• Broward College

• CGS1060C CGS1060C

Rising Cost Of College Tuition In US Argumentative Essay Introduction: Every segment of the American economy is under pressure and college education has not been left behind. The cost of college education has risen sharply in the recent past and a big percentage of American College students risk being left out of college education if the cost rises further. The increase in costs has come forth despite the excruciating cost-cutting done by colleges on every activity in the institutions. The increase in tuition fee outperformed the overall inflation rate. The increase in cost of college education in US could eventually put college education out of reach for most Americans (National Center for Public Policy and Higher Education Report, 2011). This problem could also affect the global competitiveness of the United States. According to the National Center for Public Policy and Higher Education Report issued in December 2008, College tuition and fees adjusted for inflation rose 439% from 1982 to 2007.” This figure was higher than the corresponding increase in medical care, housing and food. During the same period, the median family income rose by 147%. This problem is driving many college students away from students as the costs are increasingly becoming unbearable. The government therefore needs to move with speed in order to rectify this problem before it gets out of hand. The cost of college education for a year rose by 6% in 2006, surpassing wages, inflation and financial aid. The cost of obtaining a degree is rising even faster since many students are taking longer to graduate. Students who are supposed to be taking 4 years, are taking an average of six years to complete their studies. They are therefore forced to pay for tuition fees for six years instead of the four years that they were supposed to take. If the prices continue rising at the current rate, students who do not receive any grant will have to pay about $115,000 to reach graduation day. University officials are saying that they are raising the sticker prices to counterbalance the educations in the subsidies that the government provide for higher education. the grants that most of the universities are receiving to date is the same to the amount that they used to receive about five years ago. Therefore, for the institutions to balance the increase in salaries, wages, cost of energy and other operating costs, they have to increase the cost of tuition fees so that they can bridge the gap. The costs of running the universities are also increasing faster than even the consumer price index. Many colleges are also experiencing pressure from the parents and the students to carry out upgrading process for most of their systems and facilities. Colleges that do not improve on their facilities are left out of business. Some students prefer attending colleges that offer better services even at a higher cost. Therefore, some col