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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

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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.

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In the most recent years colleges have started to either charge or raise tuition prices to make them almost impossible to pay. Against raising prices of colleges. Main point 1: The documentary Ivory tower gives the nation 's top colleges tuition rates and where that money goes into. College investing money into administration or building instead of teachers or scholarships. The number of administration is more than double the amount of teachers.

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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.

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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.

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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

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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).

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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

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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

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