University Tuition Costs are Too High Essay - 1239 Words

The cost of tuition for higher education is quickly rising. Over half of college freshmen show some concern with how to pay for college. This is the highest this number has been since 1971 (Marill and O’Leary 64-66, 93). The amount of college graduate debt has been rapidly increasing also. With limited jobs available because of the high unemployment rate, college graduates find themselves staying in debt even longer. Although grants and financial aid are available to students, students still struggle to pay for their college tuition. Higher education costs are prohibitively expensive because the state’s revenue is low, the unemployment rate is high, and graduates cannot pay off their student loans. One reason that higher education†¦show more content†¦Now most receive less than 50 percent† (Hulsey 24). Some schools, such as the University of Michigan, receive less than seven percent (Hulsey 24). These numbers hit some schools extremely hard. Acc ording to Hulsey in his article about the cost of education: State contributions to the 2009-10 operating budget declined by $189 million at UCLA, $109 million at University of Florida, $99 million at University of Washington, and $63 million at Louisiana State University (LSU), according to a Nov.1, 2009, New York Times article by Paul Fain. The percentage decline was equally significant, ranging from 33 percent at UCLA to 27 percent at LSU. (24) As a result of this, states receive pressure to make up for this and must raise tuition. Grant donors are also becoming less generous in their contributions to students as well. This makes affording college even harder for students. Not only do the states’ low revenues cause affordability problems, but high unemployment rates contribute as well. As of December 2009, the nation’s unemployment rate was at ten percent (Boskin 22-27). The unemployment rate for people ages twenty to twenty-four is fifteen percent (Dickler). These numbers are still significantly high. This makes finding jobs extremely difficult for college students. Since the nation’s overall unemployment rate is high, students find themselves competing with everyone for jobs. This becomes very difficult for them. Without jobs,Show MoreRelatedIs College Tuition Too High?1056 Words   |  5 PagesIs College Tuition To High? Jeffery J. Selingo stated in The Washington Post, â€Å"How long can we go with tuition until it is to much?† This statement is what many people think, who are struggling to pay off there tuition. The cost of tuition is extremely too high. Earlier in the 1900’s the cost of tuition was merely 200 dollars a year, but now tuition can be from 15,00 to 50,00 dollars a year. (UNIVERSITY HISTORY. Educational Costs (1900-1909), University of Pennsylvania University Archives. 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