...In today's society College tuition has increased in several different states. College is so expensive and most people can’t afford it and take out loans. Most of the people who take out a loan for college are most likely still paying them pay years later. An importance for obtaining a degree is very important these days because most jobs will require more than high school diploma. A lot of people pay for college because they have a better chance in getting a job and a good education for their future. Assess a raise in tuition and if it will necessarily result in more revenue. When it comes to Nobody State University (NSU) price elasticity of demand is a factor to see how tuition being increased can affect revenue. All these...
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...In the good old 1960s there was no such thing as student loan crisis. Families could afford to send their kids to a public college where the tuition was almost negligible. Talented students could win scholarships and attend exclusive private colleges. The tuition in these private colleges was still affordable for the middle class. In the fall of 1971 Harvard University announced tuition was going up by $200—to $2,600. Soon others followed. The average tuition for a private four-year university was $1,832 in 1971 (in current US dollars) and has sharply increased to $31,231 this year. Tuition at Yale University increased from $38,850 in 2004 to $46,500 in 2015. Colleges followed the trend, where tuition at private colleges increased to 2.1% and at public colleges increased to 2.8% a year. Now United States has one of the most expensive higher education systems in the world....
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...Do Colleges Need an Improvement? College is a normal part of a student's development in education, it allows students to learn and excel in the field and career they wish to pursue. Secondary education costs however have been on the rise along with concerns of quality courses and programs. Understanding the importance of college tuition, scholarships programs, beneficial degrees of studies and educator performance are all discussed in articles written by Brent Staples, Kevin Carey, and Sophie Quinton, all of which shine light on the benefits and disadvantages of post secondary education. The first idea is students and parents should evaluate the importance of a quality degree and program. Obtaining a quality degree is essential in today's...
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...was able to identify several differences in regards to the issue of accessibility of a college education. The state of California policymakers are focusing on affordability and providing the funds needed for students to afford an education. With financial aid assistance and low cost public institutions, students are able to access education. There was a decrease in 2005 state financial funding, which significantly reduced student aid awards and increased tuition costs at higher education institutions. As a result, the average cost of tuition, fees, and room and board are above the national average. In addition, due to the budget cuts state schools in California, such as CSU’s & UC’s have had to deny admission to qualifying candidates. Because of the recession,...
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...Various causes contribute to the student dropout problem in colleges. One of the top reasons for leaving college is that it is hard to have to support oneself and go to school at the same time. Balancing work and school is a bigger barrier than finding money for tuition for many. In fact, more than a third of the dropouts said that even if they got a grant that covered their books and tuition, it would be hard to go back to school, given their work and family commitments (Lewin, 2009). For many, the financial burdens of college are too overwhelming. Often students will plan the finances for only the first year or the first semester, but they will not look ahead at how they will be paying for the rest. Some students are fortunate, however to have family that can help with their tuition, but that is not the case for all. Only one in five of the students who enroll in two-year institutions graduate within three years. And even at four-year colleges, only two in five complete their degrees within six years. (Lewin, 2009). With government funding dropping, colleges rely largely on higher student tuitions. According to the College Board, the average cost of tuition and fees for the 2013–2014 school years was $30,094 at private colleges, $8,893 for state residents at public colleges, and $22,203 for out-of-state residents. (College Data, 2014). However, college administrators estimate that almost a third of all college students drop out of school sometime during their freshmen...
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...In today’s society, the opinion of many that after high school a student must attend college to obtain a four-year bachelor degree. The amount of years people spend at college varies. 65.9% of Americans further their education after high school. An important decision after high school for students is to further their education while considering the cost, importance of a four-year degree, and debt from college. All goods and services eventually go up in price. Each year, college prices rise 4.5% for private colleges, and 8.3% for public colleges. An average price, “for the 2012–13 academic year, annual current dollar prices for undergraduate tuition, room, and board were estimated to be $15,022 at public institutions, $39,173 at private nonprofit...
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...Research Project IV Nicole L. King Baker College HRM315: Evaluating Human Resources Tae Dawson June 13, 2012 Abstract This purpose of this research project was to find out how well BWI HR is meeting the needs of its employees. Fifty surveys were collected and reviewed. One each survey were eight HR services. The HR services are Performance Appraisal, Wage & Salary Administration, Incentive Pay Program, Internal Job Posting, Healthcare Insurance, Technical Training, Career Counseling/Development and Flexible Work Schedule. Each of the HR services had a rating scale to see how important and satisfied the Target employees would rate them. There were three HR services that showed the largest gap between importance and satisfaction. The incentive pay program, performance appraisal system and career counseling and development all showed large negative gaps. The incentive pay program should be changed from an individual-based program to a team/group-based program. The performance appraisal system should evolve into a “social network” type of performance management system. This type of social performance management system will bring many advantages, including empowerment. Finally, the career counseling/development programs should see a small expansion and reviews of the eligible degrees, adding certificates, increasing the tuition reimbursement amount and adding mentoring programs. These improvements should be implemented to improve the HR services, our people and...
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...Essay #1: College Tuition Education is a very important resource to people of all races, origins and religions. The U.S. government should pay for two years of college tuition for every U.S. Citizen who graduates from an American High School to show how education in the United States has a high impact on the job market. At this current time it is imperative for parents to ensure their children are prepared for the reality ahead. The U.S. government currently funds many different programs to help those in need of resources for shelter and a means of helping to care for families, but there is not much help available in terms of education. Although America is a free country and the government is far more lenient than other countries, the education system has fallen below the mark according to the National Educational Agency, and this matter needs to be brought to the forefront. Our American high school students are suffering and depending on the wrong type of government assistance to help maintain everyday life standards and adding to the high school drop-out rates in record highs. Currently, the government funds programs from the federal, state and local levels for high school education only. The government has separated post-secondary education to rely on student loans from lending institutions along with scholarships to help with the cost of post-secondary education. However, the funds allocated for some of these programs to help keep the American high school students in school...
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...In the evolving social climate of today’s society, the importance of higher education is being stressed more than ever. It is becoming increasingly rare to procure a well-paying occupation without first obtaining a college degree. However, college administrators estimate that almost a third of all college students drop out of school sometime during their freshmen year. There are a variety of factors that influence a student’s likelihood to drop out of college, including financial, personal, and work-related issues. One of the most common reasons students drop out of college is financial complications. With government funding dropping, colleges rely largely on higher student tuitions. A study in 2011 estimated the average cost of attending a four-year college to be $8,244 for in-state students and $12,526 for out-of-state students. For many students, such a gratuitous amount of money is simply unattainable. (Hardin, 2007) In addition, because many individuals without college degrees are limited to minimum wage jobs, even working students are often unable to fund their educations due to low incomes. If a student does not receive financial aid or parental support, they are even less likely to be able to afford the ever-rising cost of higher education. Once a student experiences the inflated price of college tuition and supplies, dropping out may become a financial necessity. Another common cause of college dropouts is personal issues. Such issues include academic...
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...Instructor: Christine Villasenor July 7, 2013 Introduction Initiating tuition costs at Universities and Colleges can be of an essential importance to college institutions who may be suffering from unfavorable financial effects because of the lack of resources that are being distributed and the increase of education and faculty costs. However; with the increasing cost of tuition, this can have parents wondering if the investment of higher learning is worth it, especially when the costs of college exceeds what a student can make in their first year of working. Can Universities find alternate ways to increase their revenue, other than raising tuition? There are many ways institutions can make more revenue, they just need to collaborate their minds and resources to do so. Nobody State University increases their tuition, hoping to get more revenue, is it a wise decision for administration? In this paper I will go over conditions in which revenue may rise, fall, or remain the same, focusing on the relationship between the increase and decrease of revenue from student enrollments and possible ways to expand their revenue, outside of raising tuition. Well there are many reasons why colleges raise their tuition to increase their revenue, as I will discuss in this paper. Raising Tuition Was it a good decision for NSU to raise tuition costs, well according to their administration it was. Raising tuition for this University was a way for them to increase their revenue, in which...
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...Recently, students have raised many questions as college tuition continues to increase and jobs become harder to attain. Many individuals have been paying a vast amount of money to attend college, then upon graduation have come to earn less than spent. Thus, igniting the argument about the importance of the college degree and whether the financial benefit would be greater if one entered the labor market directly out of High School. The benefits of a degree holding individual still tend to outweigh the costs, “With degrees earning a return of about 15 percent over the past decade,” (Abel and Deitz). These returns have continued to be high despite the falling earnings and rising tuition, because the salary of the individuals with no university...
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...Nobody State University Tuition Universities must constantly weigh tuition pricing in relation to the cost of providing quality educational services. Determining where to set tuition pricing is an increasingly critical decision which administrators and university presidents must analyze when considering the university’s goals. Not only does the cost of tuition play a factor in student enrollment, it also provides a major revenue source to an institution. The question which universities must answer is, “What effect will raising or lowering the university’s tuition have on the total earned revenue? This paper investigates this question and reviews under what conditions a change in tuition prices will cause the revenue to rise, fall, or remain constant. Finally, applying a hypothetical tuition elasticity coefficient of demand for education value of -1.2, provides a tuition increase recommendation to the Nobody State University’s president and administration board based upon the university’s potential revenue impact. Historically, the demand for a university or college education has not reduced as prices have risen. In fact, even though prices have gone up, the number of college applicants has continued to rise. Meagan Pant writes in her article in the Tribune Business New, “The majority of Americans think college is too expensive for most people to afford -- although the widely held opinion has not hindered skyrocketing enrollment or stopped virtually all parents from expecting...
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...Benefits of Tuition Reimbursement Program March 5, 2011 Why make out employees take out expensive student loans when we could give them the benefit of having a tuition reimbursement program that could be both beneficial to them as well as for the company. Paying for tuition may seem expensive for the company, but it could actually save us money in the long run. Our company could offer the tuition reimbursement program for employees that are interested in taking courses that are related to work. We could have certain policies and guidelines to ensure that upon completing their degree they will not leave the company. I believe this is a good idea even if we don’t pay for the entire degree we could at least pay for classes that are related to the job. Adding the tuition reimbursement program to our company we are giving our employees the opportunity to develop new skills that will make them more productive at work. Our employees will be able to take on additional assignments and have the chance to become leaders in the workplace. In my opinion, the more employees that we have to earn a degree will improve the company’s professional image. The skills as well as the knowledge that our employees will gain from their education can transform into higher productivity and possibly more revenue and profits for the company. It is very hard to find good employees, but I feel that by offering the tuition reimbursement program will help our company retain good employees....
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...from the Mellon Foundation and the Spencer Foundations. The views expressed in this paper do not necessarily reflect those of the National Bureau of Economic Research. © 1999 by Stephen V. Cameron and James J. Heckman. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source. The Dynamics of Educational Attainment for Blacks, Hispanics, and Whites Stephen V. Cameron and James J. Heckman NBER Working Paper No. 7249 July 1999 JEL No. I12 ABSTRACT This paper estimates a dynamic model of schooling attainment to investigate the sources of discrepancy by race and ethnicity in college attendance. When the returns to college education rose, college enrollment of whites responded much more quickly than that of...
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...Colleges and universities offer a wide variety of majors to declare, but when it comes down to making that decision, how do we choose and what influences our decision? Is it our interests, our parents, our experiences, or money? I remember when I first started college I had no idea what I wanted to major in, so I just listened to my dad and he basically chose my major for me. He suggested a program where I could be making close to $45,000 a year with just a 2 year degree. I thought why not, I’d be making good money and only have to go to school for 2 years, it sounds great. Until of course I realized I’m not really interested in it, so I switched my major to biology because that’s what I liked. I believe that is how everyone should choose their major,...
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