Essay on College Costs - 2291 Words

College Costs Introduction Its no secret that financing a college education is getting tougher. College costs have skyrocketed over the past decade or so, and theres no relief in sight. Average tuition at four-year colleges will increase 7 percent this school year, double the rate of inflation. Student aid is not increasing fast enough to plug the growing gap between tuition and family finances. In addition, there is a growing number of older students entering college today. These students have families that they need to support. I know, because I am a family man who has returned to school. I wish to finish my degree at the Rochester Institute of Technology. The only problems I face are financial in nature. It is with this in mind†¦show more content†¦These costs are partially or fully covered by an employer. In the event they are not let us include them in the poverty scenario, which basically means the family must pay the costs. The total amount of funds needed are $17700 the first year. If you increase that number by 4.8% each year thereafter you can come up with the projected amount for each school year.The $17700 figure remains the obstacle to overcome. This cost has to be covered by Financial Aid. If this cost cannot be covered by the available system, the student will not be able to pursue a standard four year degree at RIT. Familys Will Strain Its going to be tougher to pay for college in 1996, and thats going to widen the gap in enrollment between rich and poor students that the nation has struggled three decades to close. Average tuition at four-year colleges will increase 6 percent this school year, double the rate of inflation. But family income isnt keeping pace; after adjusting for inflation, the average family has gained hardly any ground in the 1990s, says the Department of Labor. As a result, says the Department of Education,sending a student to a private college in 1996 without any grants or loans will require more than a third of a typical familys income and nearly two thirds of the income of a working-poor family. The Government Student aid is not increasing fast enough to plug the growing gap between tuition and family finances. The federal government supplies 75Show MoreRelatedCost of College1120 Words   |  5 Pageswonderful thing called college. They told you that you have to go there to get an education before you can get a good job. Many kids have dreamed of going to college, and being able to get the job of their dreams. By putting in hard work and dedication to good grades in high school, you had high hopes that you would be able to get into an Ivy League school. The American dream of being able to go to college to get a degree is sliding away from many people due to rising costs. With increasing tuitionRead MoreThe Cost Of College Education1362 Words   |  6 Pageswhat if I told you that a post secondary education can be of no cost to you or your parents, meaning no high interest rates, or additional fees to pay back. All you need is the desire to better your circumstances. No loan application s and debt required! Well, I wish that had been offered this proposition before graduating high school, and not worry about whether or not my parents could afford to send me to a traditional 4-year college. We are all currently sitting in this classroom to satisfy oneRead MoreThe Cost Of College For College1473 Words   |  6 PagesPricing of College Every 7 7 in 10, 226 million college graduates has student loan debt; thats over 1.3 trillion dollars. This paper will give a rough estimate of what someone may need in college and how much it will cost to get them. There will also be averages of college tuition and credit hour costs. College is an important aspect of life now that a degree is needed to get most jobs. There are many ways to decrease the prices of college and there are multiple ways to pay for college but college willRead MoreThe rising costs of college1169 Words   |  5 PagesYoshimasa Hirano Thomas Jordan Basic Composition 2/7/2014 The rising costs of college In the US, higher education is really important to succeed in the future. â€Å"In 2003, the typical full-time year-round worker in the United States with a four-year college degree earned $49,900, 62 percent more than the $30,800 earned by the typical full-time year-round worker with only a high school diploma† (U.S. Census Bureau). That means if you have a bachelor’s degree, you would get a better job and salaryRead MoreThe Cost Of A College Education1265 Words   |  6 PagesIt is obvious to anyone who looks that the cost of a college education is rising at an alarming rate. 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There are a number of grants available; someRead MoreThe Cost Of College Tuition1541 Words   |  7 PagesThe cost of college tuition is increasing exponentially ever year. Students have to pay for a number of things besides the tuition for inference books, dorms, fees, tutor, etc on top of their everyday living expenses. At this rate college tuition will be far beyond the reach for the average person. The inflation raises numerous of questions. If the recession is not getting better why do schools continue to increase tuition? What can be done so that the college tuition won’t be so far out of reachRead MoreThe Cost Of College Tuition925 Words   |  4 PagesCost of College Tuition College tuition is very expensive and many people are unable to attend due to the overall cost of tuition, books, room and board. The high price of a college education is unfair to the bright students who have limited resources. These students are at a disadvantage because of lack of funds. The United States should find a way to provide free tuition to all students who want an education. In our lives today, not everyone can financially afford to attend a four year universityRead MoreThe High Cost Of College1470 Words   |  6 Pagesfirst year of college. There is also an unspoken pressure that comes with the accomplishment. One cannot forget the financial troubles that a person is going to put themselves in the hopes of being able to attain a steady career. There are many challenges placed upon college students; college alone in its self is a challenge. Also, a family who is not well endowed does not have the luxury to be able to afford the high cost of college. The majority of the time, first generation college students comeRead MoreIs College Worth The Cost?2147 Words   |  9 PagesIs College Worth The Cost? College is a dream that almost every American wants to come true, however, with the extreme rise in the costs of tuition it is a dream that has quickly turned into a nightmare. â€Å"Tuition at a private university is now roughly three times as expensive as it was in 1974, costing an average of $31,000 a year; public tuition, at $9,000, has risen nearly four times,† (Davidson). â€Å"For the average American household that doesn t receive a lot of financial aid, higher education