Rising Cost of College Education
It is sad to fathom the state of our education today where we are forced to dig deeper into our pocket than our brains for a brighter future. I would like to take this opportunity to affirm to you that the issue of the spreading of college education is not a “your” problem but a “we” problem, which without immediate resolution will send our children’s dreams down the drains.
Cost of a college education has risen in the country for the past three years more than any other sector in the country. In the statement by Libby (49) the cost has increased by over 500% from 1987 to 2018, in 1987 the average tuition fee in a private nonprofit four-year institution was around $15,160 and $34,740 in 2018. In a public four-year institution as per 1987, the tuition fee was only $3,190 and which has increased to $9,970 in 2018 (Libby 49). These numbers clearly show that college education has become a financial burden in many American households, given the fact that the current median income in United States is only $56,000 annually (Libby 49). People complain about the rise of the cost of medical care, but the statistics on college cost shows tuition fee has doubled ever since and it has no signs of slowing down. Colleges are taking advantage of the increase of financial aid from federal states to students. Federal student aid and loan have been increasing ever since the 1990s, this, in t…
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