The Rising Price of College Tuition
Since 1986, tuition in public and private schools have grown at an astounding rate, reaching nearly 120 percent in public and 80 percent in private colleges. In the 1980’s on average a public 4-year college tuition was $2,100 and a private college was $9,500. Now a public college tuition is $9,410 and private college is $32,410. The price of college tuition has risen so much is last few decades that students must now take out multiple student loans. On average 71 percent of Americans who went to a public college have student loan debt.If the price of tuition were to drop by 20 percent more people would be able to afford to go to college, there would be less student loan debts, and there would be more educated people in the world.
In the early 1980’s state and local government provided 80 percent of public colleges’ revenue with students paying the other 20 percent. But over the last 40 years lawmakers cut higher education funding, so the colleges raised the price to make up for there loss of money. Now students pay for half of their education, soon they maybe pay for all of their post-secondary education.
If tuition were to drop by 20 percent, then more people would be able to attend college. 12 percent of high school students don’t attend college because of financial issues; but tuition isn’t the only problem. The price of textbooks and housing can be too expensive for some people. Alone a textbook or housing may not seem so expensive, but when you add everything together, you will see that college is actually a lot of money.
With college tuition on the rise, students must find a way to pay for it. That is where student loans come in. 1.3 million Americans have student loans that they must pay. If students don’t pay their student loan debt the government can garnish your wages. Student loans don’t only affect your income, but they also affect your way of life. If you pay for the loan, then you may not be able to move forward in your career, or travel the world, because you don’t have the money to do those things. If you didn’t have to pay for student loans you could become a CEO of a big company, or move to Paris, or just buy a new car. You could be happy and not stress about another bill that you would have to pay.
If the price of tuition went down and the college needed money for something, they could hold a benefit concert and pay admission, or have a fundraiser, or just throw a party. There are many ways to get money for a college without raising the cost of going to school. If tuition was lower and more people went to school then we would have a lot more educated people in the world that could be curing cancer, or help starving kids all over the world. If the cost of college tuition went down the world really could become a better place.
sources:
http://www.highereducation.org/reports/affordability_supplement/affordability_1.shtml