High cost of College
By bobmnu
@bobmnu (8157)
United States
October 8, 2008 1:39am CST
When I graduated (average time 4 years) from College in 1971 a state school was $1,700 state tuition, books, supplies, room and board. I took a job teaching for $7,100. I received my sons (average time in college 4.5 years) tuition bill today and the cost for state tuition, books, supplies, room and board will be about $13,000 per year. A starting teacher makes about $28,000 starting out. This means that college costs have gone up over 7 1/2 times while salaries have gone up almost 4 times. I had to work less than one year to pay for college while my children will have to work over two years to pay for their college. What has caused college costs to increase so much?
The economic factors should have the same influence on costs and salaries. What has changes is the amount of money the Federal Government is paying to have students attend college and they just increased the amount of the Basic Pell Grant. It seems that what we are facing is higher costs = Higher Government money = higher costs. Colleges have no incentives to reduce costs because "big Brother" will give you more money.
In a free market economy the increased costs would result in lower students which would force colleges to cut costs to get more students. Is this one area the Government could save some money?
3 responses
@brandy1017 (25)
• United States
9 Oct 08
I agree it is ridiculous how much tuition has gone up. I started school in 2000 at Penn State and went for about 2 1/2 years. Then I had to take a break to work so that I could pay for school. Unfortunately, tuition went up so much, I am just now getting to go back and tuition is about 14,000. That does not include books or living expenses either. Fortunately I am getting a very small amount of financial aid because I have been paying on my old student loans. But I will be getting MORE student loans just to finish...RIDICULOUS.
@morethanamolehill (1586)
• United States
8 Oct 08
It's simple economics. When you cut taxes, It brings more money into the Treasury. Raising taxes makes the populace more dependant on the Gov't and thus easier to control.
And whenever the Gov't Subsidizes anything it becomes more expensive.
@glechelle (146)
• Philippines
8 Oct 08
Before I got to college, I have to get into a scholarship to help me with the expenses. I am lucky since it the scholarship was a great deal of help to make me graduate college. In our country, only 1 out of 10 is able to enroll in college and not all of them are lucky to continue and finish schooling.