Why is college how to find ways to make money so expensive

According to recent studies, the average student graduates with about $24,000 dollars worth of student loan debt, and americans are now in more debt due to student how to find ways to make money loans than due to credit cards. College costs for students continue to rise at a rate how to find ways to make money multiple times the cost of living increases experienced by the how to find ways to make money average american. Attending college is becoming more and more financially challenging for how to find ways to make money middle class americans.

Federal student aid, while a necessity for many talented individuals who otherwise might how to find ways to make money not have been able to finance their college educations, could actually be contributing to the problem of rising tuition how to find ways to make money costs. There are two major reasons for this. First, easy access to federal student aid causes students to ignore how to find ways to make money the numbers in front of them. Knowing that another party is financing their bill makes students how to find ways to make money less concerned about the price tag, and, if students do not protest tuition prices, what incentive do university administrators have to lower them?

Secondly, federal student aid has risen steadily over the years in how to find ways to make money order to keep up with college admission prices. The goal of these aid programs is simple: to reduce the cost of college for students. However, as aid amounts have increased, so too have tuition costs, effectively negating the benefits of increasing federal aid. Colleges and universities know that they can raise their prices how to find ways to make money and that students will still attend – in part because the government is handing them money. 2. A college degree is perceived as a necessity.

In today’s job market, a college degree is widely considered to be a necessity, even in many professions where it was once considered superfluous. This has contributed to an increase in students attending college how to find ways to make money to prepare for professions where they do not necessarily need how to find ways to make money degrees. Colleges are well aware of public opinion regarding college degrees, so they are also aware that they can set tuition how to find ways to make money almost as high as they’d like and still attract a sizeable student body. To combat this problem, american students would need to seriously reevaluate their life paths how to find ways to make money and decide whether they truly need a college degree in how to find ways to make money order to pursue their desired career. Professional, vocational, or technical training should be viewed as a viable alternative how to find ways to make money to a four-year degree, not a less worthy undertaking (as it is viewed by many now). 3. Colleges do not see students as their customers.

Partly because college administrators know that their product is in how to find ways to make money high demand and is guaranteed to sell at virtually any how to find ways to make money price, they sometimes view student attendance as an inevitability. Therefore, some schools tend to focus more on the demands and how to find ways to make money needs of their professors, alumni, investors, and other important “customers” rather than the needs of their students. Expensive athletic programs (supposedly benefiting alumni more than students), trustees’ whims, and professors’ demands are just a few examples of ways that educational how to find ways to make money institutions have been known to cater to the needs of how to find ways to make money their customers at the expense of their students. 4. Peer pressure is powerful.

As one college increases its rates, a competing “classy” school follows suit and raises its rates accordingly. The domino effect is copied throughout the nation as school how to find ways to make money administrators feel the next rate increase is justified since neighboring how to find ways to make money institutions have already jumped onto the bandwagon. Colleges that keep rates intentionally low are quickly viewed as how to find ways to make money sub-par by other schools and may run the long term how to find ways to make money risk of devaluing the worth of education received through their how to find ways to make money brand. 5. Student acquisition costs are skyrocketing.

Amidst all the criticism for nonsensical increases in the cost how to find ways to make money of american college education, one final point is worth noting. The cost for acquiring an individual student at an american how to find ways to make money college is rapidly increasing. Each year, new for profit colleges are created while other similar institutions how to find ways to make money rapidly expand. These for profit colleges directly compete for students with the how to find ways to make money historic US universities, state institutions, private colleges and community colleges. The annual increase in student openings at american colleges far how to find ways to make money exceeds the annual increase in the number of students entering how to find ways to make money colleges. American colleges find themselves forced to target adults and pressure how to find ways to make money them into beginning or returning to college in order to how to find ways to make money create a continuing yet non sustainable student population growth.

Out of desperation, colleges pay $35 or more merely for a new prospective student’s contact information. A long food chain of marketing firms and affiliates then how to find ways to make money take advantage of this desperation by using traditional and nontraditional how to find ways to make money techniques to lure unsuspecting individuals into submitting their personal information how to find ways to make money which is then sold to these colleges. Many of these contacts prove to be worthless, but only after a college spends in excess of $50 per contact through phone calls and promotional mailings as how to find ways to make money well as hefty payments to those who obtained the prospective how to find ways to make money student’s personal information.

As college student recruitment and admissions offices fork over hundreds how to find ways to make money of thousands of dollars each year to obtain enough students how to find ways to make money to keep their schools operational, that escalating student acquisition cost contributes directly to the tuition how to find ways to make money costs that wildly continue to increase to levels an average how to find ways to make money american family will soon find unfathomable. What can be done?

Here’s what I think we’ve lost sight of in this country. College/university level education is just that, education. Education is the process of transferring knowledge and skill from how to find ways to make money one group to another, professor to student. She success of such endeavors is measured by the student’s knowledge and skill at the end of the educational how to find ways to make money period, and the student’s ability to apply those the knowledge and skill they how to find ways to make money learned in real world applications, usually through employment or successful entrepreneurship.

What the united states has done is turned the educational how to find ways to make money process into a business, with investor interests seeking growth year after year. Success indicators are no longer measured by student merit and how to find ways to make money reasonable wage employment (since I personally know many college grads accepting career related how to find ways to make money jobs at $12.50 per hour) but rather by the revenue gained by the college institutions. This model is counter intuitive to the perception we have how to find ways to make money of american university level education. In sort, it’s about money, not knowledge and skill.

To solve this problem, we need to return to the knowledge and merit expectations how to find ways to make money of our universities, and remove all financial interests by the public. No more financial investing in education. And, why do we spend such and exorbitant amount of money how to find ways to make money financing college level sports? If a student seeks education in technology or medicine, why are sports necessary to achieve that goal? While I believe physical fitness is very important, it should not be provided as such an extreme expense how to find ways to make money to the students.

The other way to drive down education fees and increase how to find ways to make money education value is to eliminate federal loan programs. This is obviously an unpopular suggestion, since FFELP and other federal loan programs allow students to how to find ways to make money attend university where they wouldn’t have been able to before. The problem with these programs is they allow universities to how to find ways to make money push indebtedness on their students with a perceived value of how to find ways to make money education and vague repayment expectations. There is also no risk to the university for driving how to find ways to make money up a student’s debt should the student be unable to repay, or if the student earns too little post college to how to find ways to make money repay in a reasonable time. You can’t bankrupt a FFELP loan, but you could bankrupt a private loan held by a how to find ways to make money university, hence the risk. Therefore, if the universities held the loans privately, guaranteed by non-government financial institutions, there would be a vested interest in driving down costs how to find ways to make money and increasing repayment potentiality by providing education that would result how to find ways to make money in the student’s ability to repay the loan.

State cutting their investments in college education also contributes to how to find ways to make money higher college cost. State seem to forget that the whole state will benefit how to find ways to make money from having an educated population. Parents used to have the ability to save for their how to find ways to make money children’s college education however, that is no linger the case. Most family’s struggle just to pay for health insurance which now how to find ways to make money consume about 17% of their annual income. Students take longer to graduate because they are working to how to find ways to make money pay to go to college. This creates a situation where states put pressure on the how to find ways to make money institutions to complete students faster but at the same time how to find ways to make money cut the investment that they use to make in colleges. Additionally there is a total state of misplaced priorities when how to find ways to make money the highest paid state employee is typically the football coach. Before all jump on that they pay for themselves they how to find ways to make money do very little for the over all state economy when how to find ways to make money it comes to creating high paying jobs that is unless how to find ways to make money a player makes it to the professional team. Just my thoughts….

I agree. I do not care about sports and we pay a how to find ways to make money major student tuition alot of the time because the college how to find ways to make money has sports teams. As well as the history of the college. Regardless of what college you went to eventually you’ll get a job in life. For instance I’m not about to go to an expensive med.School because of its history or whatever. Because in the end I will get a job and how to find ways to make money he or she will be stuck with a huge student how to find ways to make money loan just because they chose a historical college. Also, I think college should be more hands on. When you graduate from college nearly 90% of the things you learned in classes, you’ll either end up not needing them because it’s not a part of the job. What they teach you college will not be the same how to find ways to make money as what you will have to learn when you go how to find ways to make money to work. Ex.If I went to nursing school for 4 years and how to find ways to make money a RN worked at a job doing hands on for how to find ways to make money 4 years, who do you think will have more knowledge, skills, and abilities of being a RN? And majority of these RN can not tell you half how to find ways to make money of the things they remember in college because they do how to find ways to make money not perform that at work. Therefore, classes should only be required for that career. No one should have to take literature or algebra or how to find ways to make money anything if it has nothing to do with their degree. Colleges should also not be able allowed to come up how to find ways to make money with unnecessary classes for you to take. Only because they can find a way to make another how to find ways to make money amount of money for an unnecessary class. Then a class should not be charged by the credits how to find ways to make money and every class should only be 1 credit. Because just like when you go to work, you only get 1 paycheck in your hand each time how to find ways to make money you get a paycheck. Plus companies are starting to hire more by experience than how to find ways to make money a college degree. In which has been another problem with student loan debt. They convinced my generation to go to college in order how to find ways to make money to make it better in life. My generation took that advice and a lot of us how to find ways to make money ended up with an education, no job, and student loan debt. It used to be an education in order to make how to find ways to make money it but it has changed drastically to experience. Basically not needing a degree. Due to all of this, my generation are the #1 people in debt for going to college all because how to find ways to make money we wanted to make it in life but in all how to find ways to make money it put us debt. I don’t recommend no one to go to college unless it’s law, medical, and engineer. Besides everything else, do not do it. Also, make college free and let the government use the financial how to find ways to make money aid and pay the professors. If it’s 1 professor in 1 classroom in every subject and how to find ways to make money it’s maybe 50 students then the government will not spend how to find ways to make money as much trying to cover 40 students compared to only how to find ways to make money paying 1 professor for each subject. 1 class should not cost nomore than $300-500. Not 1 class should cost $1,500 or more. That is totally greedy and unnecessary. Then these books are so expensive and these schools are how to find ways to make money always trying to use a new edition each year. I had a professor compare an old edition book, for instance a 2016 book to a 2017 book and how to find ways to make money he stated that they both said the same scientific thing. The only difference was, each writer put a few synonyms or their own words how to find ways to make money and opinions in the book and that’s it. That is totally unnecessary and greedy. Most of all, if the school wants sports teams then let them come how to find ways to make money out of their own school pockets and pay for it. Because the sports do not benefit everybody therefore that’s a want and not a need. Make college cheaper or free, make it hands on, take away all of these unnecessary classes and these added how to find ways to make money unnecessary credits to graduate from the class, let the college pay for their own college alumni and how to find ways to make money sports, stop using a new edition of a new book every how to find ways to make money year and there would and could be a better outcome how to find ways to make money of less student loan debts and/or no debts for students and the government.

If I were to do it over again I don’t think I would waste my time, money, or energy on a college degree. I would likely enter into some trade and try to how to find ways to make money be the best at being a plumber, carpenter, electrician, or something else. College degree is no indication of intelligence or willingness to how to find ways to make money work hard/smart. This is also advice I will give to my kids. The only college degree worth the cost is something in how to find ways to make money the STEM fields. Everything else is waste of time and money. Kids would be better served taking a $200,000.00 loan and traveling the world for 4 years. That would teach the kids how to budget, interact with other people and cultures, and it would provide them with time to develop some how to find ways to make money worldly perspective (and personal introspective).

As for why college is expensive? Cost of administration and student services has gone through the how to find ways to make money roof. For some reason we (students and parents) are paying arm-and-a-leg for unimportant things like student experience, student facilities, student accommodations, and other stupid stuff unrelated to studding or learning. Most big-name universities spend more money on support staff then they how to find ways to make money do on faculty or research.

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