Extract of sample "About expensive college tuition"
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Recent studies indicate that there are impacts of high tuition fees on enrollment of students to higher education. The most affected students are from the low- and middle-income families. Studies indicate that almost 60 percent of students from low-income families in United States are less likely to enroll in colleges than those from affluent families. Studies carried out in California and Los Angeles established that every increment of tuition fees by $1000 results to a 16% decline in student enrolment (Jackson & Weathersby 631). Therefore, an increase in tuition fees and decrease in student enrolment forms the basis of this paper. This paper will target colleges and students as the primary audiences. In this regard, this paper will discover the relationship between tuition fees and student enrolment in United States by answering the question “is student enrolment responsive to increment in tuition fees?”
An examination of studies carried out in the past five years indicates that the effects of tuition fees increment have been a contagious issue among scholars. Evidence to support the responsiveness of students towards tuition fee prices will be supported through a review of three studies by Jackson and Weathersby (623-652), Heller (624-659) and Leslie and Brinkman (50-65). These studies will be used to support this research because of their broad range of research methodologies, broad student sample and their time variations. Given these distinctions, these articles replicate numerous accepted tenets.
These studies hold that higher education is similar to other goods and services in the market and, therefore, the law of demand applies. This implies that an increase in its price will result to a decrease in its demand and thus low student enrolment. Additionally, these studies hold that the tuition price changes have distinct effects on students. For instance, a $2000 increment in tuition fees probably has distinct effects on different
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Since every life pivots around education in nearly every part of the world, the societal perception towards education is that it defines both social and economic life of the individual. In the resent years, the cost of college education has escalated. The high cost of college education seems to send varied signals to parents and students about the need to acquire college education.
Why is College So Expensive? People say it “pays to go to college.” That’s true but what’s also true is that when you go to college, you pay and pay and pay. Seemingly every day, at every turn, for every reason you can think of and many more you didn’t anticipate, someone involved somehow with schooling has their hand out for more money.
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Consequently, the race for higher education resulted in soaring of tuition fees. Students usually pay these costs from a different number of sources including personal savings, parents’ money, scholarships, student loans and other financial instruments.
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