...confidence in many of our most important institutions including our colleges and universities. A common criticism focuses on how education expenses continue to rise in America. Although America continues to be one of the most educated countries in the world, we have fallen behind in the percentage of young people with a college degree. As the numbers of problems have increased over the past decades, many constituencies of the higher education system have searched for stronger managers and visionary leaders. Colleges and universities need leaders and managers who can turn their visions into realities (Pietrucha, 2012). It is wise for leaders to start thinking about the needs of their followers who require support, encouragement, and reassurance and guide them through this period of vagueness and uncertainty. Summary of Political Arguments A recent political argument, the post-trillion dollar status achievement in the area of student loan debt shows no signs of reversing itself. In 2010 there were $100 billion in education loans taken out by U.S. citizens (Pietrucha, 2012). The rate of higher education cost has increased at a rate three times that of inflation over the last two decades, with average increase in college tuition around four percent annually (Pietrucha, 2012). Notwithstanding, government is continuing to encourage young people to take out higher education loans in their continued pursuit of a college degree. In his speech in Ann Arbor, Michigan, President Obama offered...
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...Financial Analysis of Lee College Robert Drumm Ashford College ACC380: Accounting for Not-for-Profit Organizations (BBK1449A) Instructor: Melody Clements January 19, 2015 Abstract In order for managers and key decision makers in an organization to provide proper guidance, they must first have a full understanding of how their company is doing financially. Since Lee College is a private organization the regulating authority is the Financial Accounting Standards Board (FASB.). This paper focused on three main financial statements of Lee College; Statement of Activities, Statement of Unrestricted Revenues, Expenses, and Other Changes in Unrestricted Net Assets, and a Statement of Changes in Net Assets. The referenced statements were composed and analyzed in order to provide Lee College’s stakeholders an accurate assessment of the organization’s financial health for fiscal year 2014. Financial Analysis of Lee College The three main financial statements of Lee College; Statement of Activities, Statement of Unrestricted Revenues, Expenses, and Other Changes in Unrestricted Net Assets, and a Statement of Changes in Net Assets were prepared using the data that was provided. These statements were used to determine the financial condition of Lee College. Statement of Activities The main purpose of the statement of activities is to provide an organization’s management with the effects of transactions and other events that change the amount and nature of net assets. It...
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...The type of essay is cause/effect, so you will need to organize your analysis to show the cause and effect connections carefully. Write a well-developed essay, with at least three good body paragraphs. These essays must be typed. Be sure to answer the question completely and stay on topic. Check carefully for grammar errors before you turn it in for a grade. *NOTE: Do not plagiarize (use the words and ideas of others) and do not get help to "make it perfect". PROMPT: California’s economy is in very bad condition, with an imbalance of over $25 billion dollars. The government will have to consider both cutting spending and raising income by taxes. One of the many cuts is the community college budget, and our own district & college are going to lose millions of dollars no matter what. One of the many ways to increase income is to raise tuition fees (currently they are $26/unit for residents and $234/unit for non-residents & international students. Proposals range from $36/unit to (in the worst case) $66/unit. TOPIC: What are the most important effects of a tuition fee increase? In other words, if Los Rios college tuition increases, what effects will this have? Explain the cause-effect connections to show HOW these effects will happen. In this essay, first consider the many different types of effects before you choose which ones to write about. Effects can be positive or negative; it is up to you to decide which kind of effects you want to discuss, and...
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...Why is college so expensive? Presentation Rationale Purpose: The purpose of this speech is to inform my audience of why college is so expensive and the information I discovered of how college tuition has gotten out of control over the last decade. Intended Audience: My audience for this speech are students and parents who want to know what is causing tuition to rise and want to know what they can do about it. Significance: This topic is very significant to my audience because the cost of higher education is increasing every year and for many becoming unattainable due to the cost. This is relevant because if the government and the Department of Higher Education can find ways to lower the cost. Then people can further their education which can help other areas such as unemployment. Presentation Plan 1. Introduction a. Attention-getting opening: Imagine back in 1984, the year I was born; the cost to go a 4 year college was only roughly $2,567 a year according to the National Center for Education Statistics (2007). Now jump to present day the average to go to a 4 year college is approximately $112,000 in 4 years (Forbes, 2015). That is over a 109% increase. Where is the money going? To put this in perspective during the same time period medical care increased by 117%, a new home 90% and the median for families incomes only increased by an average of 70%. b. Thesis Statement: Research shows that higher education is one of the most costly investments that Americans...
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...Case Study 3: Setting tuition and financial aid Instructor: Patricia Wiseman Managerial Economics MBA-540-MB01 Saint Leo University Sushma Madhavaram Summary: Prices are the variable property which can increase or decrease the desire of purchasing the commodity which in simple terms referred as demand. For most of the commodities if prices soar high then people purchase less good hence reducing demand in the same way if supply increases prices go down increasing demand. This basic principle is the basis for the ‘law “of demand which can be described as quantity demand plummets as prices go upward, other variable factors constant. To understand the demand and price relation economists refer demand as schedule of quantities of commodity people want to buy at various prices, other factors constant (Colander, Rockerbie, & Richter, 2006, p.73). Whereas quantity demand is referred as demand of goods at certain price in the demand curve. Ursinus College in Pennsylvania in the year 2000 increased their tuition fee 17.6% to $23,460 in order to increase college revenue and funds to support financial aid which also in turn increased their admissions (Brickley, Smith, & Zimmerman, 2009, p.110). The conjecture of college president is increase in demand is against the law of the demand because of college going student’s snob mentality and their comparison of quality with respect to price. He speculated student’s presumption of costly colleges will have better quality education...
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...About • • • ©2016 StudyMode.com 1. Home > 2. Debt > 3. Student Loan Crisis... < Back to Debt Student Loan Crisis Research Paper Debt, Education finance, Higher education • • • • By sympathys Jun 11, 2013 1348 Words 220 Views PAGE 1 OF 5 �PAGE � How to Make College More Affordable Many of the protesters occupying Wall Street and other places say they are upset about the rising price of going to college. There is little dispute today that the number of students who have debt has increased, and that the amount of money they have borrowed has gone up (Billitteri). Many students incur large amounts of debt that will never pay dividends in higher wages or greater job satisfaction, and they graduate into a world with weak employment prospects. It's a betrayal of the American social contract that says if you work hard and invest in yourself through education, you'll be able to build a better life. The current system is badly in need of an overhaul, and this paper will present several ways to bring about this needed change. The seriousness of the current situation has worsened during the last few decades. Since 1982, the average cost of college tuition and fees has increased by 439 percent, while the typical family's income has increased by a mere 147 percent (_Measuring_, 8). After adjustment for inflation, students are...
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...Towards the Increase in Higher Education Tuition Fees and changes in UCAS applications December 2013 By Nick Codrington 11068779 Elliot Neil 11069090 Contents EXECUTIVE SUMMARY 1. INTRODUCTION 1.0 Introduction 1.1 Description of research 1.2 Report structure 2. BACKGROUND TO OUR RESEARCH / SECONDARY RESEARCH 2.1 History of the fee system 2.2 Newspaper/Internet findings 2.3 UCAS trends 3. KEY FINDINGS OF PRIMARY RESEARCH 3.1 Primary research undertaken 3.2 Questionnaire sample 3.3 Initial questions 3.4 Knowledge of structure 3.5 Plan 4. CONCLUSIONS AND RECOMMENDATIONS 4.1 Conclusions 4.2 Recommendations Executive Summary This research project is being carried out by Nick Codrington and Elliot Neil, two second year foundation degree students studying business and enterprise. The report aims to establish young people attitude toward the recent change in the fee structure system implemented by university’s. Our research aims to look at the impact the rise in tuition fees will have on the decision young people make on weather on not to go into higher education. The higher education act came under review in 2010 with a view to moving university to a free market enabling them to set their own structures at a capped limit of £9,000 per annum. As our research will show applications to attend colleges and universities through UCAS have been increasingly rising prior to the any review on tuition fees. The number of applicants to university’s...
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...Executive Summary Economic indicators are statistics put out by government agencies and some private companies to provide measurements for evaluating the health of the economy, the latest business cycles and consumers spending behavior and patterns. Various economic indicators are released daily, weekly, monthly and/or quarterly which can result in an enormous amount of data to go through. Post-Secondary colleges and universities rather than wade through all data reports and economic indicators can select a few macroeconomic indicators to assist in meeting the challenges of the market to provide a quality and competitively priced education. Significant indicators used in this paper to aid in the decision making process for sustainability and growth for post-secondary education are inflation, the unemployment rate, interest rates and consumer confidence. This topic is of interest because for the past 35 years holding a four-year college degree has given workers a distinct advantage in the U.S. labor market. There is usually a large wage gap between college-educated working adults and those with high school degrees. With technological advances in the workplace and a growing reliance on computers, skilled workers are needed to apply for these technological positions. However, based on new trends the U.S. labor market now favors workers who hold a graduate degree (Valletta, 2015). It is because of these new trends we want to focus on the need for quality education and economic factors...
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...Effects of Employment on Student Academic Success Compiled December 2006 BYU Employment Services The average yearly costs of education continue to increase around the country. According to the College Board’s “Trends in College Pricing”, the 20062007 average total costs (including tuition, fees, room and board, books and supplies, transportation, and other expenses) are $16,357 for fouryear public colleges and universities; and $33,301 for fouryear private colleges and universities. These costs represent nearly a 6 percent tuition increase from 20052006. Inflation during that same period was approximately 4 percent. As anxiety rises concerning the escalating costs of schooling, students are left with the decision of how to fund their education. Some take out loans, or qualify for grants or scholarships. Others, however, are left to pay their own way by means of fulltime or parttime employment. Approximately 80 percent of all college students are employed while completing their undergraduate education (Riggert). Many studies have been conducted to determine the effects of fulltime and parttime employment on the academic success of college students. The purpose of this paper is to summarize some of the general findings and implications of these studies, and to provide suggestions regarding how university studentemployment offices may utilize these data. Effects on GPA A major factor in determining the positive or negative effects of employment on the ...
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...Pay to Play: Economic Impact of Paying College Athletes 1. Purpose of Research & Analysis On April 25, 2014, the National Labor Relations Board in Washington, D.C., granted Northwestern University's request to review the decision made by the regional office recognizing the school's football players as employees. In mid-April, Northwestern football players voted as a team on whether or not to unionize, but the votes will only be opened if the board ends up siding with the players, which may take at least a couple of months. Ultimately, the Northwestern football players are determining their fate through this secret ballot and their decision to form the first union amongst college athletes—a decision that has the ability to change the landscape of American college sports. If granted the right to unionize, the Northwestern football team will actually have the ability to bargain over their conditions and it is expected that this could ultimately lead to requesting salary compensation for their efforts. In light of these recent historic discussions, it is critical to analyze not only the ethical, but also the economic impact of such potential situations. My research paper has been structured to shed some light into the challenging and complicated discussions that continue to occur around this topic. Specifically, I have broken my research and analysis into three key topics. First, I explore whether or not there is an underlying issue with the current state, from an economic perspective...
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...To many high school students, college seems like a far away land, a mysterious place where everyone wants to be yet not many know how to get there. As children, our parents tell us how much time we have to think about college, and that it is too far down the line to think about. The truth is it is never too early to think about your future. I, like many people, put little thought into my future career and now am lost in an unfortunate mix of indecision and anxiety. Not knowing where you want to be in the future is a hard burden to bear. Many of us tend to find out that we only know what we do not want, not what we actually do want. Do we want to be poor? Absolutely not. Do we want a boring job? Of course we don’t. We all want our nice big house, white picket fence, and dog in the backyard. We also want to be happy. These next few paths are ways I might be able to achieve both. I have many different possible interests when it comes to my future. I hope to attend a four year college, and after graduation attend graduate school. Having gone to small schools my entire life, I prefer a small school. I am looking for a school with a tuition under $30,000, but would not rule out schools that aren’t significantly over my budget. I am open to the thoughts of leaving home, yet I am not sure I would survive on my own. None of preferences are set in stone and I am willing to try and consider new possibilities. When it comes to careers and majors, I have considered becoming...
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...important resource for career focused people here in the United States. In order to attend college, most students have to take out loans in order to cover the cost of attending. However, the rising rate of student loan defaults has recently become a serious issue that needs to be addressed. Economists agree that the rising amount of student loan default can prove to be a good indicator when seeking to predict future payments on student loans (Ismail, Serguieva, & Singh, 2011). Recent studies have shown that the growing rate of student loan default on higher education loans could cause another financial crisis in the United States because the loans are government backed, the cost of higher education is on the rise, and unemployment rates are on the rise preventing repayment. Taking on student loans can feel like and endless cycle of entrapment to the borrowers and they are often left with the belief that they have no other choice than to default on their loans. It is impossible to say with 100% certainty where the culpability lies for this unfolding crisis. One point of view is that the students may be at fault for not fully understanding the magnitude of the debt they are taking on by applying for these loans in the first place. Another point of view is that possibly the schools may be at fault for not offering more instruction to the borrowers about the loans and charging higher prices for tuition. Perhaps the fault is with the loan issuers for allowing the students to take on these...
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...Business Research Report Compensation Strategies Student Name: Shannon Prazen Table of Contents Executive Summary 3 Introduction 4 Research Findings....................................................................................................................................4 - 7 Finding Number 1………………………………………………………………………………………………………………………………4 - 5 Finding Number 2……………………………………………………………………………………………………………………………….5 - 6 Finding Number 3……………………………………………………………………………………………………………………………….6 - 7 Recommendation…………………………………………………………………………………………………………………………………….7 Conclusion……………………………………………………………………………………………………………………………………………….7 References………………………………………………………………………………………………………………………………………………8 Executive Summary Within this report I have completed research on three additional compensation strategies that have a focus on retaining and recruiting highly qualified employees in the manufacturing field. The additional compensation packages could be implemented into the benefit package already in place for both our exempt and non exempt employees, as well as future employees. The key factor in this report is to battle our problem of employee turnover. While we offer a very competitive wage for a manufacturing company we also need to show that we value dedication and above all pride in a job well done. We need to make sure that we are encouraging the quality of the work performed meet existing standards, and also provides the extrinsic motivation needed to...
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...Essay 1 “Should Everyone Go To College?” In this report “Should Everyone Go to College?” written by Stephanie Owen and Isabel Sawhill, a senior research assistant in the center of children and a senior fellow in Economic studies and co-director of the center on children, spoke about how has been absurdly overrated. Owen and Sawhill reported in the first paragraph of the summary saying “By telling all young people that they should go to college no matter what, we are actually doing some of them a disservice” Their prove in the report is known to be 100% accurate because this proves were gotten from reliable sources like March CPS 2007-2010, Hess et al and some other reliable sources. The rate of return on education can be calculated by discovering the cost and benefit associated with a certain level of schooling, this cost will be made up of the cost of textbooks and stationery, salaries of all the staffs, cost of time and study, rent of land on which the institution is cited and some other expenses. The cost of education is very high so there is not much net benefit. In other words the higher the tuition of college education the lower the net benefit of attending. Owen and Sawhill's report says that “the correlation is not causation, and getting at the true causal effect of...
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...Rahim Yar Khan Campus. The variables under consideration were the academic performance (student’s grades/marks) as a dependent variable and the gender, age, faculty of study, schooling, father/guardian social economic status, and residential area, medium of schooling; tuition trend, daily study hours and accommodation trend were independent variables. The data were collected from 100 students through separate structured questionnaire from different departments of Islamia University of Bahawalpur, Rahim Yar Khan Campus using the simple random sampling technique. For analysis, linear regression model, correlation analysis, and descriptive analysis were used. The findings revealed that age, father/guardian social economic status and daily study hours significantly contribute the academic performance of graduate students. A linear model was also proposed that will be helpful to improve the academic performance of graduate students at University level. 1. Introduction Students academic gain and learning performance is affected by numerous factor including gender, age, teaching faculty, students schooling, father/guardian social economic status, residential area of students, medium of instructions in schools, tuition trend, daily study hour and accommodation as hostelries or day scholar. Many researchers conducted detailed studies about the factors contributing student performance at different study levels. Graetz (1995) suggested “A student educational success contingent heavily...
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