College Tuition Cost Benefit Analysis

College tuition has been a heated topic for several years. Every year the prices rise from one extreme to another. What can be done to stop this? Tuition needs to be lowered so that we have more college graduates instead of more college dropouts. What’s the reason for not lowering college tuition? Congress has the power but they aren’t doing anything but raising the costs. Lowering tuition isn’t as easy as dropping out of school but it would keep students in school to get an education instead of dropping out. What’s the dilemma with Congress not lowering college tuition costs? According to Sara Goldrick-Rab (2016) college should be more affordable for all students. Thousands of students go through high school wanting to further their …show more content…
In a 1989 article from Anna Leider, she summarizes the price range of awards that students receive. Most awards students receive range from $200 to $8,000 a year. Why are these numbers so important? A student can receive $1000 but that doesn’t mean it will cover all the students expenses. How much financial aid a student receives is based on their wealth status. Sara Goldrick-Rab (2016) argues that financial aid provides too little to too few. Students that receive enough to help them achieve the required resources to pursue their studies to graduate. Students from middle-class families don’t receive any aid due to the fact that they are labeled as “wealthy” and treated as if they can manage on students loans alone without any financial aid help. When students don’t receive enough financial aid help it leads them to filing for student loans. Once you start needing student loans they start piling up. Tamar Lewin wrote an article in 2011 called “Duncan calls for Urgency in Lowering College Costs.” In this article Mr. Duncan stated that “three in four Americans now say that college is too expensive for most people to afford.” College students now days graduate with loan debt of more than $25,000. If college tuition is too expensive and students aren’t receiving enough financial aid, what stops Congress from lowering tuition? The higher the tuition and less financial aid help and assistance students …show more content…
They all agree that Congress believes students receive enough financial aid and that it covers everything for the students. Critics would agree that students do end up far in debt after graduating due to the massive amount of loans that had to be taken out to cover their expenses. I would agree with critics and say that tuition should be lowered because it is too high. When a student sees the advertised price of tuition and visions how much they can afford they immediately back out because they don’t want to risk going so far into debt that it will take the rest of their lives to pay back. If Congress could see that the majority of students don’t receive enough financial aid help they would considerably lower tuition, but they don’t see it like that. Students don’t receive near enough financial aid to help cover their expenses. Being a college student I would know. When you barely receive enough financial aid you are left paying for a lot of supplies for a large amount out of pocket. Like any average college student, I take out loans in considerable amounts so I don’t have $30,000 in debt by the time I graduate. Depending on your “wealth status” you might receive an enormous amount of aid or you will receive very little. Financial aid shouldn’t be based on your wealth. The degree you are going towards should be included as

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