With only a twenty-five year difference between 1982 and 2007 there was a four hundred and thirty-nine percent increase in the cost of fees and tuition for college. Now that its eight years later there can only be an imaginable amount of increase. But why are college prices raising? The thousands of dollars spent not only goes towards an education, it also helps pay salaries and for needed technology. Almost half of two-thirds the price a student pays goes to a professor’s salary (College Is Still a Pretty …show more content…
For many students the only way to pay for college is through the aid of loans. There’s a variety of different options for students to choose from. Even after receiving one though they aren’t east to pay off, the US Department of Education estimates that 46.3 percent of loans that are given at two and four year colleges eventually go into default because those who take out the loans are unable to pay it back. The option that seems to be smartest would be taking out a loan but even then you’re left with debt. In 2011 the average graduate was left with a $24,000 debt to pay off (Borrowing and Defaulting). The average working person makes around fifty thousand dollars a year while they have to pay the price of a little more than $9,000 just for a year of college. This money earned doesn’t seem to be enough when it comes to having to pay off college debt and other everyday expenses. Whether it’s the students paying off the debt or the parents, it seems to be too high of a price for any to want to