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College Tuition and Fees

Students today pay one-fourth of the cost of their education. Nevertheless, some people asset that children should pay a larger share of the cost. In this essay I am going to present my opinion concerning this issue. From my point of view when people are struggling to make ends meet, it is a mockery that they face rapidly increasing costs to participate in education. So, the thesis of present paper is: “Students should not pay more for less, or more for the same, education is a right and not a privilege.”

Children planning for college now look forward to many questions – and not only those issues that they might meet on their tests. Students and their parents have to estimate how much higher education will cost, and how to pay for the tuition. Nobody wishes to pay more for the education they would have few years earlier.

Unluckily, this is inescapability. And there are many disadvantages to the depressing news about the rising tuition. Some people assert that if a student is paying a lot of money for higher education, he or she will not take it for granted. Moreover, children who do not wish to work hard are likely to select a cheaper college. This situation evolves an atmosphere where students are working hard, resulting in more prestigious college in the finale. But, on the other hand, sticker shock children and their parents experience may discourage them from planning for college in the first place.

What is usually forgotten is that the majority of students do not actually pay the listed price. Many students, thanks to different sorts of scholarships, do not pay the total sum. But thousands of children are paying more as they do not obtain financial help. They pay the full advertised sticker price of schools (Clark, 2007). If a student is not so lucky to receive a scholarship, he or she becomes one of those students who assist in paying for what others obtain. This particularly concerns private colleges, which get no aid from the government. As the college costs climb up, more students need a scholarship. As more scholarships are provided, it continues to increase the fare of education for other children. This situation forces more students needing aid to meet the increasing fares, and so on. That is why the prices have to stop rising, as less people already are capable to pay the whole amount.

One of fundamental economic beliefs is that the demand increases the prices. Unluckily for parents, this is particularly true with colleges. The fact that more children are trying to obtain a college degree lets colleges be insistent in the way they price the tuition. Colleges do not actually worry about scaring off students, as there are many others prepared to pay the full amount (Ehrenberg, 2002). The increasing costs of higher education may possibly lead parents to wonder if an investment in private college makes sense. It is particularly true when the yearly fare may easily go above the annual salary a graduate obtains during his first several years of work. For parents who have some years before their kids reach college age, the issue can make the dream of higher education sound like a nightmare. And for those within a couple of years of college, the alteration in estimated costs may bring major sticker shock.

Conclusion

College fees are rising faster than many other spheres of living. For students within a couple of years of starting school, this means the last year of tuition may cost up to 25% more than the first one. And for students that have several years until college starts, it means that savings plan needs to account for this enormous rise in cost. Education is a right and not a privilege. Thus it should not be commercialized. Tuition rates are constantly increasing. And more and more students drop out of college as they cannot afford to pay all the cost of education. Though the total number of people obtaining higher education has enlarged during the recent years, the opportunity of studying in a private college is still far lower if a person comes from a poor background.

There are many grounds why the education structure is not providing everyone with a fair opportunity to obtain higher education, but among the obstacles is finance: individuals from low socio-economic groups find it harder to access the required money, not merely for fees, but other costs like living expenses. Another obstacle is perceptual – fundamentally, human beings from low socio-economic groups say something like “higher education is not for people like me.”

Theoretically, people with low incomes should not be discouraged by having to take loans, as they won’t have to pay money back until they begin earning more than a certain sum a year. But the perceptual obstacle remains. If a person is already debt-averse and thinks whether college is “for people like me”, why would he or she wish to take a loan for education? There is a grace period after a student graduates, he or she will have to pay back the student loans. However, higher fare presupposes that if a student does not pay anything while he or she is in school, the principal on loans will be larger. This enlarges the interest a student pays and increases the period of time he or she is trying to pay off the loans.

 

Works Cited

1. Ehrenberg, Ronald. “Tuition Rising: Why College Costs So Much, With a new preface.” Harvard University Press. 30 October 2002. Web. 8 February 2012.
2. Clark, Kim. “College Tuition Prices Continue to Rise.“ Usnews.com. 23 October 2007. Web. 8 February 2012.