Cost Of College Education

Improved Essays
Before a baby exits the womb and enters into the world, parents may have already decided on his or her future. In many cases, a savings fund has already begun collecting money for an education before he or she can walk or talk. Education has been a national topic of debate for many reasons. The costs and worth of a college education is one. What are the costs of college education besides money? How much is an education worth and what kind of impact will it create?
The positive influence a college education can have could be beneficial to many people. Higher education is said to improve salaries and job opportunities. Arguments on the pros and cons of going to college say that college is worth it because college graduates have higher employment
…show more content…
The rising cost of education and the steep student loan debt has been reason to not pursue a college education. People like Latisha, who dropped out and was still left with a debt to pay, could not make ends meet to pay her existing bills let alone any future college tuition (Hollcomb-Holland). It has also been national debate on how the government could aid in lowering student loan debt and regulate the cost of education. According to ProCon.org on the topic of college education, tuition rates are higher than some income rates, which makes it difficult for the average American to pay for college without incurring …show more content…
For Latisha, she must give up time with her family and sleep in order to focus on her education. For others, it may cost them opportunities to make money at a job. Some people may not benefit from a college education because they have already developed skills for the workforce. Or have followed a direction that does not need a higher education background. Some people have argued that college is not worth the debt from massive college loans and that it delays graduates from saving for retirement, buying a house, or getting married. They say many successful people never graduated from college and that many jobs, especially trade jobs, do not require college degrees (ProCon.org). People like Mark Zuckerberg, founder and CEO of the social media phenomenon Facebook, Steve Jobs, co-founder of Apple, and Bill Gates, founder of Microsoft, are examples of students who dropped out of college and became successful

Related Documents

  • Superior Essays

    College Tuition Inflation, a Dilemma College has been described as almost necessity to prosper in the United States. Then why is it that tuition for college changes depending on how much your family earns? Or, why is it that majority of America either drops out of college or simply, does not attend? The ticket price of a higher education should not vary as much as it does. Even with this variation, there is still a struggle that occurs with many families.…

    • 1227 Words
    • 5 Pages
    Superior Essays
  • Superior Essays

    In “Should Everyone Go to College,” Owen and Sawhill states that college allows students who graduate to earn a higher rate of income; however, various factors should be considered before choosing a degree. Moreover, the authors clarify that while the value of college outweighs the costs associated with earning a degree, just any college degree is not the best investment one could make to ensure the completion and success of their education. The authors also explain that the value of college can outweigh the costs associated with completing a degree. Owen and Sawhill emphasized that college improves certain values, such as job satisfaction and overall well-being, while also improving equally-as-important more monetary values such as graduates’…

    • 1232 Words
    • 5 Pages
    Superior Essays
  • Improved Essays

    Cost Of Education

    • 771 Words
    • 4 Pages

    High school students are always urged to fill out college applications as part of their daily routine. They research different colleges based off of things like location, pledging opportunities, history, etc. But they all have one thing in common, they are all skeptical about the prices included. There are some who don’t think twice about the cost of education and then there are the ones who cancel the application when they hear about the prices. The two articles How the Cost of College Went from Affordable to Sky High by Claudio Sanchez and College is Too Expensive?…

    • 771 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    College Tuition Costs

    • 639 Words
    • 3 Pages

    What should the next president of the United States do to fix the economy? To fix the economy the next president should focus on changing the cost of college tuition, fixing the United States trade, and by changing the wage growth when people can get paid more. The reason why the president should focus on college tuition because reason one people don’t have enough money to go to college so that leave them getting lower wage jobs cause if they tried to get better paying job it would be hard since the employer would look more into someone who have a college degree. This can help the economy because less people would be in debt since college students had to use loans to pay the cost for the college.…

    • 639 Words
    • 3 Pages
    Improved Essays
  • Superior Essays

    Student Loan Debt

    • 1591 Words
    • 6 Pages

    Higher education will get the student the money he/she needs in order to pay off the student loans that they have received. “Higher education is widely viewed as the key to a wide range of pecuniary and non-pecuniary benefits in later life- outcomes such as higher incomes, greater status, or an improved lifestyle” (Lightman, Connell; 132). The students that do not have money, but have a very good and positive outlook have this perspective. They are the students that feels like nothing that cannot hold them back, no matter what comes their…

    • 1591 Words
    • 6 Pages
    Superior Essays
  • Improved Essays

    Going to college is the single best investment one can make in his life. On average, people who go to college end up earning twice the net worth in a lifetime compared to those who only possess a high school degree. Despite its high entry cost, college loans help making it affordable and scholarships provide a way for dedicated students to spend less money. Financially, a college diploma will take about 10 years to exceed the initial investment. However, it is important to consider what a person could have done in those 4 to 9 years which would be spent in college, this is called opportunity cost.…

    • 229 Words
    • 1 Pages
    Improved Essays
  • Improved Essays

    College Debt

    • 786 Words
    • 4 Pages

    Many graduating high school students find themselves faced, not with an open decision over their future, but instead, increasing pressure to attend college. However, college does not suit every student and for several, is not worth the cost as there exist numerous safer, steadier careers which don’t require college. Additionally, attending college often leaves students with crippling debt and the payoff for college does not come close to matching the cost. There are countless steady jobs which don’t require college degrees. In fact, many of Google’s highest earning technical and electrical engineers never spent a day in higher education.…

    • 786 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    College Tuition Costs

    • 1563 Words
    • 7 Pages

    Imagine, if you will. Students in colleges not having to concern themselves with working, no longer working twenty to thirty hours a week just to make ends meet. Finally students are able to focus on their studies and not worry about their next payment. Next, envision students graduating from colleges without being tens of thousands of dollars in debt. Graduates getting jobs that they desire instead of the job they need to be able to afford their loan payments.…

    • 1563 Words
    • 7 Pages
    Improved Essays
  • Improved Essays

    We are pretty well aware that in this day in age, college tuition prices aren’t what they used to be. With college prices rising as much as 9.5% per year (after inflation) in the past few years, we would all like to know what’s going on with this situation and how could we change this pattern into a healthier one. Whether it’s from college’s overspending, to increased wages for their staff, or inefficient spending methods. With the recent recession still fresh in our minds, we are again wondering if it’s worth it to go through college. It’s been a few years since the climax of this event and new data is starting to show that things might be starting to turn around, but we have a long way to go and we all have to do are part to make the change…

    • 144 Words
    • 1 Pages
    Improved Essays
  • Improved Essays

    Why is College Tuition so expensive? Students in our current society are given a basic outline for success in life. Graduate high school, receive a degree from a college or university, and get a job. This basic outline for success has become a very obeyed command. However, more students than ever before are forced to submit to the institution of higher learning.…

    • 1086 Words
    • 4 Pages
    Improved Essays
  • Decent Essays

    College Degree Price

    • 89 Words
    • 1 Pages

    First, subject would be the college finances, according to. Supporters of a college education argue that a college degree is a valuable and important means of economic, social advancement, and provides more options for graduates. But opponents argue that attending college burdens many graduates with debt that is difficult to repay, yet the price of a college education has outnumbered the value of a college degree because the price always seems to be high and other priorities distract you from college. Also, it can be very stressful and…

    • 89 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    College Tuition Cost

    • 786 Words
    • 4 Pages

    State colleges need be little to no tuition cost for students who want to attend. State colleges who eliminate their tuition for students who live within the state wanting to attend college for a better future. Students will have little to no debt when graduating from college giving students the motivation to attend college. Attending college will become the new norm, just like graduation from high school making the high school dropout rates decrease. Private will have to reduce their tuition cost.…

    • 786 Words
    • 4 Pages
    Improved Essays
  • Superior Essays

    “In other words, far from being caused by funding cuts, the astonishing rise in college tuition correlates closely with a huge increase in public subsidies for higher education” (Campos). This shows how the public wants their money towards the cost of education. The public wants to know that their money has good use, and families who have children would benefit from the subsidies that go to higher education. “The cost of higher education has been one of the most significant factors in driving young people into debt. With college enrollment higher than ever, grants have been more difficult to obtain; as a result, students are taking out larger loans to pay for their education” (Young People in Debt).…

    • 1596 Words
    • 7 Pages
    Superior Essays
  • Superior Essays

    College Tuition

    • 997 Words
    • 4 Pages

    According to Jacqueline Savron, “On average, tuition increases at around eight percent per year, which means the cost of college doubles every nine years” (8 Reasons College Tuition is the Next Bubble to Burst). Colleges have been relying on steady tuition hikes to fuel their funding knowing if they raise tuition, students will simply borrow more money. Nowadays, students graduating with over twenty five thousand dollars in student loan debt are about triple the amount of students from the past decade alone. Sadly, tuition is also increasing three times faster than the rate of inflation itself. What is worse is that colleges are paying homeless people to take out federal loans because student loans are so easy to acquire.…

    • 997 Words
    • 4 Pages
    Superior Essays
  • Improved Essays

    Whether the price of higher education is too high can only be tested with historical background on previous tallied prices. John Thelin connects the past and present cost of higher education, to answer the question, is the cost too high? When students take the leap to go on with a further education, they are looking for parental backing. With the foreseeing of student loan debt pressing on their minds, they look to their parents for guidance. Once parents start to question the cost of college, so will their children, who are the future of colleges and universities.…

    • 2322 Words
    • 10 Pages
    Improved Essays