SlideShare a Scribd company logo
Fall 2015 Zealousness Magazine | 25
for four-year public institutions has
risen by more than 60 percent in six
states, more than 40 percent in 10
states, and more than 20 percent in
29 states. In Arizona, where tuition
has been raised the most, tuition
has jumped more than 80 percent –
$4,493 per student, after inflation
– since 2008. For the 2013-2014
school year, the average published
tuition and fees for undergraduates
at public four-year colleges were
$8,893, up 2.9 percent from the
prior year; for private non-profit
four-year colleges, the average
published tuition and fees were
$30,094, up 3.8 percent from
the 2012-2013 school year; and
for public two-year colleges, the
average published tuition and fees
were $3,264, up 3.5 percent from
the 2012-2013 school year.[1]
Over the last decade, the increases
in published tuition and fees were
even greater—at four-year public
colleges, the average published
tuition and fees in inflation adjusted
dollars increased 51 percent; at
private non-profit four-year colleges
An increasing Cost of Higher
Education Limiting the Yearn
for Knowledge
Are there any solutions?
A week ago I was interacting with
one of my friends and we discussed
our childrens’ futures in education.
Presently her child is in sixth grade,
and she is relaxed about the stress
and affordability of education.
However, she is alarmed by the fact:
“How long will I be going to enjoy
the same situation (calmness)?” One
day or the other, one has to accept
the lingering fact of the rising cost
of higher education and its adverse
influence on us and on our kids.
The issue of skyrocketing cost of
education leaves me perplexed and
forces me to think about the reasons
behind it. Will there be an end to
this constant overpowering distress?
Reasons for an astronomical
increase in an education expense
The first question which comes to
mind for students and parents opting
for college education: “how much is
this going to cost?” In this section I
will acquaint you with the reasons
why we are facing such a dreadful
situation.
Since 2008, the rises in tuition have
been steep. The average tuition
The average tuition for four-year public institutions has risen
by more than 60 percent in six states, more than 40 percent in
10 states, and more than 20 percent in 29 states.
By Nupur Srivastava
26 | Zealousness Magazine Fall 2015
the average published tuition and
fees increased 25 percent; and
at public two-year colleges, the
average published tuition and fees
rose 35 percent [2].
The figure shown on p. 25 is proof
that the college tuition and fees have
startlingly increased as compared
to house prices, as well as average
hourly wages for the average
American family.
The following are the main reasons
for an alarmed increase in cost of
higher education:
1. The rise in demand for
higher education: As I mentioned
in my earlier article --(http://www.
woweducationrewards.org/a-news-
to-rejoice-unemployment-nightmare-
of-the-graduates-coming-to-an-
end/) -- there is a growing gap
in the wage and unemployment
differentials by educational
attainment. People believe, and it’s
true that, a student with a college
degree earns more and has higher
employment rate than those with a
lower level or no degree. Demand
for a degree is also causing the price
of higher education to skyrocket.
According to the National Center
for Education Statistics, enrollment
increased 11% between 1990 and
2000. Between 2000 and 2010,
enrollment rose 37%.
2. Technological advances in
education industry: Technological
advances affect higher education
in many ways [3]. Just as a hospital
needs to keep buying the latest
medical equipment to increase
its quality of care for patients,
universities must continually
purchase the latest technology to
increase the quality of education.
Any university that decides to
teach the same curriculum it did in
the 1950s would appeal to a very
small market niche. The service we
provide today in higher education
has undergone a profound evolution
and is in many ways a very different
service than the one we experienced
a generation or more ago in college
classrooms. In higher education
the chalk, paper, pen, and test-
tube world has been replaced by
wired buildings, laptops, high-tech
classrooms, and pulsed laser systems
in labs, together with the specialists
needed to make the systems work
(http://wmpeople.wm.edu/asset/
index/dhfeld/avoidingtunnelvision).
3. Best faculty appointments:
With the rising demand of college
education and increasing enrollment
of students, a college has to hire more
top-notch faculty; this translates into
rising personnel costs for salaries
and benefits. Improvement in utilities
and providing the best student
services The cost and maintenance
of utilities such as heat, electricity,
water and sewer systems keep on
rising. In order to keep pace with the
students’ demand in services, dining
options, health and fitness centers,
etc.— colleges offer these services
to stay competitive, which in turn
adds to the cost.
4. Ailing economy: The recent
downturn in the economy has
created significant problems for
colleges—reductions in state and
federal funding, and fewer private
donations. Colleges try to make up
for these losses through tuition hikes.
5. Student financial aid has
fueled the demand for higher
education. Scholarships offered by
some colleges can also hike up the
price. For example, merit-based
awards are sometimes funded by
tuition increases. That means when a
student pays his or her tuition, they
could be subsidizing the scholarships.
Are there any sustainable
solutions for minimizing the
aforementioned crisis?
The rising cost of education mostly
affects lower-income students who
ordinarily would not be able to
afford college. According to Kevin
Carey, the Director of Education
Policy at the New America
Foundation, major spending at
universities includes infrastructure,
administration, scholarships and
sports teams -- but investing in
Fig 2. Source: “Galloping inflation in American college fees”, The Economist, Sept. 2, 2010. http://www.econo-
mist.com/node/16960438
Fall 2015 Zealousness Magazine | 27
classrooms and professors, which
could actually impact student
learning, isn’t on this list. College is
meant to be a great experience and
should not be something students will
later come to regret after incurring
high levels of student loan debt.
The Delta Cost Project at American
Institutes for Research (AIR) makes a
unique contribution to the dialogue
by focusing on how colleges spend
their money. The Delta Cost Project
provides policymakers, higher
education administrators, and the
general public with analyses and
resources to deepen understanding
of what colleges do with their money.
The following lists are a few solutions
to overcome the crisis:
1. Dual enrollment programs:
there exists a variety of options
that can help lessen the financial
burden of a college degree.
Through programs such as Advanced
Placement (AP) course work, College
Level Examination Program (CLEP),
and early college, high school
students can begin to accumulate
college credit while still in high school.
Students who elect to participate
in such programs spend less time
taking basic courses in college and
consequently, are able to graduate
quicker and at a lower cost.
2. Online Education: Another
solution could be online education.
Many universities, including Arizona
State University, already offer
courses and even entire degrees
online at a fraction of the cost
of traditional degrees. Many
companies also offer courses for
free called “massive open online
courses” (MOOCs). In most cases,
students learn just as much, if not
more, from online instruction without
having to take out a single student
loan. (http://www.ncpa.org/sub/
dpd/index.php?Article_ID=23616)
One of the main benefits of using
online courses is learning the ability
to manage one’s time without faculty
oversight, a crucial skill for students
leaving high school and entering
higher education. Online courses also
allow for a more flexible schedule.
On top of this flexibility is the option
to take advanced and specialized
classes that are often unavailable
at many high schools. Lastly, online
courses may enable students to
discover subjects of interest (or
disinterest) prior to arriving on
campus, helping them avoid the
delays that often accompany
changing majors.
3. Offering three year bachelor’s
degree: the costs are reduced
benefitting students saving a fourth
year of tuition and room and board,
as well as starting a career or
graduate school a year early [4].
4.	 Housing options: Students
should start living in a dorm rather
than shifting to an independent
home. The rent one has to pay would
be more in independent rooms and
also the utilities bills would add more
burden.
5.	 Renting textbooks instead
of purchasing new ones
6. Earning money while in
school: One should try for part–
time jobs while studying (work-study
employment), or consider becoming
a Resident Advisor (RA). Most schools
pay their RAs and contribute to their
room and board. Too stressful to work
and go to classes at the same time?
Students can work during summers
vacations and use the money earned
for tuition, books, or other expenses.
Also try looking into cooperative
education programs, which allows
alternating between working full
time and studying full time. This type
of employment program is not based
on financial need, and one can earn
as much as $7,000 per year.
7. Exploring all the financial aid
options: Apply for scholarships and
contact the financial aid departments
in your college. One should also
apply for merit based scholarships;
In order to receive these, students
should excel in their studies and/or
extracurricular activities.
More details can be found at [5]
Concluding Remarks
Do you think will there be an end of
angst from not going to college just
because of an abrupt rise in cost of
higher education?
Will the talented individuals/
students yearning for knowledge
have to live in such a desperate
situation for eternity?
Email us your thoughts:
zealousness@ineducationonline.org
References
1. College Board, Trends in College
Pricing (2012) http://trends.collegeboard.
org/college_pricing. (The College Board’s
Trends in College Pricing does not have a
comparable data set of tuition data for for-
profit institutions)
2. College Board, Trends in College
Pricing (2012) http://trends.collegeboard.
org/college_pricing.
3. Archibald and Feldman (2011) Why
Does College Cost So Much? ISBN:
9780199744503
4. The Buzz and Spin on 3 Year Degrees.
5 . ( h t t p : / / w w w .
centerforcollegeaffordability.org/
uploads/25Ways_to_Reduce_the_Cost_
of_College.pdf)
28 | Zealousness Magazine Fall 2015
Do YOU want to be a part of an ongoing
discussion?
Complete the survey and send on your comments at info@ineducationonlline.org
Your Full Name: ____________________________________
Your Occupation: ____________________________________
Your Employer/Institution name: ____________________________________
Did any time you feel that your choice of school/elective got affected with rising cost
of education?
[A] Yes [B] No
According to you what percentage decrease in the school fees will make it more
affordable?
[A] 10% [B] 20% [C] 30% [D] >30%
How many part-time jobs you have/had to take while enrolled in college?
[A] 1 [B] 2 [C] >2
Do you think the online courses or Massive Open Online Courses (MOCC) one of the
solution for reducing the cost of higher education?
[A] Yes [B] No
Even after struggling so hard during your college days, was obtaining a graduate
degree enough for landing your dream job?
[A] Yes [B] No
Which options from below would be more suitable (in terms of reducing the cost of
education)?
[A] A four year college degree
[B] A three year college degree
[C] Enrolled in college programs while studying in high school

More Related Content

What's hot

all chicago final 6
all chicago final 6all chicago final 6
all chicago final 6Lara Brooks
 
UNIVERSITY OF WINDSOR agreement
UNIVERSITY OF WINDSOR agreementUNIVERSITY OF WINDSOR agreement
UNIVERSITY OF WINDSOR agreement
iamprosperous
 
Verona prof dev presentation singleton elad 540
Verona prof dev presentation singleton elad 540Verona prof dev presentation singleton elad 540
Verona prof dev presentation singleton elad 540Tracey Singleton
 
Impact of Covid-19 on Education Across the World
Impact of Covid-19 on Education Across the WorldImpact of Covid-19 on Education Across the World
Impact of Covid-19 on Education Across the World
Dr. Amarjeet Singh
 
College of 2020: The Future Graduate School
College of 2020: The Future Graduate SchoolCollege of 2020: The Future Graduate School
College of 2020: The Future Graduate SchoolCollege of 2020
 
Flexible option: a direct assessment competency-based education model
Flexible option: a direct assessment competency-based education modelFlexible option: a direct assessment competency-based education model
Flexible option: a direct assessment competency-based education model
Jim Nottingham
 
Education in the Age of COVID-19
Education in the Age of COVID-19Education in the Age of COVID-19
Education in the Age of COVID-19
AlbertMao4
 
Key Elements of Student Success in Utah Higher Education
Key Elements of Student Success in Utah Higher EducationKey Elements of Student Success in Utah Higher Education
Key Elements of Student Success in Utah Higher Education
HigherEdUtah
 
Hunt Institute
Hunt InstituteHunt Institute
Hunt Institute
Mebane Rash
 
Board of Regents Strategic Goals 07-30-2015
Board of Regents Strategic Goals 07-30-2015Board of Regents Strategic Goals 07-30-2015
Board of Regents Strategic Goals 07-30-2015
HigherEdUtah
 
George Dehne, Vision 20:20
George Dehne, Vision 20:20George Dehne, Vision 20:20
George Dehne, Vision 20:20
Wagner College
 
THE EFFECTS OF CORONAVIRUS ON EDUCATION
THE EFFECTS OF CORONAVIRUS ON EDUCATIONTHE EFFECTS OF CORONAVIRUS ON EDUCATION
THE EFFECTS OF CORONAVIRUS ON EDUCATION
ShaynaBlum
 
Moving to Anywhere, Anytime Learning - Institutional Strategies for Meeting t...
Moving to Anywhere, Anytime Learning - Institutional Strategies for Meeting t...Moving to Anywhere, Anytime Learning - Institutional Strategies for Meeting t...
Moving to Anywhere, Anytime Learning - Institutional Strategies for Meeting t...
EDEN Digital Learning Europe
 
Karim Anil: Need for Change
Karim Anil: Need for ChangeKarim Anil: Need for Change
Karim Anil: Need for ChangeAnilKarim
 
Research proposal information_and_communication_te
Research proposal information_and_communication_teResearch proposal information_and_communication_te
Research proposal information_and_communication_te
Prince Rainier
 
I 302 project slides
I 302 project slidesI 302 project slides
I 302 project slides
StevenChen386747
 
ENG 131 Technical Report
ENG 131 Technical ReportENG 131 Technical Report
ENG 131 Technical ReportNickolas Colie
 
Group2 week3 charter_schools071910
Group2 week3 charter_schools071910Group2 week3 charter_schools071910
Group2 week3 charter_schools071910Wayne McMahon
 

What's hot (20)

all chicago final 6
all chicago final 6all chicago final 6
all chicago final 6
 
UNIVERSITY OF WINDSOR agreement
UNIVERSITY OF WINDSOR agreementUNIVERSITY OF WINDSOR agreement
UNIVERSITY OF WINDSOR agreement
 
Access and equity 1
Access and equity 1Access and equity 1
Access and equity 1
 
Verona prof dev presentation singleton elad 540
Verona prof dev presentation singleton elad 540Verona prof dev presentation singleton elad 540
Verona prof dev presentation singleton elad 540
 
Impact of Covid-19 on Education Across the World
Impact of Covid-19 on Education Across the WorldImpact of Covid-19 on Education Across the World
Impact of Covid-19 on Education Across the World
 
College of 2020: The Future Graduate School
College of 2020: The Future Graduate SchoolCollege of 2020: The Future Graduate School
College of 2020: The Future Graduate School
 
Flexible option: a direct assessment competency-based education model
Flexible option: a direct assessment competency-based education modelFlexible option: a direct assessment competency-based education model
Flexible option: a direct assessment competency-based education model
 
Education in the Age of COVID-19
Education in the Age of COVID-19Education in the Age of COVID-19
Education in the Age of COVID-19
 
Key Elements of Student Success in Utah Higher Education
Key Elements of Student Success in Utah Higher EducationKey Elements of Student Success in Utah Higher Education
Key Elements of Student Success in Utah Higher Education
 
Hunt Institute
Hunt InstituteHunt Institute
Hunt Institute
 
Board of Regents Strategic Goals 07-30-2015
Board of Regents Strategic Goals 07-30-2015Board of Regents Strategic Goals 07-30-2015
Board of Regents Strategic Goals 07-30-2015
 
George Dehne, Vision 20:20
George Dehne, Vision 20:20George Dehne, Vision 20:20
George Dehne, Vision 20:20
 
THE EFFECTS OF CORONAVIRUS ON EDUCATION
THE EFFECTS OF CORONAVIRUS ON EDUCATIONTHE EFFECTS OF CORONAVIRUS ON EDUCATION
THE EFFECTS OF CORONAVIRUS ON EDUCATION
 
Moving to Anywhere, Anytime Learning - Institutional Strategies for Meeting t...
Moving to Anywhere, Anytime Learning - Institutional Strategies for Meeting t...Moving to Anywhere, Anytime Learning - Institutional Strategies for Meeting t...
Moving to Anywhere, Anytime Learning - Institutional Strategies for Meeting t...
 
Karim Anil: Need for Change
Karim Anil: Need for ChangeKarim Anil: Need for Change
Karim Anil: Need for Change
 
Research proposal information_and_communication_te
Research proposal information_and_communication_teResearch proposal information_and_communication_te
Research proposal information_and_communication_te
 
I 302 project slides
I 302 project slidesI 302 project slides
I 302 project slides
 
ENG 131 Technical Report
ENG 131 Technical ReportENG 131 Technical Report
ENG 131 Technical Report
 
Alex. papers gm c. scholz
Alex. papers gm c. scholzAlex. papers gm c. scholz
Alex. papers gm c. scholz
 
Group2 week3 charter_schools071910
Group2 week3 charter_schools071910Group2 week3 charter_schools071910
Group2 week3 charter_schools071910
 

Viewers also liked

2009,planta, nitric oxide ros chitosan, srivastava et al
2009,planta, nitric oxide ros chitosan, srivastava et al2009,planta, nitric oxide ros chitosan, srivastava et al
2009,planta, nitric oxide ros chitosan, srivastava et alNupur Srivastava
 
Rolling Educational Rewards....
Rolling Educational Rewards....Rolling Educational Rewards....
Rolling Educational Rewards....Nupur Srivastava
 
2010,plant physiology and biochemistry,H2S in stomatal response
2010,plant physiology and biochemistry,H2S in stomatal response2010,plant physiology and biochemistry,H2S in stomatal response
2010,plant physiology and biochemistry,H2S in stomatal responseNupur Srivastava
 
2009,plant signaling and behaviour, cytosolic alkalinization
2009,plant signaling and behaviour, cytosolic alkalinization2009,plant signaling and behaviour, cytosolic alkalinization
2009,plant signaling and behaviour, cytosolic alkalinizationNupur Srivastava
 
Android technology
Android technology Android technology
Android technology
gulshan guls
 
A visit from St Nick
A visit from St NickA visit from St Nick
A visit from St Nick
Rolf Harding
 
Kinetic presentation LinkedIn
Kinetic presentation LinkedInKinetic presentation LinkedIn
Kinetic presentation LinkedInRudy Bier
 
Compendium of Good practices in training for gender equality
Compendium of Good practices in training for gender equalityCompendium of Good practices in training for gender equality
Compendium of Good practices in training for gender equalityThokozani Amanda Chimasula
 
HSE APPLICATION CV FOR GEORGE O.E
HSE APPLICATION CV FOR GEORGE O.EHSE APPLICATION CV FOR GEORGE O.E
HSE APPLICATION CV FOR GEORGE O.EGEORGE ERIOFOLOH
 

Viewers also liked (13)

2009,planta, nitric oxide ros chitosan, srivastava et al
2009,planta, nitric oxide ros chitosan, srivastava et al2009,planta, nitric oxide ros chitosan, srivastava et al
2009,planta, nitric oxide ros chitosan, srivastava et al
 
Rolling Educational Rewards....
Rolling Educational Rewards....Rolling Educational Rewards....
Rolling Educational Rewards....
 
2010,plant physiology and biochemistry,H2S in stomatal response
2010,plant physiology and biochemistry,H2S in stomatal response2010,plant physiology and biochemistry,H2S in stomatal response
2010,plant physiology and biochemistry,H2S in stomatal response
 
2009,plant signaling and behaviour, cytosolic alkalinization
2009,plant signaling and behaviour, cytosolic alkalinization2009,plant signaling and behaviour, cytosolic alkalinization
2009,plant signaling and behaviour, cytosolic alkalinization
 
2008,pce,gonugunta et al
2008,pce,gonugunta et al2008,pce,gonugunta et al
2008,pce,gonugunta et al
 
A News to Rejoice (1)...
A News to Rejoice (1)...A News to Rejoice (1)...
A News to Rejoice (1)...
 
Android technology
Android technology Android technology
Android technology
 
Internship report
Internship reportInternship report
Internship report
 
A visit from St Nick
A visit from St NickA visit from St Nick
A visit from St Nick
 
Kinetic presentation LinkedIn
Kinetic presentation LinkedInKinetic presentation LinkedIn
Kinetic presentation LinkedIn
 
Compendium of Good practices in training for gender equality
Compendium of Good practices in training for gender equalityCompendium of Good practices in training for gender equality
Compendium of Good practices in training for gender equality
 
Arun Kondra
Arun KondraArun Kondra
Arun Kondra
 
HSE APPLICATION CV FOR GEORGE O.E
HSE APPLICATION CV FOR GEORGE O.EHSE APPLICATION CV FOR GEORGE O.E
HSE APPLICATION CV FOR GEORGE O.E
 

Similar to An Increasing Cost of Higher Education...

A College Education Has Become An Essential Part Of The American Dream
A College Education Has Become An Essential Part Of The American DreamA College Education Has Become An Essential Part Of The American Dream
A College Education Has Become An Essential Part Of The American Dream
noblex1
 
The new normal distance learning and new education options
The new normal distance learning and new education optionsThe new normal distance learning and new education options
The new normal distance learning and new education options
Penn Foster Education Inc.
 
1 Student name DePaul University Office at .docx
1  Student name DePaul University Office at .docx1  Student name DePaul University Office at .docx
1 Student name DePaul University Office at .docx
aulasnilda
 
1 Student name DePaul University Office at .docx
1  Student name DePaul University Office at .docx1  Student name DePaul University Office at .docx
1 Student name DePaul University Office at .docx
croftsshanon
 
Price Competition and Course-Level Choice in K-12 Education
Price Competition and Course-Level Choice in K-12 EducationPrice Competition and Course-Level Choice in K-12 Education
Price Competition and Course-Level Choice in K-12 Education
StraighterLine
 
Economics of education 04.11.11(3)
Economics of education 04.11.11(3)Economics of education 04.11.11(3)
Economics of education 04.11.11(3)Dan Curtis
 
4Discussion 3 Higher Education Institution Policy Propo.docx
4Discussion 3 Higher Education Institution Policy Propo.docx4Discussion 3 Higher Education Institution Policy Propo.docx
4Discussion 3 Higher Education Institution Policy Propo.docx
blondellchancy
 
Crippling Student Debt
Crippling Student DebtCrippling Student Debt
Crippling Student Debt
Christina Padilla
 
Running Head EVOLVING NEEDS OF COMMUNITY COLLEGE STUDENTS1EV.docx
Running Head EVOLVING NEEDS OF COMMUNITY COLLEGE STUDENTS1EV.docxRunning Head EVOLVING NEEDS OF COMMUNITY COLLEGE STUDENTS1EV.docx
Running Head EVOLVING NEEDS OF COMMUNITY COLLEGE STUDENTS1EV.docx
todd271
 
A College Education Is A Sound Investment
A College Education Is A Sound InvestmentA College Education Is A Sound Investment
A College Education Is A Sound Investment
noblex1
 
Miami EdTech Accelerator: Introduction (Day1)
Miami EdTech Accelerator: Introduction (Day1)Miami EdTech Accelerator: Introduction (Day1)
Miami EdTech Accelerator: Introduction (Day1)
Brian David Butler
 
The Effects of Consumerism on Access to Higher Education
The Effects of Consumerism on Access to Higher EducationThe Effects of Consumerism on Access to Higher Education
The Effects of Consumerism on Access to Higher EducationCornell Woodson
 
Financing the Dream: Securing College Affordability for the Middle Class
Financing the Dream: Securing College Affordability for the Middle ClassFinancing the Dream: Securing College Affordability for the Middle Class
Financing the Dream: Securing College Affordability for the Middle Class
Obama White House
 
ADVANTAGES AND DISADVANTAGES OF HIGHER EDUCATION
ADVANTAGES AND DISADVANTAGES OF HIGHER EDUCATIONADVANTAGES AND DISADVANTAGES OF HIGHER EDUCATION
ADVANTAGES AND DISADVANTAGES OF HIGHER EDUCATION
Monica Franklin
 
Explain the Current Issue in Higher Education (updated 2023).docx
Explain the Current Issue in Higher Education (updated 2023).docxExplain the Current Issue in Higher Education (updated 2023).docx
Explain the Current Issue in Higher Education (updated 2023).docx
intel-writers.com
 
Transformation Strategies for Higher Education
Transformation Strategies for Higher EducationTransformation Strategies for Higher Education
Transformation Strategies for Higher Education
Cognizant
 
globalization
globalizationglobalization
globalization
oryzasativa0720
 
Final Presentation - Workforce and College Preparation
Final Presentation - Workforce and College PreparationFinal Presentation - Workforce and College Preparation
Final Presentation - Workforce and College PreparationDaniel Lebowitz
 

Similar to An Increasing Cost of Higher Education... (18)

A College Education Has Become An Essential Part Of The American Dream
A College Education Has Become An Essential Part Of The American DreamA College Education Has Become An Essential Part Of The American Dream
A College Education Has Become An Essential Part Of The American Dream
 
The new normal distance learning and new education options
The new normal distance learning and new education optionsThe new normal distance learning and new education options
The new normal distance learning and new education options
 
1 Student name DePaul University Office at .docx
1  Student name DePaul University Office at .docx1  Student name DePaul University Office at .docx
1 Student name DePaul University Office at .docx
 
1 Student name DePaul University Office at .docx
1  Student name DePaul University Office at .docx1  Student name DePaul University Office at .docx
1 Student name DePaul University Office at .docx
 
Price Competition and Course-Level Choice in K-12 Education
Price Competition and Course-Level Choice in K-12 EducationPrice Competition and Course-Level Choice in K-12 Education
Price Competition and Course-Level Choice in K-12 Education
 
Economics of education 04.11.11(3)
Economics of education 04.11.11(3)Economics of education 04.11.11(3)
Economics of education 04.11.11(3)
 
4Discussion 3 Higher Education Institution Policy Propo.docx
4Discussion 3 Higher Education Institution Policy Propo.docx4Discussion 3 Higher Education Institution Policy Propo.docx
4Discussion 3 Higher Education Institution Policy Propo.docx
 
Crippling Student Debt
Crippling Student DebtCrippling Student Debt
Crippling Student Debt
 
Running Head EVOLVING NEEDS OF COMMUNITY COLLEGE STUDENTS1EV.docx
Running Head EVOLVING NEEDS OF COMMUNITY COLLEGE STUDENTS1EV.docxRunning Head EVOLVING NEEDS OF COMMUNITY COLLEGE STUDENTS1EV.docx
Running Head EVOLVING NEEDS OF COMMUNITY COLLEGE STUDENTS1EV.docx
 
A College Education Is A Sound Investment
A College Education Is A Sound InvestmentA College Education Is A Sound Investment
A College Education Is A Sound Investment
 
Miami EdTech Accelerator: Introduction (Day1)
Miami EdTech Accelerator: Introduction (Day1)Miami EdTech Accelerator: Introduction (Day1)
Miami EdTech Accelerator: Introduction (Day1)
 
The Effects of Consumerism on Access to Higher Education
The Effects of Consumerism on Access to Higher EducationThe Effects of Consumerism on Access to Higher Education
The Effects of Consumerism on Access to Higher Education
 
Financing the Dream: Securing College Affordability for the Middle Class
Financing the Dream: Securing College Affordability for the Middle ClassFinancing the Dream: Securing College Affordability for the Middle Class
Financing the Dream: Securing College Affordability for the Middle Class
 
ADVANTAGES AND DISADVANTAGES OF HIGHER EDUCATION
ADVANTAGES AND DISADVANTAGES OF HIGHER EDUCATIONADVANTAGES AND DISADVANTAGES OF HIGHER EDUCATION
ADVANTAGES AND DISADVANTAGES OF HIGHER EDUCATION
 
Explain the Current Issue in Higher Education (updated 2023).docx
Explain the Current Issue in Higher Education (updated 2023).docxExplain the Current Issue in Higher Education (updated 2023).docx
Explain the Current Issue in Higher Education (updated 2023).docx
 
Transformation Strategies for Higher Education
Transformation Strategies for Higher EducationTransformation Strategies for Higher Education
Transformation Strategies for Higher Education
 
globalization
globalizationglobalization
globalization
 
Final Presentation - Workforce and College Preparation
Final Presentation - Workforce and College PreparationFinal Presentation - Workforce and College Preparation
Final Presentation - Workforce and College Preparation
 

An Increasing Cost of Higher Education...

  • 1. Fall 2015 Zealousness Magazine | 25 for four-year public institutions has risen by more than 60 percent in six states, more than 40 percent in 10 states, and more than 20 percent in 29 states. In Arizona, where tuition has been raised the most, tuition has jumped more than 80 percent – $4,493 per student, after inflation – since 2008. For the 2013-2014 school year, the average published tuition and fees for undergraduates at public four-year colleges were $8,893, up 2.9 percent from the prior year; for private non-profit four-year colleges, the average published tuition and fees were $30,094, up 3.8 percent from the 2012-2013 school year; and for public two-year colleges, the average published tuition and fees were $3,264, up 3.5 percent from the 2012-2013 school year.[1] Over the last decade, the increases in published tuition and fees were even greater—at four-year public colleges, the average published tuition and fees in inflation adjusted dollars increased 51 percent; at private non-profit four-year colleges An increasing Cost of Higher Education Limiting the Yearn for Knowledge Are there any solutions? A week ago I was interacting with one of my friends and we discussed our childrens’ futures in education. Presently her child is in sixth grade, and she is relaxed about the stress and affordability of education. However, she is alarmed by the fact: “How long will I be going to enjoy the same situation (calmness)?” One day or the other, one has to accept the lingering fact of the rising cost of higher education and its adverse influence on us and on our kids. The issue of skyrocketing cost of education leaves me perplexed and forces me to think about the reasons behind it. Will there be an end to this constant overpowering distress? Reasons for an astronomical increase in an education expense The first question which comes to mind for students and parents opting for college education: “how much is this going to cost?” In this section I will acquaint you with the reasons why we are facing such a dreadful situation. Since 2008, the rises in tuition have been steep. The average tuition The average tuition for four-year public institutions has risen by more than 60 percent in six states, more than 40 percent in 10 states, and more than 20 percent in 29 states. By Nupur Srivastava
  • 2. 26 | Zealousness Magazine Fall 2015 the average published tuition and fees increased 25 percent; and at public two-year colleges, the average published tuition and fees rose 35 percent [2]. The figure shown on p. 25 is proof that the college tuition and fees have startlingly increased as compared to house prices, as well as average hourly wages for the average American family. The following are the main reasons for an alarmed increase in cost of higher education: 1. The rise in demand for higher education: As I mentioned in my earlier article --(http://www. woweducationrewards.org/a-news- to-rejoice-unemployment-nightmare- of-the-graduates-coming-to-an- end/) -- there is a growing gap in the wage and unemployment differentials by educational attainment. People believe, and it’s true that, a student with a college degree earns more and has higher employment rate than those with a lower level or no degree. Demand for a degree is also causing the price of higher education to skyrocket. According to the National Center for Education Statistics, enrollment increased 11% between 1990 and 2000. Between 2000 and 2010, enrollment rose 37%. 2. Technological advances in education industry: Technological advances affect higher education in many ways [3]. Just as a hospital needs to keep buying the latest medical equipment to increase its quality of care for patients, universities must continually purchase the latest technology to increase the quality of education. Any university that decides to teach the same curriculum it did in the 1950s would appeal to a very small market niche. The service we provide today in higher education has undergone a profound evolution and is in many ways a very different service than the one we experienced a generation or more ago in college classrooms. In higher education the chalk, paper, pen, and test- tube world has been replaced by wired buildings, laptops, high-tech classrooms, and pulsed laser systems in labs, together with the specialists needed to make the systems work (http://wmpeople.wm.edu/asset/ index/dhfeld/avoidingtunnelvision). 3. Best faculty appointments: With the rising demand of college education and increasing enrollment of students, a college has to hire more top-notch faculty; this translates into rising personnel costs for salaries and benefits. Improvement in utilities and providing the best student services The cost and maintenance of utilities such as heat, electricity, water and sewer systems keep on rising. In order to keep pace with the students’ demand in services, dining options, health and fitness centers, etc.— colleges offer these services to stay competitive, which in turn adds to the cost. 4. Ailing economy: The recent downturn in the economy has created significant problems for colleges—reductions in state and federal funding, and fewer private donations. Colleges try to make up for these losses through tuition hikes. 5. Student financial aid has fueled the demand for higher education. Scholarships offered by some colleges can also hike up the price. For example, merit-based awards are sometimes funded by tuition increases. That means when a student pays his or her tuition, they could be subsidizing the scholarships. Are there any sustainable solutions for minimizing the aforementioned crisis? The rising cost of education mostly affects lower-income students who ordinarily would not be able to afford college. According to Kevin Carey, the Director of Education Policy at the New America Foundation, major spending at universities includes infrastructure, administration, scholarships and sports teams -- but investing in Fig 2. Source: “Galloping inflation in American college fees”, The Economist, Sept. 2, 2010. http://www.econo- mist.com/node/16960438
  • 3. Fall 2015 Zealousness Magazine | 27 classrooms and professors, which could actually impact student learning, isn’t on this list. College is meant to be a great experience and should not be something students will later come to regret after incurring high levels of student loan debt. The Delta Cost Project at American Institutes for Research (AIR) makes a unique contribution to the dialogue by focusing on how colleges spend their money. The Delta Cost Project provides policymakers, higher education administrators, and the general public with analyses and resources to deepen understanding of what colleges do with their money. The following lists are a few solutions to overcome the crisis: 1. Dual enrollment programs: there exists a variety of options that can help lessen the financial burden of a college degree. Through programs such as Advanced Placement (AP) course work, College Level Examination Program (CLEP), and early college, high school students can begin to accumulate college credit while still in high school. Students who elect to participate in such programs spend less time taking basic courses in college and consequently, are able to graduate quicker and at a lower cost. 2. Online Education: Another solution could be online education. Many universities, including Arizona State University, already offer courses and even entire degrees online at a fraction of the cost of traditional degrees. Many companies also offer courses for free called “massive open online courses” (MOOCs). In most cases, students learn just as much, if not more, from online instruction without having to take out a single student loan. (http://www.ncpa.org/sub/ dpd/index.php?Article_ID=23616) One of the main benefits of using online courses is learning the ability to manage one’s time without faculty oversight, a crucial skill for students leaving high school and entering higher education. Online courses also allow for a more flexible schedule. On top of this flexibility is the option to take advanced and specialized classes that are often unavailable at many high schools. Lastly, online courses may enable students to discover subjects of interest (or disinterest) prior to arriving on campus, helping them avoid the delays that often accompany changing majors. 3. Offering three year bachelor’s degree: the costs are reduced benefitting students saving a fourth year of tuition and room and board, as well as starting a career or graduate school a year early [4]. 4. Housing options: Students should start living in a dorm rather than shifting to an independent home. The rent one has to pay would be more in independent rooms and also the utilities bills would add more burden. 5. Renting textbooks instead of purchasing new ones 6. Earning money while in school: One should try for part– time jobs while studying (work-study employment), or consider becoming a Resident Advisor (RA). Most schools pay their RAs and contribute to their room and board. Too stressful to work and go to classes at the same time? Students can work during summers vacations and use the money earned for tuition, books, or other expenses. Also try looking into cooperative education programs, which allows alternating between working full time and studying full time. This type of employment program is not based on financial need, and one can earn as much as $7,000 per year. 7. Exploring all the financial aid options: Apply for scholarships and contact the financial aid departments in your college. One should also apply for merit based scholarships; In order to receive these, students should excel in their studies and/or extracurricular activities. More details can be found at [5] Concluding Remarks Do you think will there be an end of angst from not going to college just because of an abrupt rise in cost of higher education? Will the talented individuals/ students yearning for knowledge have to live in such a desperate situation for eternity? Email us your thoughts: zealousness@ineducationonline.org References 1. College Board, Trends in College Pricing (2012) http://trends.collegeboard. org/college_pricing. (The College Board’s Trends in College Pricing does not have a comparable data set of tuition data for for- profit institutions) 2. College Board, Trends in College Pricing (2012) http://trends.collegeboard. org/college_pricing. 3. Archibald and Feldman (2011) Why Does College Cost So Much? ISBN: 9780199744503 4. The Buzz and Spin on 3 Year Degrees. 5 . ( h t t p : / / w w w . centerforcollegeaffordability.org/ uploads/25Ways_to_Reduce_the_Cost_ of_College.pdf)
  • 4. 28 | Zealousness Magazine Fall 2015 Do YOU want to be a part of an ongoing discussion? Complete the survey and send on your comments at info@ineducationonlline.org Your Full Name: ____________________________________ Your Occupation: ____________________________________ Your Employer/Institution name: ____________________________________ Did any time you feel that your choice of school/elective got affected with rising cost of education? [A] Yes [B] No According to you what percentage decrease in the school fees will make it more affordable? [A] 10% [B] 20% [C] 30% [D] >30% How many part-time jobs you have/had to take while enrolled in college? [A] 1 [B] 2 [C] >2 Do you think the online courses or Massive Open Online Courses (MOCC) one of the solution for reducing the cost of higher education? [A] Yes [B] No Even after struggling so hard during your college days, was obtaining a graduate degree enough for landing your dream job? [A] Yes [B] No Which options from below would be more suitable (in terms of reducing the cost of education)? [A] A four year college degree [B] A three year college degree [C] Enrolled in college programs while studying in high school