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The Future of Higher Education

Decent Essays

Higher education is generally referring to any form of education after secondary education. The industry of higher education has been established already for almost several centuries, and in contemporary times, this industry is indeed going to experience modifications on how the industry will function and continue on. The Princeton Review was established in 1981, and their main mission of test-preparation, tutoring services, and higher education admission counseling have remained constant throughout these years (The Princeton Review). But due to the many changing factors in the contemporary society, some changes must be made on the rising tuition costs and on an unprepared workforce, as based on Time Magazine (Meacham). Also, due to the emergence of the Internet, online higher education courses also plays a major role in the future of higher education. One of the major changes that should be implemented into the Princeton Review is to lower the costs that are spent on entering higher education. According to the College Board, statistics have shown that the price of college has risen exponentially from 1973 to 2014, where an average college education in a private school costs around $30,000 USD compared to around $10,000 USD in 1973. Also in a public school, the costs rose to around $8,000 USD in 2014 compared to $2,000 USD in 1973 (College Board). Other than the general costs of higher education, there are also other spending required, especially in areas like college

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