Michael Granof The Cost Of Education Summary

Statistics clearly show that the cost of education in the United States is on the rise in recent years than any other time in history. Despite the fact that the government is straining to subsidize the tuition cost, the costs of educating children both in elementary and high school as well as at the college level are still rising owing to the increased cost of books in the country. The high cost incurred in the purchase of learning materials especially texts books makes it hard for low-income families to finance their children at the elementary level, high school level as well as college level. However, it is worth noting that education is a sensitive issue to be left in the hands of parents alone. Publishers, especially those publishing curriculum related textbooks have been increasing the prices of their products now and then to cover their losses considering that there is extensive and effective second-book market in the
Granof is an experienced professor as well as an expert on government and non-profit accounting and financial reporting standards. Moreover, Granof is an influential writer and a speaker on government budgets issues, and on this occasion, he wants to express his concern for the increasing cost of curriculum-related books in the country. Granof attempts to give the much-needed solution to the problem of rising costs of texts books in most stores. Besides, he gives a solution that will favor all the stakeholders in the education industry especially the publishers who are increasing the cost of texts books now and then as well as revising old editions after every three years and the parents who incur the cost of purchasing these books. The issue of the rising cost of texts books is very vital in the education center since it can determine the likelihood of a student attending school or not. It is the aim and wish of every parent to educate their children, but with high costs of books, it comes very