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

  • Improved Essays

    College Debt

    • 786 Words
    • 4 Pages

    Pew research polls have found that the majority of students graduate with a substantial amount of debt, and nearly half of graduates reported their college debt has interfered with covering other costs. Moreover, poor credit scores and high debt prevent recently graduated students from buying houses, cars, or accessing insurance and further necessities. In Wieder 11, Peter Thiel, the cofounder of PayPal, states that college debt is “a mistake that’s hard to undo for the rest of your life.” Consequentially, countless people spend years of their life trying to pay off student debt after taking out loans for entirely unnecessary degrees. Leonhardt 11 attempts to claim that once financial aid is factored in, average college costs border on affordable for most students. Nevertheless, this claim cannot be applied to all students as average are calculated with heavy outlier influence. For example, if one student received a full ride and two more had to pay full price, the average cost would be deceiving low despite the majority of the students having paid the full amount. This makes attending college a risky investment, which can indeed stay with you for the rest of your…

    • 786 Words
    • 4 Pages
    Improved Essays
  • Superior Essays

    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. Almost every family in the United States in some way has had a talk about college and its tuition. In some instances, the conversation has led to a “Sorry, but we cannot afford it.” However, the costs of college tuition are escalating at an all-time high. With rising tuition costs, a fixed…

    • 1227 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? That 's a Myth by Lamar Alexander will be compared and contrasted on a few topics that seem reasonable pertaining the cost of education for a college applicant.…

    • 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.…

    • 639 Words
    • 3 Pages
    Improved 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
  • Superior Essays

    Cost Of College

    • 1770 Words
    • 8 Pages

    Everyday, colleges students wake up and just go about their day. Not once thinking about how college cost could be lower or how they can help make it lower. Linda Lee’s essay, “The Case Against College”, talks about the rising costs of college and the increased difficulty for students to afford to go through 4 or more years of higher education. The staff from the Center for College Affordability and Productivity’s essay, “25 Ways to Reduce the Cost of College”, talks about the 25 different ways that college costs could be reduced. As well, the US Department of Education also discusses the different formulas used to figure out the aid packages given out to students in need of aid. Furthermore, in Robert Martin’s essay, “How College Pricing…

    • 1770 Words
    • 8 Pages
    Superior 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.…

    • 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. This is the dream of many people in America from the lowest college student to the highest politician. This complex issue has divided America for years. Many believe we have a moral duty to provide free college to students. They claim that the taxes that we bring in need to be diverted…

    • 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

    College Cost Of Education

    • 544 Words
    • 3 Pages

    Colleges around the world March 8, 2004 - A decade ago, state governments paid about two-thirds of the cost of education at public universities per full-time student. People think that once their kids are in college that the end of paying; however, people have to pay for books, class, supplies, parking permits, dorms, and meal plans. Within the first year or two, the person usually drops out of college because of how much it cost. Just because college cost a lot of money does not mean that people should drop out of college, it is up to the U.S Department of Education. The Department of Education are the ones that help society choose what to do to help out children going to college.…

    • 544 Words
    • 3 Pages
    Improved Essays
  • Superior Essays

    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

    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. In 2013, 69% of students graduating from a college had an average debt of $28,400, (projectonstudentdebt). Practically forcing the students to be an indentured servant for many years. Why is this figure so high? Many components can be brought forward when asking this question, although the biggest factors are inflation, rising student attendance in colleges, and colleges operating…

    • 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

    The rising cost of college is becoming unacceptably high for many families living in the United States making it almost unaffordable without taking on huge loans that are almost…

    • 999 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). This is another reason the expense of higher education is becoming questioned. It causes the students into a difficult situation, making it harder for them after college as…

    • 1596 Words
    • 7 Pages
    Superior Essays