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College Cost Benefit Analysis

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From the academic school year of 2000-2001 to 2015-2016 there was about an average $7,900 tuition, fees, room, and board fee increase in public 4-year colleges in the United States (Tuition and Fees and Room and Board over Time). According to The Department of Education, about 40% of college students in the middle class achieved their bachelor's degree within 8 years. That is about 60% that dropped out because of financial issues, low grades, or illegal behavior. The cost of college education is rising, which is why it should be free. Students often cannot attend college because not everyone can qualify for federal help, the tuition and housing cost rising each year, many students having to pay their phone bills and be able to pay for other …show more content…
Recent jobs today require people to have a bachelor's degree or higher to qualify for some jobs. With a few jobs, they require experience which is not always offered while in college. If a certain degree is required for a job and that student cannot afford to pay for that degree then they cannot get that job. “Based on average tuition and fees for 2014-2015 as reported by The College Board and assumed to increase 5% annually.” The current college tuition and fees cost average is at about $39,400 for all four years. With the College Board’s estimated annual 5% increase of college tuition and fees, in the year, 2033 college tuition and fees at a public 4-year college would be $94,800 for four years (The Real Cost of Higher Education). This is not including room, board, and other personal expenses. College tuition pays for the quality of the teaching and the quality of the learning environment. The rising college tuition is used towards improving the teaching style, paying for the supplies needed for certain classes, and getting modern technology for the college to use. Even though people need to pay college tuition to get all this stuff, the cost should not change. Modern technology cost more each year, though there are people that have the money to donate to any colleges. Since the cost goes up it will be too much money for students to pay. The government and donation foundations should come together to pay …show more content…
Most college students have phone bills to pay unless it is on their parents plan. The students that pay their own bill will try to find the cheapest plan. With most cell phone companies the cheapest plan is one with free texting and talking, but not unlimited data, without unlimited data, you will have to pay to go on any social media. Every month, unless you have a locked rate, the price will increase. This is true because if you ever prices the prices before signing up for something, it will say something related to $60 a month for 12-months. This means that the price will probably increase every year. Many college students just stay with their parents' bill, although the parents might ask them to pitch in on their part of the bill to make it easier. College students still have tough times trying to keep up with all the bills that they need to pay and without any type of job they won't have any money and they would always have to borrow money from friends, family, or from a loan. Many students try to save money by not signing up for any type of meal plan because they expect it will be cheaper to just go to go out and eat or buy ramen noodles. These college students that do this could be right because you could go to the store and find cheap little meals that cost around five to ten dollars per meal. The other fact is, it depends on what meal plans your college offers. With many college

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