College Tuition Cost Benefit Analysis

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Whether or not colleges should lower their tuition costs has been a long debated topic. People only see the drawbacks, but not many see the benefits associated with lowering costs. If college tuition costs were to be cheaper, it may result in lower income for schools; however, the benefits to students such as less debt and greater freedom in choosing majors, would far exceed this backlash. If the cost of tuition were to drop, more students would attend colleges. Students who can't pay for college will take the opportunity to go for free. “Since 1971, annual college enrollment has more than doubled in the U.S. to 19.5 million, as of 2013, the latest Census data available. In that year, there were 5.3 million in two-year colleges, 10.5 million …show more content…
When financial assistance is distributed unevenly, the solution to this issue would be lowering college tuition.“That means that high-achieving students from educated families receive a disproportionate share of financial assistance, while those at the bottom, struggling students from families ill-equipped to support their educations, receive a disproportionately small share. If you add up all the financial aid available from federal, state, and local governments and from nonprofit institutions, there is enough money already out there to support everybody’s education. The problem is that it is distributed unevenly” says Adam Davidson from The New York Times Magazine. There is money that is being used to help students. Like Adam Davidson said, “The problem is that it is distributed unevenly.” This problem could be fixed by lowering college tuition. Those who don't get much financial aid will benefit from lower college tuition.
Even though there are many positive effects of lowering college tuition, many people do believe that college tuition should stay the same. “Meanwhile, some schools that trumpeted price cuts in the last few years—often to reverse enrollment declines—have since quietly raised tuition back to almost what it had been before, or even higher” says Matt Krupnick from TIME. After tuition was decreased, it went back up. The reasoning behind this could be that, enrollment went up and schools need more

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