College Tuition: The Main Problem
Over the years, college tuition has always been a problem not only for the U.S but also for the different families. It gets higher and higher when trying to be out of state. Tuition process has increased 36% from 2008 to 2018 while income in the U.S grew just over 2.1% in the same period according to the data from Center on Budget and Policy Priorities. Why has tuition increased over the years when it was only a small fraction in the 1960s and 1970s? Does the nation not realize that this will only make families not wanting to pay so high just so their love ones can go get a higher education when high school and down was free? What will happen if the next generations decided that they don’t want a higher education? Will they stop tuition all together or continued to take all of money?
College tuition has more than doubled since the 1980s. According to the College Board “Trends in College Pricing 2017” the average cost of tuition and fees has increased by more than 3% at private and public colleges. At a four – year nonprofit private institution, tuition, room and board all cost roughly up to $46,950 on average and four-year public college chargers an average of $20,770 a year for tuition, fees, room and board. While out of state goes up to $36,420. That would leave people coming out of college with so much student debt that they wouldn’t be able to pay it all until they’re in their late 30s or higher. Heflin from U.S News says “These colleges are trying to raise tuition to appeal to a broader group of students by allowing that to take the place of actual quality.” This situation is a part of where a lot of colleges are trying to raise their sticker price. The cost issued has been tracked by the Organization for Economic Cooperation and Development.
Finical aid can help students afford to go to college and its suppose to help take the burden off of some families. Some families should not be focused on sticker price they should look at the net price, this can help students explore on what net price is. From 200 to 2012, the percentage of students who took out student loans jumped to 60% from about 50%, according to a report by the American Academy of Arts & Sciences.
College tuition focuses on sticker price and net price. There is a bill that Congress passes in 1978, which is known as the Middle-Income Students Assistance Act allowing income for subsided loans and middle–income students eligible for grants. Not only does high cost of college have something to do with economics it also has something to do with politics. In conclusion, college tuition has increased since the 1900s and it will only increase over the years if we don’t try to do something about it.