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 many aspects of the economy, not just a single source. There have also been some propositions of how costs could be lowered, but these have yet to be seen. The United States has gone into a tuition crisis.
Tuition rates have been on the rise since the start of colleges. In 1988, the average college tuition was about $2,800 for a year of schooling. In 2008, that number had risen 130% to nearly $6,800 for one year; according to Annalyn Censky of CNN Money, if the average income had raised the same amount, median family earning would be roughly $77,000 a year, instead of the current $33,000. Americans are making $400 less on average than they did in 1988 says Censky. Over the past twenty years, college has risen 5% of the median family income from 12% to 17%; private colleges went from 27% to 47% says Economist.com. (1 SV; SV.) Tuition isn’t the only thing rising at colleges: room, meals, books, and other fees are rising as well. (4 SV: A,B,C,D.) This also takes its toll on families as well as the students themselves. Many students have to quit college to get more money; consequently, they lose valuable class time. (1A SV; consequently,
SV.) Additionally, student loans accumulate for one trillion of the nation’s 17 trillion dollars in debt, and many scholars believe it is the next great crisis.
Locally, North Dakota State University, or NDSU, saw a tuition increase of 8.8% from the year 2010 to 2011 according to MinotDailyNews.com. NDSU saw another rise of tuition in 2011 to 2012; costs raised another $500 per semester. In other words, it now costs another $4,000 for a four-year degree.
So what has caused the crazy upward spiral in tuition rates? Student loans are at an all-time high due to the public four-year institution rates tripling over the last thirty years say Censky. The average student graduates with over $26,000 in debt according to Daily Journal. Many students are forced to quit college due to the lack of money. Thus, with higher tuition increases the amount of student loans being taken out, which just causes rates to be raised even higher. Twenty years ago, anyone who was willing to pay could walk on almost any university they...