Cost Of Education

Words: 1097
Pages: 5
Open Document
The Cost Of Higher Education In today’s world it is nearly a necessity to go onto college to get a good paying job to support a family. With the average cost of college rising yearly it is becoming more difficult for a middle to lower class family to support one or more of their children going onto a higher level of education. Education, the exact definition according to the dictionary states that it is the process of receiving or giving systematic instruction, especially at a school or university. In the definition it states clearly to be especially at a school or university. Even though everyone gets a high school education, there should be more people getting education and degrees for colleges and universities. It has been an essential …show more content…
It is the facilitator of the American Dream. People can grow up poor, in an urban or rural setting, but can hope to pull themselves up out of poverty with education. Unlike many other areas of the world, America mostly is a meritocracy facilitated by education. As a society we have recognized this and require elementary and high school education to be provided “free” (paid by tax dollars) to all young people and most states require attendance to age eighteen. Still, 15% of the U.S. population does not have a high school diploma. College, on the other hand, is voluntary and requires payment by the individual. Unfortunately, only 17% of the U.S. population has earned an undergraduate …show more content…
However the average income for americans has not risen at anywhere near the rate of the average college tuition. The inflation rates of college since 1985, college education inflation rate has risen nearly 500%, while the overall consumer price index has risen 115%.
Even though bachelor's degree holders enter the workforce at a later age and forgo “opportunity costs,” -- or money they could have made during those years instead of being in school -- over the course of their lifetimes, they made an average of over $1 million more than someone with just a high school degree, and those with associate degrees made $325,000 more than those with high school diplomas.
College degrees are also stepping stones for postgraduate degrees, which offer even bigger payoffs, Abel and Deitz wrote. One other unquantifiable benefit, they wrote, is that college instills in students “aptitudes, skills and other characteristics that make them different from those who do not go on to college.”

In other words, far from being caused by funding cuts, the astonishing rise in college tuition correlates closely with a huge increase in public subsidies for higher education. If over the past three decades car prices had gone up as fast as tuition, the average new car would cost more than
Show More

Related Documents: Cost Of Education

The Cost Of Education Rhetorical Analysis

aspire to work in certain fields, for many, its cost is not worth it because of severe debt and no guarantee of higher pay. While the number of people opposing going to college is on the rise, its value is still engraved in our society. Many jobs in the workforce require or prefer people to have at least a bachelor's degree. The College Board says that nearly all jobs with good benefits and pay require individuals to have a higher level of education. College debt, which is an issue many people in…

Words 894 - Pages 4

College Education Cost Analysis

expensive education costs. As expenditure of universities and colleges are getting more and more, it ends up with the rise in the payments of students. Len Penzo states that, over the past 30 years, cost of college has risen at least 11 times. To explain, how dramatic this change is, we can show that, if the price of other products rose as quickly as college costs have, today we’d be paying $13 per gallon for gasoline — and $22 for a gallon of milk. (Len P.) Additionally, although this cost is very…

Words 181 - Pages 1

Essay On Cost Of College Education

college education is no longer an option or privilege, but rather a necessity. We grow up getting told by parents and teachers that college is the right path in life. There is a saying that says "if you think education is expensive, try ignorance." (Unknown) You are comparing the expense of education to the expense of not having an education (ignorance), and thus implying that what you lose by not having an education is far more significant than what you have to pay to get the education. A college…

Words 696 - Pages 3

Too High: The Cost Of Higher Education

The following essay explains how one of the most stressful times in life is pay for higher education when the cost is so high. First, it will explain how the average student usually does not qualify for scholarships; therefore, they have to either acquire grants or loans in order to further their education. Secondly, it will explain how most students that have had to apply for loans will start out life with debt that they cannot afford. Some colleges have grants called need-based or non-need based…

Words 652 - Pages 3

Higher Education: Is It Worth the Cost Essay

Higher Education: Is It worth the Cost Margit Brackin Athens State University Abstract Studies show that students who get a college education attain a larger range of benefits, including higher wages. Likewise society derives benefits from the citizens who have access to college education. There is the societal benefit of more taxes being paid in to the government. Also a benefit to society is the fact that there are fewer persons incarcerated that have a college degree. The unequal rates…

Words 2711 - Pages 11

The Costs Of Inequality: Education Is The Key To It All

We often hear about kids who loved to read and did well in school allowing them to achieve great things in life that they never would have done otherwise. The US News article, The Costs of Inequality: Education Is the Key to It All speaks to education as a great equalizer. However, language is the foundation needed for academic success and without strong language skills academic success is difficult. It’s not just in the early years that language development is critical but throughout a child’s…

Words 458 - Pages 2

Is Higher Education Worth the Cost? Essay

Angela Blue Miss. Gary EN101 C 11/18/12 Final research “Is Higher Education worth the Cost?” Americans today tend to believe that college education is not an option but more so a necessity. “Why are so many parents trying to encourage their kids to attend college”? Is it because they are trying to control their lives? Or maybe it’s because they are just awful parents? I say that it’s completely the opposite of that. Parents just want…

Words 1078 - Pages 5

Explain Why College Is Worth The Cost Of Education Essay

There have been many inspirational stories of millionaires who were college dropouts, which raises the question if college is really worth the cost. College is worth its cost because it allows students to learn new skills to help prepare them for a job, and the returns after college exceed the initial investment. Firstly, colleges are worth the cost as they give students the opportunity to learn a wide variety of skill sets that could be applicable to many jobs. Students have the freedom to follow…

Words 915 - Pages 4

How Does Consumerism Influence The Cost Of Higher Education

Cost of higher education have been impossible to be able to gain control over because of all the “advancements” schools include in tuition. Since students are the consumers, they expect, “nothing but the best for the money they spend.” Unfortunately those who do not have enough money to afford the best education possible, are left out of the opportunity. In “The Effects of Consumerism on Access to Higher Education,” greatly talks about all the things that have influenced the prices of tuition in…

Words 169 - Pages 1

University and Tuition Essay

102 18 July, 2015 Rising Cost of A College Education The cost of a college education has caused many discussions and arguments in the last few years. All the attention that has been put on this issue and concern has helped individuals understand why the cost of education has increased so dramatically in a short time. From 2001 to 2012, the tuition and fees at colleges and universities, has increased 5.6 percent above what the inflation rate is. A college education was not at the top of everyone’s…

Words 1674 - Pages 7