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 =…
College debt is pretty much inevitable for anyone wanting to have an education after high school. I, and most teenagers, do indeed want to go onto college but are scared away by the high cost. I know my family and I are definitely freaked out about the high cost of college. These students, including myself, shouldn’t be scared away so easily, as the high tuition isn’t so high at all. Colleges now have what would be called a sticker price. The first number you see is the sticker price, and what you don’t see is all of the deductions you can make to it.…
Scott-Clayton makes many valid points here. The cost to attend college in terms of monetary value is outrageous. On average, 66% of college students graduate with debt from student loans. For many people repaying these loans will take all their life. There is also the possibility the college students could run out of money before completing college and must drop out. This is just monetary costs but as stated there are also psychological…
According to the National Center for Education Statistics, “Between 1999–2000 and 2009–10, prices for undergraduate tuition, room, and board at public institutions rose 37 percent, and prices at private institutions rose 25 percent, after adjustment for inflation.” ("Tuition Costs for Colleges and Universities") Everyone tells students to go to college to get an education, because without one, one will go nowhere in life. If I had a dime for every time I heard that, I would be a millionaire, therefore not needing to be in college. Although having an education is very important to make any sort of significant amount of money in one’s life, sometimes it is impossible for many middleclass…
The reason why colleges and university are worth the four plus years and the high cost of tuition is because of the amount of money you can make afterwards. An article written by Catherine Rampell can help you see the advantages of receiving a degree from an institution. She showed that of the American earning more than $150,000, 82 percent of them carried a bachelor’s degree. Only 6.5 percent of those Americans who earned at least $150,000 did not receive a high school diploma and around 7 percent did have a diploma. This illustrates the need for more people to go to college to receive a degree because it will get them a job that will increase their income by 20 to 30 thousand dollars. In the long run, this can affect your standard of living. With that extra cash you would be making, you can pay off your college debt which a lot of people are saying is out of control and one of the reasons college is not worth it. The bigger picture is that you can pay off the college debt in the first five years and then use that money to pay for a new car or a bigger house. This is the reason why the standards of living will increase.…
Year after year the cost of college keeps rising. It has risen more than 1100% over the past 30 years. Think about if the prices of our day-to-day products like milk, shampoo, and gas raised that much. We’d be paying $13 per gallon of milk. With the price of college rising so much its difficult for people to see a return of their investment. Even if you’re a college graduating and have got a decent paying job their most likely going to have student loans which their investment wouldn’t be beneficial unless they pursue a technical degree, or study to become a lawyer or a doctor. You don’t want to be just another person with a “worthless college…
If one looks at the data, the bigger problem is that many students don’t finish college. “Only about 55 percent of students graduate six years after starting,” Bob Luebke (a writer for the Civitas Institute.) The problem is not access but completion. So why do people drop out of college? For the most part, money is not the biggest problem; it’s usually factors like family issues, or transportation. Providing free tuition to institutions that graduate only a small amount over 50 percent of their students does not make economic sense. Also, if college tuition does become free for students, colleges will attract more young people who are not suited for college and will most likely drop out as well as more students that will major in fields with little or no market…
Most people describe the middle class as another social class that is based on their income but there's more to that. Half of the population makes this class, making more than the bottom quarter and less than the top quarter. Some people base the middle class by its wealth, income, consumption, and aspiration.…
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.…
The cost of college education today is so high that many young people are giving up their dream of going to college, while many others are graduating deeply in debt “ Bernie Sanders.” Majority of college costs fall between college tuition and fees category.If college is essential for building a career and being a full participant in our democracy as high school once was, shouldn't it be free, paid for by public dollars People believe that colleges are a place to learn and students cannot do so if they cannot afford it. College tuition should be free because to lessen student debt, lower dropout rate, and help graduates be successful. .…
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.…
When my brother graduated from high school, it was difficult for my parent to pay for his tuition, seeing as how he just recently come to the States. The Free Community College program was able to help him go to college for two years and soon he will be planning to finish his last two years at another school. These give me the opportunity to be able to attend a university of my choice. My parent not having to worry about funding my brother college tuition gives them the time to be able to work and plan my college fund and the last two year of my brother education. The expense of higher education keeps increasing as time goes by, which encourage many students to abandon the thought of college. These discouragements…
There are many adults who would take advantage of having the opportunity of free college. For instance a stay at home parent may decide that they want a degree, but have no intentions of future work, while their tuition is getting paid for by hard working citizens.There will also be students who will work less hard because they are not the ones paying for their education. Some students also will be more prone to skipping class with nothing to lose because they could just retake the class for free. Daniel Willingham, a graduate from Harvard University with a major in psychology, suggests, "Before spending billions to get more kids in college we should make sure that won't simply lead to a boom in college failure " ( Alexus…
Did you know that in total, over 1 trillion dollars is owed in college loans? There are a number of reasons to not go to college. For example, college is very expensive. It also doesn’t teach you what you need to know to be successful at your career path. You can be successful even if you drop out. Going to college is overrated because it is expensive, it doesn’t teach you what you need, and dropouts are successful too.…
When speaking of whether higher education should be free for all, I couldn’t stop thinking about all the problematic issues that would arise. For instance, students would lack that sense of ambition and drive to succeed I know this because I’ve met people who’ve had everything handed to them, and through their actions and behaviors you can see that they seemed not to care as much about education as those who were taught to get things on their own. Also there would be insufficient funds --where would the money come from? And lastly, students would place less value on education. Those are some reasons why I believe higher education shouldn’t be free. The way I see it, going to college is like the ultimate ski slope. It’s terrifying, the great unknown, but you know that if you can just make the first jump off the edge, you’ll have an amazing ride.…