High Cost Of Higher Education - 1195 Words

Many students will soon drop out of college due to the constantly rising cost of higher education. Research shows that both the two-year and four-year education system in the U.S. has experienced a significant increase in college tuition over the last three decades. If this trend is allowed to go on unchallenged, the likelihood of most students being unable to meet the high cost will be very high in the coming years as there are already notable signs of this happening. According to education expert Philips Elliot from the Christian Science Monitor (2013), the tuition cost for students attending the public two-year schools went up by 6% in 2012. This pushed the total cost of attending this program to nearly $10,000 per year. This rise is estimated to have been 24% over the overall inflation rate. The same case was replicated in the four-year category where the cost of tuition went up by 9%, bringing the total cost for this program to nearly $27,000 per year. The same costs were witnes sed in the private learning institutions where the cost of attending college went up by an average of 14%. This brought the total cost to $42,000. The costs were even higher for students who chose to attend college outside their home states. The official records show that students in this category paid more than $31,000 to complete a four-year program signifying an 11% increase (Elliot, 2013). Stakeholders from the education sector have given various reasons to justify this increase.Show MoreRelatedCost Of Higher Learning At College1491 Words   |  6 PagesCost of Higher Learning In order to have a better life and a better job today, a high school degree is usually not enough. Many people dream about having a college degree, but the costs of education being too high, could turn those dreams into a nightmare. It is no secret that a college education is expensive, and in the past few years, it has hit an all-time high with no signs of slowing down. 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