Cost Of Knowledge Essay

Improved Essays
The Price of Knowledge
College is the place where a person goes to gain a better education and advance their career. In today’s society there is a lot of pressure on young adults to go to college and gain a degree. Every student that plans to go to college works hard to get good grades so the students can get scholarships. Scholarships are key to going to college because it is getting increasingly expensive. Over many years, college costs more and more. There are even new fees made which makes it more than just tuition. Students go into debt during college and some even drop out due the expenses. College used to be for the wealthy, and not everyone needed to go. If someone did not go to college, it was because they had a skill and they worked
…show more content…
Some classes require books that are used only once or never used. It is no wonder students are a whole new world of debt. In order to go to school to get a good paying job they need to take out loans. For example, “The average cost of tuition and fees at a private, non-profit, four-year university this school year was $31,231—up sharply from $1,832 in 1971-1972 (in current dollars). At public, four-year schools, tuition and fees cost about $9,139 this year. In the 1971 school year, they added up to less than $500 in current dollars, according to the College Board” (Schoen). That’s an insane amount of money for just one year. The worst part about it is that the price is going up every year. It is not even a set price a student will pay for all four years. There is no set price for life deals or no price increase guarantee like some car dealerships. This is a forever changing price that will almost always go …show more content…
Parents try and save up for college for their children but even if they do it is a changing price so chances are they did not save enough. What would have been enough last year may not be enough this year and that’s not going to change. College has become a necessity not a choice like in the past. If a person wants to be successful, they almost have to go to college there are exceptions of course but the majority will have to attend college. Many loan companies thrive on the loans they provide student and so do credit cards. In the past parents were able to pay for college because there was little to no cost. Students did not have to take out loans to get into college or fight for scholarships. Some may say it is good because only those who want to go will go because they will have the drive to push and fight to go. However, this can also put those who want to have a good life out of a home. Not everyone can be number one to gain the scholarships or have the equal opportunity that is advertised. The whole college experience has become a battle with money more than

Related Documents

  • Improved Essays

    The cost of college is rising, everybody knows that. The cost is expected to rise with inflation and the inclusion of new technology, yet what people were not expecting were the cost to soar as high as they have. In the U.S. News article "Hiring Spree Fattens College Bureaucracy—And Tuition" by Belkin and Thurm, they mention that in 1975 the average student could work 24 hours a week to pay for college; in today's world, it works out to be closer to 32 hours a week. This is not news to my peers, we hear it all the time from our parents or grandparents; where they tell us stories of how they worked one summer job and went on road trips every month and still had enough money for college with out taking out large student loans.…

    • 488 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    Zig Ziglar once said, “There is no elevator to success. You have to take the stairs.” College is very expensive nowadays and is harder to pay for than it was back then. College is a very hard thing to accomplish and a hard decision for individuals and their families. Even though college is worth going to, students still have to pay for college tuition, a place to live, and transportation which is all too expensive for them.…

    • 910 Words
    • 4 Pages
    Improved Essays
  • Superior Essays

    College Tuition Inflation, a Dilemma 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.…

    • 1227 Words
    • 5 Pages
    Superior Essays
  • Improved Essays

    Having a great education is beneficial to have In the long run. It helps you with finding better-paying jobs; apply the skills you learned from college into your career and shows employers that you are capable of being trained to work on the field. But on the contrary, the cost of getting a college degree is becoming more expensive. Although paying through scholarships or having a family with disposable income makes it more accessible, the majority of students pay off their tuition with federal loans. Consequently, after students graduate, they end up with tremendous loan debt and has to pay it after a couple months.…

    • 158 Words
    • 1 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

    The higher the cost of school the more likely they will receive mostly loans for tuition. Students have to consider whether they can make more by going to college and with increasing wage rate for college graduates they will. Increasing wage rate at each age makes that for awhile college grads are losing out till the age 34. This is because of the time taken off but they catch up so quickly because the raising wage rates for college graduates.…

    • 780 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Is college really worth the debt, the hard work and the headaches you’ll receive? With jobs getting harder to get into and standards being raised, attending college can be a big advantage when applying for a job or starting a business. With all studies and statistics taken, it can be proven that college can be a big step in someone’s life. Numbers and percentages can speak for themselves there is a great difference between those who have attended college and those who haven’t. Workers with a bachelor degree made 40 percent more than those who just have a diploma from high school but that percentage has increased to 80 percent jobs and businesses nowadays are looking for people who have the motivation to work hard and passion.…

    • 1075 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Today, all high schools prepare their students to achieve one major goal: to attend college so they can have a successful life. There are reasons why people should attend college, but college is not worth all your time and effort. College isn’t worth it because there are other jobs that pay emplo yees well without a college degree, there are better options for education, and it’s too expensive. College isn’t worth it because there are other careers that offer the same or higher salary even if you don’t have a college degree.…

    • 580 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    That’s just a little bad side of making college free, the university also suffers from this a great deal. This is because they aren’t receiving as large of an income as before, therefore they cannot to afford to employ as many people and pay the employees as much. By having college expenses these universities can afford all their employees, which…

    • 1148 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    College And Debt Essay

    • 1564 Words
    • 7 Pages

    College is a source where students get the golden ticket of their dreams. A lot of high schoolers might have a dream to attend college one day to gain more knowledge but to get higher degree one might need a lot of money, and colleges will give chances where people can take loans but when it leads to debt it can be worrisome. According to the Journal of Financial Counseling and Planning (Volume 27) , “Going to college without enduring student loans is impossible and most students do not know much of what they will be repaying”. Attending college is profitable but the debt makes it very tough. An article by Joel Elvery, an economist in the Federal Reserve Bank of Cleveland indicates that “Americans owe nearly $1.3 trillion in student loan debt, spread out among about 44 million borrowers”.…

    • 1564 Words
    • 7 Pages
    Improved Essays
  • Improved Essays

    To what extent should public college education be free? Education plays an extremely large role in American contemporary society; parents put their kids education before almost anything. However, when education starts to cost parents a small fortune, they start to reconsider if it’s really worth it. Although it is extremely important for people to be educated, it would be an impossible feat to have everyone go to college free; however it is imperative to make education free until college.…

    • 1083 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    They don’t have to keep their prices low due to other colleges being full as well. The profit of the colleges has come completely at the expense of the students. The average college student spends about $18,000 on tuition and room and board, while only spending $2,100 a year on person expenses.…

    • 1086 Words
    • 4 Pages
    Improved Essays
  • Superior Essays

    One way to pay for college is to get a scholarship, but not every student can get a scholarship, and it will be better if college tuition were free. People really struggle to pay for college because they will have to find a way to…

    • 1654 Words
    • 7 Pages
    Superior Essays
  • Improved Essays

    Essay On College Tuition

    • 1308 Words
    • 5 Pages

    College tuition is a nightmare among people seeking a higher education. Tuition is not decreasing; in fact it has been on a rapid nonstop rise since 1978. College tuition is a growing concern since many of the job openings require some sort of college education to even be considered for the job. Today’s society has made college appear as requirement in order to succeed in life, but in order to succeed one must go bankrupted paying college tuition to prove ones successfulness. Even after miraculously paying for tuition there is no guarantee of a job opportunity.…

    • 1308 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