Preview

High Cost Of Higher Tuition

Good Essays
Open Document
Open Document
987 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
High Cost Of Higher Tuition
Introduction
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

You May Also Find These Documents Helpful

  • Good Essays

    Tuition has contributed more to the overall growth in revenue. In particular, special programs have seen the largest increase with a 164.74% increase over the past 4 years. Special programs grew the fastest, but public courses produced the most revenue.…

    • 2325 Words
    • 10 Pages
    Good Essays
  • Good Essays

    I am currently consulting with NSU to find ways to increase revenue. Over the next few paragraphs I would like to address a few topics that will be beneficial in figuring out the best method in increasing NSU revenue. First I will assess a raise in tuition and if it will guarantee the university more revenue. Determine the conditions in which revenue will rise, fall, or remain the same. Then, 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. I will also discuss my suggestion for expanded revenue if the elasticity was truly (-1.2). Finally we will reach a conclusion about what best suits NSU and their future revenue.…

    • 839 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Raise or Lower Tuition? Suppose that, in an attempt to raise more revenue, Nobody State University increases its…

    • 1578 Words
    • 7 Pages
    Good Essays
  • Good Essays

    In the article, “Are Colleges Worth the Price of Admission?” by Andrew Hacker and Claudia Dreifus, the authors did research on several colleges around the country to see whether our investment on higher education is really worth the money that we pay for it. The authors believe that universities are the ones responsible for the doubling of tuition costs compared to what they used to be , and not fulfilling the most important objective to student’s which is: “to challenge the minds of young people” (180). In the article, Hacker and Dreifus outline some things they think would help improve some of the problems in the college system and a few universities that they like, and tell us why these schools have won their favor. Being an incoming freshman at Grambling State University, I’ve been able to see some of the issues universities can have from budget cuts, to problems with the G-men football team.…

    • 822 Words
    • 4 Pages
    Good Essays
  • Better Essays

    The big question for students and parents today would be, are Colleges Worth the Price of Admission? The excerpt, “Are Colleges Worth the Price of Admission,” by Andrew Hacker and Claudia Dreifus is to evaluate whether or not the cost of tuition is worth the benefit anymore. Both of the Authors elaborate in this excerpt by providing problems with the higher education costs and solutions that will allow for money to be saved by students. By focusing on these points of opinion Hacker and Dreifus provide detailed examples of how to fix Americas’ higher education problems.…

    • 821 Words
    • 4 Pages
    Better Essays
  • Good Essays

    Vaccination Case Study

    • 608 Words
    • 3 Pages

    If tuition is held below equilibrium price, more student will want to attend state universities, which can affect the quality of education because there will be increasing class sizes or cut backs on the number of classes. This may result in students not being admitted to their desired classes. Universities may implement changes in admission requirements to reduce enrollment of lesser qualified applicants. Universities may use adjunct instructors instead of full-time faculty; that can also affect the academic performance of students.…

    • 608 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Equilibrium is a state of rest, balance, a position which, if attained it will be maintained. As such, if an equilibrium price is one which, if attained in the market, will be maintained, until some disturbing factor causes a change in demand or supply conditions. If tuition is held below equilibrium price, this would be referred to as price ceiling. If state funding for the universities is held constant, then the conditions that will prevail is the no profit for universities and will only benefit customers who gets to obtain the tuition at lower cost as a result universities…

    • 1009 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

    Students are affected by this increase because they are forced to take out larger loans, work full time or may even have to take fewer classes. They face opportunity costs because they are willing to sacrifice working for school hoping that school will help them more in the end. This increase not only affects the student, but the parents as well, that means that taxpayers are subsidizing a smaller share of the cost of their state universities, while students and their parents are paying an even larger slice. State funding now accounts for about 36% of revenues at public colleges, down from 45% in 1980, while tuition accounts for 19% of state university revenue, up from 13% twenty years ago.…

    • 527 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Because high tuition could prevent non-residential students from attending a certain college, that school will have less students. This means that there will be empty seats in the classroom and empty beds in dorms. When there are empty spaces anywhere at a college, the school is losing a significant volume of revenue for every student that does not attend their classes. Ultimately, this can cause a ripple effect where the school either needs to raise in-state tuition, or rely even more on tax revenue from the state, or else they will lose money, need to lower income of teachers, and reduce the quality of the…

    • 1264 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Out-Of-State Tuition Cost

    • 1346 Words
    • 6 Pages

    A large problem for many college students is the cost of tuition and yearly tuition increases. Many students do not possess the luxury of having parents willing to pay for their tuition. Most aren’t even granted some sort of scholarship or grant to help them out with the cost. A good number are left to find a college they can afford and at the same time work full or part time to pay for it. But the big problem here is the out of state tuition costs. Why should someone who lives in the next state over have to pay almost double what students in that state are paying.…

    • 1346 Words
    • 6 Pages
    Good Essays
  • Satisfactory Essays

    Surviving in today economy can be a great challenge. One of the greatest challenges people have trouble with the most is the pricey cost of college tuition. Many people feel it’s difficult to provide the high range cost of college tuition each semester, and find it impossible to work their way through a good education. So with that said, with the outrages prices of college in today’s economy, it can be difficult or hinder one to afford a college education.…

    • 287 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    (insert intro to quote here) “50% of the money public universities make goes towards instruction, research, and hospital services. Only 7% goes towards academic support and 4% goes towards student services, operations and maintenance” (Jasty, “Where Does All That Money Go?”). According to the graphs Jasty put together, only 24% of the money that is put towards higher education goes towards the students’ benefit such as student services and auxiliary enterprises, which only makes up only 13% of that 24%. Student services and auxiliary enterprises include student activities and organizations, admissions, residence halls, dining services, student health services, athletics, and student counseling. At least 18% of the money that students pay goes towards independent operations and depreciation, in which some students do not have any affiliation with. Students cannot help that colleges lose some assets every year- that is going to happen to any place over time, so why should students have to pay for the depreciation of the college that they choose to attend? Independent operations include “expenses unrelated to the primary missions of the institution (i.e. instruction, research, public service) although they may contribute indirectly to the enhancement of these…

    • 729 Words
    • 3 Pages
    Good Essays
  • Better Essays

    College Costs

    • 2285 Words
    • 10 Pages

    financial in nature. It is with this in mind that I set about this research. The…

    • 2285 Words
    • 10 Pages
    Better Essays
  • Good Essays

    The fact that Nixor has an excellent teaching faculty willing to teach its extensive student body sets it apart from other colleges, as the current prevailing situation is to find incompetent teachers unable to teach students, who are compelled to seek tuitions. This brings me to mention Nixor’s ‘No tuition policy’ which I agree with wholeheartedly, as I myself never took tuitions until my O-levels owing to lack of good teachers. This policy guarantees us that Nixor’s teaching faculty is top of the line, thus we’ll never even have to consider tuitions.…

    • 489 Words
    • 2 Pages
    Good Essays