Rising Cost of College Tuition

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Presentation transcript:

Rising Cost of College Tuition Algebra I class Student Sample 1

College Tuition Tuition is the cost for classes at a university. Tuition does not include the cost for books, food, or dorms. Tuition for all colleges is going up every year.

Xavier University Xavier University is a private university Xavier is located in Cincinnati Ohio

Harvard University Harvard is a private Ivy League University It is one of the oldest universities in the United States Harvard is located in Cambridge, Massachusetts Seven U.S Presidents have degrees from Harvard

Tuition cost for Xavier university Year Tuition 1987 5900 1998 13650 2009 26860 1988 6450 1999 14400 2010 28570 1989 7000 2000 15170 2016 33030 1990 7650 2001 16010 1991 8645 2002 16870 1992 9700 2003 18020 1993 10450 2004 19150 1994 10970 2005 20400 1995 11520 2006 22250 1996 12270 2007 23670 1997 12950 2008 24600

Tuition cost for Harvard university Year Tuition 1987 11390 1998 21266 2009 36173 1988 12015 1999 22028 2010 37012 1989 12715 2000 24407 2016 43938 1990 13545 2001 25128 1991 14450 2002 26019 1992 15410 2003 27448 1993 16454 2004 29060 1994 17470 2005 30620 1995 18485 2006 32097 1996 19472 2007 33709 1997 20242 2008 34998

National Average Tuition cost for Private university Year Tuition 1987 8118 1998 17229 2009 26927 1988 8771 1999 18340 2010 28524 1989 9451 2000 19307 2011 29300 1990 10348 2001 20106 2012 29454 1991 11379 2002 21176 2013 30197 1992 12037 2003 22716 2014 30783 1993 13055 2004 24128 2015 21226 1994 13874 2005 25643 2016 32405 1995 14537 2006 26162 1996 15605 2007 26774 1997 16552 2008 26883

Xavier University: Slope = 0.00119 Equation of Line: y = 0.00119x + 9697 Harvard University: Slope = 0.000863 y = 0.000863x + 17468 National Average: Slope = 0.001037 y = 0.001037x + 13871

What does the line represent? The line in the graph represents the line of best fit for the data in the scatterplot. The slope of the line shows how much (on average) the tuition increases each year. It is increasing because the slope is positive

How to Predict the tuition for when I go to college To be able to predict the tuition for when I go to college I need to use the equation of the line and substitute in for the years I will go to college (2019, 2020, 2021, and 2022) in for x and solve for y. I first found the slope of the line by subtracting the x and y values and dividing. I then found the y-intercept by using a know value and the slope and solving for “b”. The equations for the lines for each university is: Xavier: y = 0.00119x + 9697 Harvard: y = 0.000863x + 17468 National Average: y = 0.001037x + 13871

Prediction for cost of Tuition when I go to College Xavier University Harvard University National Average y = 0.00119x + 9697 2019: $9699.40 2020: $9699.41 2021: $9699.41 2022: $9699.41 y = 0.000863x + 17468 2019: $17469.74 2020: $17469.74 2021: $17469.74 2022: $17469.74 y = 0.001037x + 13871 2019: $17469.74 2020: $17469.74 2021: $17469.74 2022: $17469.74 I know these numbers cannot be correct because they are less than the tuition in 2015. I have checked my math and the steps I used to find the equation but cannot find a mistake.

Best Financial Choice The best financial choice is Xavier University. The tuition for Xavier University is below both Harvard and the National Average tuition for a private university. The tuition at Harvard University actually increases less each year than either Xavier or the National Average. However, the tuition for Harvard in 2015 is $10,908 more than the tuition at Xavier. I would save a total of $31,081.33 by attending Xavier University for four years rather than Harvard.