DATE @ “d MMMM yyyy” 29 July 2018
Higher College Tuition Rate In The U.S.
College tuition are getting higher and higher, and more students are getting into debt because students cannot afford it.
The average college tuition in the 1990-1991 school year was $10,620 and rose to $13,393 in 2000-2001. Between the 2000-2001 school year and the 2010-2011 school year, public college costs (tuition, room, and board) increased 42% to $18,133.
College attendance increased dramatically after World War II with the introduction of the G.I. Bill and greater federal funding for higher education. University based research was believed to have played a critical role in figuring out the outcome of WWII and was believed to be essential for success in the Cold War. With the launch of the Sputnik satellite by the Soviet Union, many feared that the United States was falling behind on science and technology because it relied on private wealth to fund higher education, while the Soviet system was believed to be generously publicly funded, more meritocratic, and more closely tied to the needs of the economy and the military. Many families in the U.S. were unable to borrow sufficient funds to finance a high-quality education for their children, and to thereby increase their children is earning capacity and standard of living, until after the introduction of federal student loans. As public subsidies fell, and costs and quality of education increased, loans played an increasingly important role in higher education finance. Except for its military academies, the U.S. federal government does not directly operate and control higher education institutions. Instead it offers loans, grants, tax subsidies, and research contracts. In additional, Land grants date back to the Morrill Act during the U.S. Civil War and direct grants to students’ date back to the “G.I. Bill” programs implemented after World War II. The United States has one of the most expensive higher education systems in the world, and also one of the most successful in terms of the boost to earnings from higher education. Public colleges have no control over one major revenue source — the state. In 2016-17, the average cost of annual tuition in the United States ranged from $9,700 for public four-year institutions to $33,500 for private four-year institutions. Private colleges increased their tuition by an average of 1.7 percent in 2016-17, the smallest rise in four decades, according to the U.S. Consumer Price Index. Students who do not go to college are more likely to be unemployed.
There have been so many debates on college tuition, on how the cost has gone up than ever, whether if college education is worth it. This is the current problems that I think is the issues. Therefore, for instant, 1 year a public university will cost an average roughly $25,000 while at a private university it will cost $50,000. This has not always been the case. From the 1984 to 2014, tuition for public universities has increased 225% and to make matters daunting, only 19% of the students actually graduate at a 4 years university within 4 years-making the majority graduating within 5-6 years. While tuition goes up, it takes longer for students to graduates. On average, it takes longer for college graduates to earn back what they spent on tuition which on average happens at 36 years old. Moreover, college graduates have been earning less and less over the past 10 years while the cost of colleges are skyrocketing.
But why? Higher education is just like a business. In fact, the U.S. Department make $15 billion in profit from student loans every year. Universities want to attract students, just as businesses want to attract customers. To do this, they need to hire the best professors who can conduct research in the most up to date advanced technology and labs. This is not cheap at all. According to glassdoor.com, the average salary for a college professor is $114,134 a year. Also, in 2013, the median salary for leaders in office for the full year was $436,429. Thirty-two of the presidents earned more than $1 million. This shows that college or universities presidents are gaining more money comparing to students who spend loads of money to get some education.
In addition, Universities also need to have beautifully built campuses such as luxury housing, and swimming pools, etc. not only the buildings need to be architecturally aesthetics, but the grounds need to be taken care of and the building maintained.
Furthermore, at a time when the burden of financing a college education is getting costlier for students, a growing number of undergraduates do not think the value of the instruction they are getting is keeping up with the exorbitant price. That is the grim takeaway from a new study from Ascent Student Loans, a private student loan provider. 60 percent of undergraduates between ages 18 and 24 enrolled in a four-year bachelor’s degree program that have taken out student loans say they are responsible for covering more than half of the total cost of their education, the survey found. However, more than half (51.7 percent) said they do not think the value of a college education has kept up with the cost. And the cost of tuition and room-and-board for both public colleges and private ones continued to rise in the 2017-2018 school year, according to the College Board. The average tab at a four-year in-state public college rose 3.1 percent to $20,770, and the cost at private institutions jumped 3.5 percent to $46,950.
Another key point of burden on students is Depression. Depression is a serious and important issue on college campuses across the country. College students are susceptible to depression due to potential factors such as stress with school, work, or finances, or possibly feeling isolated after moving away from friends and family. College students should know that depression is different from occasionally feeling sad or stressed. Depression is a serious but common and treatable medical illness. No one should suffer needlessly in silence.
In today’s society, college education has become quite a necessity if you are looking for a bright future. Every day, there are kids working hard on homework, or studying for tests that’ll allow them to have success in the upcoming years. One main problem that seems to be getting worse every year is finding a way to finance each student’s college education. Some students have no problem paying for two or four-year colleges, due to scholarships. On the other hand, a handful of students struggle on a daily basis to come up with funds to pay for tuition, or even over-priced books. Here are reasons why community colleges should be free of cost.
First, free tuition will allow students to concentrate on their studies, instead of their jobs. While going to school, a majority of students have part-time jobs. These jobs help pay for many things such as car payments, phone payments, and even school. Many students face a daily struggle of not only having to pay bills but trying to also pay for school. Community colleges can be expensive by themselves but adding on hundreds of dollars each semester just to pay for books is absurd. If community college dropped all costs of tuition, a handful of more students will attend them. It will allow students to have a more stable mentality of their money by not worrying about the cost of college. It will also help students concentrate more on their studies of work, rather than having to worry about how to pay for their study of work.
To sum up, students raised in underprivileged families never have a chance. There are a handful of students who work hard every day in school, but never have the chance to go for a degree. The lack of money should never stop a student from achieving success in any school. By students not going to school, they are having their dreams shattered at a very young age, which is completely unfair if the only reason is money. In today’s society, it is getting extremely hard to be approved for a loan that will cover a decent amount of the tuition costs. Even if you get a loan, some of the rates are completely unacceptable. Free tuition will allow underprivileged students to work hard in community college for the possibility of scholarships when they move onto a four-year college. The only way they can prove themselves is by first attending a community college.
in short, college tuition has been on a rapid ascent for several decades; since 1987, the average sticker price for going to college has more than doubled, even after adjusting for overall inflation. In the process, ballooning student debt has pushed higher education and financial aid policies to the forefront of political debate. We use a sophisticated analytic approach to identify the drivers of tuition growth. College tuition has been growing more and more that middle-class families cannot even afford it. That Universities are getting expensive because they are building fancy apartments, so students can pay more. How to make college less expensive by hiring the best professors. The school’s high ranking can even more attract some students and they will do whatever is necessary to get that name-brand degree, including going into massive debt. Meanwhile, the top colleges get richer, get better applicants, and do not have to make any concessions to improve efficiency or cut costs because there is no market pressure to do so.
Roos, Dave. “10 Reasons College Costs So Much.” HowStuffWorks. InfoSpace Holdings, LLC, 21 Feb. 2014, https://money.howstuffworks.com/personal-finance/college-planning/admissions/10-reasons-college-costs-much.htm.
Bruni, Frank. “Class, Cost and College.” The New York Times, 17 May 2014, https://www.nytimes.com/2014/05/18/opinion/sunday/bruni-class-cost-and-college.html?mwrsm=Email.
California Master Plan for Higher Education, from Wikipedia,
https://en.wikipedia.org/wiki/California_Master_Plan_for_Higher_EducationDon’t Burden Students with Even More Debt
https://ticas.org/content/posd/dont-burden-students-even-more-debtThe Real Problem of Rising College Costs, the heritage foundation, December 21, 2006,