College Tuition By: Consuelo Mendoza The alarming increase in college tuition By: Consuelo Mendoza

Problem: college tuition is increasing to fast and to far. tuition has increased 500% since 1986, outpacing inflation. Last year tuition increased 5.9%- private and 4.7% in public Tuition is getting out of hand- causing fear

Annual Increase in Tuition

Background/History 1869- 52,000 students enrolled at U.S colleges (9,300 obtained a Bachelor’s degree and 1 obtained a Ph.D.) 1947- 2.3 million attended college World War II- everyone should go to college and Federal government should help 1972- Congress (federal grants) Average tuition 1900’s: $150- $1000

Tuition and Income Levels

Universities/Colleges

Spend on luxuries

Increase Administration Size

Chancing Federal loans and grants

Money spent on athletics

Sport Facilities

Students

Outcome for students Huge debt numbers Average Debt after 4 years: ranges from $17,250-$32,450 Student loan debt is approaching 1 trillion dollars Unemployment and paying back debt receive help from government- federal aid

Increase in Federal aid is Proportional to increase in college tuition

Government

What Government does Federal government provides $143 billion a year in Financial Aid Government wants to help students get their education Provide more aid to lower-income students

Solution Make college administration more efficient Universities/Colleges need to spend less on luxuries and athletics Freeze federal aid = colleges stop increasing tuition Continue to give lower income students more aid

Is the debt and hours worth it?

Your Future Preparing for your future is your only defense against tuition increase Start saving, and investing Stay out of debt Take care of your future now before it’s to late. Education is worth it.

Unemployment after college. Why education is important

Thank you