Senior years, college tuition has increased dramatically

Senior year is joyful, emotional, and full of excitement as one finishes a main chapter of their life. As the students start searching for the right college, some think twice because of the high tuition rates. In the last few years, college tuition has increased dramatically causing students to not pursue a higher education or if they do some end up dropping out. The rise of college tuition will and have impact many students, causing students to take out loans after loans and later on left in debt. This research will be looking further into how the college tuition negatively affects students and families, i.

Including the reasons why the price of college keeps rising and trying to figure out solutions to help reduce the price.Everyone wants to live a luxurious life and many people think going to college will help them in the long run. This is why there are more and more students enrolling  in college to help better their life, but they do not think about the consequnces they will face along the way and the aftermath of graduating from a university.  According to the statistics, there is over $1.48 trillion in student loan debt whichand this is even more than the United States credit card debt!. In 2012, a total of  71 percent of the gradutes had student loan debt.

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The number of students graduating in 2008 with debts had increased from 1.1 million to 1.3 million in 2012. In the article from “Student Loan Hero” it states, that “66 percent of graduates from public colleges had loans (average debt of $25,550), 75 percent of graduates from private nonprofit colleges had loans (average debt of $32,300) and 88 percent of graduates from for-profit colleges had loans (average debt of $39,950).” The cClass of 2016 graduates have an average of $37,172 student loan debt which is up six percent compared to 2015.last year. College tuition has consistently increased much faster than both inflation and income.

It increases yearly from two to four percent above the inflation rate and now college is way more expensive than it was decades agoThe amount of money to go to college is excessively high and a consequence that may come from going to college is dropping out. With all this loan that students struggle to pay off will set them back from future major events such as buying a house, new car and marriage. There had been research done that it takes about 21 years to pay off the debt for a bachelor degree.

“Survey respondents reported an average length of repayment period of 21.1years, but was typically longer for those with advanced degrees,” (OneWisconsinInstitute, 4). The amount of money that students owe creates a burden for them. They have to make sacrifices on how to spend their time and money.

It also affects them because they will want a change in direction of their career because it is just not affordable. For the majority of scholars financial aid is not sufficient enough, therefore students take a part-time job. They are willing to change their major  because finding money for tuition is difficult. By changing their major they can finish college quicker to find a job that will help to pay off their student loans. Even though they do not like their career the salary is good.

College students are impacted both emotionally and mentally. They get overwhelmed from all the stress which leads to a form of mental disorder. One of the leading causes to the rise of college tuition is due to the government The other factors that contribute are administrative and teaching costs, scholarships, sports teams and elaborate new construction projects. How do the government expect a college student to be a full time student with a part time job and on top of that have loads of homework to complete. Not only that but the student also have a social life and needs to be active.

They have to be engaging and participate in the community or around campus. Some students even have sports that they are invovle in. To balance all this is extremely exhausting and will drained out the students. Considering they do need a full eight hours of sleep to be able to function for the next day. There is that American dream everyone wants to achieve in life but the question is will we ever reach there? Due to all the debts that are left for students to pay off, considering that the career choice a student chooses probably does not get a good enough  salary.Mark Kantrowit explains how debt is affordable, “the average starting salary for a bachelor’s degree recipient in the humanities was about $45,000 in 2015, according to the National Association of Colleges and Employers. That compares with about $30,000 in average income for high-school graduates—or a $15,000 difference.

After considering taxes, the net increase is about $9,000. Half of that ($4,500) is about 10% of gross income and would be enough to repay roughly $35,000 in student loans over a 10-year repayment term. This is also consistent with my rule of thumb that total student loan debt at graduation should be less than the borrower’s annual starting salary.” Another way is


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