Abstract
This paper will provide a brief overview of some of the key areas associated with community college finances. As a public institution, the community college depends upon securing financial revenue from a variety of sources (Kenton, Schuh, Huba, & Shelley, 2004). Those sources include, but are not limited to: state and local appropriations, tuition generation, gifts and grants, auxiliary services, continuing education, and workforce development. Affordable tuition and adequate state funding are essential due to the increasing number of future jobs which will require some form of postsecondary education (Katsinas, D’Amico, & Friedel, 2014). If community colleges are to maintain or exceed their current level of performance and accommodate student access, they need to generate alternative sources of funding (Friedel & Thomas, 2013). Gifts and grants, auxiliary services, continuing education, and workforce development are all excellent examples of alternative sources of funding for community colleges. While this paper will serve to examine quite a few areas associated with community college finances, it is by no means intended to be an exhaustive list. Keywords: community college, finances, higher education, funding, appropriations
Community College Finances
This paper will provide a brief overview of some of the key areas associated with community college finances. As a public institution, the community college depends upon securing financial revenue from a
This paper will first give a brief introduction on community college in the United States—its past and present. Then it will examine four main purposes for students attending a community college today. In the next part, an economic comparison between community college and four-year university will be given with a focus on two specific programs. At last, implication and conclusion will be presented.
Tuition cost plays a vital role in deciding whether to attend a community college or a four year institution. According to Susan Stafford, “Tuition for community colleges is affordable while tuition costs at public institutions are usually at least twice that of a community college” (1). The tuition cost in universities can be overwhelming and highly unaffordable, This have caused many students to graduate with s heavy loads of debt but by attending a community college, an individual can
Students nowadays face many challenges when it comes to obtaining a college education. We evaluate an institution’s quality based on what we need the most. The qualities sought out may vary by each person’s personal point of view. However, as a student, I’ve found that most students seek for an institute that benefits them the most. Attending a community college has been an enormous advantage towards my education. I have been attending San Bernardino Valley College for the last two semesters. I have come to respect their philosophies and values. The institution has now been in business for 87 years. They venture to encourage both students and faculty towards high standards of achievement and progress into exceptional members of the society. They now offer a variety of degrees, transfer programs and certificates for a wide range of students. San Bernardino Valley College has an accomplished staff, student support services and technological tools that pave the road towards the conquest of a quality education.
Kris, a wife and a mother, worries about the increasing cost of higher education. She and her husband have a two year old daughter whom they are determined to send to college. They want their daughter to succeed in life, but they have to weigh the complications of going to college as well. “I have always thought about college as a “catch 22”...You’re taught from a young age that in order to achieve the “American Dream” you must graduate high school and go to college,” Kris contemplates (Kris 5).Throughout Kris’s ten years of experience with college, she has seen the tuition increase to shocking heights. In fact, she claims that community colleges cost as much as state colleges did when she first started her college hunt. Back then, she
There isn't anything more important to community colleges than the certainty that they can and should provide all qualified people who are looking to be accepted with admittance (Vaughan). The people of the community college represent forty-four percent of all undergraduates and forty-nine percent of students attending college for the first time (David). These students include a lot of minority students, students with a low social standing and the non-standard (age twenty-five and older) student who commonly enters college less academically equipped (David). Most community colleges have made immense advancement in reducing a lot of geographical and economic blockades that have in the past limited college admittance (David). Community
Today, Susan Hansen, Admissions Director of East Liberal Arts College, wishes to increase tuition and reduce financial aid available to students (Brickley, Smith and Zimmerman, 2009, p. 110). Moreover, she has expressed that “increasing tuition and reducing the amount of financial aid will solve the schools financial problems” (Brickley, Smith and Zimmerman, 2009, p. 110). This will be done by “increasing an effective tuition from $15,000 to $25,000” (Brickley et al., 2009). She also projects that the tuition increase enrollment from 400 to 600 students (Brickley, Smith and Zimmerman,
In the article “The Good That Community Colleges Do, Part 1”, author Rob Jenkins discusses the benefits and values of Community College. Recent studies have shown that the value of two-year colleges were hard to predict. In fact, one report shows that the value of a two-year degree is less than that of a high school diploma, while another report shows that most students are receiving a financial return on their degree. While Rob Jenkins believes both reports have valid points and arguments, he states that “so many of the things that community colleges do for their students and communities are difficult to measure empirically” (“The Good That Community Colleges Do, Part 1”).
The topic of this paper is the states’ decreasing financial support of higher education, the reaction and response from institutions who have lost funding, and the creative ways public institutions are locating additional streams of revenue. States have been the primary backer of public institutions, but since the recession states have shown less commitment financially while still heavily regulating higher education. As a result some institutions have had to change their practices while others have challenged their state’s regulations all together. Many have speculated that state funding may never return to its former highs. Rather than make an enemy of the state, some schools have discovered new and unconvential ways of raising funds for their institution.
Community college is a great institution for students to start their educational journey. Especially when they do not have the funds or lack some of the prerequisite that a university would require. Community college was created to serve the community, traditional and non-traditional students with the best higher education and lifetime learning opportunities. The faculty and staff members at a community college is there to provide leadership in education while going above and beyond to recognize the needs of the students and the community by providing excellent educational programs and support services that are available to all who have the opportunity to take advantage of them. “Student services now include recruitment and retention, counseling, student activities, student health, financial aid, academic support, career centers, transfer centers, and supplemental services such as transportation, child care, and services tailored for specific populations of students” (Cohen, Brawer, & Krisker, 2014, pg. 209). My philosophy in fulfilling the role and mission of the community college, is to establish the mission, vision, goals and values to guide all students on their journey to strive to become successful both in school and in today’s economy.
Presently, the availability of educational opportunities at the college and university level is a critical state and personal interest given the needs of the state for a well-educated workforce which has never been greater. Too many, the focal point of attending college is receiving a high paying job in the future. Unfortunately, in most states, tuition is on the rise and students who come from low-income families find themselves struggling to fund their education. According to legislatures, “The cost of college in New Jersey, as in the nation, continues to grow faster than the rate of inflation.” (State of New Jersey 1). In the national financial aid policy resources that are typically given to the neediest families are shifting towards
The purpose of this research paper is to explore the altered missions of community colleges and related impacts on the historical mission of community colleges. The mission of community colleges were intended to serve all individuals with an equal opportunity for higher education access. In this research paper, there will be four guided questions:
This article provides an insightful view into the perceived and real status of community colleges in relation to their university counterparts. Once thought of as a place merely for underachievers to attend for workforce training, Trowbridge points out these institutions now have more to offer. They provide an affordable opportunity for students to complete the same courses that are available at the university for a fraction of the cost. Noting the financial savings in comparison to the traditional university, along with the overall quality of instruction, local community colleges have become a viable alternative for those seeking a college education without the incurring unnecessary amounts of debt.
In every nation, education has an important influence on the improvement of its economy and politics. For the United States of American, community college becomes one of the main factors to determine how the country moves forward. Using table 101.20 from Digest of Education Statistics of the National center for Education Statistics, from 2000 to 2014, the increase in college enrollment has been contributed by increases in the traditional college-age population and rising enrollment rates. But increasing costs of tuition and different expenses each year have become huge obstacles for students to focus and maintain their education status and achievements. This issue brings up the controversy about whether community college education should
The cost of attending college has risen drastically over the years. Statistics show that there has been a 260% increase in tuition costs since 1980. The increase in tuition cost equates to an increase in money borrowed to fund higher education. An increase in money borrowed results in an increase in debt accumulated over time. As a result of the rising figures, the economy as a whole has also suffered because of the restricted financial space many graduates find themselves in upon completion of their degree. In this paper, we will discuss college costs, reasons why they have risen, and the best way for students to pay for it.
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.