StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

College tuition - Research Paper Example

Cite this document
Summary
INTRODUCTION 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…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER93.3% of users find it useful
College tuition
Read Text Preview

Extract of sample "College tuition"

Download file to see previous pages

This paper attempts to investigate the economic costs and benefits associated with college tuition. The research will also help administrative bodies and students to identify the key factors affecting the effectiveness of college education. Finally, the conclusion will suggest effective measures to minimize the benefits cost associated with college tuition. COSTS AND BENEFITS OF EDUCATION The Opportunity Costs of College Education A number of opportunity costs are associated with college education.

When a student decides to get admission in college instead of earning on a job, the lost earning is the opportunity cost. Since there is large number of applicants than the available seats, the rejection of more deserving students account for opportunity cost to that college. If the enrolled student is not utilizing his capabilities efficiently, the rejected student might have proven more successful to college and the society. Furthermore, the qualified student directly suffered emotional stress and tangible loss.

The Economic Costs of College Education The tuition payment made for college education is an investment in student’s future. The cost of college education is increasing with every passing year as illustrated in figure 01. Figure 01. Increasing Trends in College Pricing Source: The College Board, 2010. However, the college tuition cost considerably varies depending on the choice of college. Around 47% of the fulltime undergraduate students are enrolled into four-year colleges with tuition fees less than $9,000 per annum.

Comparatively, the private four-year colleges charge students with more than $35,000 per annum. Sometimes, these colleges also offer partial scholarships and financial aid programs attracting more applicants. The average tuition and fees at a two-year college stands around 2, 713 per annum. Few of the colleges may also offer to cover all tuition costs in full scholarships. In the year 2009-10, around $154 billion was spent in providing financial aid to college students. Benefits College education is quite beneficial investment in terms of developing human capital.

The lifetime income potential of a person far increases with education and training. These days, it is vital for a person to be prepared to work in modern economies by getting reasonable education. College tuition is thus an investment in enhancing knowledge, skills, competencies, values and habits of a person. Apart from the monetary awards, various social benefits are also associated with college education. College education has remarkably decreased the public reliance on financial assistance programs leading to the generation of more tax revenues.

This also increases the serving capacity of the public sector. The costs imposed by criminal justice system on the society cannot be ignored. Over the past few decades, education has resulted in decrease of crime rates. Thus, the public sector funds spend by the system on prosecution, punishment and probation of criminals can be utilized for social welfare. In addition, educated people are capable of forming a more interacting civil society. TUITION DATA According to the Trends in College Pricing 2010 report, increase in grant aid has resulted in decline of average tuition and fees in the recent years.

However, a large number of students are still paying full tuition charges that are increasing every year. For instance, Students at four-year public colleges with no financial funding paid 7.9% more in 2010 than they

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“College tuition Research Paper Example | Topics and Well Written Essays - 1250 words”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1426882-college-tuition
(College Tuition Research Paper Example | Topics and Well Written Essays - 1250 Words)
https://studentshare.org/macro-microeconomics/1426882-college-tuition.
“College Tuition Research Paper Example | Topics and Well Written Essays - 1250 Words”, n.d. https://studentshare.org/macro-microeconomics/1426882-college-tuition.
  • Cited: 2 times

CHECK THESE SAMPLES OF College tuition

The Increasing College Tuition

Name Institution Course Instructor A discussion on the increasing College tuition; specifically fees at WVU Introduction A keen focus to the issues experienced in Minnesota State University is undertaken.... Following Feldman's, Myths and Realities about Rising College tuition, discusses the changes statistically, historically, and in a way that is not biased.... In the past days, College tuition fee used to be very affordable and most people could afford it comfortably as compared to the current days where the College tuition fee is very high for the peasants to afford....
5 Pages (1250 words) Essay

College tuition pricing and the drive behind it

College tuition pricing and the drive behind it Abstract The rising tuition cost in America is a matter of concern for many ordinary people.... This paper analyses the College tuition pricing and the drive behind it Contents 12 Introduction The importance of education in shaping the future of a nation is well documented by many scholars in the past.... Even though the government is implementing some programs to reduce the tuition price hike and to improve the quality of education, none of these programs seem to be yielding the desired results....
8 Pages (2000 words) Research Paper

The rising cost of college tuition

Name Institution Course Instructor Date The Rising Cost of College tuition In the contemporary world, education is a basic need that is instrumental in defining the future of the society.... Some critics have pointed out that rate of increase in tuition cost have consistently exceeded the overall inflation rate.... Further, some students have to enroll for work-study program in order to raise tuition fee for their education.... Every person, at given time attempt to acquire college education....
5 Pages (1250 words) Research Paper

Lower the college tuition

Education is something which gives… High College tuition limits the accessibility of higher education and this is an important reason why it remains controversial.... The following essay will explore the reasons why tuition should be low.... Since lower tuition Since education is based upon the ideals of opportunity for all and higher personal advancement, increased tuition costs ruin the promise of education and make it only available to the elite members of society....
4 Pages (1000 words) Essay

Tuition increase

One of the most pivotal controversies that surround the news is the alarming rate of College tuition hikes that has taken place over the recent decades.... Community colleges tuitions have escalated making it difficult for students to concentrate just on their The Surprising Causes of Those College tuition Hikes One of the most pivotal controversies that surround the news is the alarming rate of College tuition hikes that has taken place over the recent decades....
1 Pages (250 words) Article

Research Paper about expensive college tuition 2

Over the few previous years, the cost of college and Numerous factors have been attributed to the increasing cost of College tuition, among them being the high demand for higher education.... It is true that the College tuition fee has become too high.... Most weighty among all the shifts is the trend towards an increase in cost of tuition.... The increase in tuition fees has been a… Different studies indicate that the cost of tuition has expanded to become the largest expenditure for almost all college and university students....
4 Pages (1000 words) Research Paper

The True Value of Expensive Education

This paper will evaluate the American scenario of college education focusing the students as audience while analyzing the actual situations to prove whether the rising tuition fee actually add value to the higher education outcome in the country.... The term tuition fee refers to the amount required to be paid by the students for continuing a learning course in a college or university.... The uncontrollable increase in tuition fees poses a threat to the enrollment rates in colleges, which is an indicator of declining quality of human resources in the future years of the productive economic sector across the country....
8 Pages (2000 words) Research Paper

Does Having Wealthy Parents Pay College Tuition Result in More Failed Classes

The research proposal " Does Having Wealthy Parents Pay College tuition Result in More Failed Classes?... touches upon the relation between wealthy parents and college education.... This paper outlines the methods and means through which the researcher has collected data....
11 Pages (2750 words) Research Proposal
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us