Many universities have to increase their tuition for many reasons. In many of ways, students and family do not understand why. For at least a century, tuition at selective private colleges and universities has risen annually by two to three percent more than the rate of inflation (Ehrenberg, 2002). Reasons to raise college tuition is that the school maybe drowning in debt, room and board could be costly, some attendees may not have a scholarship, funding to help with building facilities to the school, helps with funding the school’s bills and many more. Although students and families can be hesitate about going to a certain university because of the cost if they believe that they are receiving quality education they won’t be hesitate …show more content…
The students that remain at the school will complain about the high cost of tuition but will pay the price of tuition in order to attend the Nobody State University.
Explain the process of revenue at NSU, focusing on the relationship between the increased revenue from students enrolling at NSU despite the higher tuition and the lost revenue from possible lower enrollment. Increasing in level of tuition in the University will result in increased level of revenue of university. If students will continue to take admission in university regardless to the increase in tuition of Nobody State University, there will be a method that the university should use to be able to work towards increasing its revenues to an improved level. If students do not enroll with university, tuition is raised in the university then; revenue of university will decrease to a lower level. Nobody State University must ensure that it does not lower down quality of its education if they decide to raise the cost of tuition. With increase in quality of education the number of enrollments in the university is definitely going to increase the level of revenue. If lost revenue is to be increased even with lost enrollments of students, the university should increase tuition to a certain level that they can balance the level of enrollments lost by the …show more content…
University has to ensure that it is working towards increasing its revenues. The University must understand that there will be ups and down to work toward the increasing its revenues. As the President of Nobody State University, I would have a briefing prepared to explain to the students and families about the ongoing issue will revenue at the school and explain that tuition could possibly increase at the school. I will always ensure them that the quality of work giving to the family will be superb and will set them up for a great job in the working