Tuesday, May 12, 2020

The Problem Of Higher Tuition - 855 Words

During the last few decades, a recent trend has been occurring: students are increasingly acquiring more student debt. According to the College Board and U.S. Census data, over the last few decades, the cost of a 4-year college degree has risen by 250 percent (Washington and Salmon 38). According to the same data, the average family income has only risen 16 percent during that time period (Washington and Salmon 38). This information proves that there is a serious problem going on, as there is clearly a shortage of income needed to pay for college. Therefore, students are having to take out larger educational loans. As a result, there has now been an intensive obligation to find out the factors contributing to this trend. Higher tuition is an obvious cause, but in order to understand the issue at hand, the unnoticeable causes need to be addressed. Students are obtaining large amounts of student debt because of a higher influx of qualified applicants, expectations of an ideal campus, a nd students being uneducated about the loans they are taking. One cause of the increase in student borrowing is an increased amount of applicants. There has been a growth of students extending their education to postsecondary schooling, which means a higher output of college applications. Unfortunately, institutions can not properly adjust to this change and accept students at the same rate. In fact, in 2013 the U.S. Census Bureau reported that during the prior fall semester nationwide,Show MoreRelatedThe Cost of Tuition Among Colleges and Universities in Highly Diversified and Indefinite926 Words   |  4 PagesThe cost of tuition among colleges and universities is highly diversified and indefinite. 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