The Rising Costs Of Tuition In New York Universities.

1275 words - 5 pages

Katie Maguire Dr. RodriguezWriting for College-Critical Analysis October 9, 2002Rising Cost of TuitionThe high price of a college education is an issue of growing concern for American families. Over the past twenty years, tuition has more than doubled at both public and private schools. An affordable higher education is important for students and is a necessity to have a quality education to compete in the changing job markets. In some cases, depending on the area of study, students are forced to get a master's or post-graduate degree to get a job after school. And while they are at school, some students have to delay graduation a few years because they have to support themselves through college with two or three part-time jobs to afford rising tuition costs (FAFSA).Yet, financial support to schools, in the form of state appropriations, as well as aid to students and their families, have failed to keep pace with those cost increases. Students are painfully familiar with these developments. They're worried about how they are going to pay for college. At the College of Mount Saint Vincent, students seem to be suffering from the same tribulations.Many of our school's students ask themselves, "Why is college tuition so high?" The school tells us that they are providing an expensive and highly valuable product - an education that will mean thousands of dollars more in future earning power for graduates. But many students are concerned that our school may not be using their tuition dollars as efficiently as they should be - that perhaps they are paying more for a college education than is really necessary. Look at the component parts of tuition, those costs incurred by institutions in providing education, and ask whether The College of Mount Saint Vincent is doing everything they can to hold down their expenses. I will look at the subsidies for higher education, and whether aid to students and schools is adequate by drawing on survey data I accumulated for this assignment.Many private schools can use their endowments to offset costs and lower tuition. From the student's perspective, the amount of aid he or she receives is as important as the "sticker price" of tuition in terms of college affordability. From the overall results of the survey 71% percent of CMSV believe that "a four-year college education is not affordable for most Americans," while about 65 % list cost of a college education as a top concern. Between 49 to 51% of students received financial aid last year. "Focusing on 'sticker price' or allowing 'sticker shock' to influence college choice will limit opportunities that are out there for students," said one sophomore student. I asked the question, "Did financial aid affect your decision to attend the College of Mount Saint Vincent?" about 95% of the students surveyed answered yes. When I asked why, the answers varied from "I am going here for free" to "They gave me the most money" to "This is the only school that gave me money." Most of...

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