Preview

College Tuition Cost

Good Essays
Open Document
Open Document
754 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
College Tuition Cost
Thesis: Cost of college tuition should be drastically lowered each year based on academic performance for students who are financially in need.
“The whole people must take upon themselves the education of the whole people, and must be willing to bear the expense of it,” John Adams. President John Adams understood the importance of not just literacy but education and the impact that it has on American society. This ideology is what led to the signing of the 1862 Morrill Act, “to promote the liberal and practical education of the industrial classes in the several pursuits and professions in life.” Hundreds of thousands of high school graduates live in such poverty that the notion of attending college is not even considered. However, millions
…show more content…
Standardized tests, grade point average and community service involvement should all be considered when lowering cost of education as time passes for students. With some students not being good test-takers, the productivity of a student should be able to be determined by using that student’s GPA. Other methods of measuring academic success, for students with learning disabilities such as dyslexia or dysgraphia, can be used to aid these students as well. Community involvement can be whatever the school board deems necessary when dealing with the needs of its citizens. This could be anything from charity drives to helping feed the …show more content…
The reasons run the gamut from family problems and loneliness to academic struggles and a lack of money,” according to College.usnews. Statistics show that financial status is directly linked to the retention rate, “the percentage of a school's first-time, first-year undergraduate students who continue at that school the next year, (fafsa.gov). Collegefactual.com reports that with 81% of freshman making it past their first year, Mississippi State University, has a freshman retention rate of 69.4%, beating the national average.
With college debt spiking above the trillion dollar mark, major concern is past due. “Of this $1.2 trillion in student debt, about $1 trillion is in federal student loans. This monetary figure does not account for the funds students take away from retirement savings, parent borrowing, or credit card debt, says Forbes. This carries student loan debts to new heights, being held responsible for the second highest form of consumer debt, second to mortgages (Forbes). It slows economic growth and increases interest rates.
Jones

You May Also Find These Documents Helpful

  • Good Essays

    Cost of College

    • 1122 Words
    • 5 Pages

    In 1983, the tuition per term at the University of Oregon was $321. There were three terms per year. In the year 2005, the cost of tuition at the University of Oregon is $5853 per year, or $1951 per term. This growth in the cost of tuition can be modeled by an exponential function: y = a(b)x. The variable y represents the cost of tuition per term, and the variable x corresponds to the number of years that have passed since the initial year. To find this exponential function, make the initial year 1983. During the year 1983, zero years had passed since the initial year and the cost of tuition per term was $321, making y=321 and x=0. When these numerical values substitute for the variables, the equation is 321 = a(b)0. Owing to the fact that any nonzero real number with a zero exponent is equal to 1, (b)0=1. The equation can be simplified to 321=a(1), so 321= a. Since a is a constant, a will always equal 321 in this equation, regardless of the values of the variables. During the year 2005, 22 years have passed since the initial year and the cost of tuition at the University of Oregon is $1951 per term, making x=22 and y=1951. Upon the substitution of the numerical values for the variables, the equation is 1951=321(b)22. By division, b22= (1951/321). b=22√ (1951/321). Since b is a constant, b will always equal 22√ (1951/321), regardless of the values of the variables. Now that both constants have been obtained, an exponential equation expressing the cost of tuition per term at the University of Oregon in terms of the number of years that have passed since 1983 can be made: y =…

    • 1122 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    In this article it talks about the rise of tuition and fees and the fact that financial aid and income are not able to cover the cost.…

    • 77 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    The story of student loan debt isn't too often talked about, students don’t take it too serious like they should. College students that barely have time to work spend four years thinking about the student loan; how it will affect their life after college; how they will manage to pay it later. Seven in a total of 10 seniors that graduated back in 2015 had a student loan debt average of $30,000. It had increased 4% comparing to 2014 graduates. Within the years, student loan debt has grown at twice; America colleges graduates are lucky if they have some money left to pay the bills, or even to eat regularly. Every year the debt is increasing, but when this will stop? "I believe we have a higher education bubble," says Derrick Handwerk, managing…

    • 962 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Forgiving Student Debt

    • 862 Words
    • 4 Pages

    As Graduation comes near we all like to believe that our careers begin debt free behind that glass door, we turn the knob and all our extensive work will have paid off. When in fact, the glass door shatters and the student faces reality of paying back student loans. There is little dispute today that the number of students who have student loan debt has increased.…

    • 862 Words
    • 4 Pages
    Good Essays
  • Good Essays

    About half of all students (49%) graduate college with a total debt count of over 30,000 dollars in student loan debt alone. When you add all this debt together, college graduates and students have a total combined debt of approximately 1.2 trillion dollars. With that much money at hand you have to wonder how these students can manage to buy a house, car, or start a family once they have graduated and pursued…

    • 773 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Student Debt Analysis

    • 1883 Words
    • 8 Pages

    The issue of student debt affects so many people worldwide on a day to day basis. As of 2015, student debt is more than $1.1 trillion dollars (Cook, 2015). This crisis of student debt that has risen overtime has caused major debate and discussion to families, policy experts, and politicians (Cook, 2015). As a result of trying to attain a career, students that are not financially capable of supporting their education and have no choice but to acquire student loans that will in turn become student debt. The impacts of student debt are seen to affect each individual differently depending on their financial and mental status. Additionally, the type of college each student attends will determine how dramatic their debt will be (Cook, 2015).…

    • 1883 Words
    • 8 Pages
    Good Essays
  • Good Essays

    based on representative data, seriously underestimate how much student debt they have. A significant share of undergraduate students do not understand how much they are currently paying for college, what type of loans (subsidized or unsubsidized) they have accepted, the current interest rate connected to their loans, or how much debt they are taking on upon graduation. With the average college tuition cost rises yearly with more students accepting more loans then what are essentially necessary its only getting worse. It is reported that tuition and fees have climbed thirty-percent faster than health care costs and four times (about a three-hundred percent increase) the rate of inflation since 1980. Yet, the government continues to provide more than half of all federal student loans and receives on average very low repayment rates in return. The process to receive student loan money, from the initial application to the disbursements of the loan, is in nature quicker and much more simple then the application to attend college itself. Students incur debt up to three times the tuition rate owing back in excess the amount of receiving another bachelor’s…

    • 765 Words
    • 4 Pages
    Good Essays
  • Good Essays

    College has been a controversial spotlight topic in the media as of late, largely amongst the millennial population; this is because of the immense amounts of student debt that Americans are facing, with “$1.26 trillion in total U.S student loan debt and 44.2 million Americans with student loan debt” (“U.S. Student Loan Debt Statistics for 2017”). If you were to divide that accumulated debt amongst the 44.2 million, each person would be left…

    • 981 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Solutions To Student Debt

    • 543 Words
    • 3 Pages

    Student debt is becoming an increasing issue for many adults and young Americans. Over 1.3 trillion owe in student debt. Truth is, presidential hopefuls like Hillary, promise us a solution for student debt, but instead all they do is present students with these speeches containing false promises. As this problem continues to grow Americans may question if their college education was worth it. We are taught in high school that we are guaranteed to be successful by going to college and getting a degree, but most teachers fail to mention that not only are you not guaranteed work, but you also end up tremendously in debt due to student loans.…

    • 543 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The college tuition is a common issue in the most families on the entire world. Many people care too much about the college cost after their kids’ graduation or their whole life for saving to the college tuition. The cost of tuition is out of control despite the enormous endowments that colleges are enjoying while others suffered to earn. I think college tuition has to be free, moreover, many good students that cannot afford the college tuition have the rights to study, and to have opportunity to accomplish their goals regardless of their family situation or their low income. So I believe that kids should be treated fairly and go to college. Many kids are very smart, but they don’t have money for an education.…

    • 698 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The main reason for college dropout seems to be because of financial issues.At the forefront of reasons for college dropout is the cost—and not just the cost of tuition, but the costs of books, materials, transportation, and housing. Forty-eight percent of college students drop out because they cannot afford tuition. Most students do not have scholarships to cover at least half of their tuition. A study surveyed dropouts and about 7 in 10 of the dropouts said they had no scholarship or loan aid. Some college students dropout of school is because they do not have the help from parents or relatives. Among student dropouts, nearly 6 in 10 got no help from their parents in paying…

    • 539 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Student Loan Debt

    • 1260 Words
    • 6 Pages

    On average, most people graduate college with a student loan debt of over $20,000. The source of this debt is not only for tuition fees, but also credit card payments as well. It is likely that after graduating from college, a person would spend a good portion of their life paying off that debt. The average cost of attending college and university has not only increased, but so has living costs. With living being so costly, it is natural to seek to do higher paying jobs. However, just paying for tuition can make a person deep in debt.…

    • 1260 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    2. Clark, Kim “Should your kids pay for their college?” 11 December 2009. http://www.usnews.com/articles/education/2009/12/11/should-your-kids-pay-for-college-themselves.html 15 October 2010.…

    • 1533 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    This year the average college student will graduate with at least $20,000 in student loan debt (College access and success). For years higher education has been worshiped with God like influence as a way to escape poverty and attain a career and live the American life. With the rising college tuitions it has become increasingly harder for the middle class to afford college and reap the benefits. Seven out of ten students, will have a burden over their shoulders for years to come as to how to repay the debt. Debt is no respecter of persons: business owners, single parents, teachers and seniors to this day are still constantly bombarded with debt.…

    • 1222 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Student Debt Essay

    • 1397 Words
    • 6 Pages

    Student debt in on the rise. It arises from the increasing college tuition costs. It makes college attendance prohibitive to many people. Additionally, it translates to a higher student loan debts. College is expensive, to a point that many people consider it a dream come true to attend college. The current developments in the world mean that there are an ever-increasing number of new courses. Moreover, the costs are on the rise to remain current with educational developments. Individuals who are disproportionately affected include people of color and the poor.…

    • 1397 Words
    • 6 Pages
    Good Essays