The Value of Education: Is College worth the cost? The total cost of an in-state public university (including room, board, books, travel, and miscellaneous expenses) hit $24,061, up $651 or 2.8% from last year. This to most isn’t just pocket change, having this kind of money annually for 4 or more years isn’t easy, most students get grants, scholarships, or loans to pay for the extensive tuition. So is college really worth the student loans/debt, tuition cost, and possible monetary wages and pay-off? Preliminarily, students apply for loans when they don’t have the money to pay for their books or other expenses that derive from college. Loans can quickly turn into a substantial amount of debt by the time a student completes their standard
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Being in college means not only that you need to pay your tuition cost, but it means you more than likely don’t live with your parents and have to pay the cost of a dorm, gas, books, a car, etc. The cost of living is quite expensive so it’s not a dramatization in statistics that most people over the age of 20 have thousands of dollars in debt before they even leave college. The College Board reports that the average cost of room and board in 2016–2017 ranged from $10,440 at four-year public schools to $11,890 at private schools. Furthermore, the average cost for books and supplies for the 2016–2017 school year was …show more content…
Well, it’s 38,856 dollars. How much do you think it costs to go to an out of state college? Well, it’s 252,232 dollars. How much do you think it is to go to a private or Ivy League college? Well, it’s 265,780. This in most Americans eyes is quite a bit of money; it’s roughly 5 times the amount the average household makes. “A majority of Americans (57%) say the higher education system in the United States fails to provide students with good value for the money they and their families spend. An even larger majority- 75%- says college is too expensive for most Americans to afford.” (“Is College Worth It?”). College is one of the most expensive and time consuming things that a person endures, the cost is quite comparable to having children. In other words, how does one conjure up the amount of money needed to go to college without a job or a parental helping hand? They don’t. They have to go in the vicious cycle of loans to pay off their debt or tuition and then try and pay off the loan, not ruin their credit, and pay the rest of their bills, which also might require a loan, the cycle most times takes years to
Being in college means not only that you need to pay your tuition cost, but it means you more than likely don’t live with your parents and have to pay the cost of a dorm, gas, books, a car, etc. The cost of living is quite expensive so it’s not a dramatization in statistics that most people over the age of 20 have thousands of dollars in debt before they even leave college. The College Board reports that the average cost of room and board in 2016–2017 ranged from $10,440 at four-year public schools to $11,890 at private schools. Furthermore, the average cost for books and supplies for the 2016–2017 school year was …show more content…
Well, it’s 38,856 dollars. How much do you think it costs to go to an out of state college? Well, it’s 252,232 dollars. How much do you think it is to go to a private or Ivy League college? Well, it’s 265,780. This in most Americans eyes is quite a bit of money; it’s roughly 5 times the amount the average household makes. “A majority of Americans (57%) say the higher education system in the United States fails to provide students with good value for the money they and their families spend. An even larger majority- 75%- says college is too expensive for most Americans to afford.” (“Is College Worth It?”). College is one of the most expensive and time consuming things that a person endures, the cost is quite comparable to having children. In other words, how does one conjure up the amount of money needed to go to college without a job or a parental helping hand? They don’t. They have to go in the vicious cycle of loans to pay off their debt or tuition and then try and pay off the loan, not ruin their credit, and pay the rest of their bills, which also might require a loan, the cycle most times takes years to