...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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...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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...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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...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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...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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...An increasing high school dropout rate is due to the fact that our education system is a grade-based system, that uses standardized tests to measure ones intelligence and achievements. Students who don’t measure up as well as others in terms of their grades, begin to quit at an earlier stage in education, with the belief they aren’t good enough to succeed in further education. With education inflation, the grade standards and pressure for students, are at a constant rise, which makes it more difficult for students to excel. For example, if a student was once a B grade student, they could easily be downgraded to a low C, because of the increasing competitive rivalry amongst students. As shown in Figure 3. There is a large percentage of students...
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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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...Syracuse University INDUSTRY ANALYSIS OF COLLEGES AND UNIVERSITIES IN THE UNITED STATES Matthew Gerlitzki Strategic Management - MBC 645 Professor Wimer May 11, 2016 Industry Definition This is an industry analysis paper of the Colleges and Universities in the United States and it is important to begin with a definition. A goal of an industry definition and boundaries scope must not be too narrow or broadly defined because this will alter the scope of the analysis and result in a skewed conclusion. I will begin by differentiating between non-profits and for-profits businesses due to the different strategies involved within management in attempt to maintain the scope of this analysis. At first thought this seems irrelevant, however, the internal and external environments of these two types of business structures are different and management must prioritize accordingly. In academia, the for-profit institution must operate similar to a regular business with a focus on profitability that will satisfy stakeholders rather than focus primarily on the quality of education. The non-profit institution will focus primarily on education and student success, which will contribute to the brand awareness and prestige that will be discussed later. An analysis of the Colleges and Universities in the United States will be limited to non-profit private and public institutions that offer Bachelor’s, Master’s, and Doctorate degrees. Bachelor’s (undergraduate) degrees are the...
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...Cost and Benefits of Getting a College Education Abstract This paper is an analysis of pursuing college education, based on years 2004 to 2008. As a working professional, college education is one of the most important credentials needed in starting a career. Despite the limitations, a rational and ambitious individual would undoubtedly seek such a level of education. With the present economic conditions, the cost of getting a college degree is soaring high. Finances of the family are affected, not to mention the inflationary factor of prices and school fees. In this simple analysis, the costs of gaining a degree in college are identified with the provided assumptions below. With regards to the costs, the return or benefits are also given a high importance in determining the value of pursuing in college. Statement of the Problem This paper will focus on comparing the costs of getting a college education with the benefits it will earn within four years after graduation. Specifically, this study will answer the following questions (with 2004 as base year): 1. How much is the cost in today’s value of peso for pursuing a college education? - Based on a four-year undergraduate course 2. How much would I earn if I choose to work after graduating in high school and not pursue to college (forgone earnings or opportunity costs)? 3. Supposing this current year is 2004 and I have the lump sum amount of equal to the future cost of going to college, what would be its future value if I choose...
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... The Cost of College In today’s society college education is needed to achieve a successful career. Jobs have become increasingly difficult to get without a college degree. I think that college education is getting costly especially in today’s economy. Although, I believe that people should go to college and comprehend the importance of higher learning, and to have access to higher social and economic class. “Therefore, one issue that most of college students face when getting a college education are tuitions bill and years of debt. As a consequence a higher percentage of dropout students that is increasing date to date.” (Eduardo Porter) After I graduate high school I had struggled for money to pay for college which I think it is very hard once you are used to free education all your life. Thereof, paying so much money for a higher education is bringing the number down of students who are earning a degree, and is declining over the years. I believe that it is much easier for `students who come from an wealthy family that have opportunity to enroll in college right out of high school because they can afford it. However for students in a lower income family like me tuition rates make that near impossible. I believe that if high schools refocus on training students for jobs that lead directly to apprenticeships it could lead the student to a well-paying employment that increase income to be able to afford college cost . I have been struggling...
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...of a state workforce have grown progressively more important over the last three decades, with increasing educational completion correlated strongly with higher wages. Additionally, a recent study from Georgetown University revealed that approximately 62 percent of jobs will require some form of college education by the year 2018 compared to the mere 28 percent in 1973.1 Nevertheless, regardless of the evidence that college and higher education are essential to our future, Massachusetts has eliminated hundreds of millions of dollars from public higher education funds in recent years. When state support for the university and community college systems is reduced the students in those universities are forced to pay higher tuition and fees. With increasing costs, the amount of money a student must take out in loans also rises. Public higher education funding has suffered numerous dramatic cuts over the past decade. State spending on higher education, including funding for the UMass system, Community Colleges as well as State Universities has declined 31 percent from 2001 to 2013. Although state spending has decreased, the funding needs of these institutions have not. In an effort to make up for this spending gap, these organizations have consistently increased the cost of student tuition and fees. As a result state universities and UMass have doubled student costs, community colleges are also facing the very same increases and challenges.2 The Commonwealth of Massachusetts...
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...First-generation college students are defined as students who are from a family where no parent or guardian has earned a baccalaureate degree, a common definition used in most studies (Soria & Steepleton 2012; Choy 2001). Roughly, one third or 32% of undergraduate students are first-generation college students (National Postsecondary Student Aid Study [NPSAS] 2012). It is important we understand the needs of first-generation college students as the number of students entering college increases (National Center for Education Statistics [NCES], 2009) and colleges push to increase retention and graduation rates (U.S. Department of Education, 2009). This essay will argue that retention rates of first-generation college students are much lower compared...
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...current state of the industry and target market. According to the book, “Essentials of Marketing 6th ed.”, an industry analysis should also include a report of the trends, competitors, customer profile and technology within the industry. Industry Overview The US colleges and universities industry includes about 4,300 degree-granting institutions with combined annual revenue of approximately $400 billion. Sixty percent of industry revenue is generated by state-operated public schools, 40 percent by private schools. Some 1,700 schools are public, another 1,600 are private nonprofit institutions, and about 1,000 are for-profit private schools. Close to 75 percent of students are enrolled in public schools. Mainly because of big state universities, the industry is concentrated: 50 percent of all students are enrolled in the 400 largest schools. Among the fastest-growing UTPA is ranked in the top ten. Industry Forecast US personal consumption expenditures for higher education, a major driver for university and college revenues, are forecast to grow at an annual compounded rate of 2 percent between 2009 and 2014. Data Published: October 2009. Industry Indicators The bank prime loan rate, an indicator of colleges' and universities' cost to finance construction, renovation, and other capital projects, remains at 3.25 percent as of the week of March 10, 2010, unchanged from the same week in 2009. US personal income, which drives consumer ability to pay for higher education,...
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...Tuition Reimbursement Implementation A tuition reimbursement plan offers many benefits to both employers and employees. The benefit to the employee is the opportunity to sharpen their skills through advanced education. The main benefit for our organization is the ability to attract and retain valuable employees. Tuition assistance is a powerful benefit that can be used as an advantage by our company to employ a better educated work force and a continued supply of qualified candidates to move up the chain of command. If employees are able to further their education they will become more skilled and as a result will provide more value to our company. The knowledge and skills that employees gain from their education can translate into a more confident, productive, on the job employee who has the ability to make executive decisions when the need calls. An educated employee is more apt to take on additional assignments, is more capable of utilizing leadership skills, thus improving the company’s professional image in the long run. The more an employee knows the easier it is to promote them upwards as well as laterally, developing a more rounded and happy employee. Providing tuition reimbursement develops team players through school studies increasing employee retention because employees are more likely to be loyal and dedicated to a company they feel is also loyal to them and has a vested interest in the development and success of its employees. Loyalty reciprocates because employees...
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...universities in South Africa, as represented in HESA, on the issues highlighted in the terms of reference of the Review Committee. In addition it addresses a number of related matters which would contribute towards alleviating the plight of students in relation to the cost of higher education. 2. BACKGROUND 2.1 The background to the review of NSFAS is given briefly in the above mentioned Government Gazette and mainly revolves around the inability of NSFAS to meet increasing demands for student financial aid despite increased annual Government allocations to NSFAS and increasing amounts of recovered student loans. 2.2 In the above mentioned Government Gazette the progressive growth in services rendered by NSFAS to include the administration of: Financial aid schemes run by individual universities; special purpose national and provincial government funds such as teacher education bursaries; the management of private sector and donor funds in terms of specified criteria; and of financial aid for students in FET colleges, is set out. In this regard HESA wishes, first of all, to commend Government for its foresight in establishing NSFAS in 1996 and for its commitment to the financial strengthening of NSFAS throughout the years of its existence. Through this Government has made an inestimable contribution to the high level development of our country's human potential, and specifically to those students coming from economically...
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