The Cost Of Higher Education - 1100 Words

Over the past four decades, the costs of higher education has risen at a rate that surpasses the rate on inflation. Students, parents, and policymakers are concern about the rapid increase. The literature supports that there are multiple trends such as a decline in federal and state support as well as outdated policies and practices that have contributed to continued rise. Thelin (2015) analyzed Edwin Slosson’s 1910 anthology on Great American Universities, which provided data on fourteen prominent institutions of that era. They were both private and public institutions. He examined why college costs so little a century ago. The data was compiled in 1908-1909, by the Carnegie Foundation of the Advancement of Teaching (CFAT). Please†¦show more content†¦Since the recession, public colleges and university across the United States have increased tuition to offset the decline in state funding (Mitchell, Palacious, and Leachman 2014). Tuition at four-year public colleg es has risen by 28 percent after adjusting for inflation. Over the past two decade, tuition has increased faster than median income. The authors stated that federal student aid and tax credits have increased, but not enough to cover the shortage of increased tuition costs. In fact, please note that tuition only accounts for part of revenue losses from state funding reductions. Public institutions have had to cut faculty positions, curriculum offerings, closed campuses, closed computer laboratories, and reduced library services, etc. (Mitchell etal, 2014). The University of Carolina, Chapel Hill cut 493 positions, 16,000 course seats, increased class sizes, computer laboratories, and eliminated two distance education centers. Additionally, the literature indicates that future jobs will require a more educated workforce, and adequate funding for higher education is vital to keep tuition affordable and to maintain high quality public colleges and universities. Indeed, states must i nvest in developing a skilled and diverse workforce to compete for jobs. The authors also posit that policymakers must make sound budget decision to bring higher education back to pre-recession levels. This mayShow MoreRelatedThe Cost of Higher Education754 Words   |  3 Pages For most high school seniors the cost of higher education may be a daily or at least. It is an even a concern in that a group of students, who all share a common, concern, around the same age, but with no reliable income. Each one is making a huge investment in their future, but in majority of cases adding more and more debt to their lifestyles. Though majority of students receive financial aid, the amount of debt which tuition builds is beyond stressing. For some students relying on their familyRead MoreThe Cost Of A Higher Education958 Words   |  4 PagesAll through life, most children are told that getting a higher education is the only way to have a successful life. Each year the cost of college rises, with that the total student debt rises as more students take out loans to help pay for his or her education. An astounding 1.2 trillion dollars is the United States student debt amount, and every year it continues to grow. (Investor’s Business, 2015, p. A14). According t o new reports, 27.3% of student loans are delinquent and that on average a student’sRead MoreThe Cost Of Higher Education898 Words   |  4 PagesThe cost of higher education College institutions offer a wide range of degrees and certificates, ranging from associate degrees to post-doctorates. A bachelors degree is another name for a 4-year degree, and such can be given in a wide variety of fields of study. 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