What Are The Effects Of High College Tuition Costs On The

What are the effects of high college tuition costs on the economy? The fundamental aim of obtaining a higher education in this country has been to prepare and educate young Americans to accept and consider productive and proactive roles in the workforce, to strengthen our communities and nation as a whole, to contribute to our domestic and international economic competitiveness and to enrich our lives to the very fullest. As part of the perception of the American dream of â€Å"opportunity for all,† higher education also plays an important role in the effort to dispose of, or at the very least to narrow, the gaps in the opportunity to obtain a higher education between the many people who are born into lower socioeconomic circumstances at†¦show more content†¦To put this in a more clear perspective, according to an article published by Forbes Magazine, â€Å"the overall consumer price index has risen 115% while the college education inflation rate has risen nearly 500%, if the cost of college tuition was $10,000 in 1986, it would now cost the same student over $21,500 if education had increased as much as the average inflation rate but instead education is $59,800 or over 2  ½ times the inflation rate† (Odland). The problem here are the many underlying costs which there is seemingly little to nothing being developed and utilized to control those costs resulting in negative affects on the American economy. The most problematic issue pertaining to the high costs of college tuition in America is that fewer students from low-income families are going to college. Unaffordable college tuition costs is proving to be driving away thousands of low income students from the opportunity to attend college. Even with an extensive range of student aid programs from the government and various private sources, students from low-income families are consistently finding themselves in a situation where they simply do not have the financial means to attend college. To put things in perspective, according to a report submitted to Congress by the Advisory Committee on Student Financial Assistance states, â€Å"Enrollment at four year colleges for low-income students decreased 14% between 1992 and 2004, as theShow MoreRelatedIs College Still A Good Investment?958 Words   |  4 PagesIn Does College Still Pay, Lisa Barrow explores that even though the college tuition costs are increasing rapidly, is colleg e still a good investment. Barrow states that college still worth wild and there is no evidence of a downward trend to students attending college due to increasing college tuition. Barrow also claims that by getting a bachelor s degree today, a college student can expect to regain all of their investments they have put towards their education within 10 years after graduationRead MoreEffects of Higher College Tuition on California Students1211 Words   |  5 PagesHead: EFFECTS OF HIGHER EDUCATION ON CALIFORNIA STUDENTS Effects of Higher College Tuition on California Students Hudson Pacific Ocean University EFFECTS OFRead MoreHigher Education At The United States Essay1226 Words   |  5 Pagesintroduced in 1636 when Harvard University first opened its doors. At the time, college was seen as an exclusive institution, typically reserved for the wealthy elite. In the 1600’s, a college degree was not necessary to get a decent job and make a living; therefore, there was not a high demand for it. Since then, public opinion and attitudes about higher education have changed significantly. In today’s job market, a college degree is a requirement for a majority of positions. Employers’ demand for highlyRead MoreThe Driving Forces Behind College Tuition Essay1296 Words   |  6 PagesForces Behind College Tuition Hikes Higher education in the United States was introduced in 1636 when Harvard University first opened its doors. At the time, college was seen as an exclusive institution, typically reserved for the wealthy elite. In the 1600’s, a college degree was not necessary to get a decent job and make a living; therefore, there was little demand. Since then, public opinion and attitudes about higher education have changed significantly. In today’s job market, a college degree isRead MoreTuition on the Rise: A Cause of Turmoil1111 Words   |  5 PagesTuition on the Rise: A Cause of Turmoil Today colleges are growing more and more necessary for attaining a solid path towards a successful career, yet the rapidly increasing cost of tuition is driving students away from their dream of attending college, due to the preposterous amount of money that is now being demanded by colleges across the nation and world as a whole. It is sad to see students being turned away from a successful future due to the money-hungry nature of the universities that dotRead MoreThe Effects Of Rising Tuition On Students Choice Of Future Career Field1308 Words   |  6 Pages The Effects of Rising Tuition Costs on Ferrum Students’ choice of future career field Christin C Hyslop Ferrum College Fall 2014 The Effects of Rising Tuition Costs on Ferrum Students’ choice of future career field Introduction Do rising tuition costs affect Ferrum College students’ choice of major? Descriptive research will be done to determine if there is a relationship between rising tuition costs and Ferrum College students’ choice in major. A sample set of students attendingRead MoreThe Cost Of Attending College Essay1356 Words   |  6 PagesThe cost of attending college has risen drastically over the years. Statistics show that there has been a 260% increase in tuition costs since 1980. The increase in tuition cost equates to an increase in money borrowed to fund higher education. An increase in money borrowed results in an increase in debt accumulated over time. As a result of the rising figures, the economy as a whole has also suffered because of the restricted financial space many graduates find themselves in upon completion of theirRead MoreShould The Federal Government Should Allow Free College Tuition And The Effects And Consequences Of Doing900 Words   |  4 PagesIn order to have a decent job it is believed that one must attend college and submerge with a degree. It is exactly why most people in the states pursue higher education, a key component to possess financial security. The task at hand has become a challenging achievement, now more than ever, as a result of skyrocketing tuition cost. It causes students to take out massive loans which, at times, cannot be returned and therefore creating billions in debt for the United States. The idea that studentRead MoreThe Debate On College Tuition Essay951 Words   |  4 PagesThe Debate on College Tuition In our country, several young students in pursuit of a higher education, must work overtime at the local McDonalds, flipping burgers, to pay for their college tuition; while trying to juggle school work and study time during their limited free time. Meanwhile these students live in a country who has buried itself trillions in debt with no end in sight. Sadly, this is the environment that sets up the impassioned debate on whether college tuition should be free in ourRead MoreEco204 Raise or Lower Tuition? Essay710 Words   |  3 PagesState University increases its tuition so, this would not increase the revenue but it would decrease the revenue. If one increase then the other would definitely decrease. No it would definitely not result into more revenue to have more revenue Nobody State University would have to decline some enrollments in order to increase the revenue. Most likely Nobody States University will not decline enrollment so the cost of tuition would definitely be in creased. Under what conditions will revenue (a)