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College Tuition By: Consuelo Mendoza
The alarming increase in college tuition By: Consuelo Mendoza
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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
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Annual Increase in Tuition
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Background/History ,000 students enrolled at U.S colleges (9,300 obtained a Bachelor’s degree and 1 obtained a Ph.D.) 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
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Tuition and Income Levels
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Universities/Colleges
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Spend on luxuries
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Increase Administration Size
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Chancing Federal loans and grants
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Money spent on athletics
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Sport Facilities
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Students
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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
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Increase in Federal aid is Proportional to increase in college tuition
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Government
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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
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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
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Is the debt and hours worth it?
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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.
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Unemployment after college.
Why education is important
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Thank you
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