Should Nobody State University Raise or
Should Nobody State University Raise or Lower Tuition
Roseanna Lasley
ECO 204 Principles of Microeconomics
Instructor Harvey Criswell
September 27, 2014
Should Nobody State University Raise or Lower Tuition
Assess a raise in tuition and if it will necessarily result in more revenue: There are many issues why assessing the raise in tuition and that is first and foremost the college is spending more money each year. In many instances they have to pay more out to the faculty and staff, building new state of the art facilities whether it is class rooms or sporting arenas, performing more research and these cause spending to rise. Then we see that the colleges and universities have seen a decrease in funding from the state and federal levels due to the economy and in turn colleges are making up for the loss of funding by increasing tuition. The issue here is that the schools are taking out the loss of funding from the state and federal level on the student’s tuition increases.
Describe the conditions under which revenue will (a) rise, (b) fall, or (c) remain the same: We all know that our economy has taken a big hit the past few years and times are getting harder for everyone. Being a college student and having two young adults in college as well I have truly seen how the economy has affected our financial aid over the past eleven years or so. Tuition has become a big issue for community colleges, universities and private colleges all over the country. Revenues all over seem to be taking a hit and we see this in our increases in federal and state taxes it seems every year. With the economic situation as it is it is inevitable that the college tuition will go up just like most everything else has. “When states run short of money, higher education is often targeted because it "has a built-in user fee, and that is tuition." (Frahm, R. A., & Courant, S. W. 2002)
Explain the process of revenue at NSU, focusing on the relationship between the
Roseanna Lasley
ECO 204 Principles of Microeconomics
Instructor Harvey Criswell
September 27, 2014
Should Nobody State University Raise or Lower Tuition
Assess a raise in tuition and if it will necessarily result in more revenue: There are many issues why assessing the raise in tuition and that is first and foremost the college is spending more money each year. In many instances they have to pay more out to the faculty and staff, building new state of the art facilities whether it is class rooms or sporting arenas, performing more research and these cause spending to rise. Then we see that the colleges and universities have seen a decrease in funding from the state and federal levels due to the economy and in turn colleges are making up for the loss of funding by increasing tuition. The issue here is that the schools are taking out the loss of funding from the state and federal level on the student’s tuition increases.
Describe the conditions under which revenue will (a) rise, (b) fall, or (c) remain the same: We all know that our economy has taken a big hit the past few years and times are getting harder for everyone. Being a college student and having two young adults in college as well I have truly seen how the economy has affected our financial aid over the past eleven years or so. Tuition has become a big issue for community colleges, universities and private colleges all over the country. Revenues all over seem to be taking a hit and we see this in our increases in federal and state taxes it seems every year. With the economic situation as it is it is inevitable that the college tuition will go up just like most everything else has. “When states run short of money, higher education is often targeted because it "has a built-in user fee, and that is tuition." (Frahm, R. A., & Courant, S. W. 2002)
Explain the process of revenue at NSU, focusing on the relationship between the
References: Amacher, R., & Pate, J. (2013). Microeconomics principles and policies. Retrieved from https://content.ashford.edu/books/AUECO204.13.1 Frahm, R. A., & Courant, S. W. (2002, Nov 07). UNIVERSITY TUITION, FEES TO SOAR. Hartford Courant Retrieved from http://search.proquest.com/docview/256652797?accountid=32521 Gardner, S. (2005, Feb 14). The HIGH cost of college; the why and what to do about it. The Hispanic Outlook in Higher Education, 15, 15. Retrieved from http://search.proquest.com/docview/219305774?accountid=32521