The Rising Cost of College Education
Going to college is something that over the years has become more popular than in the past. With the number of students increasing the cost of college is also increasing. The cost of going to a university has been has become almost impossible for some. With prices of tuition steadily increasing, it makes it hard for some students to be able to afford going to a university. There are scholarships that pay for school or at least help to make this more affordable. Also there are different federal and state grants or financial aid that you can receive to help pay for the cost of tuition. Depending on the income of the individual or their parents, they may or may not qualify for help through these programs. …show more content…
"The average annual cost of attending a four-year private university is now $30,367, according to the College Board's study. The average cost of attending a public university is almost two- thirds less: $12,796." "The price of a two-year public college is less than one- tenth of the cost of a private four-year: $2,272." (Kristof, Kathy M., October, 2006). The difference between a private four-year university and public four-year university is $17,571. This is a significant price difference between in deciding on going to a private or community college. When looking at two-year public college the or four-year public university is $28,095. There is a difference because one is two-year, the other is a four-year. Even if you was to double the two-year college is $4,544, which is still a difference of $13,027. You could go to the community college and still pay a fraction of the cost that you would if you was to go to a four-year school. There is many community colleges that are offering four-year degrees now, or in the process of trying to make that possible. The colleges that are not offering the four-year degree programs, offer classes or degrees that will transfer over to the four-year degree. If that can be done then it will significantly reduce the cost of a four-year …show more content…
"The U.S. Education Department is taking steps to further implement President Obama's plan announced last fall to help more Americans pay for college. The President's blueprint unveiled last September aims to make it easier to get federal student aid by streamlining the process of submitting a Free Application for Federal Student Aid (FAFSA(R))."(US Fed News Service, Including US State News; Washington, D.C., March 2016). There is an effort being made for student aid, unfortunately this does not cover everyone. There is many students that do not qualify for financial so without a scholarship they do not receive as much help. There is a light at the end of the tunnel for others as well. With new laws being passed, it will help students that do acquire debt while going to school. "To reduce the cost of loans for millions - cuts interest rates - from 6.8 percent to 3.4 percent over the next four years." "In addition, this law will prevent students from facing unmanageable levels of federal student debt by guaranteeing that borrowers will never have to spend more than 15 percent of their yearly discretionary income on loan repayments and by allowing borrowers in economic hardship to have their loans forgiven after 25 years."(US Fed News Service, Including US State News; Washington, D.C., March 2016). Having the government step in and help with the financial
Going to college is something that over the years has become more popular than in the past. With the number of students increasing the cost of college is also increasing. The cost of going to a university has been has become almost impossible for some. With prices of tuition steadily increasing, it makes it hard for some students to be able to afford going to a university. There are scholarships that pay for school or at least help to make this more affordable. Also there are different federal and state grants or financial aid that you can receive to help pay for the cost of tuition. Depending on the income of the individual or their parents, they may or may not qualify for help through these programs. …show more content…
"The average annual cost of attending a four-year private university is now $30,367, according to the College Board's study. The average cost of attending a public university is almost two- thirds less: $12,796." "The price of a two-year public college is less than one- tenth of the cost of a private four-year: $2,272." (Kristof, Kathy M., October, 2006). The difference between a private four-year university and public four-year university is $17,571. This is a significant price difference between in deciding on going to a private or community college. When looking at two-year public college the or four-year public university is $28,095. There is a difference because one is two-year, the other is a four-year. Even if you was to double the two-year college is $4,544, which is still a difference of $13,027. You could go to the community college and still pay a fraction of the cost that you would if you was to go to a four-year school. There is many community colleges that are offering four-year degrees now, or in the process of trying to make that possible. The colleges that are not offering the four-year degree programs, offer classes or degrees that will transfer over to the four-year degree. If that can be done then it will significantly reduce the cost of a four-year …show more content…
"The U.S. Education Department is taking steps to further implement President Obama's plan announced last fall to help more Americans pay for college. The President's blueprint unveiled last September aims to make it easier to get federal student aid by streamlining the process of submitting a Free Application for Federal Student Aid (FAFSA(R))."(US Fed News Service, Including US State News; Washington, D.C., March 2016). There is an effort being made for student aid, unfortunately this does not cover everyone. There is many students that do not qualify for financial so without a scholarship they do not receive as much help. There is a light at the end of the tunnel for others as well. With new laws being passed, it will help students that do acquire debt while going to school. "To reduce the cost of loans for millions - cuts interest rates - from 6.8 percent to 3.4 percent over the next four years." "In addition, this law will prevent students from facing unmanageable levels of federal student debt by guaranteeing that borrowers will never have to spend more than 15 percent of their yearly discretionary income on loan repayments and by allowing borrowers in economic hardship to have their loans forgiven after 25 years."(US Fed News Service, Including US State News; Washington, D.C., March 2016). Having the government step in and help with the financial