Essay On Rising Cost Of Tuition

1688 Words 7 Pages
For the past few decades, college expenses have been rising at a rate of roughly 7% each year since the 1970 's, which is almost three times the rate of inflation. Since 1985, the overall consumer price index has risen 115% while the college education inflation rate has risen nearly 500%. Annual incomes have not been enough to get students through college leaving many students deep in debt of up to tens of thousands of dollars with no way out. The rising of tuition effects current students and graduates in many different ways. College should be more affordable by lowering tuition costs.
The rising of tuition has affected students and graduates in many different ways. Two-thirds of undergraduates use grant aid or student loan borrowing. "In 2011, 4% percent of parents withdrew money from their 401(k) or IRA, and another 1% took a retirement account loan to help
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Degree fields such as teaching, social work, and elderly care are not studied because these jobs just do not pay enough to repay back students college debt. Nearly one-quarter of grads from public universities carry debt that would be unmanageable with the starting salary of a social service worker. These numbers are even higher for those who went to a private college or university. Today, three-quarters of the fastest-growing occupations require education and training beyond a high school diploma. Nearly half of the students who begin college in this country do not finish within six years. The continuance of rising tuition has put college out of reach for many families that need it most to join the middle class. One generation ago, America led the world in college completion of young adults; now, we rank 13th. In part of the rising costs of college, too many students are unable to enroll or complete high-quality degrees. Higher education is more important but also less affordable than ever

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