Saturday, May 23, 2020

What Are The Effects Of High College Tuition Costs On The

What are the effects of high college tuition costs on the economy? The fundamental aim of obtaining a higher education in this country has been to prepare and educate young Americans to accept and consider productive and proactive roles in the workforce, to strengthen our communities and nation as a whole, to contribute to our domestic and international economic competitiveness and to enrich our lives to the very fullest. As part of the perception of the American dream of â€Å"opportunity for all,† higher education also plays an important role in the effort to dispose of, or at the very least to narrow, the gaps in the opportunity to obtain a higher education between the many people who are born into lower socioeconomic circumstances at†¦show more content†¦To put this in a more clear perspective, according to an article published by Forbes Magazine, â€Å"the overall consumer price index has risen 115% while the college education inflation rate has risen nearly 500%, if the cost of college tuition was $10,000 in 1986, it would now cost the same student over $21,500 if education had increased as much as the average inflation rate but instead education is $59,800 or over 2  ½ times the inflation rate† (Odland). The problem here are the many underlying costs which there is seemingly little to nothing being developed and utilized to control those costs resulting in negative affects on the American economy. The most problematic issue pertaining to the high costs of college tuition in America is that fewer students from low-income families are going to college. Unaffordable college tuition costs is proving to be driving away thousands of low income students from the opportunity to attend college. Even with an extensive range of student aid programs from the government and various private sources, students from low-income families are consistently finding themselves in a situation where they simply do not have the financial means to attend college. To put things in perspective, according to a report submitted to Congress by the Advisory Committee on Student Financial Assistance states, â€Å"Enrollment at four year colleges for low-income students decreased 14% between 1992 and 2004, as theShow MoreRelatedIs College Still A Good Investment?958 Words   |  4 PagesIn Does College Still Pay, Lisa Barrow explores that even though the college tuition costs are increasing rapidly, is colleg e still a good investment. Barrow states that college still worth wild and there is no evidence of a downward trend to students attending college due to increasing college tuition. 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