SMU Cost Benefit Analysis

One of the culprits hindering higher education for Americans is the tuition rates. A report by the Delta Cost Project indicates that if tuition had grown in pace with inflation, the average tuition at in-state public colleges would only have been $2,052 in 2010. The actual price of tuition was around $7,500, and it is increasing at around 5% per year, about twice as fast as the rate of inflation. Whereas everything else in the economy doubles in cost about every 32 years, college costs have been doubling around every 15 years. In a paper published by the National Bureau of Economic Research, titled How the Changing Market Structure of U.S. Higher Education Explains College, the author, Caroline Hoxby, states that universities have little incentive

NDSU’s tuition is around $15,000 per year which includes housing and food. UMC’s tuition is $20,000 per year which also includes housing and food. It is only a $5,000 difference and U of M schools are usually much more expensive, but they also have more scholarships they will give out or accept compared to other colleges.

The dream of going to college may vanish for them, since scholarships that were once need-aid are becoming merit-based scholarships. As well as, financial support from the government only covers a small amount of the tuition. Many families have a financial problem that hinders their students’ future since

Each year, college tuition increases more and more, which makes getting a higher education almost impossible for some people. According to Pay it forward written by Catherine Morris tuitions and fees at public four-year institutions has been increasing an average of 3.4 percent each year between 2005 and 2015.

As upcoming high school seniors, many such as myself, desire scholarships in order to alleviate the financial burden that attending a university can bring. Though this considerable and generous scholarship prize money will be used to further my education at Texas A&M University, my main wish is to bring pride and satisfaction to my family. As a first generation student, I am humbled by the opportunity of obtaining an education in America. Since my parents were migrants from Vietnam and Hong Kong, a successful life here was unheard of many years before. Financial strains do occasionally plague our lives, however, we have not forgotten the strenuous hard work and sacrifice that my parents have conquered in order to put their two daughters through

To better understand, Barrow claims that due to the rapid increase in the cost of tuition has a

The application fee is just a start of $75 along with getting books for each class that can range from $700 - $1,200 depending on if you’re accepted. Meanwhile, tuition and fees add up to over $9,830. The cost of attendance for in-state students is about $26,346. Lastly on campus living can add up to around $11,456 on average plus meals and parking, $4,310.

“College Prices Soar Again!” “Budget Cuts Cause Even Higher Tuition!” “Higher Education Now Even Less Affordable” These are all statements that have been seen all over the media: newspapers, magazines, television, and radio. (3 SV: SV) Rising college tuition in America has been a problem for years. Many students drop out after a single year due to the pricey costs of tuition. The rapid rise can be attributed to many aspects of the economy, not just a single source. There have also been some propositions of how costs could be lowered, but these have yet to be seen. The United States has gone into a tuition crisis.

Since 1974, tuition has been on the rise and has reached new heights. One reason why tuition is increasing is because of “the state governments’ unwillingness or inability to raise per-student financing” (Davidson). The government is spending less on college and moving those funds into other categories, such as the military. Furthermore, colleges are spending less on each student than they did during pre-recession (Fox). Even after the recession, the government is continuously cutting more and more from education funds. As the government cuts more from education funds, tuition cost will steadily increase to compensate the loss. Tuition increased from 1994 to 2015 is depicted in the graph on the next page. Drawing a conclusion from the graph, it is possible that if this trend continues, public colleges will approximately reach the same price as private colleges one day. The amount of financial aid given is unable to meet the needs of lower income students,

According to TED; The Economics Daily, tuition and fees increase 63% since January of 2006. Some people believe that the cost of college tuition is acceptable. However, college tuition cost is too high. They ought to be lowered and made affordable to all. College tuition cost is too high, a high tuition can prevent some students from receiving college education, forces some to take out loans, and ultimately can cause future financial instability.

There have been arguments when discussing the price of attending college. The main argument that we have is whether college tuition is too expensive or not. Over the last few decades the college tuition rates have increased drastically, but is a rate increase necessarily a good or bad thing. I personally believe that the cost to attend college is too expensive especially for low and middle-income families. There are many reasons why tuition could be considered too expensive they include, rise of tuition, little financial aid, and lack of college savings to name a few. The first reason why college tuition is considered too expensive is the continuing rise of tuition itself. Between the years 1973 to 2008 tuition for a four-year increased

With this increase in tuition costs it is making a college education more and more unaffordable and putting students in more debt.

Tuition is what most high graduates worry about for college. It is a topic that is mentioned in the news, presidential debates, and amongst students. Some would argue that college cannot be completely free but that it should be lowered to reasonable price that can make college more affordable and easier access to low income families. Others oppose this standpoint by stating that the decrease in tuition would also decrease the quality of education that many are paying thousands of dollars for. Should tuition cost decrease or remain the same? Tuition effects billions of students in the United States today.

As more and more high school students realize this, the increased demand and need for college is going to go up. According to the Lumina Foundation for Education, colleges are realizing students and families are willing to go into debt as to increase their post-secondary education income (Dickeson). What about the others who cannot afford to go this route? Individual states play a major roll in the cost of higher education. If anyone has been watching the news lately, they most likely have seen states facing budget problems and shortfalls. With this being said, it now means most of the problem has been shifted onto the shoulders of the parents and aspiring students. Justification for these outrageous costs is being demanded not only by parents, but also by state and federal officials. According to the College Board, “In the past five years, the average cost of in-state tuition and fees at public colleges has jumped 35% -- after adjustment for inflation. . . . In the past 25 years, the average cost of tuition and fees has risen faster than personal income, consumer prices and even health insurance” (Block 1). Tuition prices pose a serious problem, especially for families whose income cannot keep up.

Since the beginning of the 20th Century, college education has been available for everyone and anyone who is willing to develop their knowledge regarding a specific professional field. Currently in the United States, the percentage of high school graduates going to college has increased considerably: 68 percent in 2011 compared to 49 percent in 1940 (Menand, 2) and the record high set in 2009 with 70 percent of total high school graduates enrolled in college ("Bureau of Labor Statistics"). Notwithstanding, it has come to the attention of many that the college tuition and fees have been increasing at an accelerated rate. According to The New York Times, college tuition and fees increased 439 percent from 1982 to 2007 (Lewin, 1). This