Rising Cost Of Higher Education - 1345 Words

I have selected to write about the rising cost of higher education in the United States. In mass media we see discussions of how expensive it is for students to afford admission to a four-year college, student debt being higher than it ever has in previous years, and how these consequences make it difficult for graduating students to attain social mobility. As a student, it is within my best interest to discover the social factors that influence the cost of attaining a college degree. Many of my associates have struggled with college due to the costs associated with it, and are individuals who I feel could be very successful if debt and budgeting was not as large of an issue. I feel that the pursuit for higher education is a goal to be valued, and students should not be heavily crippled by financial issues or debt in following this pursuit. It is in having understanding in the problem and the circumstances that influence it where we as a society can work towards an effective solution . It is generally agreed that the cost of higher education has increased significantly over the past forty years. Tuition has increased by almost 500% since 1986. (Willie 2012: 1666) As of 2013, aggregate student debt has reached over $1 trillion. (Consumer Financial Protection Bureau 2014) From the trends economists have seen, it is clear that the cost of education is quickly outpacing inflation. Because of this massive rise in cost over the years, economists have examined some of the factorsShow MoreRelatedThe Rising Costs Of Higher Education1187 Words   |  5 PagesThere is no doubt that pricing of higher education has increased, changing the number and groups of people that are able to receive it, often being those with a high socioeconomic status. The rising costs of many colleges cause many people to wonder whether or not a pricier education really results in a better life (including better/more job opportunities in the area studied). As a result, many prospective American stu dents are examining alternatives in hopes of reducing their debt load. One ofRead MoreThe Rising Cost Of Higher Education2468 Words   |  10 PagesThe rising cost of higher education is a topic of large concern today. As tuition prices continue to grow at a quicker pace than housing prices, consumer prices and average hourly wages, it is becoming harder and harder for the average American family to afford going to college. What factors have been driving this large rise in tuition prices? This thesis aims to set up a supply and demand framework to analyze the various forces that may be driving the price of higher education to rise above theRead MoreThe Rising Cost of Higher Education Essay1209 Words   |  5 Pagesprestigious Yale University will cost an average of $38,300 (collegeboard.com). Many students who deserve to go to this school may miss out because of the cost and lack of financial aid. The rising cost of college may put higher education out of reach for the average Am erican. This paper will look into the reasons behind the steady rise in prices, the legitimacy of a college education, and why recent graduates are struggling to find jobs in this tough economy. A college education is now as necessary forRead MoreImportance of Higher Education1525 Words   |  6 PagesHigher education is the foundation for growth within our global economy. Students who properly utilized the system to its fullest extent, garner life altering skills and abilities. These skills, which are often transferable from industry to industry further, enhance the quality of life for society. Many of the worlds brightest students help create, lead, and establish many of the worlds dominant organizations. These organizations, in turn, create goods and services that provide a compelling valueRead MoreWhat are the Problems of Rising Cost in College Tuition?1323 Words   |  6 PagesWhat are the Problems of Rising Cost in College Tuition? College fee is the main factor that depends on which institution of higher learning that a student is likely to join unless awarded a scholarship. It directly depends on one’s financial capability. The poor afford the cheap and less desirable intuitions that they can be able to afford while the rich can get access to high class type of education. Policies exist that govern the ability of institutions increasing their fees and at the sameRead MoreThe Effects Of Rising Tuition On Students Choice Of Future Career Field1308 Words   |  6 Pages The Effects of Rising Tuition Costs on Ferrum Students’ choice of future career field Christin C Hyslop Ferrum College Fall 2014 The Effects of Rising Tuition Costs on Ferrum Students’ choice of future career field Introduction Do rising tuition costs affect Ferrum College students’ choice of major? Descriptive research will be done to determine if there is a relationship between rising tuition costs and Ferrum College students’ choice in major. A sample set of students attendingRead MoreCost Of Higher Learning At College1491 Words   |  6 PagesCost of Higher Learning In order to have a better life and a better job today, a high school degree is usually not enough. Many people dream about having a college degree, but the costs of education being too high, could turn those dreams into a nightmare. It is no secret that a college education is expensive, and in the past few years, it has hit an all-time high with no signs of slowing down. The average college tuition cost in America universities and colleges continues to rise yearly. Many studentsRead MoreDriving The Cost Of Higher Education1063 Words   |  5 PagesDriving the Cost of Higher Education It seems as though the correct step for young people to follow after high school is college. We are constantly told that if we wish to be successful, then we must get a degree. However, with the rising costs, it’s seeming like fewer people are willing or able to take the next step into higher education. Cries about the sheer insanity of the rising costs blur into a cacophony of anger and frustration. The discussion of whether it’s even worth the cost have alsoRead MoreShould College Be A College Education?1614 Words   |  7 Pagesmine is access to higher education. College is an incredibly integral step into adult-hood, and while there have been those that have seen large amounts of success without a college education, statistically speaking, you’ll be hard pressed to find a position in the field of work you prefer. Ironically, in today’s economy, you’ll be hard to pressed to find a job in your desired profession even with a college education. Ov er the years, college has seen unending rising tuition costs, largely in partRead MoreThe Cost Of A College Education1265 Words   |  6 PagesIt is obvious to anyone who looks that the cost of a college education is rising at an alarming rate. Increased tuitions, decreased government funding, and increased institutional debt contribute to a $1 trillion student debt crises. These factors, along with critical mismanagement of funds on the part of Universities create an environment where education has risen at more than twice the rate of inflation. By examining educational institutions finances, we can begin to understand the problem, and