Rising Cost Of College Essay

Bobby Scott once said “It is virtually impossible to compete in today’s global economy without a college degree.” The rising cost of college has students contemplating if attending college is worth expense, time, and effort. Attending college is very expensive, but not obtaining a degree could cost more in the long run. Many students are examining the financial aspect of college, depending on whether the institution is state or private plays an important role in the cost of attending. Different degrees have different payout rates, not every degree holds the same value. Other options can include trade school and the work force, but some still require some type of training.
As students begin to explore their college options, students and parents are also looking at the price to attend college. Depending on if the institution is located in-state or out-of-state plays an important role in the price of attending the college. The average tuition and fees for attending a public four-year college (in-state students) is about $9,319 and for a public four-year college (out-of-state students) …show more content…
Further examination has shown that those who invested and graduated with a college degree had an immense return (Leonhardt). When most people think of student loans they envision years and years of debt, which ultimately can change one’s mind about attending college. The average student loan debt was an average of $30,000 for the graduating class of 2014(Fortenbury).While $30,000 may seem like a great deal of money, many graduates will be able to pay for their loans within 10 years or less based off of their earnings (Fortenbury).A number of people dispute that not attending college will help them to save money .To sum it up, attending college will be cheaper in the long run than not attending college, even if one has to take out a loan to pay for college, it still comes out cheaper than not attending