Cost Of College Education Essay

Superior Essays
The cost of college education vs. the value received
Every year the cost of collage education rises. With that comes an even higher amount of people who drop out. But what is the value that is received from it? The high cost of college not only worries students and their families but the school administrators as well. They worry that these costs will drive away students. Right now in order to attend an IVY league school for four years you would be spending at least 120,000 dollars.”(Casse and Mano 38). Financial aid is the best answer for most students; nearly half of the college population receives some form of aid from the government. The stress that applying any paying for college can cause on families can be very high. Most colleges provide institutional financial aid for lower income students but this
…show more content…
In most homes saving for secondary education should start when the child is an infant. But with the rising cost even saving for close to eighteen years is not enough time to save enough money to pay for the full cost of a four-year degree. Luckily with government financial aid the cost is lowered significantly for students attending community college. But if they choose to attend a university afterward this is where the higher costs come in to play. With the cost of tuition constantly on the rise more and more students forgo the idea of a four year degree or drop out in the process due to lack of funds.
Not only do families have to worry about the price as a whole but also the quality of the education that they receive. If you compare the actual price of education to the cost of instruction students are not actually paying the full cost. Also not for profit schools claim that the majority of their income comes from government assistants and grants not from tuition itself. High costs of secondary education can signifigintly reduce the rate at which students

Related Documents

  • Improved Essays

    Jon Marcus wrote an article called “The Reasons College Costs More Than You Think,” to prove to people that most students won’t get their Bachelor’s degree in their first four years in college. College costs more than we think because we don’t realize that there are so many expenses that students need to pay for in just one year. Everyone thinks they will get it was done by the four years but many don’t take enough classes for them to succeed that goal. The author says “The average added cost of just one extra year at a four-year public university is $63,718 in tuition, fees, books, and living expenses, plus lost wages each of those many students could have been earning had they finished on time, according to the advocacy group Complete College America.” That’s just one year of college!…

    • 494 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    College is a big obstacle for students coming out of high school. College is such an obstacle because not everyone has enough financial support to go through college. Adam Davidson discusses in his article, Is College Tuition Really That High? , that the average student does not receive enough financial aid. Education is one of the most efficient way to become successful and to learn more about the world they live in. College proves difficult for many, but getting a stable job is the goal of life, and an education is necessary most of the time.…

    • 755 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Anaisha Murray Mr. King ENGL 101-029 February 3rd, 2014 Is College Worth the Cost? Many people argue that college is not worth the cost. Some individuals say that college is too expensive and when they graduate they are not able to find a job with their degrees. People also say that college is not worth the amount of money they have to pay back in loans after they graduate. Those are all points stated in Rodney K. Smith’s essay…

    • 668 Words
    • 3 Pages
    Improved Essays
  • Great Essays

    In our current economic situation almost everyone has to worry about money, whether that is for: groceries, the mortgage, rent, or in our scenario, schooling. With the cost of getting a higher education being so high today will it pay out in the long run? You don’t want to waste four years going to a school that will set you back farther than you want. Possibly even get a degree that will not help you secure yourself a stable financial future. In an article titled, The Rising Cost of Not Going to College by the Pew research center, one of the statistics it shows talks about how most college graduates, who are working full time, earn about $17,500 more per year than other participants who only have a high school diploma.…

    • 2068 Words
    • 9 Pages
    Great Essays
  • Improved Essays

    The high rise of college cost won't go away till our economy is back to normal and family members who are unemployed and cannot provide for their families are once again employees. I think college tuition should be based on the total amount of income the family of attending student receives. Everyone deserves equal education and should not be held back because they could not afford…

    • 1127 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Price Of Admission

    • 902 Words
    • 4 Pages

    Are Colleges worth the Price of Admission? Every parent wants the best for their children, and they want their children to go and study in college, in order to get a dream career. Now days it’s not a cinch as the costs of colleges are rising, and quality of education is dropping. In the article ‘‘Are Colleges worth the Price of Admission’’, by Andrew Hacker and Claudia Dreifus, the underlying thesis is simple: college is too expensive, and return on investment of college is rapidly decreasing, constraining some extreme changes in order for college to remain practical and logical for potential college students.…

    • 902 Words
    • 4 Pages
    Improved Essays
  • Great Essays

    It’s hard to believe that once upon time, Americans did not have the dreadful worries of finding a way to prepare for the financial necessities for college. Now, college is becoming more of a dream rather than a reality as high tuition rates becomes the number one reason why Americans are not advancing themselves into higher education. In some cases, there are college students who receive full-ride scholarships to the college they desire; however, the majority of those who do go to college do not obtain the same luck. Those students who do continue their education and go off to college find themselves short of financial aid, out-of-pocket cash, and even scholarships. This causes students to resort to taking out a student loan.…

    • 1550 Words
    • 7 Pages
    Great Essays
  • Improved Essays

    Every parents dream is for their kids to be successful, they want a child who had fun, stayed safe, and hopefully pursuited a college education so that their future would be bright. A college education and their degrees give college students and graduates a better opportunity to get a job and set up a career path. Now imagine, a world where everyone has a college education. The thing that made a college education and degree worth anything is that not everyone has one, it’s like diamonds. The reason diamonds are valuable is they are rare, which means there is also a low supply and high demand therefore rising the price.…

    • 1148 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Education has increased in price over the years. With tuition rates ranging from at least $40,000 per semester, students have no choice but to take out loans. As some loans are abundant, these options have become widely accessible to pay off these costs. Sadly, these decisions have accumulated debts over a college student’s career. With few articles supporting from Megan and Gillispie, these loans can lead to detrimental problems during and after college.…

    • 905 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    The more an individual has to compensate to attend a school, then the lower the net benefit will be of attending. The Hamilton Project calculates a four-year degree to cost approximately $54,000. In addition, other recent studies Consumer Financial Protection Bureau has exemplified that repaying college tuition can last up to ten years or more. “After attempting to account for in-state vs. out-of-state tuition, financial aid, graduation rates, years taken to graduate, wage inflation, and selection, nearly to hundred schools on the 2012 list have negative ROIs” (Owen and Sawhill 214). With the rising cost of tuition and indefinite job market, individual’s should consider whether obtaining a bachelor’s degree is essential in today’s…

    • 1115 Words
    • 5 Pages
    Improved Essays
  • Superior Essays

    The pay for people holding a bachelor’s degree is nearly double the pay of high school graduates, but some students prefer not to go to college. Some facts states that parents and students are now smarter consumers of higher education degrees. The cost of public universities is high and the facts shows that it is almost as expensive as the private universities. The idea that community colleges are not offering top quality education is haunting students and parent till this day. Many students study two years in a community college and then continue the rest two years in a public university.…

    • 1113 Words
    • 5 Pages
    Superior 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
  • Improved Essays

    There is less and less people that end up going to college. All this is due to the fact that they have other responsibilities much more important. Some for example, are like having to help out their parents whether it’s because they only have a mom/dad or because their parents…

    • 1040 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Without seeing the positive side of the profit motive after graduating from college, all of the Universities and colleges are charging the individuals with an unreasonable price for the tuition to the school. Especially if people aren’t earning enough after they graduate from college to help pay off the…

    • 1189 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Each year the cost of higher education goes up, schools find a way to charge more for something new. Most 18 year olds in America go to college to get a good job. That is why this country’s’ students have racked up 1.1 trillion dollars in debt. People say you cannot put a price or value on education, but a four year degree at a United States college racks up to at least 60,000 dollars. The price of college has risen more than four times faster than inflation since 1978, but most of this money hasn’t gone toward the betterment of education.…

    • 2322 Words
    • 10 Pages
    Improved Essays