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College Tuition Final Copy Essay

1092 words - 5 pages

Since the 1973-74 school year to the 2008-2009 school year, the price of attending a four-year public or private school has roughly tripled after adjusting for inflation according to College Board. (Update). The current price of college tuition leaves students with many problems in order to receive a college degree which most careers today require. Attending college is part of the “American Dream” and the freedoms that this great country offers but when students can not afford the freedoms we offer, then it becomes a problem. Most college students are left with substantial amounts of debt restricting them from further advancing in their careers after they graduate and the average family can ...view middle of the document...

Alessandra Romanelli, a recent Italian who just finished her masters in France said, “In Italy, I don’t know any student who has a debt. Maybe you have one but it’s with your parents. In France, again I would say no, as, if you choose to go to university, tuition is affordable—about 400 Euros ($525) per year.” (US Tuition). Paying only $525 a year sounds a lot better to me rather than paying thousands of dollars to a school that the students are not even attending anymore. Also, from 2003-2012, the amount of 25-year-olds with debt resulting from education increased from 25% to 43% and the average amount they owed was $20,326 in 2012 which was an increase of 91% since 2003. (College Education). In only 9 years, the amount of debt left for students to pay increased 91% and in those same 9 years, the number of 25-year-olds with student debt increased from 25% to 43%.
In spite of this, many would say that with a college degree being so important in our society, the high cost of tuition is worthwhile for a college education. College Board, a nonprofit organization, reports that the difference between a college graduate and a high school graduate is about $800,000. (KQED). This huge difference appears to be a simple choice for everyone that attending college is worth the money; however, when the average family can not keep up with the constantly rising cost of tuition even with the help of discounts, then it becomes a problem. As stated before, the price of tuition in 40 years has tripled while family income has only increased by about 11% leaving families way behind the rate of tuition. For students to actually be able to receive their degree, the tuition needs to be lowered so the families average income can keep pace with the rising costs.
If the high price of college tuition is not attended to soon, then it could lead to other problems such as much less students attending college because they cannot even afford to go. If businesses think that everyone should have a college degree to get a well-paying job, then they should make it...

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