Stop The Tuition Inflation Essay

2564 words - 10 pages

Higher education costs have been increasing at a rapid pace, faster than inflation for the economy as a whole, for the past fifty years. It started in the 1960’s when the federal government passed the Higher Education Act to increase the amount of people able to afford and attend college. Regardless of the Unites States Government efforts to increase the affordability of college, federal aid programs have not risen to expectations due to the ever-increasing college prices. To lower the price of college, the government needs to cut back on student financial spending to go only to the lowest income families and create tax incentives for families to start saving up on their own.
A college education has become the expectation for most youth in the United States. Children need a college education to succeed in the global economy. Unfortunately for the majority of Americans the price of an education has become the equivalent to a small house. The steep tuition of a college education has made it an intimidating financial hurdle for middle class families. In 1986-1987 school year the average tuition at a private university was $20,566 (adjusted to 2011 dollars) while in 2011 the average cost was $28,500 for an increase of 38.6%. Similarly in public universities there has been an increase in tuition: in the 1986-1987 school year the average tuition at a public university was $8,454 (adjusted to 2011 dollars) while in 2011 the average cost was actually $20,770 for an increase of 145.7%. Most families who are able to save for college try to do so, therefore their children are not left with large amounts of debt due to loans. Nevertheless, families are only able to save on average around $10,000, which is not enough to pay for a full education.
Traditionally, the federal government had not played a large role in helping citizens’ pay for higher education; aid usually came from private institutions. After World War II the government made education an important priority in the United States. On June 22, 1944, President Franklin D. Roosevelt approved the Servicemen's Readjustment Act of 1944; also know as the GI Bill of Rights. The bill provided a free college education to returning soldiers from the war (Keesee)
The government began playing a larger role in student financial aid in the 1960’s. The Economic Opportunity Act of 1964 created a federal work-study program, which gave federal funds to universities so they could provide disadvantaged undergraduates with part time jobs which would allow the students to earn money and help compensate off education costs, but still receive an education. The Higher Education Act (HEA), which was enacted in 1965, created the foundation for contemporary day federal aid programs. Title IV is the section of the Act that created grants to students who attend an institution of higher learning. (Higher Education Act.)
The government’s role continued to expand in the 1970’s and 1980’s. There was legislation that...

Find Another Essay On Stop the Tuition Inflation

College tuition Essay

529 words - 2 pages free lunch".Tuition at public colleges just took its biggest jump in a quarter century. Tuition at four-year public colleges and universities is up to 9.6% from a year ago, or about seven times the rate of inflation. Private college tuition increased by 5.8% and tuition at community colleges where laid off workers go for retraining during a weak economy. Increased by 7.9%. Private college tuition rose to an average $18,273 but combined with

Increasing College Tuition Essay

1195 words - 5 pages Over the past few decades the cost of tuition has skyrocketed and turned into something that parents and students all across the nation fear to pay every year due to the fact that it is so expensive. “According to the U.S. Department of Education, the average annual tuition, fees and room and board at a public college or university in 1964-65 — the first year for which there’s data — was $6,592, in 2011 dollars. By 2010-2011, that had

38 Years vs. College

1058 words - 5 pages ). The value of a college education relative to its tuition is - many employers say 2/5 not readt Many colleges support their decision to raise tuition through the claim that inflation is rising. However, this claim is false. Tuition prices does not match inflation; tuition prices rise much faster. In 2011, for Time Magazine, Goodman wrote; “Tuition at Stanford University in 1980-81 was $6,285. Thirty years later, Stanford’s tuition had risen

College Tuition Final Copy

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

Causes and Effects of Increased University Tuition Cost

1137 words - 5 pages follows: Maintenance, New Faculties, Technological Improvements, Inflation, Remedial Courses, Boarding, Financial Aid, Loans, Availability of Classes, as well as many other factors. Tuition costs have increased radically from our grandparents’ generation to ours. Many universities keep buildings that have been constructed since the founding of the university or even before then. This might be good for historical purposes, but not so good when it

Rising College Tuition

902 words - 4 pages dreadful rise in college costs. College tuition is rising beyond inflation. Such an immense rise in tuition has many serious implications for students; for example, fewer students are attending private colleges, fewer students are staying enrolled in college, and fewer students are working in the fields in which they majored in. As the high school chapter is coming to a close, many students have to make a decision that will affect the rest of

The rising costs of tuition in New York Universities

1275 words - 5 pages tuition "cap" to help students afford tuition. The tuition caps not only will make CMSV more accountable for their budgets, but also will keep the cost of higher education at a more affordable rate. The tuition cap would coincide with inflation and cost of living rates. This cap would control tuition and rein in college administrations.There is a saying that you need to know the nature of the problem before solving it. I effectively explained the


2300 words - 9 pages for these advances in technology and inflation besides just hiking up the tuition cost. The tuition cost is so high that they have plenty of money to pay for all of the technological advances that they want and still have money left over for others things that the school has to be able to pay for from the tuition from students.      In one presidential debate between Sen. John Kerry and President Bush, “Sen. John Kerry

Should the U.S. Government Limit Tuition Increases at Colleges and Universities?

2332 words - 10 pages prices of college tuition to stop the rapid growth of student debt. The two chief alternatives to college tuition are lowering the costs or letting the costs continue to rise. Just like Marleen Clapp, many citizens believe that to get ahead in today’s society a college degree is necessary. Noelle Vance, a masters degree holder in english and a bachelors degree holder in education states, “Public education needs to continue through the

Stabilizing the Increasing Tuition Rates for Nebraska’s Colleges and Universities

4239 words - 17 pages Stabilizing the Increasing Tuition Rates for Nebraska’s Colleges and Universities Since the economic downturn of the country’s recession, post high school education has been affected by rising inflation rates and the need to scrape up more money than what other-wise would be necessary. In 2013 a number of states have seen a great improvement. However it can’t be left out that the standards of education and funding for schools

College Pricing

7798 words - 31 pages the average $3,264 published tuition and fees, plus some of their other expenses. INSTITUTIONAL FINANCES From 2000-01 to 2010-11, the inflation-adjusted ten-year percentage changes in education expenditures per FTE student at public institutions were 3% to 5% increases at four-year institutions and a 11% decrease at two-year colleges. - In 2012-13, public institutions received an average $6,646 per full-time equivalent (FTE) student in state

Similar Essays

Raising Tuition Rates Essay

1482 words - 6 pages Tuition rates have been rising exponentially since “World War II and the GI Bill…” which allowed for, “…an explosive increase in the number and proportion of Americans who go to college” (Nathan 148). This change, though largely due to inflation, has been rising past what families can afford to pay, and has led to difficulties for students exiting high school. These difficulties have been seen by campuses, and many already have a plan to help

Fighting The Cost Of College Tuition

1960 words - 8 pages many theories on why college costs so much these days. Students and their parents are battling with school administrators to get them to stop giving them weak justifications for the increase and start showing them where the money is going. Students have every right to be angry about the state of college tuition. In the past 20 years, "tuition increased twice as fast as the overall cost of living (Larson, 63)." Between 1980 and 1990

Tuition On The Rise: A Cause Of Turmoil

1510 words - 7 pages qualified students” (Jolly). The insane amount of tuition costs are preventing talented and qualified students pursue a career in the medical field due to them not possessing wealth, essentially turning the a career in medicine into a “rich man’s” game. A very shocking fact coming from the book, My Freshman Year, is that tuition is far outpacing our economy’s inflation rate, while also eclipsing and surpassing the median income of the average

College Tuition And Student Loan Debts

1143 words - 5 pages inflation. The tuition Since 1978 the college tuition fee has jumped 1,120%. That is an astounding number. Think about if all the money you had went up by 1,120%, one things for sure is you would not be worried about tuition fees. The Rising tuition fees is causing many people to rethink their plan. Many have decided that Going to Community college is a better option than being in debt when they graduate. Also some people will go into community