Rising College Tuition

Will the rise in University college tuition reduces enrollment? The rise in college students debt have been blamed often on college’s high tuition. Many students who enroll into a university often end up with a lot of loan they have to pay back for, even financial aid doesn’t help cover everything. Many students are also afraid to borrow such a large sum of money because they don’t want to have to worry about paying back after finishing college. For the average American household that doesn’t receive a lot of financial aid, higher education is simply out of reach. For the middle-class families that can find their way through paying for college; many students don’t go to college or if they do they simply don’t graduate because they can’t
“According to the National Center for Education Statistics, when college cost are adjusted for inflation, the average cost of a year of college in 1981 was $3,101. In 2011, however, the figure was $18,497 (Thompson 2015)”. The rising of college tuition can hit those with financial struggles really hard and because of this, many students end up working either a full time job or two to three jobs so they can pay for their tuitions. Therefore, this can cause a huge factor in their academic performance such as: not having enough time to finish their homeworks and essays, not having enough sleep, not having enough time to study and can’t take all the classes that they need. It can be really hard because many students only thought of the enrollment tuition the one set of financial assumptions only to find out that there’s more to it than what they really know. Let’s say a student should complete their bachelor’s degree within six to eight years, if they’re working full time or a part time job only a quarter of them would actually finish their bachelor’s degree and some may even have to push back their graduation
Although, the rising cost of tuition for University schools have many students enrolling into community colleges that has risen drastically. Also, many students who can’t afford to pay for college tuition have also started other ways to pay it off for example, starting their own business. Many young grads have started business of their own and it’s nice to say that their own share of entrepreneurship has been growing steadily. It’s a great way to make money and a way to become mature and responsible from it. However, many students who graduated end back with living with their parents because of the heavy loans they borrowed. Those who don’t get a job after they graduate may suffer a lot from this because the loan is just too much for them alone to pay back. A lot of the time, many can’t even afford to buy their own place to live because of the thousands of debt and saving money isn’t just an option anymore. There are many sides to this, many can say tuition need to be reduce especially for the lower and middle income families while some may say it doesn’t need to be reduce because it’s a great help to make our economy stronger. Although the rise in college tuition can cause many students to think again and run away, it doesn’t create a huge black hole for