Increasing College Tuition

When it comes to buying a car or a house, big ticket items are carefully thought over before purchasing, yet at one time or another people always end up buying. A car will break down and a house will weather away, but they can always be replaced. A different costly item that people won’t partake in buying, because of price, is college. College is one thing that won’t fade over time but instead will stick around and go farther in life. This will be one of the biggest investments anyone will make in their lifetime. But some argue, is it worth it? College tuition is a sound investment. Is easy to do with the right resources to earn a quality career.
Although college is expensive, the money is well spent, in life there is no way anyone can get
Income in families has risen but so has the tuition of college “According to a report by the National Center for Public Policy and Higher Education, median family income rose 147% between the years 1982 and 2007; meanwhile, college tuition rose 439% during that same time span.” (College Tuition Costs). Increasing college tuition has almost tripled the present of income in the majority of households. It seems as if there is no limit in sight on how high a college can raise their tuition. In the 2008-09 school year an average four-year public college increased tuition by 6.5%, while a four-year private college only increased tuition by 4.4%. The consumer price index overall rise was less than both private and public colleges and universities, with only
Colleges are constantly competing against other colleges and other employers to keep the best of the best faculty possible. With that comes their salaries and the equipment needed to keep the classes satisfactory. For the students increasing safety measures, make more spacious dorms, have better food, and more amenities. There is also a large quantity of money going to students in financial aid and scholarships. Some of the highest costing colleges are the most generous with their money. “Stanford offers free tuition to students whose families make less than $100,000 a year, and offers free room and board to those making less than $60,000.”(College Tuition Costs). Colleges have a limit on how much they can increase their tuition and how fast. The limitations and regulations are different in each state. But one thing will remain the same; there are restrictions. At some colleges they can only increase their tuition depending on how much revenue is needed. Other colleges have restrictions tied to annual change in CPI, median wage, and for some a 6% increase each year is allowed.
All things considered, going to college, is the best path that any high functioning member of society can take. College graduates are more likely to vote, volunteer, and overall take better care of themselves that those without. People that only have high school diplomas are more likely to be unemployed or fall into poverty