College Tuition
The Rise of College Tuition
In today’s society, college has become less of an option and more of a necessity. College is required for many various professions, and the cost of tuition seems to have a lasting effect on many Americans. Although having a college education will help someone receive higher pay and become more successful, the stress of college debt is taking a toll on graduates. Most college graduates will be paying for college loans for many years after they graduate. The continuing rise of college tuition is also hindering many people to have the desire to attend college. Like anything, education has its cost and it doesn’t come cheap. The average college student graduates with a minimum of 30,000 dollars in debt ("College Costs: …show more content…
Many seek out financial support, but it is not the cure to the problem. If higher education was more of a practical cost, more people would attend college without the fear of being in debt for many years after they graduate. Tuition is the defined as the total price a college charges for a class. Students may also pay other fees related to enrolling and attending college. The cost of tuition and fees varies by college. On average, a public two-year college in-district student pays $3,347 a year, including fees. A public four-year college in-state student will pay $9,139. A public four-year college out-of-state student pays $22,958, and lastly a private four-year college will spend $31,231 a year on tuition ("College Costs: FAQs"). The College Board study reports today’s students are paying more than three times what students paid more than 30 years ago to attend a public four-year college ("College Costs: FAQs"). The national average for in-state tuition plus fees increased this year to $9,139, a 2.9-percent increase over the last school year (Hernandez). The inflating cost of college …show more content…
Inflation is the general cost of living that increases over time. With the price of foods, goods, and services increasing, it’s only befitting that the cost of college will continue to rise. According to data from the Labor Department, the price index for college tuition grew by nearly 80 percent between August 2003 and August 2013 (Kurtzleben). Nearly twice as fast as growth in costs in medical care, another area greatly recognized for fast-rising prices. It's also more than twice as fast as the overall consumer price index during that same
In today’s society, college has become less of an option and more of a necessity. College is required for many various professions, and the cost of tuition seems to have a lasting effect on many Americans. Although having a college education will help someone receive higher pay and become more successful, the stress of college debt is taking a toll on graduates. Most college graduates will be paying for college loans for many years after they graduate. The continuing rise of college tuition is also hindering many people to have the desire to attend college. Like anything, education has its cost and it doesn’t come cheap. The average college student graduates with a minimum of 30,000 dollars in debt ("College Costs: …show more content…
Many seek out financial support, but it is not the cure to the problem. If higher education was more of a practical cost, more people would attend college without the fear of being in debt for many years after they graduate. Tuition is the defined as the total price a college charges for a class. Students may also pay other fees related to enrolling and attending college. The cost of tuition and fees varies by college. On average, a public two-year college in-district student pays $3,347 a year, including fees. A public four-year college in-state student will pay $9,139. A public four-year college out-of-state student pays $22,958, and lastly a private four-year college will spend $31,231 a year on tuition ("College Costs: FAQs"). The College Board study reports today’s students are paying more than three times what students paid more than 30 years ago to attend a public four-year college ("College Costs: FAQs"). The national average for in-state tuition plus fees increased this year to $9,139, a 2.9-percent increase over the last school year (Hernandez). The inflating cost of college …show more content…
Inflation is the general cost of living that increases over time. With the price of foods, goods, and services increasing, it’s only befitting that the cost of college will continue to rise. According to data from the Labor Department, the price index for college tuition grew by nearly 80 percent between August 2003 and August 2013 (Kurtzleben). Nearly twice as fast as growth in costs in medical care, another area greatly recognized for fast-rising prices. It's also more than twice as fast as the overall consumer price index during that same