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Price Of College Essay

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Price Of College Essay
In order to make the system more affordable and equitable it is essential to decode the interworking of an institution.( First, by distinguishing the costs of college versus the price of college. Fix this) Many often interchange the two terms when talking about college, however they are not the same. The price of college signifies the amount a student actually has to pay, while the cost of college means the amount schools spend on educating a student. The two numbers and how they have changed over time are far from equal. The price of college has gone up, while costs have not. Colleges continue to spend the same amount to educate students, yet insist students pay the surging tuition rates and take out an average 35,000 in loans to do so. All …show more content…
Currently approximately 500,000 full- and part-time credit-seeking students are enrolled across the states 31 public and 28 independent colleges, despite that number is predict to decline. Since, New Jersey has cut its funding for higher education by 22 percent since 2008, when adjusted for inflation, a decrease of more than $2,150 per student and a deeper cut than the national average. No wonder, New Jersey is the rank the top state to send more students to out-of-state colleges than any other state. By 2016 the price of college in New Jersey will have more than doubled in just 15 year, as the average in-state tuition for a public 4- Year college will be about $11,600. (Department of Education). In 2014, four out of ten New Jersey high school graduates crossed state lines to begin college, making New Jersey students a hot commodity for public and private colleges across the country. While, initially out-of-state tuition may be much more, $17,000 on average, the sticker price can be offset by scholarships of as much as $7,000 or after time may even declare residency to receive in-state tuition rate. College education has long been a trademark for New Jersey especially 25 years ago as state was praised for funding higher education by 70 percent, while making the other 30 percent come from tuition. Now that is completely

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