Seventy thousand dollars to one hundred thousand dollars! This the student debt estimate for the majority of college students coming out of school. This amount is a staggering about of money to pay just so you could go to a classroom for most of your youthful years to learn way more that you need for a job just because your diploma requires it. Even after all those classes are taken and passed and you get that long awaited diploma, you may not be hired for that job due to competition in your job field. Higher education sometimes looks more like a game of Poker, and an expensive game at that. Universities and community colleges have been raising their tuition at an incredible rate since 1987, and it continues to raise as the years pass. On the
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is over the rise in College prices in the past 40 years. Evidence from all articles on college prices conclude that it is increasing at a rate that no one could guess back in the 1970s. Inflation was guessed to have an already known effect of raising tuition but it goes far beyond that. As a matter of fact, this fall, Harvard's annual tuition and fees (not including room and board) will set you back $45,278 a year, more than 17 times the 1971-72 cost. If annual increases had simply tracked the inflation rate since 1971, next year's tuition would be $15,189 (Schoen). The article writer wanted to show this comparison in an eye opening example. College prices on Harvard are incredibly high and a $30,089 above what is estimated by inflation alone proves there is something wrong. The problem is plain to see. Over the past 35 years, college tuition at public universities has nearly quadrupled, to $9,139 in 2014 dollars (Campos). The price estimates come from the many college administrators that were surveyed about where they thought the money is sitting at on average in the U.S. At $9,139, college is no longer something you can just save up with a summer job. Student loan debt plagues the students of today. The issue is with what has happened over the past three decades. Many issues came into play that caused this incredible price tag for education, and it starts with the …show more content…
This the hard-hitter for reasons why college costs so much nowadays. Student Aid is federal money that is given to students, who primarily are poor and don’t have enough money to go to college. The irony of this whole ordeal is, the system created to help students get to go to college is actually making college more expensive and harder to get to. Student aid accounts for most of the tuition increases between 1987 and 2010, according to a working paper from the National Bureau of Economic Research. The more money students can borrow, the idea goes, the more colleges can charge (Wexler). The idea of colleges charging more because the students are receiving more is very correct. If the students are receiving more money, raising the bar on tuition can’t be that wrong, right? In reality, it causes problems for people who don’t get aid as they get the high price to pay without the Federal Aid boost. Federal Aid also affects scholarships. Take a student who would have gotten $20,000 from a college. If she gets an extra $1,000 in Pell Grants, she may get $19,000 from her college instead. The student pays the same, but the college pays less (Wexler). If a student Receives Student Aid, any scholarship that is received is deducted from the federal aid, causing the colleges to give out less scholarships so they don’t fight the Federal Aid as well as pushing the student away from working hard to get
is over the rise in College prices in the past 40 years. Evidence from all articles on college prices conclude that it is increasing at a rate that no one could guess back in the 1970s. Inflation was guessed to have an already known effect of raising tuition but it goes far beyond that. As a matter of fact, this fall, Harvard's annual tuition and fees (not including room and board) will set you back $45,278 a year, more than 17 times the 1971-72 cost. If annual increases had simply tracked the inflation rate since 1971, next year's tuition would be $15,189 (Schoen). The article writer wanted to show this comparison in an eye opening example. College prices on Harvard are incredibly high and a $30,089 above what is estimated by inflation alone proves there is something wrong. The problem is plain to see. Over the past 35 years, college tuition at public universities has nearly quadrupled, to $9,139 in 2014 dollars (Campos). The price estimates come from the many college administrators that were surveyed about where they thought the money is sitting at on average in the U.S. At $9,139, college is no longer something you can just save up with a summer job. Student loan debt plagues the students of today. The issue is with what has happened over the past three decades. Many issues came into play that caused this incredible price tag for education, and it starts with the …show more content…
This the hard-hitter for reasons why college costs so much nowadays. Student Aid is federal money that is given to students, who primarily are poor and don’t have enough money to go to college. The irony of this whole ordeal is, the system created to help students get to go to college is actually making college more expensive and harder to get to. Student aid accounts for most of the tuition increases between 1987 and 2010, according to a working paper from the National Bureau of Economic Research. The more money students can borrow, the idea goes, the more colleges can charge (Wexler). The idea of colleges charging more because the students are receiving more is very correct. If the students are receiving more money, raising the bar on tuition can’t be that wrong, right? In reality, it causes problems for people who don’t get aid as they get the high price to pay without the Federal Aid boost. Federal Aid also affects scholarships. Take a student who would have gotten $20,000 from a college. If she gets an extra $1,000 in Pell Grants, she may get $19,000 from her college instead. The student pays the same, but the college pays less (Wexler). If a student Receives Student Aid, any scholarship that is received is deducted from the federal aid, causing the colleges to give out less scholarships so they don’t fight the Federal Aid as well as pushing the student away from working hard to get