College Tuition: College Tuition: Are We Really Getting Our Money’s Worth?

1859 words - 7 pages

College Tuition: Are We Really Getting Our Money's Worth?Within the current economic position in which the United States resides, achieving a college degree is almost required in order to make a decent living nowadays. However, according to the Huffington Post, college tuition has suffered a whopping 16% increase in the past year in Washington State alone. This accelerated increase generates the idea that achieving a college degree might not, in fact, be worth it unless tuition starts decreasing sometime in the near future. College tuition should not continue to rise at the current rate it has been the past few years because this will have a detrimental effect on American society for generations to come. When planning for college, the main concern, after actual acceptance, would easily be the financial portion. With thousands of future college students stressing over the finances, they are quickly reminded of student loans. Student loans are supposed to be helpful and convenient for college students. However, are student loans actually helpful? Federal Student Aid, an office of the U.S. Department of Education, states: "Here's a simple equation: a college or career school education = more money, more job options, and more freedom" (Federal Student Aid). True, a college education usually promises more job options which tend to award a higher salary, but by what cost? The Federal Bank Reserve of New York released data stating that student loan debt reached $867 billion in the fourth quarter of 2011. They then stated: "Student loan debt is the only form of consumer debt that has grown since the peak of consumer debt in 2008. Balances of student loans have eclipsed both auto loans and credit cards, making student loan debt the largest form of consumer debt outside of mortgages" (Federal Bank Reserve). At a time where unemployment is high, is a job that withholds a good salary even promised to potentially pay off these loans? Not exactly. Investor's Business Daily states: "Out of 9 million unemployed in April, 4.7 million had gone to college or graduated and 4.3 million had not…a swing of more than 2 million since the start of 1992, early in another jobless recovery, when 4.1 million who hadn't gone to college were jobless vs. 2.3 million jobless who had gone" (Investor's Business Daily). So, really, is a college degree even worth having to pay off the student loans? With close to half of the unemployed not even having a degree, it is obvious that no matter what way you go, college degree or not, you're not necessarily "playing it safe". The problem with college tuition continuing to rise is that it, like all other products and services for sale, is subject to the economic rules of supply and demand. As the price goes up, the demand goes down. Therefore, if colleges continue to raise the tuition, eventually, it will become less than affordable. People will not want to take out all these student loans that they will eventually have to pay off,...

Find Another Essay On College Tuition: College Tuition: Are We Really Getting Our Money’s Worth?

Rising College Tuition Essay

902 words - 4 pages educational purposes because they are overwhelmed by financial issues. They are attending community colleges so they will be able to graduate with a lower debt. Some seniors have wanted to attend a certain university all their life and they work toward that goal through grade school; however, they are hindered by soaring tuition for that college. Students should be able to attend a private university if they meet the requirements because our society

Making College Tuition Cheaper Essay

763 words - 3 pages to get into a new program. I believe the amounts of money we spend in college funds are outrageous. I am almost positive that everyone reading this would agree with me that they wish they hadn't spent so much to get an education. The demand to go to college is high, so I think that the state is going to raise the college tuition because they know the students will pay that much to attend their programs.      Tuition

Fighting Rising College Tuition Costs

2341 words - 9 pages college education within reach of every American. That’s the best investment we can make for our future. I’ll create a new and fully refundable tax credit worth $4,000 for tuition and fees every year, which will cover two-thirds of the tuition at the average public college or university. I’ll also simplify the financial aid application process so that we don’t have a million students who aren’t applying for aid because it’s too difficult. I

College tuition is too expensive

936 words - 4 pages college tuition so more people can have a college education, and better paying jobs. Tuition in a private university usually cost $40,000 and upwards for a 4-year degree plan so a lot of students turn towards their state university but the worst part is that state universities are getting closer to private universities in terms of their tuition cost. Penn State University is the most expensive state university in the United States with a cost of

Argument Essay on College Tuition

1437 words - 6 pages ” (Holtom). Based on the research that the U.S. Census provided, the costs of obtaining a degree are easily recovered throughout your career after you complete college. Motivation is another positive effect of there being such a high cost for college. If you have to pay for something you really want, how hard are you truly willing to work? For those that can afford to pay for college it is good motivation and provides them with a goal. When someone has

Students Deserve A College Tuition

4290 words - 17 pages if the student truly deserves to get a good college education. Not only would the students be better off and happier if they could earn free college tuition for their work, but the figures of today and of history would be well satisfied by the fact that students, no matter the situation, are getting the education they want, need, and deserve. Their quality of life increases on so many levels and the self-worth, reward, and accomplishment is such a

Rising College Tuition in America

926 words - 4 pages Rising College Tuition in America “College Prices Soar Again!” “Budget Cuts Cause Even Higher Tuition!” “Higher Education Now Even Less Affordable” These are all statements that have been seen all over the media: newspapers, magazines, television, and radio. (3 SV: SV) Rising college tuition in America has been a problem for years. Many students drop out after a single year due to the pricey costs of tuition. The rapid rise can be attributed to

Fighting the Cost of College Tuition

1960 words - 8 pages later in life. We also believe that, as Americans, we have a right to have the tools to become successful within our reach. Higher education is highly valued by most Americans, but, sadly, many cannot afford to attend colleges or universities. It seems that colleges and universities know how much employers look for employees with a college education. Both the American public and the college administrators are aware of the effect a

College Tuition and Student Loan Debts

1143 words - 5 pages college and then transfer after two years. This knocks two years tuition off of the regular college which is nice, but it is still not the same as getting those four full years. Some people are even beginning to consider skipping college all together. If people start skipping out on college because of student debt, we could have an entirely new and much bigger problem on our hands. This is already happening in some ways. Especially in fields where

Is College Really Worth the Trouble?

1402 words - 6 pages What if I am too broke to afford to go to college? College is expensive and the costs are continuing to rise. I ask myself this question everyday and wonder is going to college actually worth it. The future of higher education is continuing to evolve and I believe that college is affordable to anyone who truly wants to go. The future of traditional college is in jeopardy. Sometimes going to college and spending the money is not always the best

Getting A College Education

598 words - 2 pages be strengthened and empowered to be among those who are making positive and uplifting changes in our world. I will be more knowledgeable, know how to stand up for myself and have an impact on those who are around me.Growing up in the rural areas of Portland, Jamaica, it wasn't easy getting to and from school. Some people in my community have never been to school and my parents only went to high school. If I don't see progress in something I can't

Similar Essays

College Tuition Essay

529 words - 2 pages College tuition soars, but aid grows along with it, students are paying up to 9% more to attend school. It is said that the lifetime earnings of a college graduate is at 1 million more than the overall earnings of someone with only a high school diploma. So in the end something good is coming out of spending the money to graduate from college. How are the students affected and how may it affect schools, why is tuition increasing, and what are

College Tuition Essay

2113 words - 9 pages To this day, countless college graduates are still paying back their school loans from years ago with no foreseen future of the bills ever ending. To many, college is believed to be the best time of your life, where young adults get to be who they are with no adults to tell them what to do. However, years later when the bills start to seem like they are getting too much, it is probably because they are. School loans are ridiculous for the small

College Tuition Essay

1081 words - 5 pages College tuition is something that parents and students are very concern about. Every year universities raise their tuition. Some parents can’t afford for their children to go to college. Every student wants to experience the college lifestyle. Parents want their kids to have the best education but also want it to be affordable. There so much to look into when it come to the cost of the school. Room and board, books, orientation fees, and

Increasing College Tuition Essay

1195 words - 5 pages aren’t research schools — spending has been basically stagnant over the past decade. What’s more, most years in the 2000s actually saw spending decline relative to 2000, not increase, even though tuition rose. The problem at these schools is not out of control spending. The issue is that the schools’ are getting money they used to get from the government from students, which makes the product more expensive to families even though overall costs are