so much?”, he unpacks many ideas on the topic of tuition. In the reading, he uses Harvard, the school that raised tuition a substantial amount in 1971, as an example. The university justified the increase in tuition on rising inflation, which the article continued to state that tuition and inflation were not synonymous. Presently, Harvard charges roughly $45,000 a semester. If inflation were the reason for raising tuition cost, then students would only be paying an estimated amount of $15,000 a semester according to research and inflation models.

Read More

Summary Of John Oliver Student Debt

693 Words | 3 Pages

The reasons for this inflation in student loans, Oliver explains, are due to several factors. First, states have dramatically cut funding for education which has led to the rise of tuition at colleges. Since college has become more expensive, students are forced to take out more loans, which results in more bills (3). Second, Oliver states that many for-profit colleges charge their students five to six times the cost of community college and twice the cost of a four year state university. He further states that the reason why these colleges charge so much more has nothing to do with the quality of their education, instead the money is being spent on unimportant things like advertising.

Read More

Pros And Cons Of Obama's Free Community College

696 Words | 3 Pages

For many years, students have been pouring money into the bank accounts owned by colleges. Tuition, fees, books, dorm rooms, school lunches, and classes; these numbers all add up. Ranging from $9,000 all the way up to $31,000 per year for an average state college. People who've graduated from college are putting money back into their student loans rather than the economy. In the United States of America, legislation needs to be passed, resulting in post secondary and continuing education courses free to citizens.

Read More

Shouldn T College Tuition Be Lowered Essay

727 Words | 3 Pages

Tuition shouldn’t be raised, making students pay more for their students. Eventually, students will have to take out loans to cover their college tuition cost because they won’t be able to pay independently. Baby boomers use to pay for student’s tuition but over the next few decades, public funding for higher education was slashed. (Campous) When students graduate they don’t always receive a job in their field and sometimes the pay maybe low, leaving them to struggle to pay back loans. Even though student loan companies give you a six-month grace period after graduation loans still have to be paid be

Read More

Essay On The Cost Of College Tuition

1145 Words | 5 Pages

Since tuition has risen 3 times higher the rate of inflation in the past 10 years, this increase a student’s chances of not being able to afford higher education and also gives them a better chance of accumulating debt post-graduation. Some people think that the college education they acquired did not fit the amount they paid for it, even if they pulled out loans or were an ideal candidate for a scholarship. This is a scary fact because higher education can determine if you thrive

Read More

The Pros And Cons Of Lowering College Tuition

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.

Read More

Should College Students Get Paid For College Essay

816 Words | 4 Pages

It is amazing that the prices could rise that much in only 30 years, but it is the harsh truth that students have to live with today. A lot of the blame for the higher tuition prices can be attributed to the influx of smarter students and more colleges competing to get these high level students. Back in the 80’s, when the last of the baby boomers and generation Xers were going to college, it was a lot more affordable and working a part time job could pay for a lot of the costs. So, going to college for them was somewhat expected

Read More

Student Debt Argumentative Essay

901 Words | 4 Pages

In the last fifty years the world has gone under many changes but one that is really shocking is the escalating prices of colleges. Since 1985, the price tag in American colleges and universities has

Read More

Hidden Cost Of College Tuition

600 Words | 3 Pages

After all, The Tuition involves Paying for the Class, books, and other academic necessities. And to make matters worse, the cost of tuition is rising. Collegeboard.com reported that the average tuition went up 3%, even though the government reported no inflation for the rest of the economy (time.com).

Read More

What Is The Issue Of College Tuition Persuasive Essay

506 Words | 3 Pages

Most college’s College tuition went up gradually until the mid-1980s, at this point it increased dramatically because more people were going to college. Colleges will lose a lot amount of money they make but you got to think about the future of the world. It’s not all about money because sometimes students education means more than money But everyone has their own opinion, but I know that you will do something about this next president.

Read More

Argument Essay: Reducing College Tuition

1328 Words | 6 Pages

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

Read More

Starbucks Helping The Community Paper

1112 Words | 5 Pages

Referring to the graph, the cost of college tuition is very low at 1978 compare to 2008. In nowadays, college is expensive. The cost of in-state public university is at least eight thousand dollar per year. It is hard for people who do not  have a good source of income to pursue their education.

Read More

Rising Cost Of College Essay

817 Words | 4 Pages

According to the New York Times, “about two-thirds of bachelor’s degree recipients borrow money to attend college, either from the government or private lenders, according to a Department of Education survey of 2007-8 graduates.” On average since 1980, college tuition prices rise 7% a year. In comparison, the inflation rate is just 3.2%. But we have to remember that as long as the demand for higher education continues to rise, the price will also rise. In order to pay for the absurd prices of higher education, students should not have to end up turning to loans.

Read More

Persuasive Essay On The Cost Of Going To College

805 Words | 4 Pages

Not having free or low college tuition impacts many people, “between 2011-12 and 2016-17 tuition and fees have increased 9% at four year public schools, 11% at two year public schools, and 13% at

Read More

Is Advertising In Schools Worth The Cost Of Education?

594 Words | 3 Pages

At the start of 2000, the cost was about $9,135 and increased to $10,694 by 2008. (4) Many schools have slowly begun to struggle with paying for a higher education. The cost of higher education has increased more than medical costs have. Medical costs have only increased by 286% while the cost of education has had a 538% increase. (https://www.bestvalueschools.com/understanding-the-rising-costs-of-higher-education/) Think about how many people go to a hospital every day and how many go to school everyday.

Read More

More about Why Does College Tuition Increase So Much

Related Topics

Open Document