5 pages (1250 words)
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... The process of globalization is progressively reshaping relationships all over the world. Integrated market policies have helped countries to improve literacy rates by stabilizing their economies. However, enabling more labor class to receive higher education has also led to rapid academic inflation. 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. This paper attempts to investigate the economic costs and benefits associated with college tuition. The research will also help administrative bodies...