What needs to be done about the rising cost of college tuition?
As a senior in high school I have entered the realm of college applications, waiting for acceptance, and selecting the place that is the best fit for me. It’s a scary process because there are so many aspects to choosing the right college, and one of the most stressful aspects of all is the cost of tuition. The prices of tuition have increased so much, that it is said the cost of college is increasing higher than inflation. According to the article, rising cost of American College Tuition the average cost for a year at a four-year college ranges from $9,410 for in-state public tuition to $32,410 for private tuition. Neither of those numbers include room and board. In general it can be understood that costs are far higher than they used to be.
There are many reasons for the increase in cost of tuition and some of them involve the competition for students. According to the article, why college costs are so high and rising “schools continue to compete for students by working to attract top faculty, build and maintain the latest facilities and offer the next generation of students amenities that can be touted on campus tours for prospective applicants.” People everywhere are trying to come up with strategies as to how we should combat this issue. One article I found titled the simple strategy to stop rising tuition costs, said the easiest way is to control “the alignment of incentives for both borrowers and schools. The best way to do this is through a tuition cap and student loan borrowing limit.” I think this is an interesting approach .
As I start receiving acceptances into my colleges, I am really going to have to look at the tuition of the schools. Tuition plays a huge part in where I, and nearly every other high school senior, will be going to school.